SCHH vs. SCHD
SCHH (Schwab US REIT ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped Index, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, SCHH returned 4.23%/yr vs 12.62%/yr for SCHD. A 0.62 correlation means they provide meaningful diversification when combined. SCHH charges 0.07%/yr vs 0.06%/yr for SCHD.
Performance
SCHH vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, SCHH achieves a 14.69% return, which is significantly lower than SCHD's 16.62% return. Over the past 10 years, SCHH has underperformed SCHD with an annualized return of 4.23%, while SCHD has yielded a comparatively higher 12.62% annualized return.
SCHH
- 1D
- -0.63%
- 1M
- 0.59%
- YTD
- 14.69%
- 6M
- 14.47%
- 1Y
- 13.39%
- 3Y*
- 11.85%
- 5Y*
- 3.39%
- 10Y*
- 4.23%
SCHD
- 1D
- -0.94%
- 1M
- -3.38%
- YTD
- 16.62%
- 6M
- 15.65%
- 1Y
- 23.21%
- 3Y*
- 14.25%
- 5Y*
- 8.36%
- 10Y*
- 12.62%
SCHH vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHH Schwab US REIT ETF | 14.69% | 2.20% | 4.99% | 11.18% | -24.99% | 41.07% | -14.81% | 22.85% | -4.26% | 3.68% |
SCHD Schwab U.S. Dividend Equity ETF | 16.62% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Correlation
The correlation between SCHH and SCHD is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 20, 2011 | 0.62 |
The correlation between SCHH and SCHD shifts across timeframes, from 0.59 (1 year) to 0.70 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHH vs. SCHD — Risk / Return Rank
SCHH
SCHD
SCHH vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and Schwab U.S. Dividend Equity ETF (SCHD). 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 | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.62 | 5.05 | -3.43 |
| Martin ratioReturn relative to average drawdown | 5.12 | 12.16 | -7.04 |
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Drawdowns
SCHH vs. SCHD - Drawdown Comparison
The maximum SCHH drawdown since its inception was -44.22%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for SCHH and SCHD.
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Drawdown Indicators
| SCHH | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.22% | -33.37% | -10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -4.61% | -3.67% |
Max Drawdown (3Y)Largest decline over 3 years | -17.76% | -16.13% | -1.63% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -16.85% | -16.43% |
Max Drawdown (10Y)Largest decline over 10 years | -44.22% | -33.37% | -10.85% |
Current DrawdownCurrent decline from peak | -1.41% | -3.38% | +1.97% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -3.31% | -6.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 1.92% | +0.73% |
Volatility
SCHH vs. SCHD - Volatility Comparison
Schwab US REIT ETF (SCHH) has a higher volatility of 5.41% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 3.13%. This indicates that SCHH's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHH | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 3.13% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 7.80% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 11.12% | +2.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.77% | 14.36% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 16.71% | +4.30% |
SCHH vs. SCHD - Expense Ratio Comparison
SCHH has a 0.07% expense ratio, which is higher than SCHD's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCHH vs. SCHD - Dividend Comparison
SCHH's dividend yield for the trailing twelve months is around 2.73%, less than SCHD's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 3.33% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
SCHH Schwab US REIT ETF | 2.73% | 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 SCHD have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHH has higher volatility (5.41%) compared to SCHD (3.13%). In terms of maximum drawdown, SCHH dropped -44.22% vs SCHD's -33.37%.
On 10-year performance, SCHD leads with 12.62% vs 4.23% for SCHH. On fees, SCHD is cheaper at 0.06% per year. On volatility, SCHD has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHD has performed better with a 12.62% return vs 4.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.07% for SCHH.
SCHD has the higher dividend yield at 3.33%, compared with 2.73% for SCHH.
SCHH is categorized as REIT, while SCHD is Dividend. SCHH tracks Dow Jones Equity All REIT Capped Index, while SCHD tracks Dow Jones U.S. Dividend 100 Index. Their fees differ too: 0.07% for SCHH and 0.06% for SCHD.
SCHD currently has the higher Sharpe Ratio (2.10 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.
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