ETF Versus

SCHH vs SCHZ

Schwab U.S. REIT ETF vs Schwab U.S. Aggregate Bond ETF

Last updated: 2026-04-10

SCHH Schwab

Schwab U.S. REIT ETF (SCHH) is an exchange-traded fund issued by Schwab that provides exposure to U.S. real estate investment trusts (REITs) and real estate companies. It charges a low expense ratio of 0.07%. The fund offers an attractive dividend yield of 2.88%. Launched in 2011, the fund has a 15-year track record.

AUM: $9.5B ER: 0.07% Yield: 2.88% Since: Jan 13, 2011
SCHZ Schwab

Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund issued by Schwab that provides exposure to the broad U.S. investment-grade bond market. It charges a very low expense ratio of 0.03%. The fund offers a high dividend yield of 4.09%. Launched in 2011, the fund has a 15-year track record.

AUM: $10.0B ER: 0.03% Yield: 4.09% Since: Jul 14, 2011

Quick Verdict

SCHZ has a slightly lower expense ratio (0.03% vs 0.07%), saving about $80 per $10,000 over 10 years. Over the past year, SCHH has significantly outperformed with a 15.3% return vs 2.2%. Income investors may prefer SCHZ for its higher yield (4.1% vs 2.9%).

Key Metrics

Metric SCHH SCHZ
Expense Ratio 0.07% 0.03%
Dividend Yield 2.9% 4.1%
Fund Family Schwab Schwab
Category US Real Estate US Aggregate Bond

Performance Chart

Indexed to 100 at start (5-year comparison)

75 85 95 105 115 125 2021-04 2022-07 2023-10 2025-01 2026-04
SCHH +7.2%
SCHZ -14.1%

Performance Comparison

Period SCHH SCHZ Difference
1 Month +1.05% -0.26% +1.31%
3 Months +6.88% -0.81% +7.69%
6 Months +7.85% -1.27% +9.12%
YTD +8.11% -0.56% +8.67%
1 Year +15.27% +2.20% +13.07%
3 Years +15.80% -1.09% +16.89%
5 Years +7.18% -14.05% +21.23%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHH Fees SCHZ Fees You Save
$10,000 10 years $140 $60 $80
$10,000 20 years $600 $258 $342
$10,000 30 years $1,938 $835 $1,103
$50,000 10 years $698 $299 $398
$50,000 30 years $9,692 $4,176 $5,516
$100,000 30 years $19,383 $8,352 $11,032

Risk Metrics

Based on 5 years of daily returns

Metric SCHH SCHZ
Annualized Volatility 18.8% 6.1%
Max Drawdown -36.4% -21.9%
Sharpe Ratio -0.07 -1.20

Dividend Comparison

Metric SCHH SCHZ
Annual Dividend (per share) $0.65 $0.95
Dividend Yield 2.88% 4.09%
Distribution Frequency Quarterly Monthly

Top Holdings

SCHH Top Holdings

NameWeight
Welltower Inc.WELL10.02%
Prologis, Inc.PLD8.82%
Equinix, Inc.EQIX4.89%
Digital Realty Trust, Inc.DLR4.43%
Simon Property Group, Inc.SPG4.41%
Realty Income CorporationO4.31%
American Tower CorporationAMT4.29%
Public StoragePSA3.32%
Ventas, Inc.VTR2.99%
Crown Castle Inc.CCI2.78%

Which One Should You Choose?

Choose SCHZ if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose SCHH if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SCHZ if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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