SCHH: Schwab U.S. REIT ETF returns, drawdowns and risk
Funds on listed real estate companies (REITs), in the US and abroad.
Data updated October 2026
SCHH · US exchange · USDCategory: Real estate (REIT) ETFsData from January 2011
From January 2011 to October 2026 SCHH returned 5.7% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $23,847.
Its deepest fall was 44.2%, from February 2020 to March 2020, and it took about 17 months to get back to the previous high. Annual volatility was 20.1%; at the last close it was 8.3% below its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 189 months both have data, the correlation of monthly returns was 0.72: they usually moved together. Beta was 0.87. In months when SPY rose, SCHH moved 69% as much on average; in months when SPY fell, 93% as much.
Key figures
- Annual return (CAGR)
- +5.7%
- 1-year return
- +7.1%
- 5 years, a year
- +1.4%
- 10 years, a year
- +3.1%
- Annual volatility
- 20.1%
- Maximum drawdown
- −44.2%
- Sharpe ratio
- 0.30
- Worst year
- 2022: −25.0%
Trailing returns
| Period | SCHH | SPY |
|---|---|---|
| 1 year | +7.1% | +16.6% |
| 3 years, a year | +13.3% | +23.1% |
| 5 years, a year | +1.4% | +12.7% |
| 10 years, a year | +3.1% | +15.4% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: SCHH vs SPY
Month-end values from February 2011, the first month both funds have data.
SCHH drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | SCHH | SPY |
|---|---|---|
| 2026(partial) | +10.5% | +13.3% |
| 2025 | +2.2% | +17.7% |
| 2024 | +5.0% | +24.9% |
| 2023 | +11.2% | +26.2% |
| 2022 | −25.0% | −18.2% |
| 2021 | +39.9% | +28.7% |
| 2020 | −16.1% | +18.3% |
| 2019 | +21.1% | +31.2% |
| 2018 | −5.9% | −4.6% |
| 2017 | +2.5% | +21.7% |
| 2016 | +5.0% | +12.0% |
| 2015 | +3.1% | +1.2% |
| 2014 | +30.3% | +13.5% |
| 2013 | −0.0% | +32.3% |
| 2012 | +15.3% | +16.0% |
| 2011(partial) | +8.2% | — |
SCHH compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of SCHH?
From January 2011 to October 2026 SCHH returned 5.7% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +1.4% a year. Over the last 12 months: +7.1%.
What was the worst drawdown of SCHH?
44.2%, from February 2020 to March 2020; it took about 17 months from the previous high to get back to it.
How volatile is SCHH?
Annual volatility was 20.1% over the period. Its worst month was −22.6% and 58% of months were positive. Worst calendar year: 2022 (−25.0%).
How closely does SCHH follow SPY?
Over 189 months the correlation of monthly returns was 0.72, so they usually moved together, with a beta of 0.87.
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Other Real estate (REIT) ETFs
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.