SCHH vs TSRS

SCHHASchwab U.S. REIT ETF

TSRSFTruth Social American Red State REITs ETF

In short

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.

TSRS Most REIT funds sort landlords by property type. This one sorts by politics, tracking a MarketVector index built on a red-state theme. Plain passive plumbing wrapped around a very unplain idea.

Stated mandate

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

TSRS The Fund seeks to deliver returns that generally correspond to the price and yield performance of the MarketVectorTM–iREIT® Red State REITs Index.

Why people hold it

• 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.

• TSRS The idea is the product: a rules-based index of US real estate stocks built on a red-state theme, delivered in one ticket instead of assembled name by name.
• Boring machinery under a loud label: a registered 1940 Act fund that replicates a published index rather than following a manager's hunches.
• Exposure stays home and stays simple. US equity real estate, tracking an index measured on price and yield, not foreign property or mortgage paper.

Worth knowing

• 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

• TSRS At 0.65% a year, the fee sits well above the real estate category median, and the broad heavyweights (SCHH, VNQ, USRT) charge a small fraction of it.
• Small and thinly traded, with a track record that only starts at the end of 2025. Wider spreads come with that territory, so limit orders earn their keep.
• The political screen narrows the field, so results can drift from the broad US REIT market in either direction. Payouts have come irregularly, not on a set calendar.

Full SCHH profile⁠

Full TSRS profile⁠