PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
AVES vs. SCHP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

AVES vs. SCHP

Last updated Jun 13, 2026

AVES (Avantis Emerging Markets Value ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - AVES 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). AVES is actively managed, while SCHP is passively managed. Over the past 3 years, AVES returned 19.19%/yr vs 4.14%/yr for SCHP. At a 0.17 correlation, their price movements are largely independent. AVES charges 0.36%/yr vs 0.03%/yr for SCHP.

Performance

AVES vs. SCHP - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, AVES achieves a 15.51% return, which is significantly higher than SCHP's 1.42% return.

AVES

1D
0.32%
1M
0.12%
YTD
15.51%
6M
18.20%
1Y
31.51%
3Y*
19.19%
5Y*
—
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)

AVES vs. SCHP - Yearly Performance Comparison

2026 (YTD)20252024202320222021
AVES
Avantis Emerging Markets Value ETF		15.51%30.49%4.50%16.79%-16.04%0.95%
SCHP
Schwab U.S. TIPS ETF		1.42%6.76%1.95%3.91%-12.02%2.45%

Correlation

The correlation between AVES and SCHP is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Sep 30, 2021

0.17

The correlation between AVES and SCHP shifts across timeframes, from 0.17 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

AVES vs. SCHP - Sectors Allocation Comparison

Sectors
AVES
SCHP

Financial Services

25.3%
0.0%

Technology

21.4%

-

Industrials

13.3%

-

Basic Materials

9.8%

-

Consumer Cyclical

9.6%
100.0%

Communication Services

5.3%

-

Energy

4.0%

-

Consumer Defensive

3.2%

-

Real Estate

2.4%

-

Healthcare

2.1%

-

Utilities

1.7%

-

Financial Services

AVES
25.3%
SCHP
0.0%

Technology

AVES
21.4%
SCHP

-

Industrials

AVES
13.3%
SCHP

-

Basic Materials

AVES
9.8%
SCHP

-

Consumer Cyclical

AVES
9.6%
SCHP
100.0%

Communication Services

AVES
5.3%
SCHP

-

Energy

AVES
4.0%
SCHP

-

Consumer Defensive

AVES
3.2%
SCHP

-

Real Estate

AVES
2.4%
SCHP

-

Healthcare

AVES
2.1%
SCHP

-

Utilities

AVES
1.7%
SCHP

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Avantis Emerging Markets Value ETF

Schwab U.S. TIPS ETF

Often compared with AVES:
AVES vs. AVEMAVES vs. AVEEAVES vs. VWOAVES vs. DFEVAVES vs. DGSAVES vs. FNDEAVES vs. DFEVX
Often compared with SCHP:
SCHP vs. VTIPSCHP vs. TIPSCHP vs. SCHZSCHP vs. FIPDXSCHP vs. STIPSCHP vs. SCHDSCHP vs. BND

Return for Risk

AVES vs. SCHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AVES
AVES Risk / Return Rank: 5454
Overall Rank
AVES Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
AVES Sortino Ratio Rank: 5252
Sortino Ratio Rank
AVES Omega Ratio Rank: 5858
Omega Ratio Rank
AVES Calmar Ratio Rank: 5353
Calmar Ratio Rank
AVES Martin Ratio Rank: 5555
Martin Ratio Rank
SCHP
SCHP Risk / Return Rank: 5050
Overall Rank
SCHP Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SCHP Sortino Ratio Rank: 5151
Sortino Ratio Rank
SCHP Omega Ratio Rank: 4545
Omega Ratio Rank
SCHP Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHP Martin Ratio Rank: 5050
Martin Ratio Rank
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.

AVES vs. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Value ETF (AVES) 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.

AVESSCHPDifference
Sharpe ratioReturn per unit of total volatility
1.64
1.44

+0.20

Sortino ratioReturn per unit of downside risk
2.22
2.19

+0.03

Omega ratioGain probability vs. loss probability

1.31

1.25

+0.06

Calmar ratioReturn relative to maximum drawdown

2.32

2.45

-0.13

Martin ratioReturn relative to average drawdown

8.40

7.41

+0.99

AVES vs. SCHP - Sharpe Ratio Comparison

The current AVES Sharpe Ratio is 1.64, which is comparable to the SCHP Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of AVES 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.

Loading charts...

Drawdowns

AVES vs. SCHP - Drawdown Comparison

The maximum AVES drawdown since its inception was -27.40%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for AVES and SCHP.

Loading charts...

Drawdown Indicators

AVESSCHPDifference

Max Drawdown

Largest peak-to-trough decline

-27.40%

-14.26%

-13.14%

Max Drawdown (1Y)

Largest decline over 1 year

-12.90%

-1.93%

-10.97%

Max Drawdown (3Y)

Largest decline over 3 years

-18.50%

-4.48%

-14.02%

Max Drawdown (5Y)

Largest decline over 5 years

—

-14.26%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-14.26%

—

Current Drawdown

Current decline from peak

-2.45%

-0.44%

-2.01%

Average Drawdown

Average peak-to-trough decline

-7.70%

-3.93%

-3.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.56%

0.64%

+2.92%

Volatility

AVES vs. SCHP - Volatility Comparison

Avantis Emerging Markets Value ETF (AVES) has a higher volatility of 8.89% compared to Schwab U.S. TIPS ETF (SCHP) at 1.02%. This indicates that AVES'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.

Loading charts...

Volatility by Period

AVESSCHPDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.89%

1.02%

+7.87%

Volatility (6M)

Calculated over the trailing 6-month period

15.88%

2.24%

+13.64%

Volatility (1Y)

Calculated over the trailing 1-year period

18.34%

3.30%

+15.04%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.20%

6.12%

+11.08%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.20%

5.59%

+11.61%

AVES vs. SCHP - Expense Ratio Comparison

AVES has a 0.36% expense ratio, which is higher than SCHP's 0.03% expense ratio.

Dividends

AVES vs. SCHP - Dividend Comparison

AVES's dividend yield for the trailing twelve months is around 3.53%, less than SCHP's 3.99% yield.

PositionTTM20252024202320222021202020192018201720162015
AVES
Avantis Emerging Markets Value ETF		3.53%3.17%4.09%3.96%3.70%0.62%0.00%0.00%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

AVES and SCHP have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

AVES has higher volatility (8.89%) compared to SCHP (1.02%). In terms of maximum drawdown, AVES dropped -27.40% vs SCHP's -14.26%.

On 3-year performance, AVES leads with 19.19% vs 4.14% 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.

Over the 3-year period, AVES has performed better with a 19.19% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SCHP is cheaper with a 0.03% expense ratio, compared with 0.36% for AVES.

SCHP has the higher dividend yield at 3.99%, compared with 3.53% for AVES.

AVES 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: 0.36% for AVES and 0.03% for SCHP.

AVES currently has the higher Sharpe Ratio (1.64 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.

Portfolio Optimizer

Find the right allocation for AVES and SCHP

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer