SCHH vs. SCHE
SCHH (Schwab US REIT ETF) and SCHE (Schwab Emerging Markets Equity ETF) are both exchange-traded funds - SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped Index, while SCHE is a Emerging Markets Equities fund tracking the FTSE Emerging Index. Both are passively managed. Over the past 10 years, SCHH returned 4.31%/yr vs 8.98%/yr for SCHE. At a 0.43 correlation, their price movements are largely independent. SCHH charges 0.07%/yr vs 0.11%/yr for SCHE.
Performance
SCHH vs. SCHE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHH achieves a 15.79% return, which is significantly higher than SCHE's 8.99% return. Over the past 10 years, SCHH has underperformed SCHE with an annualized return of 4.31%, while SCHE has yielded a comparatively higher 8.98% annualized return.
SCHH
- 1D
- 0.25%
- 1M
- 0.92%
- YTD
- 15.79%
- 6M
- 15.57%
- 1Y
- 17.26%
- 3Y*
- 11.36%
- 5Y*
- 3.59%
- 10Y*
- 4.31%
SCHE
- 1D
- -0.36%
- 1M
- -2.08%
- YTD
- 8.99%
- 6M
- 9.22%
- 1Y
- 22.53%
- 3Y*
- 17.06%
- 5Y*
- 4.52%
- 10Y*
- 8.98%
SCHH vs. SCHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHH Schwab US REIT ETF | 15.79% | 2.20% | 4.99% | 11.18% | -24.99% | 41.07% | -14.81% | 22.85% | -4.26% | 3.68% |
SCHE Schwab Emerging Markets Equity ETF | 8.99% | 26.54% | 10.60% | 8.93% | -17.84% | -0.65% | 14.49% | 20.31% | -13.57% | 32.70% |
Correlation
The correlation between SCHH and SCHE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.43 |
The correlation between SCHH and SCHE shifts across timeframes, from 0.24 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCHH vs. SCHE — Risk / Return Rank
SCHH
SCHE
SCHH vs. SCHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and Schwab Emerging Markets Equity ETF (SCHE). 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 | SCHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.00 | +0.09 |
| Martin ratioReturn relative to average drawdown | 6.60 | 7.01 | -0.41 |
Loading charts...
Drawdowns
SCHH vs. SCHE - Drawdown Comparison
The maximum SCHH drawdown since its inception was -44.22%, which is greater than SCHE's maximum drawdown of -36.20%. Use the drawdown chart below to compare losses from any high point for SCHH and SCHE.
Loading charts...
Drawdown Indicators
| SCHH | SCHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.22% | -36.20% | -8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -11.29% | +3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.76% | -17.08% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -33.31% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -44.22% | -36.20% | -8.02% |
Current DrawdownCurrent decline from peak | -0.46% | -4.15% | +3.69% |
Average DrawdownAverage peak-to-trough decline | -9.42% | -12.56% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 3.22% | -0.60% |
Volatility
SCHH vs. SCHE - Volatility Comparison
The current volatility for Schwab US REIT ETF (SCHH) is 5.34%, while Schwab Emerging Markets Equity ETF (SCHE) has a volatility of 7.30%. This indicates that SCHH experiences smaller price fluctuations and is considered to be less risky than SCHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SCHH | SCHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 7.30% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 10.40% | 15.01% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 17.22% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.76% | 17.89% | +0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.01% | 19.44% | +1.57% |
SCHH vs. SCHE - Expense Ratio Comparison
SCHH has a 0.07% expense ratio, which is lower than SCHE's 0.11% expense ratio. Despite the difference, 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. SCHE - Dividend Comparison
SCHH's dividend yield for the trailing twelve months is around 2.76%, more than SCHE's 2.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHE Schwab Emerging Markets Equity ETF | 2.67% | 2.88% | 3.03% | 3.83% | 2.88% | 2.86% | 2.09% | 3.27% | 2.64% | 2.31% | 2.27% | 2.50% |
SCHH Schwab US REIT ETF | 2.76% | 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 SCHE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHE has higher volatility (7.30%) compared to SCHH (5.34%). In terms of maximum drawdown, SCHH dropped -44.22% vs SCHE's -36.20%.
On 10-year performance, SCHE leads with 8.98% vs 4.31% for SCHH. On fees, SCHH is cheaper at 0.07% per year. On volatility, SCHH has been the lower-risk option at 5.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHE has performed better with a 8.98% return vs 4.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHH is cheaper with a 0.07% expense ratio, compared with 0.11% for SCHE.
SCHH has the higher dividend yield at 2.76%, compared with 2.67% for SCHE.
SCHH is categorized as REIT, while SCHE is Emerging Markets Equities. SCHH tracks Dow Jones Equity All REIT Capped Index, while SCHE tracks FTSE Emerging Index. Their fees differ too: 0.07% for SCHH and 0.11% for SCHE.
SCHE currently has the higher Sharpe Ratio (1.31 vs 1.27), 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.
Find the right allocation for SCHH and SCHE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer