SCHH vs. SCHR
SCHH (Schwab US REIT ETF) and SCHR (Schwab Intermediate-Term U.S. Treasury ETF) are both exchange-traded funds - SCHH is a REIT fund tracking the Dow Jones Equity All REIT Capped Index, while SCHR is a Government Bonds fund tracking the Bloomberg US Treasury 3-10 Year Index. Both are passively managed. Over the past 10 years, SCHH returned 4.27%/yr vs 1.19%/yr for SCHR. At a 0.06 correlation, their price movements are largely independent. SCHH charges 0.07%/yr vs 0.05%/yr for SCHR.
Performance
SCHH vs. SCHR - Performance Comparison
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Returns By Period
In the year-to-date period, SCHH achieves a 15.41% return, which is significantly higher than SCHR's -0.15% return. Over the past 10 years, SCHH has outperformed SCHR with an annualized return of 4.27%, while SCHR has yielded a comparatively lower 1.19% annualized return.
SCHH
- 1D
- -0.79%
- 1M
- 4.40%
- YTD
- 15.41%
- 6M
- 14.70%
- 1Y
- 16.14%
- 3Y*
- 10.35%
- 5Y*
- 3.54%
- 10Y*
- 4.27%
SCHR
- 1D
- 0.12%
- 1M
- 0.78%
- YTD
- -0.15%
- 6M
- 0.05%
- 1Y
- 3.55%
- 3Y*
- 3.66%
- 5Y*
- 0.18%
- 10Y*
- 1.19%
SCHH vs. SCHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHH Schwab US REIT ETF | 15.41% | 2.20% | 4.99% | 11.18% | -24.99% | 41.07% | -14.81% | 22.85% | -4.26% | 3.68% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | -0.15% | 7.33% | 1.42% | 4.27% | -10.58% | -2.62% | 7.72% | 6.18% | 1.46% | 1.59% |
Correlation
The correlation between SCHH and SCHR is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.06 |
Over the past year, SCHH and SCHR have become more correlated (0.37) than their long-term average of 0.06, meaning their price movements have been converging.
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Return for Risk
SCHH vs. SCHR — Risk / Return Rank
SCHH
SCHR
SCHH vs. SCHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). 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 | SCHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.27 | +0.68 |
| Martin ratioReturn relative to average drawdown | 6.16 | 3.56 | +2.60 |
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Drawdowns
SCHH vs. SCHR - Drawdown Comparison
The maximum SCHH drawdown since its inception was -44.22%, which is greater than SCHR's maximum drawdown of -16.11%. Use the drawdown chart below to compare losses from any high point for SCHH and SCHR.
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Drawdown Indicators
| SCHH | SCHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.22% | -16.11% | -28.11% |
Max Drawdown (1Y)Largest decline over 1 year | -8.28% | -2.79% | -5.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.76% | -4.35% | -13.41% |
Max Drawdown (5Y)Largest decline over 5 years | -33.28% | -15.07% | -18.21% |
Max Drawdown (10Y)Largest decline over 10 years | -44.22% | -16.11% | -28.11% |
Current DrawdownCurrent decline from peak | -0.79% | -2.09% | +1.30% |
Average DrawdownAverage peak-to-trough decline | -9.43% | -3.64% | -5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.00% | +1.63% |
Volatility
SCHH vs. SCHR - Volatility Comparison
Schwab US REIT ETF (SCHH) has a higher volatility of 4.90% compared to Schwab Intermediate-Term U.S. Treasury ETF (SCHR) at 1.11%. This indicates that SCHH's price experiences larger fluctuations and is considered to be riskier than SCHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHH | SCHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.90% | 1.11% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.02% | 2.41% | +7.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 3.38% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 5.38% | +13.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 4.47% | +16.52% |
SCHH vs. SCHR - Expense Ratio Comparison
SCHH has a 0.07% expense ratio, which is higher than SCHR's 0.05% 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. SCHR - Dividend Comparison
SCHH's dividend yield for the trailing twelve months is around 2.72%, less than SCHR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHH Schwab US REIT ETF | 2.72% | 3.04% | 3.22% | 3.24% | 2.55% | 1.50% | 2.86% | 2.86% | 3.64% | 2.22% | 2.81% | 2.48% |
SCHR Schwab Intermediate-Term U.S. Treasury ETF | 3.91% | 3.85% | 3.77% | 3.16% | 2.02% | 1.00% | 1.62% | 2.31% | 2.11% | 1.65% | 1.45% | 1.56% |
Frequently Asked Questions
SCHH and SCHR have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHH has higher volatility (4.90%) compared to SCHR (1.11%). In terms of maximum drawdown, SCHH dropped -44.22% vs SCHR's -16.11%.
On 10-year performance, SCHH leads with 4.27% vs 1.19% for SCHR. On fees, SCHR is cheaper at 0.05% per year. On volatility, SCHR has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHH has performed better with a 4.27% return vs 1.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHR is cheaper with a 0.05% expense ratio, compared with 0.07% for SCHH.
SCHR has the higher dividend yield at 3.91%, compared with 2.72% for SCHH.
SCHH is categorized as REIT, while SCHR is Government Bonds. SCHH tracks Dow Jones Equity All REIT Capped Index, while SCHR tracks Bloomberg US Treasury 3-10 Year Index. Their fees differ too: 0.07% for SCHH and 0.05% for SCHR.
SCHH currently has the higher Sharpe Ratio (1.20 vs 1.06), 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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