RIET vs SCHH

RIETCHoya Capital High Dividend Yield ETF

SCHHASchwab U.S. REIT ETF

In short

RIET Real estate, sorted by the paycheck. RIET tracks Hoya Capital's own high dividend yield index, roughly 100 US real estate names, and distributes monthly. Trading since 2021.

SCHH Landlord 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.

Stated mandate

RIET The Fund seeks to track, before fees and expenses, the performance of the Hoya Capital High Dividend Yield Index.

SCHH The fund seeks to track, before fees and expenses, an index of U.S. equity-classified real estate investment trusts.

Why people hold it

• RIET The index screens on dividend yield rather than company size, so the basket is built around payout first. A genuinely different starting point in a corner full of cap-weighted trackers.
• Distributions arrive monthly, so income shows up on a bill-paying rhythm instead of in quarterly lumps.
• Roughly 100 holdings spread the risk, so one landlord's bad quarter does not steer the whole fund. The portfolio also stays tightly aligned with the index it promises to follow.

• SCHH 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

• RIET At 0.50% a year, it costs more than the typical US real estate ETF and several times what cap-weighted staples charge: SCHH at 0.07%, VNQ at 0.13%.
• Assets and trading volume are modest next to the category's giants, which tends to mean wider bid-ask spreads on the way in and out.
• Launched in 2021, so the track record does not yet cover a full rate-and-property cycle. Among the two dozen broad US real estate funds we track, it sits in the lower half overall.

• SCHH 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

Full RIET profile⁠

Full SCHH profile⁠