SCHH vs VNQ: Grades, Fees and Holdings Compared

Schwab U.S. REIT ETF

SCHHANYSE Arca

Vanguard Real Estate ETF

VNQANYSE Arca

Overlap

90.1%by weight

Expense ratio

SCHH −0.06pt a year

SCHH0.07%VNQ0.13%

Avg volume · 30D

SCHH 2.1×the volume

SCHH7.63MVNQ3.67M

10Y return · a year

VNQ +1.2pt

SCHH+4.3%VNQ+5.5%

SCHH vs VNQ Performance

Oct 29, 2021 – Oct 30, 2026

+9.3%SCHH+4.6%VNQ

Expense ratio: SCHH 0.07%, better; VNQ 0.13%
Fund size: SCHH $11B; VNQ $66.4B
1Y total return: SCHH +12.7%, better; VNQ +9.3%
Yield (12M): SCHH 2.94%; VNQ 3.63%, better
Holdings: SCHH 121; VNQ 145
Avg volume (30D): SCHH 7.63M sh, better; VNQ 3.67M sh
NAV per share: SCHH $23.06; VNQ $93.92
52W range

ETF.net Grade

Pillar letters and Scores for SCHH, VNQ, with each pillar’s weight
Pillar	SCHH	VNQ
Cost30% weight	A93Higher	A76
Mission25% weight	A100	A100
Risk15% weight	C52Higher	C48
Tradability15% weight	A78Higher	B57
Holdings10% weight	B68Higher	B65
Durability5% weight	A78	A92Higher

Rank among US Real Estate funds

How we build Categories ›

Same Category. SCHH and VNQ 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 VNQ 6th 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 5ADFARDFA Real Estate Securities Portfolio ETF Class SharesScore 75
Rank 6AVNQVanguard Real Estate ETFScore 74
Rank 7ARWRState Street SPDR Dow Jones REIT ETFScore 73

Our read on each fund

ETF.net Research

SCHHASchwab U.S. REIT ETF

VNQAVanguard Real Estate 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.

VNQ The 2004 original in US listed real estate: one ticker for nearly the whole property market, from the biggest landlords down to small ones, at a fraction of the typical sector fee.

Stated mandate

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

VNQ The fund seeks high income and moderate long-term capital appreciation by tracking an index of publicly traded equity REITs and other U.S. real-estate-related investments.

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.

VNQ 0.13% a year versus a peer-group median of 0.37%. On a sector fund, the fee is the part you actually control.
Full replication of the MSCI US IM Real Estate 25/50 Index: about 160 names, and the 25/50 rules cap how big any single issuer can get.vanguard.com
A multi-tens-of-billions fund and one of the most actively traded in its category, so entering and exiting rarely means fighting the spread.
Income is the stated mandate: high income plus moderate long-term capital appreciation from listed REITs, paid out quarterly, with Vanguard running it since 2004.vanguard.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

VNQ Not the cheapest shelf in the aisle. SCHH charges 0.07% and USRT, FREL and XLRE 0.08%, so a few basis points separate it from its closest rivals.
One sector, and a rate-sensitive one. REIT borrowing costs and valuations track interest rates, so the ride is bumpier than a total-market fund.vanguard.com
The index reaches past classic landlords into data-center and other specialized REITs plus real estate services and development firms. Broader than pure property.vanguard.com

Full SCHH profile⁠

Full VNQ profile⁠

SCHH vs VNQ Holdings

How SCHH and VNQ differ

Overlap by weight

90.1%

Shared holdings make up 99.5% of SCHH and 93.1% of VNQ.

Level by level

Asset classEquity, Real Estate0.0%
Holdings114 in both90.1%
Sector4 Sectors99.5%
Countryby domicile100%

Sector

Sector weights in SCHH and VNQ, widest gap first
Sector	More in SCHHMore in VNQ	SCHH	VNQ
Real Estate	SCHH +0.5 points	100.0%	99.5%
Communication	VNQ +0.4 points	0.0%	0.4%
Energy	VNQ +0.2 points	0.0%	0.1%
Industrials	Same weight	0.0%	0.0%

Country, concentration and asset class

Country by domicile

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

Concentration

Weight in the 10 largest Holdings

SCHH51.0%
VNQ51.2%

Securities held

SCHH121
VNQ140

Asset class

SCHH: Equity
VNQ: Real Estate

Holdings

Only in SCHH7
In both114
Only in VNQ26

Only in SCHH

7 securities, 0.5% of SCHH by weight

Janus Living Inc Class A0.18%
Blackstone Digital Infrastructure0.11%
Ssc Government Mm Gvmxx0.08%
Fermi Inc0.06%
National Healthcare Properties0.05%
Postal Realty Trust Class A0.04%
Us Dollar0.01%

Only in VNQ

26 securities, 6.6% of VNQ by weight

CBRE Group Inc2.50%
Jones Lang LaSalle Inc0.94%
CoStar Group Inc0.74%
SLCMT11420.43%
Compass Inc0.41%
Zillow Group Inc0.28%
Cushman & Wakefield Ltd0.18%
St Joe Co/The0.17%
Howard Hughes Holdings Inc0.15%
Landbridge Co LLC0.15%
Newmark Group Inc0.12%
Opendoor Technologies Inc0.11%
Zillow Group Inc0.07%
Marcus & Millichap Inc0.04%
Chatham Lodging Trust0.04%
Forestar Group Inc0.03%
Universal Health Realty Income Trust0.03%
Saul Centers Inc0.03%
Industrial Logistics Properties Trust0.03%
One Liberty Properties Inc0.02%
Tejon Ranch Co0.02%
AGNT Inc0.02%
RMR Group Inc/The0.02%
Apartment Investment and Management Co0.02%
Seaport Entertainment Group Inc0.01%
New York Reit In0.00%

Weight gaps

The 100 widest of 114 Holdings in both funds.

Holding weights in SCHH and VNQ, widest gap first
Holding	More in SCHHMore in VNQ	SCHH	VNQ
Equinix ReitEQIX	VNQ +1.98 points	4.65%	6.63%
Crown Castle IncCCI	SCHH +0.78 points	2.71%	1.93%
WelltowerWELL	VNQ +0.77 points	9.93%	10.70%
Public Storage ReitPSA	SCHH +0.67 points	3.82%	3.15%
Realty Income ReitO	SCHH +0.54 points	3.88%	3.34%
Extra Space Storage ReitEXR	SCHH +0.42 points	2.27%	1.85%
Simon Property Group Reit IncSPG	SCHH +0.36 points	4.69%	4.33%
Iron Mountain IncIRM	SCHH +0.34 points	2.53%	2.19%
Ventas ReitVTR	SCHH +0.33 points	3.08%	2.75%
Vivmark ResidentialVMRK	SCHH +0.30 points	3.19%	2.89%
Sba Communications Reit Corp ClassSBAC	SCHH +0.28 points	1.41%	1.13%
Vici Pptys IncVICI	SCHH +0.27 points	1.94%	1.67%
Prologis ReitPLD	SCHH +0.25 points	8.30%	8.05%
Host Hotels & Resorts ReitHST	SCHH +0.24 points	1.26%	1.02%
Digital Realty Trust ReitDLR	SCHH +0.23 points	4.55%	4.32%
Ryman Hospitality Properties ReitRHP	SCHH +0.18 points	0.66%	0.48%
Kimco Realty Reit CorpKIM	SCHH +0.18 points	1.18%	1.00%
American Healthcare ReitAHR	SCHH +0.17 points	0.83%	0.66%
Lamar Advertising Company Class ALAMR	SCHH +0.16 points	0.99%	0.83%
American Tower ReitAMT	VNQ +0.15 points	4.92%	5.07%
Gaming and Leisure Properties ReitGLPI	SCHH +0.14 points	0.82%	0.68%
Camden Property Trust ReitCPT	SCHH +0.13 points	0.73%	0.60%
BxpBXP	SCHH +0.12 points	0.72%	0.60%
Outfront MediaOUT	SCHH +0.11 points	0.41%	0.30%
Regency Centers Reit CorpREG	SCHH +0.11 points	0.90%	0.79%
Weyerhaeuser ReitWY	SCHH +0.11 points	1.02%	0.91%
Brixmor Property Group Reit IncBRX	SCHH +0.11 points	0.64%	0.53%
Equity Lifestyle Properties Reit IELS	SCHH +0.11 points	0.82%	0.71%
W. P. Carey ReitWPC	SCHH +0.10 points	1.06%	0.96%
Omega Healthcare Investors ReitOHI	SCHH +0.10 points	1.02%	0.92%
Invitation HomesINVH	SCHH +0.09 points	1.03%	0.94%
Udr ReitUDR	SCHH +0.09 points	0.74%	0.65%
Kilroy Realty ReitKRC	SCHH +0.08 points	0.30%	0.22%
American Homes Rent Reit Class AAMH	SCHH +0.09 points	0.72%	0.63%
Federal Realty Investment Trust ReFRT	SCHH +0.08 points	0.64%	0.56%
Mid America Apartment CommunitiesMAA	SCHH +0.07 points	0.98%	0.91%
Macerich ReitMAC	SCHH +0.07 points	0.49%	0.42%
Sun Communities Reit IncSUI	SCHH +0.07 points	0.98%	0.91%
Essex Property Trust ReitESS	SCHH +0.07 points	1.22%	1.15%
Agree Realty ReitADC	SCHH +0.07 points	0.60%	0.53%
Rexford Industrial Realty ReitREXR	SCHH +0.07 points	0.61%	0.54%
Cubesmart ReitCUBE	SCHH +0.06 points	0.62%	0.56%
Eastgroup Properties ReitEGP	SCHH +0.06 points	0.77%	0.71%
Stag Industrial ReitSTAG	SCHH +0.06 points	0.52%	0.46%
Healthcare Realty Trust Inc ClassHR	SCHH +0.06 points	0.45%	0.39%
Terreno Realty ReitTRNO	SCHH +0.05 points	0.51%	0.46%
Apple Hospitality Reit IncAPLE	SCHH +0.06 points	0.30%	0.24%
Nnn ReitNNN	SCHH +0.05 points	0.57%	0.52%
Rayonier ReitRYN	SCHH +0.05 points	0.38%	0.33%
Vornado Realty Trust ReitVNO	SCHH +0.05 points	0.41%	0.36%
Phillips Edison and CompanyPECO	SCHH +0.05 points	0.36%	0.31%
Diamondrock HospitalityDRH	SCHH +0.04 points	0.21%	0.17%
Essential Properties Realty TrustEPRT	SCHH +0.04 points	0.41%	0.37%
TangerSKT	SCHH +0.05 points	0.31%	0.26%
Park Hotels Resorts IncPK	SCHH +0.04 points	0.24%	0.20%
Cousins Properties Reit IncCUZ	SCHH +0.04 points	0.34%	0.30%
Sunstone Hotel Investors Reit IncSHO	SCHH +0.04 points	0.17%	0.13%
Caretrust ReitCTRE	SCHH +0.04 points	0.61%	0.57%
Alexandria Real Estate Equities ReARE	VNQ +0.03 points	0.46%	0.49%
Sl Green Realty Reit CorpSLG	SCHH +0.04 points	0.26%	0.22%
Highwoods Properties ReitHIW	SCHH +0.04 points	0.24%	0.20%
Epr Properties ReitEPR	SCHH +0.03 points	0.32%	0.29%
Pebblebrook Hotel Trust ReitPEB	SCHH +0.04 points	0.18%	0.14%
Americold Realty Inc TrustCOLD	SCHH +0.03 points	0.30%	0.27%
Curbline PropertiesCURB	SCHH +0.04 points	0.22%	0.18%
Kite Realty Group Trust ReitKRG	SCHH +0.03 points	0.36%	0.33%
National Health Investors ReitNHI	SCHH +0.03 points	0.24%	0.21%
Sabra Health Care ReitSBRA	SCHH +0.03 points	0.36%	0.33%
Rlj Lodging Trust ReitRLJ	SCHH +0.02 points	0.12%	0.10%
Xenia Hotels Resorts ReitXHR	SCHH +0.03 points	0.14%	0.11%
Ltc Properties ReitLTC	SCHH +0.02 points	0.17%	0.15%
Copt Defense PropertiesCDP	SCHH +0.03 points	0.28%	0.25%
Smartstop Self Storage Reit IncSMA	SCHH +0.02 points	0.14%	0.12%
Millrose Properties Inc Class AMRP	SCHH +0.02 points	0.29%	0.27%
Independence RealtyIRT	SCHH +0.02 points	0.25%	0.23%
Healthpeak Properties IncDOC	SCHH +0.02 points	0.94%	0.92%
Douglas Emmett ReitDEI	SCHH +0.02 points	0.12%	0.10%
Acadia Realty Trust ReitAKR	SCHH +0.02 points	0.19%	0.17%
Diversified Healthcare TrustDHC	SCHH +0.02 points	0.12%	0.10%
Lxp Industrial TrustLXP	SCHH +0.02 points	0.26%	0.24%
Medical Properties Trust ReitMPT	SCHH +0.02 points	0.09%	0.07%
Inventrust PropertiesIVT	SCHH +0.01 points	0.17%	0.16%
Four Corners Property Inc TrustFCPT	SCHH +0.02 points	0.18%	0.16%
Urban Edge PropertiesUE	SCHH +0.02 points	0.18%	0.16%
Empire State Realty Reit Class AESRT	SCHH +0.01 points	0.05%	0.04%
NetstreitNTST	SCHH +0.02 points	0.13%	0.11%
Summit Hotel Properties ReitINN	SCHH +0.01 points	0.05%	0.04%
Jbg Smith PropertiesJBGS	SCHH +0.01 points	0.05%	0.04%
Piedmont Realty Trust Class APDM	SCHH +0.02 points	0.09%	0.07%
Global Net Lease IncGNL	VNQ +0.01 points	0.11%	0.12%
CenterspaceCSR	SCHH +0.01 points	0.07%	0.06%
Getty Realty ReitGTY	SCHH +0.01 points	0.12%	0.11%
Cto Realty GrowthCTO	SCHH +0.01 points	0.05%	0.04%
American Assets Trust ReitAAT	SCHH +0.01 points	0.08%	0.07%
Brandywine Realty Trust ReitBDN	SCHH +0.01 points	0.04%	0.03%
LineageLINE	Same weight	0.15%	0.15%
Farmland Partners IncFPI	Same weight	0.03%	0.03%
Easterly Government Properties IncDEA	Same weight	0.07%	0.07%
Gladstone Land ReitLAND	VNQ +0.01 points	0.02%	0.03%
Umh Properties IncUMH	SCHH +0.01 points	0.09%	0.08%

All 122 SCHH holdings⁠All 158 VNQ 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 VNQ Cost

Overpaying VNQ vs SCHH

$1,246

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

SCHH 0.07%
$1,480
VNQ 0.13%
$2,726

Amount$10,000

Years30 years

Cost over time

SCHH 0.07%
VNQ 0.13%
Overpaying

Year by year

Year	SCHH	VNQ	Overpaying
10	$128	$238	$110
20	$503	$930	$427
30	$1,480	$2,726	$1,246

Expense ratio

0.07%SCHH, cheaper
0.13%VNQ

SCHH0.07%VNQ0.13%

0.07%0.65%

Middle half of US Real Estate funds
Median 0.35%

SCHH cheapest of 21 funds

VNQ 6th cheapest of 21 funds

SCHH vs VNQ Dividends

Last 12 months to Oct 30, 2026

Yield (12M): SCHH 2.94%; VNQ 3.63%, better
Payout (12M): SCHH $0.68; VNQ $3.41
Last payment: SCHH $0.17; VNQ $0.80
Ex-dividend: SCHH Sep 23, 2026; VNQ Sep 23, 2026
Paid on: SCHH Sep 28, 2026; VNQ Sep 25, 2026
Frequency: SCHH Quarterly; VNQ Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

SCHHQuarterly · 40 paymentsAll SCHH payments⁠

VNQQuarterly · 39 paymentsAll VNQ payments⁠

SCHH vs VNQ Risk

Fall from peak · 5 years

SCHH
VNQ

Risk facts

VolatilityStd dev, 3 years: SCHH 16.3%, betterVNQ 16.5%
Return per unit of riskSharpe ratio, 3 years: SCHH 0.60, betterVNQ 0.56
Worst fallMax drawdown, 5 years: SCHH −33.3%, betterVNQ −34.5%
Market sensitivityBeta, 5 years: SCHH 0.95VNQ 0.99; Market = 1

SCHH and VNQ in the news

All news⁠

Category Review
Vanguard's property fund lost a first-half lead over stocks
Updated Oct 8, 2026SCHHVNQ
Deep Dive
Vanguard's property fund is up 4% this year. Mortgage funds are down 15%
Oct 5, 2026SCHHVNQ
Deep Dive
The 10-year is back at 5.01%. Listed REIT funds fell 2%
Sep 19, 2026SCHHVNQ
Deep Dive
Equity REIT funds fell 1.3%. VanEck's mortgage REIT fund hit a 52-week low
Sep 12, 2026SCHHVNQ
News
Independence Realty to take Centerspace in 3.800-share all-stock merger
Sep 9, 2026SCHHVNQ
Deep Dive
September's $2.74 billion CMBS wall is half of August's, with more already in special servicing
Sep 5, 2026SCHHVNQ

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SCHH vs VNQ

In short

Stated mandate

Why people hold it