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FNDA vs. SPIP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FNDA vs. SPIP

Last updated Jun 9, 2026

FNDA (Schwab Fundamental US Small Co. Index ETF) and SPIP (SPDR Portfolio TIPS ETF) are both exchange-traded funds - FNDA is a Small Cap Blend Equities fund tracking the Russell RAFI Small Company US, while SPIP is a Inflation-Protected Bonds fund tracking the Bloomberg Barclays US Government Inflation-linked Bond Index. Both are passively managed. Over the past 10 years, FNDA returned 10.81%/yr vs 2.50%/yr for SPIP. At a correlation of -0.02, they often move in opposite directions. FNDA charges 0.25%/yr vs 0.12%/yr for SPIP.

Performance

FNDA vs. SPIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Fundamental US Small Co. Index ETF (FNDA) and SPDR Portfolio TIPS ETF (SPIP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FNDA achieves a 14.40% return, which is significantly higher than SPIP's 0.90% return. Over the past 10 years, FNDA has outperformed SPIP with an annualized return of 10.81%, while SPIP has yielded a comparatively lower 2.50% annualized return.

FNDA

1D
0.64%
1M
-0.11%
YTD
14.40%
6M
14.29%
1Y
29.17%
3Y*
14.87%
5Y*
6.73%
10Y*
10.81%

SPIP

1D
-0.16%
1M
-0.83%
YTD
0.90%
6M
0.92%
1Y
4.77%
3Y*
3.64%
5Y*
0.78%
10Y*
2.50%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FNDA vs. SPIP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FNDA
Schwab Fundamental US Small Co. Index ETF		14.40%7.44%9.00%20.29%-14.83%31.12%8.44%24.34%-12.12%12.68%
SPIP
SPDR Portfolio TIPS ETF		0.90%6.78%2.35%2.98%-12.84%5.80%11.41%9.14%-1.53%3.16%

Correlation

The correlation between FNDA and SPIP 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

0.24

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 16, 2013

-0.02

The correlation between FNDA and SPIP shifts across timeframes, from -0.02 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

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

Schwab Fundamental US Small Co. Index ETF

SPDR Portfolio TIPS ETF

Often compared with FNDA:
FNDA vs. SCHAFNDA vs. FNDCFNDA vs. VBKFNDA vs. IFRAFNDA vs. SPYFNDA vs. IGFFNDA vs. LRGF
Often compared with SPIP:
SPIP vs. TIPSPIP vs. VTIPSPIP vs. SCHPSPIP vs. TIPXSPIP vs. FIPDXSPIP vs. TDTTSPIP vs. BKLN

Return for Risk

FNDA vs. SPIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FNDA
FNDA Risk / Return Rank: 5959
Overall Rank
FNDA Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
FNDA Sortino Ratio Rank: 5858
Sortino Ratio Rank
FNDA Omega Ratio Rank: 5252
Omega Ratio Rank
FNDA Calmar Ratio Rank: 6969
Calmar Ratio Rank
FNDA Martin Ratio Rank: 6262
Martin Ratio Rank
SPIP
SPIP Risk / Return Rank: 4545
Overall Rank
SPIP Sharpe Ratio Rank: 4242
Sharpe Ratio Rank
SPIP Sortino Ratio Rank: 4343
Sortino Ratio Rank
SPIP Omega Ratio Rank: 4242
Omega Ratio Rank
SPIP Calmar Ratio Rank: 5252
Calmar Ratio Rank
SPIP Martin Ratio Rank: 4646
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.

FNDA vs. SPIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental US Small Co. Index ETF (FNDA) and SPDR Portfolio TIPS ETF (SPIP). 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.

FNDASPIPDifference
Sharpe ratioReturn per unit of total volatility
1.70
1.35

+0.35

Sortino ratioReturn per unit of downside risk
2.47
1.98

+0.49

Omega ratioGain probability vs. loss probability

1.29

1.24

+0.05

Calmar ratioReturn relative to maximum drawdown

3.13

2.34

+0.79

Martin ratioReturn relative to average drawdown

10.09

6.86

+3.23

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNDA vs. SPIP - Sharpe Ratio Comparison

The current FNDA Sharpe Ratio is 1.70, which is comparable to the SPIP Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of FNDA and SPIP, 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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Sharpe Ratios by Period

FNDASPIPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.70

1.35

+0.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.32

0.12

+0.20

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.42

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.49

0.52

-0.04

Drawdowns

FNDA vs. SPIP - Drawdown Comparison

The maximum FNDA drawdown since its inception was -44.64%, which is greater than SPIP's maximum drawdown of -15.39%. Use the drawdown chart below to compare losses from any high point for FNDA and SPIP.

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Drawdown Indicators

FNDASPIPDifference

Max Drawdown

Largest peak-to-trough decline

-44.64%

-15.39%

-29.25%

Max Drawdown (1Y)

Largest decline over 1 year

-9.36%

-2.04%

-7.32%

Max Drawdown (3Y)

Largest decline over 3 years

-25.92%

-4.76%

-21.16%

Max Drawdown (5Y)

Largest decline over 5 years

-25.92%

-15.39%

-10.53%

Max Drawdown (10Y)

Largest decline over 10 years

-44.64%

-15.39%

-29.25%

Current Drawdown

Current decline from peak

-1.42%

-1.60%

+0.18%

Average Drawdown

Average peak-to-trough decline

-6.69%

-4.10%

-2.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

0.70%

+2.20%

Volatility

FNDA vs. SPIP - Volatility Comparison

Schwab Fundamental US Small Co. Index ETF (FNDA) has a higher volatility of 4.61% compared to SPDR Portfolio TIPS ETF (SPIP) at 1.00%. This indicates that FNDA's price experiences larger fluctuations and is considered to be riskier than SPIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FNDASPIPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.61%

1.00%

+3.61%

Volatility (6M)

Calculated over the trailing 6-month period

11.98%

2.57%

+9.41%

Volatility (1Y)

Calculated over the trailing 1-year period

17.24%

3.56%

+13.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.91%

6.57%

+14.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.39%

6.01%

+16.38%

FNDA vs. SPIP - Expense Ratio Comparison

FNDA has a 0.25% expense ratio, which is higher than SPIP's 0.12% 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%.

Dividends

FNDA vs. SPIP - Dividend Comparison

FNDA's dividend yield for the trailing twelve months is around 1.09%, less than SPIP's 4.78% yield.

PositionTTM20252024202320222021202020192018201720162015
FNDA
Schwab Fundamental US Small Co. Index ETF		1.09%1.22%1.53%1.37%1.38%1.15%1.31%1.38%1.64%1.30%1.18%1.33%
SPIP
SPDR Portfolio TIPS ETF		4.78%4.09%3.36%3.70%7.05%4.53%1.97%2.91%2.80%3.02%1.88%0.14%

Frequently Asked Questions

FNDA and SPIP 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.

FNDA has higher volatility (4.61%) compared to SPIP (1.00%). In terms of maximum drawdown, FNDA dropped -44.64% vs SPIP's -15.39%.

On 10-year performance, FNDA leads with 10.81% vs 2.50% for SPIP. On fees, SPIP is cheaper at 0.12% per year. On volatility, SPIP has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FNDA has performed better with a 10.81% return vs 2.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPIP is cheaper with a 0.12% expense ratio, compared with 0.25% for FNDA.

SPIP has the higher dividend yield at 4.78%, compared with 1.09% for FNDA.

FNDA is categorized as Small Cap Blend Equities, while SPIP is Inflation-Protected Bonds. FNDA tracks Russell RAFI Small Company US, while SPIP tracks Bloomberg Barclays US Government Inflation-linked Bond Index. They also come from different issuers: Charles Schwab and State Street. Their fees differ too: 0.25% for FNDA and 0.12% for SPIP.

FNDA currently has the higher Sharpe Ratio (1.70 vs 1.35), 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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