SCHH vs. PXF

Last updated Jun 9, 2026

SCHH (Schwab US REIT ETF) and PXF (Invesco FTSE RAFI Developed Markets ex-U.S. ETF) are both exchange-traded funds - SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped Index, while PXF is a Foreign Large Cap Equities fund tracking the FTSE RAFI Developed Markets ex-U.S. Index. Both are passively managed. Over the past 10 years, SCHH returned 4.14%/yr vs 11.69%/yr for PXF. A 0.52 correlation means they provide meaningful diversification when combined. SCHH charges 0.07%/yr vs 0.45%/yr for PXF.

Performance

SCHH vs. PXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US REIT ETF (SCHH) and Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHH achieves a 12.43% return, which is significantly lower than PXF's 16.56% return. Over the past 10 years, SCHH has underperformed PXF with an annualized return of 4.14%, while PXF has yielded a comparatively higher 11.69% annualized return.

SCHH

• 1D: -1.35%
• 1M: -0.72%
• YTD: 12.43%
• 6M: 12.55%
• 1Y: 12.92%
• 3Y*: 9.97%
• 5Y*: 2.78%
• 10Y*: 4.14%

PXF

• 1D: 0.90%
• 1M: -0.60%
• YTD: 16.56%
• 6M: 20.08%
• 1Y: 38.53%
• 3Y*: 23.53%
• 5Y*: 12.81%
• 10Y*: 11.69%

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

SCHH vs. PXF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHH Schwab US REIT ETF	12.43%	2.20%	4.99%	11.18%	-24.99%	41.07%	-14.81%	22.85%	-4.26%	3.68%
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF	16.56%	42.51%	4.54%	18.46%	-9.09%	15.93%	2.58%	17.50%	-14.84%	24.52%

Correlation

The correlation between SCHH and PXF is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jan 14, 2011	0.52

The correlation between SCHH and PXF shifts across timeframes, from 0.44 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.

SCHH vs. PXF - Sectors Allocation Comparison

Sectors	SCHH	PXF
Real Estate	98.5%	1.8%
Basic Materials	1.3%	10.1%
Financial Services	0.2%	19.7%
Communication Services	-	4.3%
Consumer Cyclical	-	10.2%
Consumer Defensive	-	6.1%
Energy	-	10.6%
Healthcare	-	7.2%
Industrials	-	15.1%
Technology	-	11.4%
Utilities	-	3.6%

Return for Risk

SCHH vs. PXF — Risk / Return Rank

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

SCHH

SCHH Risk / Return Rank: 31
SCHH Sharpe Ratio Rank: 29
SCHH Sortino Ratio Rank: 28
SCHH Omega Ratio Rank: 28
SCHH Calmar Ratio Rank: 35
SCHH Martin Ratio Rank: 35

PXF

PXF Risk / Return Rank: 80
PXF Sharpe Ratio Rank: 84
PXF Sortino Ratio Rank: 80
PXF Omega Ratio Rank: 82
PXF Calmar Ratio Rank: 77
PXF Martin Ratio Rank: 78

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. PXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF). 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.

	SCHH	PXF	Difference
Sharpe ratio: Return per unit of total volatility	0.97	2.46	-1.48
Sortino ratio: Return per unit of downside risk	1.39	3.19	-1.81
Omega ratio: Gain probability vs. loss probability	1.17	1.45	-0.27
Calmar ratio: Return relative to maximum drawdown	1.57	3.55	-1.98
Martin ratio: Return relative to average drawdown	4.92	13.49	-8.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHH vs. PXF - Sharpe Ratio Comparison

The current SCHH Sharpe Ratio is 0.97, which is lower than the PXF Sharpe Ratio of 2.46. The chart below compares the historical Sharpe Ratios of SCHH and PXF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SCHH	PXF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	2.46	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.78	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.65	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.23	+0.11

Drawdowns

SCHH vs. PXF - Drawdown Comparison

The maximum SCHH drawdown since its inception was -44.22%, smaller than the maximum PXF drawdown of -64.74%. Use the drawdown chart below to compare losses from any high point for SCHH and PXF.

Drawdown Indicators

	SCHH	PXF	Difference
Max Drawdown Largest peak-to-trough decline	-44.22%	-64.74%	+20.52%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-10.91%	+2.63%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	-14.06%	-3.70%
Max Drawdown (5Y) Largest decline over 5 years	-33.28%	-26.82%	-6.46%
Max Drawdown (10Y) Largest decline over 10 years	-44.22%	-41.59%	-2.63%
Current Drawdown Current decline from peak	-2.01%	-3.88%	+1.87%
Average Drawdown Average peak-to-trough decline	-9.45%	-15.26%	+5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.86%	-0.23%

Volatility

SCHH vs. PXF - Volatility Comparison

The current volatility for Schwab US REIT ETF (SCHH) is 4.21%, while Invesco FTSE RAFI Developed Markets ex-U.S. ETF (PXF) has a volatility of 6.06%. This indicates that SCHH experiences smaller price fluctuations and is considered to be less risky than PXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHH	PXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	6.06%	-1.85%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	13.53%	-3.78%
Volatility (1Y) Calculated over the trailing 1-year period	13.39%	15.80%	-2.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	16.54%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.98%	18.07%	+2.91%

SCHH vs. PXF - Expense Ratio Comparison

SCHH has a 0.07% expense ratio, which is lower than PXF's 0.45% expense ratio.

Dividends

SCHH vs. PXF - Dividend Comparison

SCHH's dividend yield for the trailing twelve months is around 2.79%, less than PXF's 3.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF	3.18%	3.64%	3.48%	3.55%	3.58%	3.74%	2.11%	3.50%	3.38%	2.78%	3.21%	3.10%
SCHH Schwab US REIT ETF	2.79%	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 PXF in my portfolio?

SCHH and PXF have a correlation of 0.44, 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 PXF?

PXF has higher volatility (6.06%) compared to SCHH (4.21%). In terms of maximum drawdown, SCHH dropped -44.22% vs PXF's -64.74%.

Which ETF is better, SCHH or PXF?

On 10-year performance, PXF leads with 11.69% vs 4.14% for SCHH. On fees, SCHH is cheaper at 0.07% per year. On volatility, SCHH has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHH or PXF?

Over the 10-year period, PXF has performed better with a 11.69% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHH or PXF?

SCHH is cheaper with a 0.07% expense ratio, compared with 0.45% for PXF.

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

PXF has the higher dividend yield at 3.18%, compared with 2.79% for SCHH.

What is the main difference between SCHH and PXF?

SCHH is categorized as REIT, while PXF is Foreign Large Cap Equities. SCHH tracks Dow Jones Equity All REIT Capped Index, while PXF tracks FTSE RAFI Developed Markets ex-U.S. Index. They also come from different issuers: Charles Schwab and Invesco. Their fees differ too: 0.07% for SCHH and 0.45% for PXF.

Which has better risk-adjusted returns?

PXF currently has the higher Sharpe Ratio (2.46 vs 0.97), 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.