SCHH vs. IWMY

Last updated Jun 9, 2026

SCHH (Schwab US REIT ETF) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped Index, while IWMY is a Options Trading fund tracking the Russell 2000 Index. Both are passively managed. Over the past year, SCHH returned 12.92% vs 19.66% for IWMY. At a 0.49 correlation, their price movements are largely independent. SCHH charges 0.07%/yr vs 0.99%/yr for IWMY.

Performance

SCHH vs. IWMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US REIT ETF (SCHH) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHH achieves a 12.43% return, which is significantly higher than IWMY's 10.55% return.

SCHH

• 1D: -1.35%
• 1M: -0.72%
• YTD: 12.43%
• 6M: 12.55%
• 1Y: 12.92%
• 3Y*: 9.97%
• 5Y*: 2.78%
• 10Y*: 4.14%

IWMY

• 1D: 0.63%
• 1M: -0.57%
• YTD: 10.55%
• 6M: 8.47%
• 1Y: 19.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCHH vs. IWMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SCHH Schwab US REIT ETF	12.43%	2.20%	4.99%	23.96%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	10.55%	10.18%	5.56%	10.06%

Correlation

The correlation between SCHH and IWMY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023	0.49

Return for Risk

SCHH vs. IWMY — Risk / Return Rank

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

SCHH

SCHH Risk / Return Rank: 31
SCHH Sharpe Ratio Rank: 29
SCHH Sortino Ratio Rank: 28
SCHH Omega Ratio Rank: 28
SCHH Calmar Ratio Rank: 35
SCHH Martin Ratio Rank: 35

IWMY

IWMY Risk / Return Rank: 37
IWMY Sharpe Ratio Rank: 38
IWMY Sortino Ratio Rank: 34
IWMY Omega Ratio Rank: 35
IWMY Calmar Ratio Rank: 38
IWMY Martin Ratio Rank: 39

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. IWMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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	IWMY	Difference
Sharpe ratio: Return per unit of total volatility	0.97	1.23	-0.25
Sortino ratio: Return per unit of downside risk	1.39	1.67	-0.29
Omega ratio: Gain probability vs. loss probability	1.17	1.21	-0.04
Calmar ratio: Return relative to maximum drawdown	1.57	1.71	-0.14
Martin ratio: Return relative to average drawdown	4.92	5.59	-0.66
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. IWMY - Sharpe Ratio Comparison

The current SCHH Sharpe Ratio is 0.97, which is comparable to the IWMY Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of SCHH and IWMY, 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	IWMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	1.23	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.90	-0.55

Drawdowns

SCHH vs. IWMY - Drawdown Comparison

The maximum SCHH drawdown since its inception was -44.22%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for SCHH and IWMY.

Drawdown Indicators

	SCHH	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	-44.22%	-18.72%	-25.50%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-11.57%	+3.29%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.22%	—	—
Current Drawdown Current decline from peak	-2.01%	-2.89%	+0.88%
Average Drawdown Average peak-to-trough decline	-9.45%	-2.98%	-6.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	3.53%	-0.90%

Volatility

SCHH vs. IWMY - Volatility Comparison

The current volatility for Schwab US REIT ETF (SCHH) is 4.21%, while Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a volatility of 6.26%. This indicates that SCHH experiences smaller price fluctuations and is considered to be less risky than IWMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHH	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	6.26%	-2.05%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	13.20%	-3.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	16.15%	-2.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	15.90%	+2.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	15.90%	+5.08%

SCHH vs. IWMY - Expense Ratio Comparison

SCHH has a 0.07% expense ratio, which is lower than IWMY's 0.99% expense ratio.

Dividends

SCHH vs. IWMY - Dividend Comparison

SCHH's dividend yield for the trailing twelve months is around 2.79%, less than IWMY's 46.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	46.29%	63.33%	107.92%	11.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHH Schwab US REIT ETF	2.79%	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 IWMY in my portfolio?

SCHH and IWMY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SCHH or IWMY?

IWMY has higher volatility (6.26%) compared to SCHH (4.21%). In terms of maximum drawdown, SCHH dropped -44.22% vs IWMY's -18.72%.

Which ETF is better, SCHH or IWMY?

On 1-year performance, IWMY leads with 19.66% vs 12.92% for SCHH. On fees, SCHH is cheaper at 0.07% per year. On volatility, SCHH has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHH or IWMY?

Over the 1-year period, IWMY has performed better with a 19.66% return vs 12.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHH or IWMY?

SCHH is cheaper with a 0.07% expense ratio, compared with 0.99% for IWMY.

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

IWMY has the higher dividend yield at 46.29%, compared with 2.79% for SCHH.

What is the main difference between SCHH and IWMY?

SCHH is categorized as REIT, while IWMY is Options Trading. SCHH tracks Dow Jones Equity All REIT Capped Index, while IWMY tracks Russell 2000 Index. They also come from different issuers: Charles Schwab and Defiance. Their fees differ too: 0.07% for SCHH and 0.99% for IWMY.

Which has better risk-adjusted returns?

IWMY currently has the higher Sharpe Ratio (1.23 vs 0.97), 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.