FNDX vs. TIP
FNDX (Schwab Fundamental U.S. Large Company Index ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - FNDX is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Both are passively managed. Over the past 10 years, FNDX returned 14.45%/yr vs 2.53%/yr for TIP. At a correlation of -0.02, they often move in opposite directions. FNDX charges 0.25%/yr vs 0.18%/yr for TIP.
Performance
FNDX vs. TIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNDX achieves a 15.49% return, which is significantly higher than TIP's 1.40% return. Over the past 10 years, FNDX has outperformed TIP with an annualized return of 14.45%, while TIP has yielded a comparatively lower 2.53% annualized return.
FNDX
- 1D
- 0.90%
- 1M
- 3.30%
- YTD
- 15.49%
- 6M
- 14.86%
- 1Y
- 32.83%
- 3Y*
- 20.28%
- 5Y*
- 13.11%
- 10Y*
- 14.45%
TIP
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- 1.40%
- 6M
- 1.42%
- 1Y
- 4.76%
- 3Y*
- 4.00%
- 5Y*
- 0.91%
- 10Y*
- 2.53%
FNDX vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNDX Schwab Fundamental U.S. Large Company Index ETF | 15.49% | 16.94% | 16.77% | 18.23% | -6.92% | 31.73% | 9.12% | 28.65% | -7.30% | 17.12% |
TIP iShares TIPS Bond ETF | 1.40% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between FNDX and TIP is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2013 | -0.02 |
The correlation between FNDX and TIP shifts across timeframes, from -0.02 (all time) to 0.23 (3 years), 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.
Return for Risk
FNDX vs. TIP — Risk / Return Rank
FNDX
TIP
FNDX vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental U.S. Large Company Index ETF (FNDX) and iShares TIPS Bond ETF (TIP). 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.
| FNDX | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.24 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 5.23 | 2.34 | +2.89 |
| Martin ratioReturn relative to average drawdown | 20.31 | 7.00 | +13.31 |
Loading charts...
Drawdowns
FNDX vs. TIP - Drawdown Comparison
The maximum FNDX drawdown since its inception was -37.72%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for FNDX and TIP.
Loading charts...
Drawdown Indicators
| FNDX | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.72% | -14.57% | -23.15% |
Max Drawdown (1Y)Largest decline over 1 year | -6.06% | -1.98% | -4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -16.30% | -4.54% | -11.76% |
Max Drawdown (5Y)Largest decline over 5 years | -19.06% | -14.51% | -4.55% |
Max Drawdown (10Y)Largest decline over 10 years | -37.72% | -14.51% | -23.21% |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -3.55% | -3.43% | -0.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.56% | 0.66% | +0.90% |
Volatility
FNDX vs. TIP - Volatility Comparison
Schwab Fundamental U.S. Large Company Index ETF (FNDX) has a higher volatility of 3.18% compared to iShares TIPS Bond ETF (TIP) at 1.03%. This indicates that FNDX's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNDX | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 1.03% | +2.15% |
Volatility (6M)Calculated over the trailing 6-month period | 7.58% | 2.32% | +5.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.45% | 3.39% | +7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 6.21% | +9.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 5.74% | +11.77% |
FNDX vs. TIP - Expense Ratio Comparison
FNDX has a 0.25% expense ratio, which is higher than TIP's 0.18% 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
FNDX vs. TIP - Dividend Comparison
FNDX's dividend yield for the trailing twelve months is around 1.44%, less than TIP's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDX Schwab Fundamental U.S. Large Company Index ETF | 1.44% | 1.63% | 1.76% | 1.82% | 2.07% | 1.64% | 2.29% | 2.23% | 2.40% | 1.86% | 2.01% | 2.01% |
TIP iShares TIPS Bond ETF | 3.76% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Frequently Asked Questions
FNDX and TIP have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNDX has higher volatility (3.18%) compared to TIP (1.03%). In terms of maximum drawdown, FNDX dropped -37.72% vs TIP's -14.57%.
On 10-year performance, FNDX leads with 14.45% vs 2.53% for TIP. On fees, TIP is cheaper at 0.18% per year. On volatility, TIP has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FNDX has performed better with a 14.45% return vs 2.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TIP is cheaper with a 0.18% expense ratio, compared with 0.25% for FNDX.
TIP has the higher dividend yield at 3.76%, compared with 1.44% for FNDX.
FNDX is categorized as Large Cap Value Equities, while TIP is Inflation-Protected Bonds. FNDX tracks RAFI Fundamental High Liquidity US Large Index, while TIP tracks ICE U.S. Treasury Inflation Linked Bond Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.25% for FNDX and 0.18% for TIP.
FNDX currently has the higher Sharpe Ratio (3.03 vs 1.37), 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.
Find the right allocation for FNDX and TIP
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