BKIPX vs. SWRSX
Compare and contrast key facts about iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX).
BKIPX is a passively managed fund by iShares that tracks the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index. It was launched on Feb 16, 2016. SWRSX is managed by Charles Schwab. It was launched on Mar 30, 2006.
Performance
BKIPX vs. SWRSX - Performance Comparison
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BKIPX vs. SWRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BKIPX iShares Short-Term TIPS Bond Index Fund Class K | 0.73% | 6.08% | 4.77% | 3.37% | -4.18% | 5.21% | 4.86% | 4.90% | 0.61% | 0.90% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 0.39% | 6.84% | 1.95% | 3.80% | -12.01% | 5.83% | 10.88% | 8.38% | -1.32% | 2.60% |
Returns By Period
In the year-to-date period, BKIPX achieves a 0.73% return, which is significantly higher than SWRSX's 0.39% return.
BKIPX
- 1D
- 0.20%
- 1M
- -0.20%
- YTD
- 0.73%
- 6M
- 1.06%
- 1Y
- 3.68%
- 3Y*
- 4.22%
- 5Y*
- 2.90%
- 10Y*
- —
SWRSX
- 1D
- 0.58%
- 1M
- -1.33%
- YTD
- 0.39%
- 6M
- 0.33%
- 1Y
- 2.91%
- 3Y*
- 3.14%
- 5Y*
- 1.42%
- 10Y*
- 2.57%
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BKIPX vs. SWRSX - Expense Ratio Comparison
BKIPX has a 0.06% expense ratio, which is higher than SWRSX's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BKIPX vs. SWRSX — Risk / Return Rank
BKIPX
SWRSX
BKIPX vs. SWRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX). 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.
| BKIPX | SWRSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.84 | 0.84 | +1.00 |
Sortino ratioReturn per unit of downside risk | 3.16 | 1.17 | +2.00 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.16 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 4.28 | 1.44 | +2.84 |
Martin ratioReturn relative to average drawdown | 12.41 | 4.27 | +8.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BKIPX | SWRSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 0.84 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 0.24 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.57 | +0.54 |
Correlation
The correlation between BKIPX and SWRSX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BKIPX vs. SWRSX - Dividend Comparison
BKIPX's dividend yield for the trailing twelve months is around 3.60%, more than SWRSX's 3.36% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKIPX iShares Short-Term TIPS Bond Index Fund Class K | 3.60% | 4.68% | 4.33% | 2.77% | 4.80% | 4.41% | 1.17% | 2.54% | 2.56% | 1.90% | 0.00% | 0.00% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 3.36% | 4.20% | 3.68% | 3.11% | 7.95% | 4.45% | 1.33% | 2.20% | 2.87% | 1.75% | 1.81% | 1.06% |
Drawdowns
BKIPX vs. SWRSX - Drawdown Comparison
The maximum BKIPX drawdown since its inception was -6.42%, smaller than the maximum SWRSX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for BKIPX and SWRSX.
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Drawdown Indicators
| BKIPX | SWRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.42% | -14.29% | +7.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -2.68% | +1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -6.42% | -14.29% | +7.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -0.51% | -1.33% | +0.82% |
Average DrawdownAverage peak-to-trough decline | -1.08% | -3.75% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.90% | -0.51% |
Volatility
BKIPX vs. SWRSX - Volatility Comparison
The current volatility for iShares Short-Term TIPS Bond Index Fund Class K (BKIPX) is 0.66%, while Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) has a volatility of 1.30%. This indicates that BKIPX experiences smaller price fluctuations and is considered to be less risky than SWRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BKIPX | SWRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.66% | 1.30% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 1.27% | 2.17% | -0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 4.00% | -1.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 6.05% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 5.39% | -2.77% |