Data as of Oct 28, 2026.
SCHH vs TLT: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHH returned +8.7% to TLT's −7.9%; 0% of their weight is in the same names.
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Net assets: $11.2bn on Aug 31, 2026 for Schwab U.S. REIT ETF, and $47.4bn on Oct 27, 2026 for iShares 20+ Year Treasury Bond ETF.
Pair scorecard
SCHH costs 0.08 points a year less; their one-year returns differ by 16.6 points.
| Measure | SCHH | TLT |
|---|---|---|
| Return | ||
| Total return, 1 year | +8.7% | −7.9% |
| Drawdown | ||
| Below its high | 8.5%, high on Jul 24, 2026 | 42.6%, high on Aug 4, 2020 |
| Benchmark | ||
| What it tracks | US REIT | ICE U.S. Treasury 20+ Year Bond Index |
| Cost and size | ||
| Expense ratio | 0.07% | 0.15% |
| Net assets, SCHH as of Aug 31, 2026 and TLT as of Oct 27, 2026 | $11.2bn | $47.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 74% | |
| Top ten holdings, share of the fund | 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 returnsSCHH returned more: +175.1% to +40.0%. TLT swung less: 14.1% to 20.9%. SCHH fell less at its worst: −42.3% to −47.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SCHH | TLT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +175.1% | +40.0% | SCHH | Price change plus distributions, reinvested. |
| Annualized | +6.6% | +2.2% | SCHH | Total return as a yearly rate. |
| Price return | +79.9% | −11.1% | SCHH | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 20.9% | 14.1% | TLT | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.7% | 10.0% | TLT | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −42.3% | −47.8% | SCHH | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.33 | 0.11 | SCHH | Return above Treasury bills per unit of volatility. |
| Sortino | 0.47 | 0.15 | SCHH | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.16 | 0.05 | SCHH | 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
By the books each fund has filed, SCHH and TLT hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
SCHH and TLT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHH and TLT do different jobs. What does each one do in a portfolio?
- What each follows. SCHH follows US REIT and TLT follows ICE U.S. Treasury 20+ Year Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SCHH returned +8.7% and TLT −7.9% with distributions reinvested, a gap of 16.6 points.
Data as of Oct 28, 2026.
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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.
TLT
TLT tracks an index of 20+ year Treasuries. Over the year to Oct 28, 2026 it returned −7.9% with distributions reinvested, against −7.8% for its benchmark, the ICE U.S. Treasury 20+ Year Bond Index. The prospectus expense ratio is 0.15% a year. It sat 42.6% below its high of Aug 4, 2020 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SCHH or TLT?
- In the year to Oct 28, 2026, with distributions reinvested, SCHH returned +8.7% and TLT −7.9%.
- Which is cheaper, SCHH or TLT?
- SCHH is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, SCHH against TLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/schh-vs-tlt
ETFIQ. (Oct 28, 2026). SCHH against TLT. Retrieved from https://etfiq.com/compare/any/schh-vs-tlt
[SCHH against TLT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/schh-vs-tlt)
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