SCHH vs. JRE

Last updated Aug 4, 2026

SCHH (Schwab US REIT ETF) and JRE (Janus Henderson U.S. Real Estate ETF) are both REIT funds. SCHH is passively managed, while JRE is actively managed. Over the past 5 years, SCHH returned 3.39%/yr vs 4.23%/yr for JRE. Their 0.96 correlation means they have historically moved very closely together. SCHH charges 0.07%/yr vs 0.65%/yr for JRE.

Performance

SCHH vs. JRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US REIT ETF (SCHH) and Janus Henderson U.S. Real Estate ETF (JRE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHH achieves a 17.73% return, which is significantly lower than JRE's 20.87% return.

SCHH

• 1D: 0.04%
• 1M: 0.91%
• 6M: 15.84%
• YTD: 17.73%
• 1Y: 19.91%
• 3Y*: 11.26%
• 5Y*: 3.39%
• 10Y*: 3.80%
• ALL TIME*: 7.16%

JRE

• 1D: -0.32%
• 1M: 1.24%
• 6M: 18.77%
• YTD: 20.87%
• 1Y: 25.17%
• 3Y*: 11.74%
• 5Y*: 4.23%
• 10Y*: —
• ALL TIME*: 5.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JRE Janus Henderson U.S. Real Estate ETF	$48.27K	$43.72K	$38.36K
SCHH Schwab US REIT ETF	$140.13M	$145.62M	$142.57M

SCHH vs. JRE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SCHH Schwab US REIT ETF	17.73%	2.20%	4.99%	11.18%	-24.99%	15.37%
JRE Janus Henderson U.S. Real Estate ETF	20.87%	2.97%	7.65%	8.79%	-23.47%	16.20%

Correlation

The correlation between SCHH and JRE is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.96
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since Jun 23, 2021	0.96

The correlation between SCHH and JRE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

SCHH vs. JRE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SCHH

SCHH Risk / Return Rank: 62
SCHH Sharpe Ratio Rank: 60
SCHH Sortino Ratio Rank: 59
SCHH Omega Ratio Rank: 58
SCHH Calmar Ratio Rank: 68
SCHH Martin Ratio Rank: 65

JRE

JRE Risk / Return Rank: 78
JRE Sharpe Ratio Rank: 75
JRE Sortino Ratio Rank: 74
JRE Omega Ratio Rank: 73
JRE Calmar Ratio Rank: 86
JRE Martin Ratio Rank: 81

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SCHH vs. JRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and Janus Henderson U.S. Real Estate ETF (JRE). 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	JRE	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.82	-0.38
Sortino ratio: Return per unit of downside risk	2.04	2.54	-0.50
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.07
Calmar ratio: Return relative to maximum drawdown	2.41	3.54	-1.13
Martin ratio: Return relative to average drawdown	8.08	11.50	-3.42

SCHH vs. JRE - Sharpe Ratio Comparison

The current SCHH Sharpe Ratio is 1.45, which is comparable to the JRE Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of SCHH and JRE, 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. JRE - Drawdown Comparison

The maximum SCHH drawdown since its inception was -44.22%, which is greater than JRE's maximum drawdown of -31.69%. Use the drawdown chart below to compare losses from any high point for SCHH and JRE.

Drawdown Indicators

	SCHH	JRE	Difference
Max Drawdown Largest peak-to-trough decline	-44.22%	-31.69%	-12.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-7.14%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	-18.37%	+0.61%
Max Drawdown (5Y) Largest decline over 5 years	-33.28%	-31.69%	-1.59%
Max Drawdown (10Y) Largest decline over 10 years	-44.22%	—	—
Current Drawdown Current decline from peak	-2.29%	-3.27%	+0.98%
Average Drawdown Average peak-to-trough decline	-9.36%	-12.25%	+2.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.19%	+0.28%

Volatility

SCHH vs. JRE - Volatility Comparison

The current volatility for Schwab US REIT ETF (SCHH) is 4.41%, while Janus Henderson U.S. Real Estate ETF (JRE) has a volatility of 4.97%. This indicates that SCHH experiences smaller price fluctuations and is considered to be less risky than JRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHH	JRE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	4.97%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	10.96%	11.03%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	13.86%	13.88%	-0.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	18.76%	+0.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.03%	18.68%	+2.35%

SCHH vs. JRE - Expense Ratio Comparison

SCHH has a 0.07% expense ratio, which is lower than JRE's 0.65% expense ratio.

Dividends

SCHH vs. JRE - Dividend Comparison

SCHH's dividend yield for the trailing twelve months is around 2.72%, less than JRE's 4.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JRE Janus Henderson U.S. Real Estate ETF	4.66%	5.81%	2.20%	2.77%	2.87%	0.90%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHH Schwab US REIT ETF	2.72%	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 JRE in my portfolio?

With a correlation of 0.94, SCHH and JRE 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 JRE?

JRE has higher volatility (4.97%) compared to SCHH (4.41%). In terms of maximum drawdown, SCHH dropped -44.22% vs JRE's -31.69%.

Which ETF is better, SCHH or JRE?

On 5-year performance, JRE leads with 4.23% vs 3.39% for SCHH. On fees, SCHH is cheaper at 0.07% per year. On volatility, SCHH has been the lower-risk option at 4.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHH or JRE?

Over the 5-year period, JRE has performed better with a 4.23% return vs 3.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHH or JRE?

SCHH is cheaper with a 0.07% expense ratio, compared with 0.65% for JRE.

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

JRE has the higher dividend yield at 4.66%, compared with 2.72% for SCHH.

What is the main difference between SCHH and JRE?

They also come from different issuers: Charles Schwab and Janus Henderson. Their fees differ too: 0.07% for SCHH and 0.65% for JRE.

Which has better risk-adjusted returns?

JRE currently has the higher Sharpe Ratio (1.82 vs 1.45), 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.