SCHH vs. BBRE

Last updated Jun 6, 2026

SCHH (Schwab US REIT ETF) and BBRE (JPMorgan BetaBuilders MSCI US REIT ETF) are both REIT funds - SCHH tracks the Dow Jones Equity All REIT Capped Index while BBRE tracks the MSCI US REIT Index. Both are passively managed. Over the past 5 years, SCHH returned 3.48%/yr vs 4.91%/yr for BBRE. With a 0.96 correlation, they move nearly in lockstep. SCHH charges 0.07%/yr vs 0.11%/yr for BBRE.

Performance

SCHH vs. BBRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US REIT ETF (SCHH) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with SCHH having a 13.97% return and BBRE slightly higher at 14.42%.

SCHH

• 1D: 0.89%
• 1M: 0.25%
• YTD: 13.97%
• 6M: 13.40%
• 1Y: 15.01%
• 3Y*: 10.70%
• 5Y*: 3.48%
• 10Y*: 4.33%

BBRE

• 1D: 1.04%
• 1M: 0.09%
• YTD: 14.42%
• 6M: 13.84%
• 1Y: 17.12%
• 3Y*: 11.72%
• 5Y*: 4.91%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHH vs. BBRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SCHH Schwab US REIT ETF	13.97%	2.20%	4.99%	11.18%	-24.99%	41.07%	-14.81%	22.85%	-2.95%
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	14.42%	2.09%	8.24%	13.85%	-24.68%	42.99%	-7.55%	26.06%	-2.60%

Correlation

The correlation between SCHH and BBRE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.96

The correlation between SCHH and BBRE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

SCHH vs. BBRE - Sectors Allocation Comparison

Sectors	SCHH	BBRE
Real Estate	98.7%	98.9%
Basic Materials	1.2%	-
Financial Services	0.1%	0.1%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SCHH vs. BBRE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHH

SCHH Risk / Return Rank: 34
SCHH Sharpe Ratio Rank: 32
SCHH Sortino Ratio Rank: 30
SCHH Omega Ratio Rank: 31
SCHH Calmar Ratio Rank: 38
SCHH Martin Ratio Rank: 38

BBRE

BBRE Risk / Return Rank: 39
BBRE Sharpe Ratio Rank: 37
BBRE Sortino Ratio Rank: 35
BBRE Omega Ratio Rank: 35
BBRE Calmar Ratio Rank: 45
BBRE Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHH vs. BBRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE). 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.

	SCHH	BBRE	Difference
Sharpe ratio: Return per unit of total volatility	1.13	1.28	-0.14
Sortino ratio: Return per unit of downside risk	1.60	1.78	-0.18
Omega ratio: Gain probability vs. loss probability	1.20	1.22	-0.02
Calmar ratio: Return relative to maximum drawdown	1.82	2.13	-0.31
Martin ratio: Return relative to average drawdown	5.73	6.72	-0.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHH vs. BBRE - Sharpe Ratio Comparison

The current SCHH Sharpe Ratio is 1.13, which is comparable to the BBRE Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of SCHH and BBRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCHH	BBRE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	1.28	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	0.26	-0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.33	+0.02

Drawdowns

SCHH vs. BBRE - Drawdown Comparison

The maximum SCHH drawdown since its inception was -44.22%, roughly equal to the maximum BBRE drawdown of -43.61%. Use the drawdown chart below to compare losses from any high point for SCHH and BBRE.

Drawdown Indicators

	SCHH	BBRE	Difference
Max Drawdown Largest peak-to-trough decline	-44.22%	-43.61%	-0.61%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-8.07%	-0.21%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	-18.92%	+1.16%
Max Drawdown (5Y) Largest decline over 5 years	-33.28%	-31.15%	-2.13%
Max Drawdown (10Y) Largest decline over 10 years	-44.22%	—	—
Current Drawdown Current decline from peak	-0.67%	-0.83%	+0.16%
Average Drawdown Average peak-to-trough decline	-9.45%	-10.52%	+1.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.55%	+0.08%

Volatility

SCHH vs. BBRE - Volatility Comparison

Schwab US REIT ETF (SCHH) and JPMorgan BetaBuilders MSCI US REIT ETF (BBRE) have volatilities of 4.05% and 4.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHH	BBRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.05%	4.02%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	9.64%	9.59%	+0.05%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	13.48%	-0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	18.78%	-0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	22.56%	-1.59%

SCHH vs. BBRE - Expense Ratio Comparison

SCHH has a 0.07% expense ratio, which is lower than BBRE's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SCHH vs. BBRE - Dividend Comparison

SCHH's dividend yield for the trailing twelve months is around 2.75%, which matches BBRE's 2.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBRE JPMorgan BetaBuilders MSCI US REIT ETF	2.75%	3.24%	3.19%	3.68%	2.62%	1.70%	3.17%	2.19%	1.96%	0.00%	0.00%	0.00%
SCHH Schwab US REIT ETF	2.75%	3.04%	3.22%	3.24%	2.55%	1.50%	2.86%	2.86%	3.64%	2.22%	2.81%	2.48%

Frequently Asked Questions

Can I hold both SCHH and BBRE in my portfolio?

With a correlation of 0.97, SCHH and BBRE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SCHH or BBRE?

SCHH has higher volatility (4.05%) compared to BBRE (4.02%). In terms of maximum drawdown, SCHH dropped -44.22% vs BBRE's -43.61%.

Which ETF is better, SCHH or BBRE?

On 5-year performance, BBRE leads with 4.91% vs 3.48% for SCHH. On fees, SCHH is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHH or BBRE?

Over the 5-year period, BBRE has performed better with a 4.91% return vs 3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHH or BBRE?

SCHH is cheaper with a 0.07% expense ratio, compared with 0.11% for BBRE.

Which ETF pays a higher dividend yield, SCHH or BBRE?

SCHH and BBRE have nearly identical dividend yields, around 2.75%.

What is the main difference between SCHH and BBRE?

SCHH tracks Dow Jones Equity All REIT Capped Index, while BBRE tracks MSCI US REIT Index. They also come from different issuers: Charles Schwab and JPMorgan. Their fees differ too: 0.07% for SCHH and 0.11% for BBRE.

Which has better risk-adjusted returns?

BBRE currently has the higher Sharpe Ratio (1.28 vs 1.13), 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.