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DES vs. SCHP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DES vs. SCHP

Last updated Jun 13, 2026

DES (WisdomTree U.S. SmallCap Dividend Fund) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - DES is a Small Cap Blend Equities fund tracking the WisdomTree SmallCap Dividend (TR), while SCHP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Both are passively managed. Over the past 10 years, DES returned 8.59%/yr vs 2.60%/yr for SCHP. At a correlation of -0.06, they often move in opposite directions. DES charges 0.38%/yr vs 0.03%/yr for SCHP.

Performance

DES vs. SCHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. SmallCap Dividend Fund (DES) and Schwab U.S. TIPS ETF (SCHP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DES achieves a 20.48% return, which is significantly higher than SCHP's 1.42% return. Over the past 10 years, DES has outperformed SCHP with an annualized return of 8.59%, while SCHP has yielded a comparatively lower 2.60% annualized return.

DES

1D
0.98%
1M
5.05%
YTD
20.48%
6M
17.29%
1Y
31.80%
3Y*
14.46%
5Y*
6.81%
10Y*
8.59%

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)

DES vs. SCHP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DES
WisdomTree U.S. SmallCap Dividend Fund		20.48%0.25%9.93%16.50%-10.96%26.51%-4.26%20.26%-12.85%8.64%
SCHP
Schwab U.S. TIPS ETF		1.42%6.76%1.95%3.91%-12.02%5.87%10.86%8.52%-1.78%3.02%

Correlation

The correlation between DES and SCHP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.23

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

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (10Y)
Calculated over the trailing 10-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Aug 5, 2010

-0.06

The correlation between DES and SCHP shifts across timeframes, from -0.06 (all time) to 0.23 (3 years), reflecting how their relationship changes across market environments.

DES vs. SCHP - Sectors Allocation Comparison

Sectors
DES
SCHP

Financial Services

23.7%
0.0%

Consumer Cyclical

14.8%
100.0%

Industrials

13.3%

-

Energy

10.7%

-

Real Estate

9.6%

-

Basic Materials

6.0%

-

Technology

5.5%

-

Utilities

4.6%

-

Consumer Defensive

4.3%

-

Communication Services

2.8%

-

Healthcare

1.7%

-

Financial Services

DES
23.7%
SCHP
0.0%

Consumer Cyclical

DES
14.8%
SCHP
100.0%

Industrials

DES
13.3%
SCHP

-

Energy

DES
10.7%
SCHP

-

Real Estate

DES
9.6%
SCHP

-

Basic Materials

DES
6.0%
SCHP

-

Technology

DES
5.5%
SCHP

-

Utilities

DES
4.6%
SCHP

-

Consumer Defensive

DES
4.3%
SCHP

-

Communication Services

DES
2.8%
SCHP

-

Healthcare

DES
1.7%
SCHP

-

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WisdomTree U.S. SmallCap Dividend Fund

Schwab U.S. TIPS ETF

Often compared with DES:
DES vs. FDVVDES vs. AVUVDES vs. EESDES vs. IWNDES vs. SCHDDES vs. VBRDES vs. VXUS
Often compared with SCHP:
SCHP vs. VTIPSCHP vs. TIPSCHP vs. SCHZSCHP vs. FIPDXSCHP vs. STIPSCHP vs. SCHDSCHP vs. BND

Return for Risk

DES vs. SCHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DES
DES Risk / Return Rank: 6868
Overall Rank
DES Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
DES Sortino Ratio Rank: 6767
Sortino Ratio Rank
DES Omega Ratio Rank: 6060
Omega Ratio Rank
DES Calmar Ratio Rank: 8383
Calmar Ratio Rank
DES Martin Ratio Rank: 6969
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.

DES vs. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) 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.

DESSCHPDifference
Sharpe ratioReturn per unit of total volatility
1.79
1.44

+0.36

Sortino ratioReturn per unit of downside risk
2.66
2.19

+0.47

Omega ratioGain probability vs. loss probability

1.32

1.25

+0.06

Calmar ratioReturn relative to maximum drawdown

3.87

2.45

+1.42

Martin ratioReturn relative to average drawdown

11.13

7.41

+3.72

DES vs. SCHP - Sharpe Ratio Comparison

The current DES Sharpe Ratio is 1.79, which is comparable to the SCHP Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of DES 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.

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Drawdowns

DES vs. SCHP - Drawdown Comparison

The maximum DES drawdown since its inception was -65.48%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for DES and SCHP.

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Drawdown Indicators

DESSCHPDifference

Max Drawdown

Largest peak-to-trough decline

-65.48%

-14.26%

-51.22%

Max Drawdown (1Y)

Largest decline over 1 year

-7.64%

-1.93%

-5.71%

Max Drawdown (3Y)

Largest decline over 3 years

-25.16%

-4.48%

-20.68%

Max Drawdown (5Y)

Largest decline over 5 years

-25.16%

-14.26%

-10.90%

Max Drawdown (10Y)

Largest decline over 10 years

-45.65%

-14.26%

-31.39%

Current Drawdown

Current decline from peak

0.00%

-0.44%

+0.44%

Average Drawdown

Average peak-to-trough decline

-9.67%

-3.93%

-5.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.66%

0.64%

+2.02%

Volatility

DES vs. SCHP - Volatility Comparison

WisdomTree U.S. SmallCap Dividend Fund (DES) has a higher volatility of 4.28% compared to Schwab U.S. TIPS ETF (SCHP) at 1.02%. This indicates that DES'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.

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Volatility by Period

DESSCHPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.28%

1.02%

+3.26%

Volatility (6M)

Calculated over the trailing 6-month period

10.97%

2.24%

+8.73%

Volatility (1Y)

Calculated over the trailing 1-year period

16.48%

3.30%

+13.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.58%

6.12%

+13.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.97%

5.59%

+16.38%

DES vs. SCHP - Expense Ratio Comparison

DES has a 0.38% expense ratio, which is higher than SCHP's 0.03% expense ratio.

Dividends

DES vs. SCHP - Dividend Comparison

DES's dividend yield for the trailing twelve months is around 2.29%, less than SCHP's 3.99% yield.

PositionTTM20252024202320222021202020192018201720162015
DES
WisdomTree U.S. SmallCap Dividend Fund		2.29%2.85%2.81%2.65%2.89%2.31%2.75%2.68%3.65%2.89%2.70%3.09%
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

DES and SCHP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DES has higher volatility (4.28%) compared to SCHP (1.02%). In terms of maximum drawdown, DES dropped -65.48% vs SCHP's -14.26%.

On 10-year performance, DES leads with 8.59% vs 2.60% 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 10-year period, DES has performed better with a 8.59% return vs 2.60%. 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 0.38% for DES.

SCHP has the higher dividend yield at 3.99%, compared with 2.29% for DES.

DES is categorized as Small Cap Blend Equities, while SCHP is Inflation-Protected Bonds. DES tracks WisdomTree SmallCap Dividend (TR), while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). They also come from different issuers: WisdomTree and Charles Schwab. Their fees differ too: 0.38% for DES and 0.03% for SCHP.

DES currently has the higher Sharpe Ratio (1.79 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.

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