SCHH’s worst drop since 2011 was 44%
Schwab US REIT ETF (SCHH) fell 44% from Feb 2020 to Mar 2020. It took 1.3 years from that peak to close at a new high, in Jun 2021. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 119th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2011 to now
How SCHH held up in each crash
| Crash | Years | SCHH | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −44.2% | −33.7% |
| 2022 rate shock | 2022 | −31.4% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was SCHH’s maximum drawdown?
SCHH’s deepest fall since 2011 was 44.2%, from its high on February 21, 2020 to its low on March 23, 2020. The figure uses daily prices with dividends reinvested.
How long did SCHH take to recover?
1.3 years. SCHH first closed above its Feb 2020 high again on June 10, 2021.
Was SCHH riskier than the S&P 500?
Over the same years, SCHH’s worst drop was 44.2% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −36.7% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, January 14, 2011 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.