VNQI vs. SCHH
VNQI (Vanguard Global ex-U.S. Real Estate ETF) and SCHH (Schwab US REIT ETF) are both REIT funds - VNQI tracks the S&P Global ex-U.S. Property Index while SCHH tracks the Dow Jones Equity All REIT Capped Index. Both are passively managed. Over the past 10 years, VNQI returned 2.85%/yr vs 4.31%/yr for SCHH. A 0.58 correlation means they provide meaningful diversification when combined. VNQI charges 0.12%/yr vs 0.07%/yr for SCHH.
Performance
VNQI vs. SCHH - Performance Comparison
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Returns By Period
In the year-to-date period, VNQI achieves a -2.25% return, which is significantly lower than SCHH's 15.79% return. Over the past 10 years, VNQI has underperformed SCHH with an annualized return of 2.85%, while SCHH has yielded a comparatively higher 4.31% annualized return.
VNQI
- 1D
- 0.40%
- 1M
- -2.54%
- YTD
- -2.25%
- 6M
- -2.69%
- 1Y
- 2.98%
- 3Y*
- 9.02%
- 5Y*
- -1.45%
- 10Y*
- 2.85%
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%
VNQI vs. SCHH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | -2.25% | 21.38% | -2.22% | 6.99% | -22.94% | 5.93% | -7.22% | 21.59% | -9.44% | 26.91% |
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% |
Correlation
The correlation between VNQI and SCHH is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2011 | 0.58 |
The correlation between VNQI and SCHH has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
VNQI vs. SCHH — Risk / Return Rank
VNQI
SCHH
VNQI vs. SCHH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate ETF (VNQI) and Schwab US REIT ETF (SCHH). 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.
| VNQI | SCHH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.23 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.20 | 2.09 | -1.89 |
| Martin ratioReturn relative to average drawdown | 0.54 | 6.60 | -6.07 |
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Drawdowns
VNQI vs. SCHH - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, smaller than the maximum SCHH drawdown of -44.22%. Use the drawdown chart below to compare losses from any high point for VNQI and SCHH.
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Drawdown Indicators
| VNQI | SCHH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -44.22% | +5.87% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -8.28% | -6.50% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -17.76% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -34.92% | -33.28% | -1.64% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | -44.22% | +5.87% |
Current DrawdownCurrent decline from peak | -11.72% | -0.46% | -11.26% |
Average DrawdownAverage peak-to-trough decline | -10.89% | -9.42% | -1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 2.62% | +2.96% |
Volatility
VNQI vs. SCHH - Volatility Comparison
The current volatility for Vanguard Global ex-U.S. Real Estate ETF (VNQI) is 4.43%, while Schwab US REIT ETF (SCHH) has a volatility of 5.34%. This indicates that VNQI experiences smaller price fluctuations and is considered to be less risky than SCHH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNQI | SCHH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.43% | 5.34% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 11.95% | 10.40% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 13.82% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.55% | 18.76% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.95% | 21.01% | -5.06% |
VNQI vs. SCHH - Expense Ratio Comparison
VNQI has a 0.12% expense ratio, which is higher than SCHH's 0.07% 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
VNQI vs. SCHH - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 4.81%, more than SCHH's 2.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.81% | 4.70% | 5.16% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% |
Frequently Asked Questions
VNQI and SCHH have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHH has higher volatility (5.34%) compared to VNQI (4.43%). In terms of maximum drawdown, VNQI dropped -38.35% vs SCHH's -44.22%.
On 10-year performance, SCHH leads with 4.31% vs 2.85% for VNQI. On fees, SCHH is cheaper at 0.07% per year. On volatility, VNQI has been the lower-risk option at 4.43%. 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 4.31% return vs 2.85%. 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 0.12% for VNQI.
VNQI has the higher dividend yield at 4.81%, compared with 2.76% for SCHH.
VNQI tracks S&P Global ex-U.S. Property Index, while SCHH tracks Dow Jones Equity All REIT Capped Index. They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.12% for VNQI and 0.07% for SCHH.
SCHH currently has the higher Sharpe Ratio (1.27 vs 0.22), 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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