VNQ vs SCHH: Dividend Yield, Total Return & Fees Compared

Vanguard Real Estate Index Fund ETF SharesSchwab U.S. REIT ETF

Data as of the close · refreshed automatically every trading day

Performance: VNQ vs SCHH

Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.

VNQSCHH

Total Return (%) · dividends reinvested · Nov 7, 2025 – Nov 9, 2026

DividendDuel.com
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Higher yieldVNQ3.50% vs 2.84%
Better 1-year total returnSCHH+15.08% vs +11.93%
Better 5-year total returnSCHH+11.39% vs +7.35%
Expense ratio—VNQ n/a · SCHH n/a

VNQ vs SCHH at a glance

Vanguard Real Estate Index Fund ETF Shares (VNQ) and Schwab U.S. REIT ETF (SCHH) are compared below using data through the November 9, 2026 close, refreshed after every trading day.

Over the past year, SCHH returned +15.08% with dividends reinvested, compared with +11.93% for VNQ. VNQ currently yields 3.50% (trailing 12-month) against 2.84% for SCHH. Across five years the total-return gap is +11.39% for SCHH vs +7.35% for VNQ.

The higher-yielding fund (VNQ) has trailed on 1-year total return. Yield only measures the income a fund pays; total return also counts the change in share price, so it is the fuller basis for comparing the two.

Key figures for VNQ and SCHH
MetricVNQSCHH
Last close$97.30$23.86
Dividend yield3.50% (TTM)2.84% (TTM)
Expense ratio——
Paysquarterlyquarterly
Dividends, last 12 months$3.41 (4 payments)$0.6784 (4 payments)
IssuerVanguardSchwab
Inception——

Overview

Key fund stats as of the latest close.

ETFTTM yield1Y total returnLast closeLast dividendPaysIssuer
VNQVanguard Real Estate Index Fund ETF Shares
3.50%
+11.93%$97.30$0.8046QuarterlyVanguard
SCHHSchwab U.S. REIT ETF
2.84%
Best+15.08%$23.86$0.1732QuarterlySchwab

Total returns

Price change plus dividends paid, by holding period. Best in each period is outlined.

ETF1M3M6M1Y2Y5Y
VNQVanguard Real Estate Index Fund ETF Shares+7.34%-0.28%+2.49%+11.93%+9.56%+7.35%
SCHHSchwab U.S. REIT ETF+7.38%-0.27%+2.91%+15.08%+11.83%+11.39%

Dividends

Latest payout, trailing 12-month total and the last 12 distributions.

ETFLatest payoutvs. priorTrailing 12MRecent payouts
VNQVanguard Real Estate Index Fund ETF Shares$0.8046Sep 23, 2026-5.94%$3.40624 payoutsDec 21, 2023: $1.0683Mar 22, 2024: $0.7324Jun 28, 2024: $1.0328Sep 27, 2024: $0.8128Dec 23, 2024: $0.8555Mar 25, 2025: $0.9319Jun 26, 2025: $0.8678Sep 24, 2025: $0.8716Dec 22, 2025: $0.8005Mar 24, 2026: $0.9457Jun 24, 2026: $0.8554Sep 23, 2026: $0.8046
SCHHSchwab U.S. REIT ETF$0.1732Sep 23, 2026+2.91%$0.67844 payoutsDec 6, 2023: $0.2245Mar 20, 2024: $0.1074Jun 26, 2024: $0.1899Sep 25, 2024: $0.1397Dec 11, 2024: $0.2421Mar 26, 2025: $0.0985Jun 25, 2025: $0.1588Sep 24, 2025: $0.1555Dec 10, 2025: $0.2222Mar 25, 2026: $0.1147Jun 24, 2026: $0.1683Sep 23, 2026: $0.1732

Downside and distribution variability

Income and ending returns do not describe the whole investment experience.

Across 1,265 shared trading dates from October 26, 2021 to November 9, 2026, the largest observed peak-to-trough decline with dividends reinvested was -34.50% for VNQ and -33.26% for SCHH. These figures use the same available dates for both instruments, exclude intraday moves, and are not forecasts.

VNQ's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.8005 to $0.9457 per share across 4 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.

SCHH's recorded distributions over the 12 months ending November 9, 2026 ranged from $0.1147 to $0.2222 per share across 4 distribution dates. A payment range includes special distributions and does not establish the amount of a future payment.

Fund expense ratios are annual operating costs, not a bill added to the historical returns shown here. Trading spreads, brokerage costs and personal taxes can reduce an investor's realized return.

Recent distributions

The latest 12 distributions per share, newest first. Dates are reported ex-dividend dates, not cash payment dates.

VNQSCHH
Sep 23, 2026$0.8046Sep 23, 2026$0.1732
Jun 24, 2026$0.8554Jun 24, 2026$0.1683
Mar 24, 2026$0.9457Mar 25, 2026$0.1147
Dec 22, 2025$0.8005Dec 10, 2025$0.2222
Sep 24, 2025$0.8716Sep 24, 2025$0.1555
Jun 26, 2025$0.8678Jun 25, 2025$0.1588
Mar 25, 2025$0.9319Mar 26, 2025$0.0985
Dec 23, 2024$0.8555Dec 11, 2024$0.2421
Sep 27, 2024$0.8128Sep 25, 2024$0.1397
Jun 28, 2024$1.03Jun 26, 2024$0.1899
Mar 22, 2024$0.7324Mar 20, 2024$0.1074
Dec 21, 2023$1.07Dec 6, 2023$0.2245

VNQ vs SCHH: common questions

Which pays a higher dividend, VNQ or SCHH?

As of November 9, 2026, VNQ yields 3.50% (trailing 12-month) and SCHH yields 2.84% (trailing 12-month), so VNQ currently pays the higher yield. A higher yield does not guarantee a higher total return.

Which has performed better, VNQ or SCHH?

Over the past year with dividends reinvested, VNQ returned +11.93% and SCHH returned +15.08%. Over five years, VNQ returned +7.35% and SCHH returned +11.39%. Past performance does not predict future results.

What would $10,000 in VNQ vs SCHH be worth after one year?

With dividends reinvested, $10,000 invested one year before November 9, 2026 would have grown to about $11,193 in VNQ and $11,508 in SCHH.

How often do VNQ and SCHH pay dividends?

VNQ pays quarterly (4 payments in the last 12 months) and SCHH pays quarterly (4 payments).

Is VNQ or SCHH the better investment?

It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.

Research VNQ and SCHH beyond the yield

Check whether you are comparing a property company with a diversified fund or two different real-estate portfolios. Examine concentration, expenses and distributions alongside total return.

Review Vanguard Real Estate Index Fund ETF Shares (VNQ) payment history and Schwab U.S. REIT ETF (SCHH) payment history before choosing assumptions for the dividend reinvestment calculator. Run each scenario separately; the calculator uses your rates rather than importing these historical returns.

For a cash target, use the income goal calculator. Read our guide to comparing dividend ETFs and data and editorial approach for context on the historical figures.

Related comparisons

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Published by Delta Dividends LLC. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.