AVEM vs. SCHP

Last updated Jun 13, 2026

AVEM (Avantis Emerging Markets Equity ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - AVEM is a Emerging Markets Equities fund actively managed by Avantis, while SCHP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). AVEM is actively managed, while SCHP is passively managed. Over the past 5 years, AVEM returned 9.66%/yr vs 1.06%/yr for SCHP. At a 0.11 correlation, their price movements are largely independent. AVEM charges 0.33%/yr vs 0.03%/yr for SCHP.

Performance

AVEM vs. SCHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis Emerging Markets Equity ETF (AVEM) and Schwab U.S. TIPS ETF (SCHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVEM achieves a 25.08% return, which is significantly higher than SCHP's 1.42% return.

AVEM

• 1D: 0.42%
• 1M: 1.30%
• YTD: 25.08%
• 6M: 27.86%
• 1Y: 47.18%
• 3Y*: 24.04%
• 5Y*: 9.66%
• 10Y*: —

SCHP

• 1D: 0.04%
• 1M: -0.10%
• YTD: 1.42%
• 6M: 1.48%
• 1Y: 4.83%
• 3Y*: 4.14%
• 5Y*: 1.06%
• 10Y*: 2.60%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVEM vs. SCHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVEM Avantis Emerging Markets Equity ETF	25.08%	34.48%	7.49%	15.30%	-18.15%	5.16%	14.39%	10.40%
SCHP Schwab U.S. TIPS ETF	1.42%	6.76%	1.95%	3.91%	-12.02%	5.87%	10.86%	1.27%

Correlation

The correlation between AVEM and SCHP is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (All Time) Calculated using the full available price history since Sep 19, 2019	0.11

The correlation between AVEM and SCHP shifts across timeframes, from 0.11 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

AVEM vs. SCHP - Sectors Allocation Comparison

Sectors	AVEM	SCHP
Technology	32.3%	-
Financial Services	20.7%	0.0%
Consumer Cyclical	9.2%	100.0%
Industrials	9.2%	-
Basic Materials	8.1%	-
Communication Services	5.4%	-
Energy	5.1%	-
Consumer Defensive	3.1%	-
Healthcare	2.8%	-
Utilities	2.6%	-
Real Estate	1.6%	-

Return for Risk

AVEM vs. SCHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVEM

AVEM Risk / Return Rank: 77
AVEM Sharpe Ratio Rank: 78
AVEM Sortino Ratio Rank: 72
AVEM Omega Ratio Rank: 79
AVEM Calmar Ratio Rank: 77
AVEM Martin Ratio Rank: 79

SCHP

SCHP Risk / Return Rank: 50
SCHP Sharpe Ratio Rank: 47
SCHP Sortino Ratio Rank: 51
SCHP Omega Ratio Rank: 45
SCHP Calmar Ratio Rank: 56
SCHP Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVEM vs. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity ETF (AVEM) and Schwab U.S. TIPS ETF (SCHP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVEM	SCHP	Difference
Sharpe ratio: Return per unit of total volatility	2.15	1.44	+0.71
Sortino ratio: Return per unit of downside risk	2.78	2.19	+0.60
Omega ratio: Gain probability vs. loss probability	1.40	1.25	+0.15
Calmar ratio: Return relative to maximum drawdown	3.46	2.45	+1.01
Martin ratio: Return relative to average drawdown	13.15	7.41	+5.75

AVEM vs. SCHP - Sharpe Ratio Comparison

The current AVEM Sharpe Ratio is 2.15, which is higher than the SCHP Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of AVEM and SCHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AVEM vs. SCHP - Drawdown Comparison

The maximum AVEM drawdown since its inception was -36.05%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for AVEM and SCHP.

Drawdown Indicators

	AVEM	SCHP	Difference
Max Drawdown Largest peak-to-trough decline	-36.05%	-14.26%	-21.79%
Max Drawdown (1Y) Largest decline over 1 year	-13.13%	-1.93%	-11.20%
Max Drawdown (3Y) Largest decline over 3 years	-18.02%	-4.48%	-13.54%
Max Drawdown (5Y) Largest decline over 5 years	-33.88%	-14.26%	-19.62%
Max Drawdown (10Y) Largest decline over 10 years	—	-14.26%	—
Current Drawdown Current decline from peak	-3.33%	-0.44%	-2.89%
Average Drawdown Average peak-to-trough decline	-10.07%	-3.93%	-6.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	0.64%	+2.81%

Volatility

AVEM vs. SCHP - Volatility Comparison

Avantis Emerging Markets Equity ETF (AVEM) has a higher volatility of 10.91% compared to Schwab U.S. TIPS ETF (SCHP) at 1.02%. This indicates that AVEM's price experiences larger fluctuations and is considered to be riskier than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVEM	SCHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.91%	1.02%	+9.89%
Volatility (6M) Calculated over the trailing 6-month period	18.79%	2.24%	+16.55%
Volatility (1Y) Calculated over the trailing 1-year period	21.17%	3.30%	+17.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.71%	6.12%	+12.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.76%	5.59%	+15.17%

AVEM vs. SCHP - Expense Ratio Comparison

AVEM has a 0.33% expense ratio, which is higher than SCHP's 0.03% expense ratio.

Dividends

AVEM vs. SCHP - Dividend Comparison

AVEM's dividend yield for the trailing twelve months is around 2.59%, less than SCHP's 3.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEM Avantis Emerging Markets Equity ETF	2.59%	2.45%	3.17%	3.06%	2.77%	2.61%	1.60%	0.35%	0.00%	0.00%	0.00%	0.00%
SCHP Schwab U.S. TIPS ETF	3.99%	4.06%	2.99%	3.02%	7.19%	4.39%	1.11%	2.02%	2.26%	1.90%	1.38%	0.28%

Frequently Asked Questions

Can I hold both AVEM and SCHP in my portfolio?

AVEM and SCHP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVEM or SCHP?

AVEM has higher volatility (10.91%) compared to SCHP (1.02%). In terms of maximum drawdown, AVEM dropped -36.05% vs SCHP's -14.26%.

Which ETF is better, AVEM or SCHP?

On 5-year performance, AVEM leads with 9.66% vs 1.06% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVEM or SCHP?

Over the 5-year period, AVEM has performed better with a 9.66% return vs 1.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVEM or SCHP?

SCHP is cheaper with a 0.03% expense ratio, compared with 0.33% for AVEM.

Which ETF pays a higher dividend yield, AVEM or SCHP?

SCHP has the higher dividend yield at 3.99%, compared with 2.59% for AVEM.

What is the main difference between AVEM and SCHP?

AVEM is categorized as Emerging Markets Equities, while SCHP is Inflation-Protected Bonds. They also come from different issuers: Avantis and Charles Schwab. Their fees differ too: 0.33% for AVEM and 0.03% for SCHP.

Which has better risk-adjusted returns?

AVEM currently has the higher Sharpe Ratio (2.15 vs 1.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.