SCHH vs XLRE ETF comparison
SCHH vs XLRE
SCHH holds equity REITs only, from the Dow Jones Equity All REIT Capped Index, and XLRE holds the real estate stocks inside the S&P 500, about 30 companies. The two funds follow different indexes. The Dow Jones Equity All REIT Capped Index includes only equity REITs and caps the weight of the largest names.
The S&P Real Estate Select Sector Index is the real estate sector of the S&P 500, so it holds only the larger companies. SCHH charges 0.07% and XLRE charges 0.08%. This page lines up what each fund holds, how much they overlap, what each paid and how each performed, with the date next to every number.
SCHH vs XLRE, the short answer
SCHH and XLRE differ in what they hold and what they charge. The two funds follow different indexes. The Dow Jones Equity All REIT Capped Index includes only equity REITs and caps the weight of the largest names. The S&P Real Estate Select Sector Index is the real estate sector of the S&P 500, so it holds only the larger companies.
Expense ratios are 0.07% and 0.08%. Market price total returns, annualized (both to Nov 9, 2026): 1 year 15.07% vs 11.98%; 3 years 14.12% vs 13.30%; 5 years 2.17% vs 1.80%; 10 years 4.40% vs 7.35%. Neither is better for everyone; the choice turns on cost, which markets you want, and what you already own.
SCHH vs XLRE overlap, if you own both
SCHH · ten largest holdings
As of Nov 6, 2026- 1Welltower WELL10.27%Both
- 2Prologis PLD8.11%Both
- 3American Tower AMT4.91%Both
- 4Simon Property Group SPG4.89%Both
- 5Equinix EQIX4.47%Both
- 6Digital Realty Trust DLR4.27%Only here
- 7Public Storage PSA4.01%Both
- 8Realty Income O3.94%Both
- 9Vivmark VMRK3.33%Both
- 10Ventas VTR3.21%Both
Ten largest total 51.4%
XLRE · ten largest holdings
As of Nov 6, 2026- 1Welltower WELL11.61%Both
- 2Prologis PLD7.94%Both
- 3Equinix EQIX6.57%Both
- 4American Tower AMT5.79%Both
- 5Public Storage PSA5.07%Both
- 6Simon Property Group SPG4.94%Both
- 7Vivmark VMRK4.46%Both
- 8Ventas VTR4.40%Both
- 9Realty Income O4.35%Both
- 10CBRE Group CBRE4.25%Only here
Ten largest total 59.4%
Shared by both · 9 companies
| Company | SCHH weight | XLRE weight | Gap |
|---|---|---|---|
| Welltower WELL | 10.27% | 11.61% | -1.34 pts |
| Prologis PLD | 8.11% | 7.94% | +0.17 pts |
| American Tower AMT | 4.91% | 5.79% | -0.88 pts |
| Simon Property Group SPG | 4.89% | 4.94% | -0.05 pts |
| Equinix EQIX | 4.47% | 6.57% | -2.10 pts |
| Public Storage PSA | 4.01% | 5.07% | -1.06 pts |
| Realty Income O | 3.94% | 4.35% | -0.41 pts |
| Vivmark VMRK | 3.33% | 4.46% | -1.13 pts |
| Ventas VTR | 3.21% | 4.40% | -1.19 pts |
Only in SCHH’s top ten: Digital Realty Trust. Only in XLRE’s top ten: CBRE Group.
The twist
73.6% of the weight sits in stocks both funds hold (matched by ticker in the full holdings files dated Nov 6, 2026), and 9 stocks appear in both top-ten lists. Holding both repeats more than half of the same exposure, so the second fund mostly adds weight to what you already own.
SCHH vs XLRE, one goal, which fund?
SCHH vs XLRE, where the money goes
SCHH · Schwab, Nov 6, 2026
XLRE · State Street, Nov 6, 2026
SCHH vs XLRE returns compared across calendar years
Calendar-year market price total returns (distributions reinvested), computed from daily adjusted closing prices to Dec 31 of each year. Both funds use the same days, so the years compare like for like. Source: StockAnalysis price history, Nov 9, 2026.
SCHH vs XLRE, what each fund costs a year
The data room
Every figure behind the SCHH vs XLRE cards above, with its source, date and evidence grade. Open the issuer documents before relying on any number.
SCHH vs XLRE key facts
Evidence grade: Issuer issuer page · Mixed issuer plus provider · 3rd party| Metric | SCHH | XLRE | Grade and source |
|---|
Portfolio characteristics
| Metric | SCHH | XLRE | Grade and source |
|---|
Net assets are for the ETF share class on different dates (SCHH $11.39B; XLRE $8.50B), so they are not matched. Figures that were not available are left out rather than estimated.
SCHH vs XLRE holdings and top ten
Click a tile · SCHH: Schwab, Nov 6, 2026 · XLRE: State Street, Nov 6, 2026Tile area is proportional to weight.
| # | Holding | Weight |
|---|
| # | Holding | Weight |
|---|
Top ten sums: SCHH 51.4% · XLRE 59.4%. 9 shared top-ten stocks. Weights change.
SCHH vs XLRE sector exposure
SCHH: Nov 6, 2026 · XLRE: Nov 6, 2026The sector mirror
Same funds, different lenses
Company size
Both hold U.S. real estate companies. SCHH holds 120 stocks and XLRE holds 30.
What you actually own
SCHH vs XLRE performance
Matched dates, both to Nov 9, 2026; issuer NAV rows dated separatelyThe first rows are market price total returns computed on the same dates for both funds (to Nov 9, 2026), so they compare like for like. The 10-year figure runs from the Dec 30, 2016 close (9.9 years). The issuer NAV rows are dated separately (SCHH to Nov 9, 2026, XLRE to Sep 30, 2026) and include the since-inception figures. “Since inception” starts in different years (SCHH 2011, XLRE 2015). Past performance does not guarantee future results.
Growth of a hypothetical $10,000 · Market price total return, both to Nov 9, 2026
Both funds derived from annualized market price total returns on matched dates (compounded). Distributions reinvested; fund expenses are already in the price. Illustration, not a forecast.
SCHH vs XLRE yield, dividends and dividend growth
Latest eight payouts each| SCHH ex-date | Payable | $ / share | XLRE ex-date | Payable | $ / share |
|---|
Paid per share, last 12 months vs the 12 months before
Payouts are listed by ex-dividend date. REIT funds pay larger but uneven distributions, so the like-for-like comparison is the total paid over the last 12 months against the 12 months before (cards above: SCHH $0.678 per share, XLRE $1.443 per share). REITs must distribute most of their taxable income, so the payout moves with property income and not only with price. See yield vs total return.
| Measure | SCHH | XLRE |
|---|---|---|
| 30-day SEC yield | 3.40% (Nov 6, 2026) | 3.27% (Nov 6, 2026) |
| Trailing 12-month | 3.08% (Sep 30, 2026) | 3.23% (Nov 9) |
| Paid, last 12 months | $0.678 per share | $1.443 per share |
| Frequency | Quarterly | Quarterly |
Per-share payouts differ because share prices differ, so compare yields rather than dollars. REITs must pay out most of their taxable income, so distributions are larger than for most stock funds, but the amounts change from quarter to quarter and a single quarter says little. Payouts shown: SCHH 9, XLRE 9. See what is dividend yield and yield vs total return.
SCHH vs XLRE concentration and overlap
Ten largest positions · shared holdingsRank by rank, the ten largest positions of each fund. Top five: SCHH 32.6%, XLRE 37.0%. Top ten: SCHH 51.4%, XLRE 59.4%.
SCHH vs XLRE trading and liquidity
Issuer and fund pages · Nov 6 to Nov 9, 2026Large funds like these usually trade with small spreads, but check the live spread before you trade. A spread of 0.01% is about $10 between the buy and sell price on $100,000. REIT shares can trade less actively in stressed markets, so spreads can widen on volatile days. Use limit orders for large trades and avoid the first and last minutes of the session. See creation, redemption and trading for how NAV, premiums and spreads arise.
SCHH vs XLRE expense ratio and fees in dollars
As stated by each issuer| Balance | SCHH (0.07%) | XLRE (0.08%) | Gap per year |
|---|---|---|---|
| $10,000 | $7 | $8 | $1 |
| $50,000 | $35 | $40 | $5 |
| $100,000 | $70 | $80 | $10 |
Expense ratio is taken from fund assets, not billed. It excludes the bid/ask spread, any premium or discount to NAV, brokerage commissions, and taxes.
SCHH vs XLRE, how each fund picks its stocks
Index approach, in plain languageSCHH · Dow Jones Equity All REIT Capped Index
SCHH tracks the Dow Jones Equity All REIT Capped Index. SCHH holds about 120 stocks and was launched in 2011; the ten largest positions total 51.4%. Index rules and rebalance dates are in the fund’s prospectus.
XLRE · S&P Real Estate Select Sector Index
XLRE tracks the S&P Real Estate Select Sector Index. XLRE holds about 30 stocks and was launched in 2015; the ten largest positions total 59.4%. Index rules and rebalance dates are in the fund’s prospectus.
Exact eligibility rules, caps and rebalance dates sit in each prospectus and index methodology; read them before relying on this summary.
SCHH vs XLRE, why yield and returns differ
Sector mix explains much of the gapThe two funds follow different indexes. The Dow Jones Equity All REIT Capped Index includes only equity REITs and caps the weight of the largest names. The S&P Real Estate Select Sector Index is the real estate sector of the S&P 500, so it holds only the larger companies.
SCHH follows the Dow Jones Equity All REIT Capped Index and XLRE follows the S&P Real Estate Select Sector Index. Because each index sets its own rules, the funds hold different numbers of stocks (120 against 30) and different mixes of property types such as health care, retail, industrial and cell towers. Over any window the results can diverge in either direction, and the gap comes mostly from what each index holds and when it rebalances, not from fees.
How to decide between SCHH and XLRE
A step-by-step frameworkStart with what separates them: The two funds follow different indexes. The Dow Jones Equity All REIT Capped Index includes only equity REITs and caps the weight of the largest names. The S&P Real Estate Select Sector Index is the real estate sector of the S&P 500, so it holds only the larger companies. Then check what you already own: the funds overlap by 73.6%, so holding both adds little.
- Step 1 · Market: SCHH holds equity REITs only, from the Dow Jones Equity All REIT Capped Index; XLRE holds the real estate stocks inside the S&P 500, about 30 companies.
- Step 2 · Cost: SCHH 0.07% vs XLRE 0.08%.
- Step 3 · Concentration: ten largest positions 51.4% vs 59.4%.
- Step 4 · Overlap: use the Diversification Calculator against what you own.
Size the position against your whole portfolio, including any U.S. stock fund you hold.
SCHH vs XLRE for Canadian investors
Currency, withholding tax and account typeSCHH and XLRE are U.S.-listed and trade in U.S. dollars, so buying them from a Canadian account usually involves converting Canadian dollars, which adds a cost on both entry and exit. Because the funds hold U.S. companies, a move in the U.S. dollar also changes your return in Canadian dollars.
U.S. dividends paid to Canadian residents are generally subject to U.S. withholding tax under the tax treaty; the treaty exemption usually applies inside an RRSP, while a TFSA is not exempt. Rules depend on the fund and the account, so confirm them with a tax professional. This is general education, not tax advice.
Risks of SCHH and XLRE
What can go wrongShared risks
- REIT prices are sensitive to interest rates: higher rates raise borrowing costs and can pull prices down, as they did in 2022 when all six funds lost about a quarter of their value.
- Property values, vacancies and rents shift with the economy, and different property types (offices, malls, apartments) can move in opposite directions.
- Distributions are not fixed: REITs pay out most of their taxable income, so the payout can fall when property income falls.
- All six hold U.S. real estate only, so none adds foreign or bond diversification.
Fund-specific risks
- SCHH: ten largest positions total 51.4% (Nov 6, 2026); 120 holdings.
- XLRE: ten largest positions total 59.4% (Nov 6, 2026); 30 holdings.
- XLRE: holds only about 30 large companies, so each position is bigger and a few names drive more of the result.
- Both: exchange-traded structure; see each prospectus for legal form.
SCHH vs XLRE taxes and account placement
General education, not tax adviceBoth funds invest in U.S. real estate companies. Most REIT distributions are taxed as ordinary income rather than as qualified dividends, and part may be treated as return of capital or capital gains, so a taxable U.S. account usually keeps less of the payout than it would from a typical stock fund. Many investors hold REIT funds in tax-advantaged accounts. Check each fund’s tax documents for the split.
For Canadian account types and withholding tax, see the Canadian section above. Confirm the rules for your account with a tax professional, and read how to build an ETF portfolio.
Other ETFs people compare
For context, not recommendationsInvestors comparing SCHH and XLRE often also look at the other REIT funds in this group: VNQ, SCHH, IYR, XLRE, USRT and FREL. See the other REIT ETFs comparisons and the ETF research hub.
SCHH vs XLRE drawdown arithmetic
What a decline means in dollarsRecovery gain = decline ÷ (1 − decline). The scenarios use illustrative declines of 10%, 20% and 30% so you can see what a drop does to each fund. They are a rough guide to a bad year, not a worst-case figure. See the Position Size Calculator.
Tools to compare SCHH vs XLRE
Static weights from this pageIgnores taxes, spreads and holdings differences. ETF Fee Calculator.
Check shared exposure with the Diversification Calculator.
SCHH vs XLRE, which fits which job
Characteristics, not recommendationsSCHH may suit investors who want…
Equity REITs only, at the lowest fee in the group.
Strengths
- Lower fee: 0.07% against 0.08%
- More holdings: 120 against 30
- Flatter top ten: 51.4% against 59.4%
- Led in 3 of 4 return windows (both to Nov 9, 2026)
Watch points
- Not a complete portfolio
- Interest rate sensitivity
XLRE may suit investors who want…
A compact basket of about 30 large real estate companies.
Strengths
- Pays distributions
- Exchange-traded and priced all day
Watch points
- Higher fee: 0.08% against 0.07%
- Fewer holdings: 30 against 120
- Heavier top ten: 59.4% against 51.4%
- Led in only 1 of 4 return windows (both to Nov 9, 2026)
SCHH vs XLRE investor scenarios
Characteristics that fit, not recommendationsSCHH vs XLRE key terms
Plain-language definitions
SCHH vs XLRE, frequently asked questions
Answers use the figures and dates shown aboveIs SCHH or XLRE better?
In the SCHH vs XLRE question, neither is better for everyone. SCHH and XLRE differ in what they hold and what they charge. The two funds follow different indexes. The Dow Jones Equity All REIT Capped Index includes only equity REITs and caps the weight of the largest names. The S&P Real Estate Select Sector Index is the real estate sector of the S&P 500, so it holds only the larger companies.
Expense ratios are 0.07% and 0.08%. Market price total returns, annualized (both to Nov 9, 2026): 1 year 15.07% vs 11.98%; 3 years 14.12% vs 13.30%; 5 years 2.17% vs 1.80%; 10 years 4.40% vs 7.35%. Neither is better for everyone; the choice turns on cost, which markets you want, and what you already own.
SCHH vs XLRE, what are the expense ratios?
SCHH charges 0.07% and XLRE charges 0.08%, which is $7 and $8 a year per $10,000.
SCHH vs XLRE, how much do the funds overlap?
About 73.6% of the weight is held by both funds, matched by ticker in full holdings files dated Nov 6, 2026. 9 stocks appear in both top-ten lists.
SCHH vs XLRE, what does each ETF track?
SCHH tracks the Dow Jones Equity All REIT Capped Index. XLRE tracks the S&P Real Estate Select Sector Index.
SCHH vs XLRE, what are the top holdings?
SCHH (Nov 6, 2026): Welltower 10.27%, Prologis 8.11%, American Tower 4.91%, Simon Property Group 4.89%, Equinix 4.47%. XLRE (Nov 6, 2026): Welltower 11.61%, Prologis 7.94%, Equinix 6.57%, American Tower 5.79%, Public Storage 5.07%.
SCHH vs XLRE, which has performed better?
Market price total returns, annualized (both to Nov 9, 2026): 1 year 15.07% vs 11.98%; 3 years 14.12% vs 13.30%; 5 years 2.17% vs 1.80%; 10 years 4.40% vs 7.35%. Returns depend on what each fund holds, and past performance does not guarantee future results.
SCHH vs XLRE, can I own both?
On SCHH vs XLRE, you can, but they overlap by about 73.6%. 9 top-ten stocks are shared. Holding both repeats more than half of the same exposure, so the second fund mostly adds weight to what you already own.
SCHH vs XLRE, how often do the funds pay dividends?
SCHH pays quarterly and XLRE pays quarterly. Trailing yields are 3.40% and 3.27%; check each issuer page for the schedule.
SCHH vs XLRE, are they suitable for Canadian investors?
On SCHH vs XLRE, both are U.S.-listed and trade in U.S. dollars, so Canadians face currency conversion costs and U.S. withholding tax on dividends. Treatment differs across TFSA, RRSP and taxable accounts. This is general education, not tax advice.
SCHH vs XLRE, how do the funds differ by sector?
SCHH (Nov 6, 2026): health care 18.5%, retail 16.6%, industrial 11.3%. XLRE (Nov 6, 2026): health care 17.6%, retail 13.5%, cell towers 12.2%.
SCHH vs XLRE documents and sources
Open the issuer documents before relying on any figureSCHH · Schwab Asset Management
XLRE · State Street (SPDR)
Third-party sources
StockAnalysis SCHH · StockAnalysis XLRE.
Methodology and limits
- SCHH figures come from Schwab fund pages and XLRE figures from State Street fund pages.
- Dates are shown beside each figure; the issuer documents are linked below.
- Holdings overlap is the sum of the smaller weight of each ticker held by both funds, using each issuer’s full holdings file. Holdings dates are Nov 6, 2026. Cash, futures and unmatched tickers are excluded and dates differ for some pairs, so treat it as an estimate. The files for SCHH and XLRE are dated the same day (Nov 6, 2026), so this pair is a same-day comparison.
- Vanguard figures come from vanguard.com, the Vanguard compare tool and fund data; iShares figures from ishares.com including holdings files; Schwab figures from schwabassetmanagement.com; State Street figures from ssga.com; Fidelity figures from the Fidelity fact sheet and the SEC N-PORT filing; market data (shares, beta, range) from StockAnalysis, dated Nov 9, 2026.
- Sector groups on this page use one property-type scheme applied to every fund: each stock is placed in a group such as health care, retail, industrial, residential, data centers, cell towers, self storage, office, hotels, real estate services, mortgage REITs or specialized REITs, and the weights are added up from the full holdings. This lets the funds be compared on the same labels, but it will not match each issuer’s own sector table exactly.
- Figures that were unavailable are left out, and nothing was filled from memory or from another fund.
- Growth of $10,000 is derived from annualized market price total returns on matched dates; dollar values are approximate.
- Returns are computed from daily adjusted closing prices (distributions reinvested) so both funds share the same dates (the 10-year figure runs from Dec 30, 2016, 9.9 years); issuer NAV returns, where captured, are shown beside them with their dates. Standard deviation is computed from 36 monthly total returns, Nov 2023 to Oct 2026, the same way for every fund.
Educational research, not personalized investment, tax or legal advice, and not a recommendation to buy or sell any fund. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Calculators are hypothetical illustrations. Fund data are provided as published by the sources named and may differ from current figures.