SCHH vs. PNNT
SCHH (Schwab US REIT ETF) is REIT fund tracking the Dow Jones Equity All REIT Capped Index, while PNNT (PennantPark Investment Corporation) is a stock. Over the past 10 years, SCHH returned 4.51%/yr vs 7.07%/yr for PNNT. At a 0.34 correlation, their price movements are largely independent.
Performance
SCHH vs. PNNT - 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 PNNT's -29.84% return. Over the past 10 years, SCHH has underperformed PNNT with an annualized return of 4.51%, while PNNT has yielded a comparatively higher 7.07% 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%
PNNT
- 1D
- 1.58%
- 1M
- -8.53%
- YTD
- -29.84%
- 6M
- -27.65%
- 1Y
- -33.82%
- 3Y*
- 0.38%
- 5Y*
- 0.83%
- 10Y*
- 7.07%
SCHH vs. PNNT - 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% |
PNNT PennantPark Investment Corporation | -29.84% | -2.96% | 16.56% | 37.25% | -8.90% | 61.71% | -17.99% | 14.30% | 2.05% | -0.65% |
Correlation
The correlation between SCHH and PNNT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.34 |
The correlation between SCHH and PNNT shifts across timeframes, from 0.20 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHH vs. PNNT — Risk / Return Rank
SCHH
PNNT
SCHH vs. PNNT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and PennantPark Investment Corporation (PNNT). 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 | PNNT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.38 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.78 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.80 | +2.73 |
| Martin ratioReturn relative to average drawdown | 6.10 | -1.65 | +7.74 |
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Drawdowns
SCHH vs. PNNT - Drawdown Comparison
The maximum SCHH drawdown since its inception was -44.22%, smaller than the maximum PNNT drawdown of -82.16%. Use the drawdown chart below to compare losses from any high point for SCHH and PNNT.
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Drawdown Indicators
| SCHH | PNNT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.22% | -82.16% | +37.94% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -42.61% | +34.33% |
Max Drawdown (3Y)Largest decline over 3 years | -17.76% | -42.61% | +24.85% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -42.61% | +9.33% |
Max Drawdown (10Y)Largest decline over 10 years | -44.22% | -69.14% | +24.92% |
Current DrawdownCurrent decline from peak | 0.00% | -40.28% | +40.28% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -15.29% | +5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 20.58% | -17.95% |
Volatility
SCHH vs. PNNT - Volatility Comparison
The current volatility for Schwab US REIT ETF (SCHH) is 4.83%, while PennantPark Investment Corporation (PNNT) has a volatility of 9.97%. This indicates that SCHH experiences smaller price fluctuations and is considered to be less risky than PNNT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHH | PNNT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 9.97% | -5.14% |
Volatility (6M)Calculated over the trailing 6-month period | 9.98% | 23.95% | -13.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.56% | 27.06% | -13.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.74% | 23.79% | -5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 32.76% | -11.77% |
Dividends
SCHH vs. PNNT - Dividend Comparison
SCHH's dividend yield for the trailing twelve months is around 2.69%, less than PNNT's 24.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNNT PennantPark Investment Corporation | 24.94% | 16.11% | 12.85% | 11.65% | 10.43% | 6.93% | 11.71% | 11.03% | 11.30% | 10.42% | 14.62% | 18.12% |
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 PNNT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNNT has higher volatility (9.97%) compared to SCHH (4.83%). In terms of maximum drawdown, SCHH dropped -44.22% vs PNNT's -82.16%.
SCHH currently has the higher Sharpe Ratio (1.18 vs -1.25), 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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