IYR vs SCHH
iShares U.S. Real Estate ETF vs Schwab U.S. REIT ETF
Last updated: 2026-04-02
iShares U.S. Real Estate ETF (IYR) is an exchange-traded fund issued by iShares that provides exposure to U.S. real estate investment trusts (REITs) and real estate companies. It charges an above-average expense ratio of 0.38%. The fund offers a moderate dividend yield of 2.37%. Launched in 2000, the fund has a 26-year track record.
Schwab U.S. REIT ETF (SCHH) is an exchange-traded fund 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 3.02%. Launched in 2011, the fund has a 15-year track record.
Quick Verdict
SCHH is significantly cheaper at 0.07% vs 0.38% expense ratio, saving you approximately $608 per $10,000 invested over 10 years. SCHH has edged ahead over the past year (0.2% vs -1.0%). Income investors may prefer SCHH for its higher yield (3.0% vs 2.4%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
9 of top 10 holdings overlap (90% overlap in top holdings)
IYR Top Holdings
| Name | Weight |
|---|---|
| Welltower Inc.WELL | 10.03% |
| Prologis, Inc.PLD | 9.11% |
| Equinix, Inc.EQIX | 4.68% |
| Digital Realty Trust, Inc.DLR | 4.59% |
| Simon Property Group, Inc.SPG | 4.50% |
| Realty Income CorporationO | 4.44% |
| American Tower CorporationAMT | 4.39% |
| Public StoragePSA | 3.40% |
| Ventas, Inc.VTR | 3.15% |
| CBRE Group, Inc.CBRE | 3.10% |
SCHH Top Holdings
| Name | Weight |
|---|---|
| Welltower Inc.WELL | 10.05% |
| Prologis, Inc.PLD | 8.81% |
| Equinix, Inc.EQIX | 4.82% |
| Digital Realty Trust, Inc.DLR | 4.40% |
| Realty Income CorporationO | 4.33% |
| American Tower CorporationAMT | 4.31% |
| Simon Property Group, Inc.SPG | 4.31% |
| Public StoragePSA | 3.26% |
| Ventas, Inc.VTR | 3.02% |
| Crown Castle Inc.CCI | 2.66% |
Which One Should You Choose?
Choose SCHH 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...
you prioritize dividend income and want higher regular distributions from your portfolio.
Either works if...
you just need broad us real estate exposure. Both are solid options — pick whichever your brokerage offers commission-free.