VNQ vs SCHH: which ETF is better?
Vanguard Real Estate ETF (VNQ) and Schwab U.S. REIT ETF (SCHH) compared on fees, holdings overlap, dividend yield, returns and risk, using the latest data.
- VNQ and SCHH have very high overlap: 90% of each fund by weight sits in the same holdings.
- SCHH is cheaper at 0.07% a year against 0.13% for VNQ, about $6 less in fees per $10,000 invested each year.
- Over the last 10 years, VNQ returned an average of 6.1% a year against 4.7% for SCHH, with dividends reinvested.
- VNQ pays more income, yielding 3.56% over the last 12 months against 2.89% for SCHH.
- Overlap by weight
- 89.7%
- Shared holdings
- 113
| VNQ | SCHH | |
|---|---|---|
| Name | Vanguard Real Estate ETF | Schwab U.S. REIT ETF |
| Issuer | Vanguard | Schwab |
| Listed on | NYSE Arca · USD | NYSE Arca · USD |
| Expense ratio | 0.13% | 0.07% |
| Assets (AUM) | $35.9B | $11.2B |
| Launched | Sep 23, 2004 | Jan 13, 2011 |
| Holdings | 139 | 119 |
| Dividend yield (12m) | 3.56% · quarterly | 2.89% · quarterly |
| Asset class | Real Estate (Listed/REITs) | Equity |
| Annualised return | VNQ | SCHH |
|---|---|---|
| 1 year | +11.8% | +15.2% |
| 3 years | +12.1% | +12.7% |
| 5 years | +1.1% | +1.8% |
| 10 years | +6.1% | +4.7% |
| Volatility | 16.4% | 16.3% |
| Max drawdown | -42.4% | -44.2% |
Volatility is the annualised standard deviation of daily returns over 3 years. Max drawdown is the largest fall from a peak over the last 10 years, or since launch.
| Holding | VNQ | SCHH |
|---|---|---|
| WELLWelltower Inc | 10.67% | 10.21% |
| PLDPrologis Inc | 8.02% | 8.14% |
| AMTAmerican Tower Corp | 5.06% | 5.01% |
| EQIXEquinix Inc | 6.61% | 4.37% |
| SPGSimon Property Group Inc | 4.32% | 4.81% |
| DLRDigital Realty Trust Inc | 4.31% | 4.25% |
| ORealty Income Corp | 3.33% | 3.94% |
| PSAPublic Storage | 3.14% | 4.01% |
| VMRKVivmark Residential | 2.88% | 3.29% |
| VTRVentas Inc | 2.74% | 3.20% |
Pull each fund's details, full price history and holdings into Google Sheets or Excel, so your comparison updates itself.
=SF("VNQ","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("VNQ","2016-10-01",TODAY(),"dailyAdj")=SF("SCHH","etfInfo","expenseRatio&assetsUnderManagement&holdingsCount")=SF_TIMESERIES("SCHH","2016-10-01",TODAY(),"dailyAdj")Prices to Nov 6, 2026; holdings last checked Nov 6, 2026. Returns are in each fund's trading currency (USD). Past performance doesn't predict future returns. For information only, not investment advice.
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VNQ vs SCHH: frequently asked questions
How much do VNQ and SCHH overlap?
89.7% by weight. They share 113 holdings, and that share of each fund is invested in exactly the same positions. That's very high, so holding both adds little diversification.
Is VNQ or SCHH cheaper?
SCHH is cheaper. VNQ's expense ratio is 0.13% a year and SCHH's is 0.07%, so on $10,000 you'd pay about $13 and $7 a year.
Which has performed better, VNQ or SCHH?
Over the last 10 years, VNQ has. VNQ returned 6.1% and SCHH 4.7% a year on average, including reinvested dividends, as of Nov 6, 2026. Past returns don't predict future ones.
Which pays a higher dividend, VNQ or SCHH?
VNQ does. Over the last 12 months VNQ yielded 3.56%, paid quarterly, and SCHH 2.89%, paid quarterly.
Should I hold both VNQ and SCHH?
Holding both mostly doubles up on the same stocks, since 90% of each fund is in the same positions. Most investors pick one, often the cheaper one. This is general information, not advice.
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