RSPR vs SCHH

RSPRCInvesco S&P 500 Equal Weight Real Estate ETF

SCHHASchwab U.S. REIT ETF

In short

RSPR The S&P 500's real estate sector, sliced into equal servings: roughly 30 landlords each get the same target weight, so no single tower or warehouse empire runs the fund. Invesco's equal-weight take, live since 2015.

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

RSPR The Fund seeks to track, before fees and expenses, the investment results of the S&P 500® Equal Weight Real Estate 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

• RSPR Cap-weighted real estate funds lean hard on a handful of giants. Here every holding gets the same target slot, so storage, mall and healthcare landlords count as much as data centers.
• Running since 2015 as part of Invesco's equal-weight sector lineup, and it has tracked its index closely rather than drifting.
• Pays on a quarterly schedule, funded by income from S&P 500 real estate companies.

• 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

• RSPR You pay up for the equal-weight tilt: 0.40% a year, against 0.08% for XLRE and 0.07% for SCHH on the cap-weighted side.
• A smaller, lightly traded fund next to the sector's household names, so spreads can run wider. That bites most on large or hurried orders.
• Roughly 30 companies from one rate-sensitive sector, so individual landlords and sector-wide swings land harder here than in a broad market fund.

• 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 RSPR profile⁠

Full SCHH profile⁠