SCHH vs USRT: Grades, Fees and Holdings Compared

Schwab U.S. REIT ETF

SCHHANYSE Arca

iShares Core U.S. REIT ETF

USRTANYSE Arca

Overlap

86.8%by weight

Expense ratio

SCHH −0.01pt a year

SCHH0.07%USRT0.08%

Avg volume · 30D

SCHH 9.7×the volume

SCHH7.63MUSRT787K

10Y return · a year

USRT +2.2pt

SCHH+4.3%USRT+6.5%

SCHH vs USRT Performance

Oct 29, 2021 – Oct 30, 2026

+9.3%SCHH+17.7%USRT

Expense ratio: SCHH 0.07%, better; USRT 0.08%
Fund size: SCHH $11B; USRT $4.29B
1Y total return: SCHH +12.7%; USRT +13.9%, better
Yield (12M): SCHH 2.94%, better; USRT 2.75%
Holdings: SCHH 121; USRT 126
Avg volume (30D): SCHH 7.63M sh, better; USRT 787K sh
NAV per share: SCHH $23.06; USRT $63.78
52W range

ETF.net Grade

Pillar letters and Scores for SCHH, USRT, with each pillar’s weight
Pillar	SCHH	USRT
Cost30% weight	A93	A93
Mission25% weight	A100	A100
Risk15% weight	C52	B61Higher
Tradability15% weight	A78	A81Higher
Holdings10% weight	B68Higher	C53
Durability5% weight	A78	A78

Rank among US Real Estate funds

How we build Categories ›

Same Category. SCHH and USRT are both graded against the same 21 US Real Estate funds, so their Grades compare head to head.

US Real Estate⁠

Category · 21 funds

See all 21 ›

SCHH ranks 1st and USRT 1st of 21 funds in the US Real Estate Category.

Rank 1ASCHHSchwab U.S. REIT ETFScore 83
Rank 1AUSRTiShares Core U.S. REIT ETFScore 83
Rank 3AFRELFidelity MSCI Real Estate Index ETFScore 80

Our read on each fund

ETF.net Research

SCHHASchwab U.S. REIT ETF

USRTAiShares Core U.S. REIT 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.

USRT Cheap, plain-vanilla ownership of U.S. landlords: roughly 130 equity REITs for eight basis points, running since 2007. One of the least expensive doors into the real estate aisle.

Stated mandate

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

USRT The fund seeks to track an index composed of U.S. real estate equities.

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.

USRT 0.08% a year against a 0.37% median for U.S. real estate funds. Among the category's heavyweights, only SCHH (0.07%) is cheaper.
Tracks the FTSE Nareit Equity REITs 40 Act Capped Index with very little drift, one of the tightest index jobs in its peer group.ishares.com
Live since 2007, a multi-billion-dollar fund from iShares, holding about 130 REITs across the U.S. property market.ishares.com

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

USRT One sector, one country. Real estate swings with rates and property cycles, so expect a bumpier ride than a broad U.S. stock fund.
Actively traded, but the aisle's largest funds (VNQ, SCHH) turn over more shares. Worth watching the spread on chunky orders.
Income arrives quarterly, not monthly.ishares.com

Full SCHH profile⁠

Full USRT profile⁠

SCHH vs USRT Holdings

How SCHH and USRT differ

Overlap by weight

86.8%

Shared holdings make up 99.5% of USRT and 89.3% of SCHH.

Level by level

Asset classEquity, Real Estate0.0%
Sector11 Sectors0.0%
Holdings112 in both86.8%
Countryby domicile100%

Sector

Sector weights in SCHH and USRT, widest gap first
Sector	More in SCHHMore in USRT	SCHH	USRT
Real Estate	SCHH +100.0 points	100.0%	0.0%
Health Care REITs	USRT +21.2 points	0.0%	21.2%
Retail Reits	USRT +19.3 points	0.0%	19.3%
Industrial REITs	USRT +12.7 points	0.0%	12.7%
Data Center REITs	USRT +11.5 points	0.0%	11.5%
Multi-Family Residential REITs	USRT +9.9 points	0.0%	9.9%
Self Storage REITs	USRT +8.8 points	0.0%	8.8%
Single-Family Residential REITs	USRT +5.2 points	0.0%	5.2%
Hotel & Resort REITs	USRT +4.5 points	0.0%	4.5%
Office REITs	USRT +4.1 points	0.0%	4.1%
Diversified REIT's	USRT +2.7 points	0.0%	2.7%

Country, concentration and asset class

Country by domicile

Country weights in SCHH and USRT, widest gap first
Country	More in SCHHMore in USRT	SCHH	USRT
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

SCHH51.0%
USRT50.3%

Securities held

SCHH121
USRT123

Asset class

SCHH: Equity
USRT: Real Estate

Holdings

Only in SCHH9
In both112
Only in USRT11

Only in SCHH

9 securities, 10.7% of SCHH by weight

American Tower Reit4.92%
Crown Castle Inc2.71%
Sba Communications Reit Corp Class1.41%
Weyerhaeuser Reit1.02%
Rayonier Reit0.38%
Blackstone Digital Infrastructure0.11%
Ssc Government Mm Gvmxx0.08%
Fermi Inc0.06%
Us Dollar0.01%

Only in USRT

11 securities, 0.3% of USRT by weight

Chatham Lodging Trust Reit0.06%
Universal Health Realty Income Tru0.04%
Saul Centers Reit Inc0.03%
Frontview Reit0.03%
One Liberty Properties Reit Inc0.03%
Industrial Logistics Properties Tr0.03%
Alpine Income Property Trust Inc0.02%
Nexpoint Diversified Real Estate T0.01%
Net Lease Office Properties0.01%
Brt Apartments Corp0.01%
Braemar Hotels Resorts Inc<0.01%

Weight gaps

The 100 widest of 112 Holdings in both funds.

Holding weights in SCHH and USRT, widest gap first
Holding	More in SCHHMore in USRT	SCHH	USRT
Equinix ReitEQIX	USRT +1.47 points	4.65%	6.12%
Prologis ReitPLD	SCHH +1.37 points	8.30%	6.93%
WelltowerWELL	SCHH +0.90 points	9.93%	9.03%
Ventas ReitVTR	USRT +0.69 points	3.08%	3.77%
Vivmark ResidentialVMRK	USRT +0.67 points	3.19%	3.86%
Public Storage ReitPSA	USRT +0.65 points	3.82%	4.47%
Extra Space Storage ReitEXR	USRT +0.49 points	2.27%	2.76%
Iron Mountain IncIRM	USRT +0.47 points	2.53%	3.00%
Vici Pptys IncVICI	USRT +0.37 points	1.94%	2.31%
Invitation HomesINVH	USRT +0.34 points	1.03%	1.37%
Regency Centers Reit CorpREG	USRT +0.29 points	0.90%	1.19%
Udr ReitUDR	USRT +0.25 points	0.74%	0.99%
Essex Property Trust ReitESS	USRT +0.25 points	1.22%	1.47%
Kimco Realty Reit CorpKIM	USRT +0.23 points	1.18%	1.41%
Host Hotels & Resorts ReitHST	USRT +0.24 points	1.26%	1.50%
Omega Healthcare Investors ReitOHI	USRT +0.22 points	1.02%	1.24%
Cubesmart ReitCUBE	USRT +0.22 points	0.62%	0.84%
Healthpeak Properties IncDOC	USRT +0.21 points	0.94%	1.15%
Sun Communities Reit IncSUI	USRT +0.21 points	0.98%	1.19%
Digital Realty Trust ReitDLR	SCHH +0.20 points	4.55%	4.35%
W. P. Carey ReitWPC	USRT +0.20 points	1.06%	1.26%
American Homes Rent Reit Class AAMH	USRT +0.19 points	0.72%	0.91%
Mid America Apartment CommunitiesMAA	USRT +0.20 points	0.98%	1.18%
Federal Realty Investment Trust ReFRT	USRT +0.18 points	0.64%	0.82%
Lamar Advertising Company Class ALAMR	USRT +0.18 points	0.99%	1.17%
Equity Lifestyle Properties Reit IELS	USRT +0.17 points	0.82%	0.99%
Eastgroup Properties ReitEGP	USRT +0.15 points	0.77%	0.92%
Realty Income ReitO	USRT +0.15 points	3.88%	4.03%
BxpBXP	USRT +0.15 points	0.72%	0.87%
Alexandria Real Estate Equities ReARE	USRT +0.14 points	0.46%	0.60%
Rexford Industrial Realty ReitREXR	USRT +0.14 points	0.61%	0.75%
Camden Property Trust ReitCPT	USRT +0.13 points	0.73%	0.86%
Brixmor Property Group Reit IncBRX	USRT +0.13 points	0.64%	0.77%
Caretrust ReitCTRE	USRT +0.13 points	0.61%	0.74%
Gaming and Leisure Properties ReitGLPI	USRT +0.13 points	0.82%	0.95%
Vornado Realty Trust ReitVNO	USRT +0.12 points	0.41%	0.53%
Macerich ReitMAC	USRT +0.12 points	0.49%	0.61%
Agree Realty ReitADC	USRT +0.12 points	0.60%	0.72%
Ryman Hospitality Properties ReitRHP	USRT +0.11 points	0.66%	0.77%
Nnn ReitNNN	USRT +0.11 points	0.57%	0.68%
First Industrial Realty TrustFR	USRT +0.11 points	0.52%	0.63%
Stag Industrial ReitSTAG	USRT +0.09 points	0.52%	0.61%
Essential Properties Realty TrustEPRT	USRT +0.09 points	0.41%	0.50%
Healthcare Realty Trust Inc ClassHR	USRT +0.08 points	0.45%	0.53%
Terreno Realty ReitTRNO	USRT +0.09 points	0.51%	0.60%
Phillips Edison and CompanyPECO	USRT +0.07 points	0.36%	0.43%
Cousins Properties Reit IncCUZ	USRT +0.08 points	0.34%	0.42%
Kite Realty Group Trust ReitKRG	USRT +0.08 points	0.36%	0.44%
LineageLINE	USRT +0.07 points	0.15%	0.22%
Sabra Health Care ReitSBRA	USRT +0.07 points	0.36%	0.43%
TangerSKT	USRT +0.06 points	0.31%	0.37%
American Healthcare ReitAHR	USRT +0.06 points	0.83%	0.89%
Americold Realty Inc TrustCOLD	USRT +0.06 points	0.30%	0.36%
Kilroy Realty ReitKRC	USRT +0.06 points	0.30%	0.36%
Epr Properties ReitEPR	USRT +0.06 points	0.32%	0.38%
Sl Green Realty Reit CorpSLG	USRT +0.05 points	0.26%	0.31%
Highwoods Properties ReitHIW	USRT +0.05 points	0.24%	0.29%
Millrose Properties Inc Class AMRP	USRT +0.05 points	0.29%	0.34%
Copt Defense PropertiesCDP	USRT +0.05 points	0.28%	0.33%
Lxp Industrial TrustLXP	USRT +0.05 points	0.26%	0.31%
Independence RealtyIRT	USRT +0.05 points	0.25%	0.30%
Apple Hospitality Reit IncAPLE	USRT +0.05 points	0.30%	0.35%
Curbline PropertiesCURB	USRT +0.04 points	0.22%	0.26%
Broadstone Net LeaseBNL	USRT +0.04 points	0.24%	0.28%
Urban Edge PropertiesUE	USRT +0.04 points	0.18%	0.22%
National Health Investors ReitNHI	USRT +0.04 points	0.24%	0.28%
Acadia Realty Trust ReitAKR	USRT +0.04 points	0.19%	0.23%
Diamondrock HospitalityDRH	USRT +0.04 points	0.21%	0.25%
Four Corners Property Inc TrustFCPT	USRT +0.03 points	0.18%	0.21%
Smartstop Self Storage Reit IncSMA	USRT +0.04 points	0.14%	0.18%
Pebblebrook Hotel Trust ReitPEB	USRT +0.03 points	0.18%	0.21%
Outfront MediaOUT	USRT +0.03 points	0.41%	0.44%
Xenia Hotels Resorts ReitXHR	USRT +0.02 points	0.14%	0.16%
Inventrust PropertiesIVT	USRT +0.03 points	0.17%	0.20%
Ltc Properties ReitLTC	USRT +0.03 points	0.17%	0.20%
Park Hotels Resorts IncPK	USRT +0.03 points	0.24%	0.27%
Sunstone Hotel Investors Reit IncSHO	USRT +0.03 points	0.17%	0.20%
Simon Property Group Reit IncSPG	USRT +0.03 points	4.69%	4.72%
Getty Realty ReitGTY	USRT +0.02 points	0.12%	0.14%
Innovative Industrial Properties IIIPR	USRT +0.02 points	0.11%	0.13%
Diversified Healthcare TrustDHC	USRT +0.03 points	0.12%	0.15%
Rlj Lodging Trust ReitRLJ	USRT +0.02 points	0.12%	0.14%
Global Net Lease IncGNL	USRT +0.02 points	0.11%	0.13%
Umh Properties IncUMH	USRT +0.02 points	0.09%	0.11%
Safehold IncSAFE	USRT +0.01 points	0.04%	0.05%
Piedmont Realty Trust Class APDM	USRT +0.01 points	0.09%	0.10%
American Assets Trust ReitAAT	USRT +0.01 points	0.08%	0.09%
Cbl Associates PropertiesCBL	USRT +0.02 points	0.07%	0.09%
CenterspaceCSR	USRT +0.02 points	0.07%	0.09%
Service Properties TrustSVC	USRT +0.01 points	0.06%	0.07%
NetstreitNTST	USRT +0.01 points	0.13%	0.14%
Easterly Government Properties IncDEA	USRT +0.02 points	0.07%	0.09%
National Healthcare PropertiesNHP	SCHH +0.01 points	0.05%	0.04%
Medical Properties Trust ReitMPT	USRT +0.01 points	0.09%	0.10%
Jbg Smith PropertiesJBGS	USRT +0.01 points	0.05%	0.06%
Alexanders Reit IncALX	USRT +0.01 points	0.04%	0.05%
Cto Realty GrowthCTO	USRT +0.01 points	0.05%	0.06%
Empire State Realty Reit Class AESRT	USRT +0.01 points	0.05%	0.06%
Summit Hotel Properties ReitINN	USRT +0.01 points	0.05%	0.06%
Gladstone Commercial Reit CorpGOOD	USRT +0.01 points	0.04%	0.05%

All 122 SCHH holdings⁠All 123 USRT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SCHH vs USRT Cost

Overpaying USRT vs SCHH

$209

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

SCHH 0.07%
$1,480
USRT 0.08%
$1,689

Amount$10,000

Years30 years

Cost over time

SCHH 0.07%
USRT 0.08%
Overpaying

Year by year

Year	SCHH	USRT	Overpaying
10	$128	$147	$19
20	$503	$575	$72
30	$1,480	$1,689	$209

Expense ratio

0.07%SCHH, cheaper
0.08%USRT

SCHH0.07%USRT0.08%

0.07%0.65%

Middle half of US Real Estate funds
Median 0.35%

SCHH cheapest of 21 funds

USRT 2nd cheapest of 21 funds

SCHH vs USRT Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHH 2.94%, better; USRT 2.75%
Payout (12M): SCHH $0.68; USRT $1.75
Last payment: SCHH $0.17; USRT $0.47
Ex-dividend: SCHH Sep 23, 2026; USRT Sep 15, 2026
Paid on: SCHH Sep 28, 2026; USRT Sep 18, 2026
Frequency: SCHH Quarterly; USRT Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHHQuarterly · 40 paymentsAll SCHH payments⁠

USRTQuarterly · 39 paymentsAll USRT payments⁠

SCHH vs USRT Risk

Fall from peak · 5 years

SCHH
USRT

Risk facts

VolatilityStd dev, 3 years: SCHH 16.3%USRT 16.1%, better
Return per unit of riskSharpe ratio, 3 years: SCHH 0.60USRT 0.70, better
Worst fallMax drawdown, 5 years: SCHH −33.3%USRT −31.0%, better
Market sensitivityBeta, 5 years: SCHH 0.95USRT 0.96; Market = 1

SCHH and USRT in the news

All news⁠

Category Review
Vanguard's property fund lost a first-half lead over stocks
Updated Oct 8, 2026SCHHUSRT
Deep Dive
Vanguard's property fund is up 4% this year. Mortgage funds are down 15%
Oct 5, 2026SCHHUSRT
Deep Dive
Equity REIT funds fell 1.3%. VanEck's mortgage REIT fund hit a 52-week low
Sep 12, 2026SCHHUSRT
Deep Dive
September's $2.74 billion CMBS wall is half of August's, with more already in special servicing
Sep 5, 2026SCHHUSRT
ETF Filings
PGIM files for a CLO fund at 0.28% and a real estate fund at 0.49%
Sep 28, 2026USRT
Deep Dive
The 10-year is back at 5.01%. Listed REIT funds fell 2%
Sep 19, 2026SCHH

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