Data as of Oct 28, 2026.

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PFF vs SCHH: Differences, Returns & Fees

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Over the year to Oct 28, 2026, PFF returned −4.2% to SCHH's +8.7%; 1% of their weight is in the same names.

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Net assets: $11.8bn on Oct 27, 2026 for iShares Preferred and Income Securities ETF, and $11.2bn on Aug 31, 2026 for Schwab U.S. REIT ETF.

At a glance
−4.2%
PFF total return, 1 year
+8.7%
SCHH total return, 1 year
0.45%
PFF expense ratio
0.07%
SCHH expense ratio

Pair scorecard

SCHH costs 0.38 points a year less; their one-year returns differ by 12.9 points.

PFF vs SCHH: Differences, Returns & Fees
MeasurePFFSCHH
Return
Total return, 1 year−4.2%+8.7%
Drawdown
Below its high7.1%, high on May 8, 20268.5%, high on Jul 24, 2026
Benchmark
What it tracksICE Exchange-Listed Preferred & Hybrid Securities IndexUS REIT
Cost and size
Expense ratio0.45%0.07%
Net assets, PFF as of Oct 27, 2026 and SCHH as of Aug 31, 2026$11.8bn$11.2bn
Holdings
Holdings in common1%
Top ten holdings, share of the fund22.7%51.6%

Holdings in common uses holdings dated Aug 31, 2026 and Oct 27, 2026. Method

Risk and return

Jan 21, 2011 to Oct 23, 2026 · 822 weekly returns
PFF SCHH
Return
Total return edge SCHH +84.6% +175.1%
Annualized edge SCHH +4.0% +6.6%
Price return edge SCHH −26.2% +79.9%
Risk
Volatility edge PFF 10.6% 20.9%
Max drawdown edge PFF −27.2% −42.3%
Risk-adjusted
Sharpe edge SCHH 0.27 0.33
Sortino edge SCHH 0.38 0.47
Calmar edge SCHH (slight) 0.15 0.16
Reading

SCHH returned more: +175.1% to +84.6%. PFF swung less: 10.6% to 20.9%. PFF fell less at its worst: −27.2% to −42.3%.

Full scorecard

9 measures, with how each is measured
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Risk and return: PFF vs SCHH: Differences, Returns & Fees
MeasurePFFSCHHEdgeHow it is measured
Return
Total return+84.6%+175.1%SCHHPrice change plus distributions, reinvested.
Annualized+4.0%+6.6%SCHHTotal return as a yearly rate.
Price return−26.2%+79.9%SCHHPrice change alone, distributions left out.
Risk
Volatility10.6%20.9%PFFSpread of weekly returns, annualized. Lower is steadier.
Downside deviation7.5%14.7%PFFLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−27.2%−42.3%PFFDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.270.33SCHHReturn above Treasury bills per unit of volatility.
Sortino0.380.47SCHHReturn above Treasury bills per unit of downside deviation.
Calmar0.150.16SCHH (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 822 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

1%

By the books each fund has filed, PFF and SCHH hold 1% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first PFF SCHH
PUBLIC STORAGE 0.18% 3.62%
DIGITAL REALTY TRUST INC 0.12% 4.54%
SL GREEN REALTY CORP 0.10% 0.28%
VORNADO REALTY TRUST 0.10% 0.41%
UMH PROPERTIES INC 0.14% 0.09%
PEBBLEBROOK HOTEL TRUST 0.09% 0.14%
KIMCO REALTY CORPORATION 0.08% 1.12%
AGREE REALTY CORP 0.06% 0.61%
EPR PROPERTIES 0.06% 0.32%
AMERICAN HOMES 4 RENT 0.05% 0.74%
GLOBAL NET LEASE INC 0.05% 0.14%
LXP INDUSTRIAL TRUST 0.05% 0.25%
Only in one fund ↓
Only in PFF
STRATEGY INC 3.53%
BOEING CO 3.11%
HEWLETT PACKARD ENTERPRISE CONV PR 2.36%
ALPHABET INC 2.31%
SUPER MICRO COMPUTER INC 2.27%
ALPHABET INC 2.26%
WELLS FARGO & COMPANY SERIES L 2.14%
ORACLE CORPORATION 2.06%
Only in SCHH
Welltower Inc 11.05%
Prologis Inc 8.79%
Simon Property Group Inc 4.59%
Equinix Inc 4.27%
American Tower Corp 4.24%
Realty Income Corp 4.02%
Vivmark Residential 3.35%
Ventas Inc 3.12%
Check overlap with more funds →

Side by side

PFF iShares Preferred and Income Securities ETF SCHH Schwab U.S. REIT ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of Preferred and Income Securities Tracks an index of US REIT
Total return, 1 year −4.2% +8.7%
Its benchmark over the same days +13.6% (MLRG) not measured
Gap to its benchmark −17.8 pts vs MLRG not measured
Expense ratio 0.45% 0.07%
Already in the S&P 500 0.0% 73.9%
Holdings 453 117
Net assets, PFF as of Oct 27, 2026 and SCHH as of Aug 31, 2026 $11.8bn $11.2bn

PFF and SCHH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-FA7920221C

PFF and SCHH do different jobs. What does each one do in a portfolio?

  1. What each follows. PFF follows ICE Exchange-Listed Preferred & Hybrid Securities Index and SCHH follows US REIT.
  2. Holdings in common. 1% of the weight is in the same securities (holdings dated Oct 27, 2026 and Aug 31, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 PFF returned −4.2% and SCHH +8.7% with distributions reinvested, a gap of 12.9 points.

Data as of Oct 28, 2026.

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About each fund
PFF

PFF tracks an index of Preferred and Income Securities. Over the year to Oct 28, 2026 it returned −4.2% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.45% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 453 positions, with the top ten at 22.7%. It sat 7.1% below its high of May 8, 2026 on Oct 28, 2026.

SCHH

SCHH tracks an index of US REIT. Over the year to Oct 28, 2026 it returned +8.7% with distributions reinvested. The prospectus expense ratio is 0.07% a year. By its holdings filed for Aug 31, 2026, 74% of the fund by weight is stocks the S&P 500 also holds, across 117 positions, with the top ten at 51.6%. It sat 8.5% below its high of Jul 24, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, PFF or SCHH?
In the year to Oct 28, 2026, with distributions reinvested, PFF returned −4.2% and SCHH +8.7%.
Which is cheaper, PFF or SCHH?
SCHH is cheaper, by 0.38 percentage points a year. That is about $38 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do PFF and SCHH overlap with the S&P 500?
By their latest filed holdings, 0% of PFF and 74% of SCHH by weight is stocks the S&P 500 already holds.
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ETFIQ, PFF against SCHH, data as of Oct 28, 2026. https://etfiq.com/compare/any/pff-vs-schh

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