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SCHH vs. IWN
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHH vs. IWN

Last updated Jun 13, 2026

SCHH (Schwab US REIT ETF) and IWN (iShares Russell 2000 Value ETF) are both exchange-traded funds - SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped Index, while IWN is a Small Cap Value Equities fund tracking the Russell 2000 Value Index. Both are passively managed. Over the past 10 years, SCHH returned 4.51%/yr vs 10.58%/yr for IWN. A 0.61 correlation means they provide meaningful diversification when combined. SCHH charges 0.07%/yr vs 0.24%/yr for IWN.

Performance

SCHH vs. IWN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US REIT ETF (SCHH) and iShares Russell 2000 Value ETF (IWN). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCHH achieves a 16.33% return, which is significantly lower than IWN's 20.82% return. Over the past 10 years, SCHH has underperformed IWN with an annualized return of 4.51%, while IWN has yielded a comparatively higher 10.58% annualized return.

SCHH

1D
1.00%
1M
3.20%
YTD
16.33%
6M
16.33%
1Y
15.97%
3Y*
11.02%
5Y*
3.40%
10Y*
4.51%

IWN

1D
1.17%
1M
4.34%
YTD
20.82%
6M
17.48%
1Y
42.26%
3Y*
17.41%
5Y*
6.89%
10Y*
10.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHH vs. IWN - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHH
Schwab US REIT ETF		16.33%2.20%4.99%11.18%-24.99%41.07%-14.81%22.85%-4.26%3.68%
IWN
iShares Russell 2000 Value ETF		20.82%12.40%7.63%14.56%-14.77%27.96%4.66%22.01%-13.01%7.69%

Correlation

The correlation between SCHH and IWN is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.53

Correlation (3Y)
Calculated over the trailing 3-year period

0.62

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (10Y)
Calculated over the trailing 10-year period

0.59

Correlation (All Time)
Calculated using the full available price history since Jan 13, 2011

0.61

The correlation between SCHH and IWN shifts across timeframes, from 0.53 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.

SCHH vs. IWN - Sectors Allocation Comparison

Sectors
SCHH
IWN

Real Estate

98.5%
10.2%

Basic Materials

1.3%
5.4%

Financial Services

0.2%
24.2%

Communication Services

-

1.6%

Consumer Cyclical

-

8.7%

Consumer Defensive

-

2.0%

Energy

-

9.2%

Healthcare

-

8.8%

Industrials

-

11.1%

Technology

-

12.4%

Utilities

-

5.7%

Real Estate

SCHH
98.5%
IWN
10.2%

Basic Materials

SCHH
1.3%
IWN
5.4%

Financial Services

SCHH
0.2%
IWN
24.2%

Communication Services

SCHH

-

IWN
1.6%

Consumer Cyclical

SCHH

-

IWN
8.7%

Consumer Defensive

SCHH

-

IWN
2.0%

Energy

SCHH

-

IWN
9.2%

Healthcare

SCHH

-

IWN
8.8%

Industrials

SCHH

-

IWN
11.1%

Technology

SCHH

-

IWN
12.4%

Utilities

SCHH

-

IWN
5.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab US REIT ETF

iShares Russell 2000 Value ETF

Often compared with SCHH:
SCHH vs. VNQSCHH vs. SCHDSCHH vs. XLRESCHH vs. FRELSCHH vs. FSRNXSCHH vs. VNQISCHH vs. REET
Often compared with IWN:
IWN vs. IWMIWN vs. IWOIWN vs. VTWOIWN vs. IJSIWN vs. IWSIWN vs. IWVIWN vs. IWX

Return for Risk

SCHH vs. IWN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHH
SCHH Risk / Return Rank: 3939
Overall Rank
SCHH Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
SCHH Sortino Ratio Rank: 3636
Sortino Ratio Rank
SCHH Omega Ratio Rank: 3636
Omega Ratio Rank
SCHH Calmar Ratio Rank: 4444
Calmar Ratio Rank
SCHH Martin Ratio Rank: 4343
Martin Ratio Rank
IWN
IWN Risk / Return Rank: 8585
Overall Rank
IWN Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
IWN Sortino Ratio Rank: 8484
Sortino Ratio Rank
IWN Omega Ratio Rank: 7878
Omega Ratio Rank
IWN Calmar Ratio Rank: 9191
Calmar Ratio Rank
IWN Martin Ratio Rank: 8888
Martin Ratio Rank
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. IWN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and iShares Russell 2000 Value ETF (IWN). 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.

SCHHIWNDifference
Sharpe ratioReturn per unit of total volatility
1.18
2.35

-1.16

Sortino ratioReturn per unit of downside risk
1.68
3.27

-1.59

Omega ratioGain probability vs. loss probability

1.21

1.40

-0.18

Calmar ratioReturn relative to maximum drawdown

1.94

5.02

-3.09

Martin ratioReturn relative to average drawdown

6.10

16.91

-10.81

SCHH vs. IWN - Sharpe Ratio Comparison

The current SCHH Sharpe Ratio is 1.18, which is lower than the IWN Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of SCHH and IWN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SCHH vs. IWN - Drawdown Comparison

The maximum SCHH drawdown since its inception was -44.22%, smaller than the maximum IWN drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for SCHH and IWN.

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Drawdown Indicators

SCHHIWNDifference

Max Drawdown

Largest peak-to-trough decline

-44.22%

-61.55%

+17.33%

Max Drawdown (1Y)

Largest decline over 1 year

-8.28%

-8.45%

+0.17%

Max Drawdown (3Y)

Largest decline over 3 years

-17.76%

-26.70%

+8.94%

Max Drawdown (5Y)

Largest decline over 5 years

-33.28%

-26.70%

-6.58%

Max Drawdown (10Y)

Largest decline over 10 years

-44.22%

-46.08%

+1.86%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-9.43%

-10.15%

+0.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

2.51%

+0.12%

Volatility

SCHH vs. IWN - Volatility Comparison

The current volatility for Schwab US REIT ETF (SCHH) is 4.83%, while iShares Russell 2000 Value ETF (IWN) has a volatility of 5.80%. This indicates that SCHH experiences smaller price fluctuations and is considered to be less risky than IWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHHIWNDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.83%

5.80%

-0.97%

Volatility (6M)

Calculated over the trailing 6-month period

9.98%

12.25%

-2.27%

Volatility (1Y)

Calculated over the trailing 1-year period

13.56%

18.09%

-4.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.74%

21.47%

-2.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.99%

23.41%

-2.42%

SCHH vs. IWN - Expense Ratio Comparison

SCHH has a 0.07% expense ratio, which is lower than IWN's 0.24% 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. IWN - Dividend Comparison

SCHH's dividend yield for the trailing twelve months is around 2.69%, more than IWN's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
IWN
iShares Russell 2000 Value ETF		1.42%1.70%1.80%2.04%2.12%1.48%1.60%1.92%1.99%1.78%1.74%2.15%
SCHH
Schwab US REIT ETF		2.69%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

SCHH and IWN have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IWN has higher volatility (5.80%) compared to SCHH (4.83%). In terms of maximum drawdown, SCHH dropped -44.22% vs IWN's -61.55%.

On 10-year performance, IWN leads with 10.58% vs 4.51% for SCHH. On fees, SCHH is cheaper at 0.07% per year. On volatility, SCHH has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IWN has performed better with a 10.58% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHH is cheaper with a 0.07% expense ratio, compared with 0.24% for IWN.

SCHH has the higher dividend yield at 2.69%, compared with 1.42% for IWN.

SCHH is categorized as REIT, while IWN is Small Cap Value Equities. SCHH tracks Dow Jones Equity All REIT Capped Index, while IWN tracks Russell 2000 Value Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.07% for SCHH and 0.24% for IWN.

IWN currently has the higher Sharpe Ratio (2.35 vs 1.18), 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.

Portfolio Optimizer

Find the right allocation for SCHH and IWN

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