Category Review
Vanguard's property fund lost a first-half lead over stocks
Schwab U.S. REIT ETF
$22.37−0.06 (−0.25%)
- 0.07%
- $10.8B
- +10.9%
- 3.02%
- 7.4M sh
- $22.22
- low $20.63high $25.03
The ETF.net SCHH Grade
A
Score 82 out of 100
- 1 of 22
Score 82 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A93 out of 100Rank 1 of 22Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 16Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 12 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A77 out of 100Rank 4 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 9 of 22Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A78 out of 100Rank 3 of 22
Our read on SCHH
ALandlord exposure at a rounding-error price. SCHH owns the US equity REIT market, roughly 120 of them, for 0.07% a year, a fraction of what the typical real estate fund charges.
The fund seeks to track, before fees and expenses, an index of U.S. equity-classified real estate investment trusts.
Why people hold it
- 0.07% a year undercuts every major broad REIT rival: VNQ at 0.13%, USRT, FREL and XLRE at 0.08%, against a 0.37% category median.
- Straight-up landlords. The index covers US equity-classified REITs, the companies that own and rent property, not the wider real estate services trade.schwabassetmanagement.com
- It hugs its index about as closely as anything in the broad US REIT group, one of the strongest implementations among its peers.
- A multi-billion-dollar fund that trades heavily, which keeps spreads tight for retail-size orders and has done since its 2011 launch.
Worth knowing
- One sector, about 120 names. It moves with property markets and interest rates, not the broad market, so the ride is bumpier than a total-market fund.
- Income arrives quarterly, not monthly, which matters if you budget off distributions.
- US only, and equity REITs only: no overseas property and no mortgage REITs in the mix.schwabassetmanagement.com
SCHH Holdings
- Stocks
- 121
- 52%
- WELL
Sectors
- Real Estate100.0%
Geography
- United States100.00%
SCHH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SCHH$11,093
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SCHH |
|---|---|
| Year to date | +9.6% |
| 1 month | −2.6% |
| 3 months | −5.4% |
| 1 year | +10.9% |
| 3 years | +11.5% |
| 5 years | +2.1% |
| 10 years | +3.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SCHH |
|---|---|---|
| 2026 YTD | +9.6% | |
| 2025 | +2.2% | |
| 2024 | +5.0% | |
| 2023 | +11.2% | |
| 2022 | −25.0% | |
| 2021 | +41.1% | |
| 2020 | −15.0% |
SCHH in the news
SCHH Dividends
- 3.02%
- $0.68
- $0.17 per share
- Quarterly
Distribution history
SCHH Risk
- 16.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.44
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −33.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SCHH Cost
0.07%
SCHH0.07%
- The middle half of US Real Estate funds
- Median 0.35%
No US Real Estate fund charges less.
Other funds in US Real Estate
- AFRELFidelity MSCI Real Estate Index ETFExpense ratio 0.08%1 year return +6.9%
- AUSRTiShares Core U.S. REIT ETFExpense ratio 0.08%1 year return +12.8%
- AXLREState Street Real Estate Select Sector SPDR ETFExpense ratio 0.08%1 year return +6.7%
- ADFARDFA Real Estate Securities Portfolio ETF Class SharesExpense ratio 0.22%1 year return +10.8%
- AVNQVanguard Real Estate ETFExpense ratio 0.13%1 year return +7.6%