SCHH vs. IWS

Last updated Jun 13, 2026

SCHH (Schwab US REIT ETF) and IWS (iShares Russell Mid-Cap Value ETF) are both exchange-traded funds - SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped Index, while IWS is a Mid Cap Value Equities fund tracking the Russell Midcap Value Index. Both are passively managed. Over the past 10 years, SCHH returned 4.51%/yr vs 10.51%/yr for IWS. A 0.69 correlation means they provide meaningful diversification when combined. SCHH charges 0.07%/yr vs 0.23%/yr for IWS.

Performance

SCHH vs. IWS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US REIT ETF (SCHH) and iShares Russell Mid-Cap Value ETF (IWS). 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 16.33% return and IWS slightly higher at 16.45%. Over the past 10 years, SCHH has underperformed IWS with an annualized return of 4.51%, while IWS has yielded a comparatively higher 10.51% 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%

IWS

• 1D: 1.16%
• 1M: 4.03%
• YTD: 16.45%
• 6M: 15.28%
• 1Y: 27.58%
• 3Y*: 16.65%
• 5Y*: 8.67%
• 10Y*: 10.51%

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

SCHH vs. IWS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
IWS iShares Russell Mid-Cap Value ETF	16.45%	10.82%	12.91%	12.52%	-12.29%	28.10%	4.83%	26.73%	-12.43%	13.14%

Correlation

The correlation between SCHH and IWS is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011	0.69

The correlation between SCHH and IWS shifts across timeframes, from 0.60 (1 year) to 0.73 (5 years), reflecting how their relationship changes across market environments.

SCHH vs. IWS - Sectors Allocation Comparison

Sectors	SCHH	IWS
Real Estate	98.5%	8.2%
Basic Materials	1.3%	5.4%
Financial Services	0.2%	13.7%
Communication Services	-	3.0%
Consumer Cyclical	-	8.4%
Consumer Defensive	-	4.8%
Energy	-	7.7%
Healthcare	-	7.5%
Industrials	-	16.5%
Technology	-	18.2%
Utilities	-	6.5%

Return for Risk

SCHH vs. IWS — Risk / Return Rank

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

SCHH

SCHH Risk / Return Rank: 39
SCHH Sharpe Ratio Rank: 38
SCHH Sortino Ratio Rank: 36
SCHH Omega Ratio Rank: 36
SCHH Calmar Ratio Rank: 44
SCHH Martin Ratio Rank: 43

IWS

IWS Risk / Return Rank: 76
IWS Sharpe Ratio Rank: 73
IWS Sortino Ratio Rank: 75
IWS Omega Ratio Rank: 69
IWS Calmar Ratio Rank: 80
IWS Martin Ratio Rank: 81

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. IWS - Risk-Adjusted Trends Comparison

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

	SCHH	IWS	Difference
Sharpe ratio: Return per unit of total volatility	1.18	2.05	-0.86
Sortino ratio: Return per unit of downside risk	1.68	2.91	-1.23
Omega ratio: Gain probability vs. loss probability	1.21	1.36	-0.14
Calmar ratio: Return relative to maximum drawdown	1.94	3.68	-1.74
Martin ratio: Return relative to average drawdown	6.10	13.82	-7.72

SCHH vs. IWS - Sharpe Ratio Comparison

The current SCHH Sharpe Ratio is 1.18, which is lower than the IWS Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of SCHH and IWS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SCHH vs. IWS - Drawdown Comparison

The maximum SCHH drawdown since its inception was -44.22%, smaller than the maximum IWS drawdown of -62.40%. Use the drawdown chart below to compare losses from any high point for SCHH and IWS.

Drawdown Indicators

	SCHH	IWS	Difference
Max Drawdown Largest peak-to-trough decline	-44.22%	-62.40%	+18.18%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-7.53%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	-20.57%	+2.81%
Max Drawdown (5Y) Largest decline over 5 years	-33.28%	-21.23%	-12.05%
Max Drawdown (10Y) Largest decline over 10 years	-44.22%	-43.83%	-0.39%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.43%	-8.01%	-1.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.00%	+0.63%

Volatility

SCHH vs. IWS - Volatility Comparison

Schwab US REIT ETF (SCHH) has a higher volatility of 4.83% compared to iShares Russell Mid-Cap Value ETF (IWS) at 4.29%. This indicates that SCHH's price experiences larger fluctuations and is considered to be riskier than IWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHH	IWS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	4.29%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	9.98%	9.97%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	13.56%	13.53%	+0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.74%	17.36%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.99%	19.37%	+1.62%

SCHH vs. IWS - Expense Ratio Comparison

SCHH has a 0.07% expense ratio, which is lower than IWS's 0.23% 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. IWS - Dividend Comparison

SCHH's dividend yield for the trailing twelve months is around 2.69%, more than IWS's 1.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWS iShares Russell Mid-Cap Value ETF	1.32%	1.53%	1.50%	1.76%	1.93%	1.39%	1.87%	1.97%	2.53%	1.96%	2.10%	2.14%
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

Can I hold both SCHH and IWS in my portfolio?

SCHH and IWS have a correlation of 0.60, 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 IWS?

SCHH has higher volatility (4.83%) compared to IWS (4.29%). In terms of maximum drawdown, SCHH dropped -44.22% vs IWS's -62.40%.

Which ETF is better, SCHH or IWS?

On 10-year performance, IWS leads with 10.51% vs 4.51% for SCHH. On fees, SCHH is cheaper at 0.07% per year. On volatility, IWS has been the lower-risk option at 4.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHH or IWS?

Over the 10-year period, IWS has performed better with a 10.51% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHH or IWS?

SCHH is cheaper with a 0.07% expense ratio, compared with 0.23% for IWS.

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

SCHH has the higher dividend yield at 2.69%, compared with 1.32% for IWS.

What is the main difference between SCHH and IWS?

SCHH is categorized as REIT, while IWS is Mid Cap Value Equities. SCHH tracks Dow Jones Equity All REIT Capped Index, while IWS tracks Russell Midcap Value Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.07% for SCHH and 0.23% for IWS.

Which has better risk-adjusted returns?

IWS currently has the higher Sharpe Ratio (2.05 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.