SCHH vs. USRT

Last updated Jun 5, 2026

SCHH (Schwab US REIT ETF) and USRT (iShares Core U.S. REIT ETF) are both REIT funds - SCHH tracks the Dow Jones Equity All REIT Capped Index while USRT tracks the FTSE NAREIT Equity REITs Index. Both are passively managed. Over the past 10 years, SCHH returned 4.28%/yr vs 6.40%/yr for USRT. With a 0.97 correlation, they move nearly in lockstep. SCHH charges 0.07%/yr vs 0.08%/yr for USRT.

Performance

SCHH vs. USRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab US REIT ETF (SCHH) and iShares Core U.S. REIT ETF (USRT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SCHH achieves a 12.96% return, which is significantly lower than USRT's 14.10% return. Over the past 10 years, SCHH has underperformed USRT with an annualized return of 4.28%, while USRT has yielded a comparatively higher 6.40% annualized return.

SCHH

• 1D: 1.69%
• 1M: 0.69%
• YTD: 12.96%
• 6M: 12.23%
• 1Y: 13.99%
• 3Y*: 10.72%
• 5Y*: 3.30%
• 10Y*: 4.28%

USRT

• 1D: 1.35%
• 1M: 0.62%
• YTD: 14.10%
• 6M: 13.30%
• 1Y: 16.73%
• 3Y*: 12.24%
• 5Y*: 5.01%
• 10Y*: 6.40%

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

SCHH vs. USRT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SCHH Schwab US REIT ETF	12.96%	2.20%	4.99%	11.18%	-24.99%	41.07%	-14.81%	22.85%	-4.26%	3.68%
USRT iShares Core U.S. REIT ETF	14.10%	2.44%	8.58%	13.64%	-24.43%	43.26%	-8.06%	25.98%	-4.67%	5.27%

Correlation

The correlation between SCHH and USRT is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.98
Correlation (All Time) Calculated using the full available price history since Jan 14, 2011	0.97

The correlation between SCHH and USRT has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

SCHH vs. USRT - Sectors Allocation Comparison

Sectors	SCHH	USRT
Real Estate	98.7%	99.4%
Basic Materials	1.2%	-
Financial Services	0.1%	0.1%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SCHH vs. USRT — Risk / Return Rank

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

SCHH

SCHH Risk / Return Rank: 32
SCHH Sharpe Ratio Rank: 30
SCHH Sortino Ratio Rank: 29
SCHH Omega Ratio Rank: 29
SCHH Calmar Ratio Rank: 35
SCHH Martin Ratio Rank: 35

USRT

USRT Risk / Return Rank: 38
USRT Sharpe Ratio Rank: 36
USRT Sortino Ratio Rank: 34
USRT Omega Ratio Rank: 34
USRT Calmar Ratio Rank: 43
USRT Martin Ratio Rank: 42

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. USRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab US REIT ETF (SCHH) and iShares Core U.S. REIT ETF (USRT). 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	USRT	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.26	-0.20
Sortino ratio: Return per unit of downside risk	1.50	1.76	-0.26
Omega ratio: Gain probability vs. loss probability	1.19	1.22	-0.03
Calmar ratio: Return relative to maximum drawdown	1.70	2.09	-0.39
Martin ratio: Return relative to average drawdown	5.34	6.73	-1.39
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. USRT - Sharpe Ratio Comparison

The current SCHH Sharpe Ratio is 1.06, which is comparable to the USRT Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of SCHH and USRT, 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	USRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.06	1.26	-0.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	0.27	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.30	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.19	+0.16

Drawdowns

SCHH vs. USRT - Drawdown Comparison

The maximum SCHH drawdown since its inception was -44.22%, smaller than the maximum USRT drawdown of -69.91%. Use the drawdown chart below to compare losses from any high point for SCHH and USRT.

Drawdown Indicators

	SCHH	USRT	Difference
Max Drawdown Largest peak-to-trough decline	-44.22%	-69.91%	+25.69%
Max Drawdown (1Y) Largest decline over 1 year	-8.28%	-8.04%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-17.76%	-18.70%	+0.94%
Max Drawdown (5Y) Largest decline over 5 years	-33.28%	-31.03%	-2.25%
Max Drawdown (10Y) Largest decline over 10 years	-44.22%	-44.38%	+0.16%
Current Drawdown Current decline from peak	-1.55%	-1.70%	+0.15%
Average Drawdown Average peak-to-trough decline	-9.45%	-12.97%	+3.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	2.49%	+0.14%

Volatility

SCHH vs. USRT - Volatility Comparison

Schwab US REIT ETF (SCHH) and iShares Core U.S. REIT ETF (USRT) have volatilities of 4.17% and 4.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCHH	USRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	4.12%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	9.33%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	13.33%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	18.90%	-0.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	21.28%	-0.31%

SCHH vs. USRT - Expense Ratio Comparison

SCHH has a 0.07% expense ratio, which is lower than USRT's 0.08% 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. USRT - Dividend Comparison

SCHH's dividend yield for the trailing twelve months is around 2.77%, more than USRT's 2.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHH Schwab US REIT ETF	2.77%	3.04%	3.22%	3.24%	2.55%	1.50%	2.86%	2.86%	3.64%	2.22%	2.81%	2.48%
USRT iShares Core U.S. REIT ETF	2.64%	3.07%	2.85%	3.18%	3.46%	2.27%	3.12%	3.34%	5.66%	3.44%	3.98%	3.59%

Frequently Asked Questions

Can I hold both SCHH and USRT in my portfolio?

With a correlation of 0.97, SCHH and USRT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SCHH or USRT?

SCHH has higher volatility (4.17%) compared to USRT (4.12%). In terms of maximum drawdown, SCHH dropped -44.22% vs USRT's -69.91%.

Which ETF is better, SCHH or USRT?

On 10-year performance, USRT leads with 6.40% vs 4.28% for SCHH. On fees, SCHH is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SCHH or USRT?

Over the 10-year period, USRT has performed better with a 6.40% return vs 4.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SCHH or USRT?

SCHH is cheaper with a 0.07% expense ratio, compared with 0.08% for USRT.

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

SCHH has the higher dividend yield at 2.77%, compared with 2.64% for USRT.

What is the main difference between SCHH and USRT?

SCHH tracks Dow Jones Equity All REIT Capped Index, while USRT tracks FTSE NAREIT Equity REITs Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.07% for SCHH and 0.08% for USRT.

Which has better risk-adjusted returns?

USRT currently has the higher Sharpe Ratio (1.26 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.