SCHH vs. KBWY
Compare and contrast key facts about Schwab US REIT ETF (SCHH) and Invesco KBW Premium Yield Equity REIT ETF (KBWY).
SCHH and KBWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHH is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Select REIT Index. It was launched on Jan 13, 2011. KBWY is a passively managed fund by Invesco that tracks the performance of the KBW Premium Yield Equity REIT Index. It was launched on Dec 2, 2010. Both SCHH and KBWY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHH or KBWY.
Key characteristics
| SCHH | KBWY | |
|---|---|---|
| YTD Return | -7.37% | -9.23% |
| 1Y Return | 3.89% | 15.58% |
| 3Y Return (Ann) | -2.27% | -1.57% |
| 5Y Return (Ann) | -0.48% | -3.29% |
| 10Y Return (Ann) | 3.74% | 1.25% |
| Sharpe Ratio | 0.19 | 0.62 |
| Daily Std Dev | 18.55% | 26.17% |
| Max Drawdown | -44.22% | -57.68% |
| Current Drawdown | -22.76% | -24.31% |
Correlation
The correlation between SCHH and KBWY is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SCHH vs. KBWY - Performance Comparison
In the year-to-date period, SCHH achieves a -7.37% return, which is significantly higher than KBWY's -9.23% return. Over the past 10 years, SCHH has outperformed KBWY with an annualized return of 3.74%, while KBWY has yielded a comparatively lower 1.25% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SCHH vs. KBWY - Expense Ratio Comparison
SCHH has a 0.07% expense ratio, which is lower than KBWY's 0.35% expense ratio.
Risk-Adjusted Performance
SCHH vs. KBWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and Invesco KBW Premium Yield Equity REIT ETF (KBWY). 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.
Dividends
SCHH vs. KBWY - Dividend Comparison
SCHH's dividend yield for the trailing twelve months is around 3.45%, less than KBWY's 8.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHH Schwab US REIT ETF | 3.45% | 3.24% | 2.55% | 1.50% | 2.86% | 2.86% | 3.66% | 2.22% | 2.81% | 2.48% | 2.18% | 2.59% |
KBWY Invesco KBW Premium Yield Equity REIT ETF | 8.81% | 7.90% | 7.41% | 5.05% | 10.35% | 6.19% | 8.64% | 7.25% | 6.55% | 5.72% | 4.57% | 4.85% |
Drawdowns
SCHH vs. KBWY - Drawdown Comparison
The maximum SCHH drawdown since its inception was -44.22%, smaller than the maximum KBWY drawdown of -57.68%. Use the drawdown chart below to compare losses from any high point for SCHH and KBWY. For additional features, visit the drawdowns tool.
Volatility
SCHH vs. KBWY - Volatility Comparison
The current volatility for Schwab US REIT ETF (SCHH) is 6.08%, while Invesco KBW Premium Yield Equity REIT ETF (KBWY) has a volatility of 6.75%. This indicates that SCHH experiences smaller price fluctuations and is considered to be less risky than KBWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.