SCHH vs. O
SCHH (Schwab US REIT ETF) is REIT fund tracking the Dow Jones Equity All REIT Capped Index, while O (Realty Income Corporation) is a stock. Over the past 10 years, SCHH returned 4.51%/yr vs 4.89%/yr for O. A 0.77 correlation means they provide meaningful diversification when combined.
Performance
SCHH vs. O - Performance Comparison
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Returns By Period
In the year-to-date period, SCHH achieves a 16.33% return, which is significantly higher than O's 13.70% return. Over the past 10 years, SCHH has underperformed O with an annualized return of 4.51%, while O has yielded a comparatively higher 4.89% 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%
O
- 1D
- 1.31%
- 1M
- 2.40%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.25%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
SCHH vs. O - 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% |
O Realty Income Corporation | 13.70% | 12.20% | -2.11% | -4.55% | -7.38% | 23.95% | -11.60% | 21.27% | 15.94% | 3.67% |
Correlation
The correlation between SCHH and O is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.77 |
The correlation between SCHH and O has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
SCHH vs. O — Risk / Return Rank
SCHH
O
SCHH vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and Realty Income Corporation (O). 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 | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.29 | +0.65 |
| Martin ratioReturn relative to average drawdown | 6.10 | 3.12 | +2.98 |
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Drawdowns
SCHH vs. O - Drawdown Comparison
The maximum SCHH drawdown since its inception was -44.22%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for SCHH and O.
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Drawdown Indicators
| SCHH | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.22% | -48.45% | +4.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -11.10% | +2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.76% | -26.49% | +8.73% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -34.48% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -44.22% | -48.28% | +4.06% |
Current DrawdownCurrent decline from peak | 0.00% | -5.94% | +5.94% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -9.20% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 4.58% | -1.95% |
Volatility
SCHH vs. O - Volatility Comparison
The current volatility for Schwab US REIT ETF (SCHH) is 4.83%, while Realty Income Corporation (O) has a volatility of 5.29%. This indicates that SCHH experiences smaller price fluctuations and is considered to be less risky than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHH | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 5.29% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 11.98% | -2.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.56% | 16.21% | -2.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 18.92% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 25.64% | -4.65% |
Dividends
SCHH vs. O - Dividend Comparison
SCHH's dividend yield for the trailing twelve months is around 2.69%, less than O's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
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 O have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
O has higher volatility (5.29%) compared to SCHH (4.83%). In terms of maximum drawdown, SCHH dropped -44.22% vs O's -48.45%.
SCHH currently has the higher Sharpe Ratio (1.18 vs 0.88), 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.
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