SCHE vs. USRT
SCHE (Schwab Emerging Markets Equity ETF) and USRT (iShares Core U.S. REIT ETF) are both exchange-traded funds - SCHE is a Emerging Markets Equities fund tracking the FTSE Emerging Index, while USRT is a REIT fund tracking the FTSE Nareit Equity REITS 40 Act Capped Index. Both are passively managed. Over the past 10 years, SCHE returned 7.76%/yr vs 6.04%/yr for USRT. At a 0.44 correlation, their price movements are largely independent. SCHE charges 0.11%/yr vs 0.08%/yr for USRT.
Performance
SCHE vs. USRT - Performance Comparison
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Returns By Period
In the year-to-date period, SCHE achieves a 8.41% return, which is significantly lower than USRT's 21.46% return. Over the past 10 years, SCHE has outperformed USRT with an annualized return of 7.76%, while USRT has yielded a comparatively lower 6.04% annualized return.
SCHE
- 1D
- 0.28%
- 1M
- -3.73%
- 6M
- 3.99%
- YTD
- 8.41%
- 1Y
- 18.66%
- 3Y*
- 15.81%
- 5Y*
- 5.24%
- 10Y*
- 7.76%
- ALL TIME*
- 4.83%
USRT
- 1D
- -0.39%
- 1M
- 6.03%
- 6M
- 16.02%
- YTD
- 21.46%
- 1Y
- 23.91%
- 3Y*
- 11.84%
- 5Y*
- 5.46%
- 10Y*
- 6.04%
- ALL TIME*
- 5.61%
SCHE vs. USRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHE Schwab Emerging Markets Equity ETF | 8.41% | 26.54% | 10.60% | 8.93% | -17.84% | -0.65% | 14.49% | 20.31% | -13.57% | 32.70% |
USRT iShares Core U.S. REIT ETF | 21.46% | 2.44% | 8.58% | 13.64% | -24.43% | 43.26% | -8.06% | 25.98% | -4.67% | 5.27% |
Correlation
The correlation between SCHE and USRT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 14, 2010 | 0.44 |
Over the past year, the correlation between SCHE and USRT has dropped to 0.18 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
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Return for Risk
SCHE vs. USRT — Risk / Return Rank
SCHE
USRT
SCHE vs. USRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Emerging Markets Equity ETF (SCHE) and iShares Core U.S. REIT ETF (USRT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCHE | USRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.99 | -1.33 |
| Martin ratioReturn relative to average drawdown | 5.62 | 9.68 | -4.06 |
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Drawdowns
SCHE vs. USRT - Drawdown Comparison
The maximum SCHE drawdown since its inception was -36.20%, smaller than the maximum USRT drawdown of -69.92%. Use the drawdown chart below to compare losses from any high point for SCHE and USRT.
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Drawdown Indicators
| SCHE | USRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.20% | -69.92% | +33.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.29% | -8.04% | -3.25% |
Max Drawdown (3Y)Largest decline over 3 years | -17.08% | -18.70% | +1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -31.38% | -31.03% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -36.20% | -44.38% | +8.18% |
Current DrawdownCurrent decline from peak | -4.66% | -0.39% | -4.27% |
Average DrawdownAverage peak-to-trough decline | -12.52% | -12.90% | +0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 2.48% | +0.85% |
Volatility
SCHE vs. USRT - Volatility Comparison
Schwab Emerging Markets Equity ETF (SCHE) has a higher volatility of 5.89% compared to iShares Core U.S. REIT ETF (USRT) at 4.49%. This indicates that SCHE's price experiences larger fluctuations and is considered to be riskier than USRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHE | USRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 4.49% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 15.30% | 10.69% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 14.03% | +3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.91% | 18.91% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.42% | 21.34% | -1.92% |
SCHE vs. USRT - Expense Ratio Comparison
SCHE has a 0.11% expense ratio, which is higher than USRT's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCHE vs. USRT - Dividend Comparison
SCHE's dividend yield for the trailing twelve months is around 2.69%, more than USRT's 2.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHE Schwab Emerging Markets Equity ETF | 2.69% | 2.88% | 3.03% | 3.83% | 2.88% | 2.86% | 2.09% | 3.27% | 2.64% | 2.31% | 2.27% | 2.50% |
USRT iShares Core U.S. REIT ETF | 2.49% | 3.07% | 2.85% | 3.18% | 3.46% | 2.27% | 3.12% | 3.34% | 5.66% | 3.44% | 3.98% | 3.59% |
Frequently Asked Questions
SCHE and USRT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHE has higher volatility (5.89%) compared to USRT (4.49%). In terms of maximum drawdown, SCHE dropped -36.20% vs USRT's -69.92%.
On 10-year performance, SCHE leads with 7.76% vs 6.04% for USRT. On fees, USRT is cheaper at 0.08% per year. On volatility, USRT has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHE has performed better with a 7.76% return vs 6.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USRT is cheaper with a 0.08% expense ratio, compared with 0.11% for SCHE.
SCHE has the higher dividend yield at 2.69%, compared with 2.49% for USRT.
SCHE is categorized as Emerging Markets Equities, while USRT is REIT. SCHE tracks FTSE Emerging Index, while USRT tracks FTSE Nareit Equity REITS 40 Act Capped Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.11% for SCHE and 0.08% for USRT.
USRT currently has the higher Sharpe Ratio (1.72 vs 1.06), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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