GTIP vs. SCHP

Last updated Apr 1, 2026

Compare and contrast key facts about Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and Schwab U.S. TIPS ETF (SCHP).

GTIP and SCHP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GTIP is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. It was launched on Oct 2, 2018. SCHP is a passively managed fund by Charles Schwab that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Aug 5, 2010. Both GTIP and SCHP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

GTIP vs. SCHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and Schwab U.S. TIPS ETF (SCHP). The values are adjusted to include any dividend payments, if applicable.

GTIP vs. SCHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF	0.49%	6.63%	2.04%	3.88%	-12.14%	5.86%	10.83%	8.33%	0.24%
SCHP Schwab U.S. TIPS ETF	0.45%	6.76%	1.95%	3.91%	-12.02%	5.87%	10.86%	8.52%	-0.09%

Returns By Period

In the year-to-date period, GTIP achieves a 0.49% return, which is significantly higher than SCHP's 0.45% return.

GTIP

• 1D: 0.04%
• 1M: -1.35%
• YTD: 0.49%
• 6M: 0.38%
• 1Y: 2.93%
• 3Y*: 3.06%
• 5Y*: 1.34%
• 10Y*: —

SCHP

• 1D: 0.11%
• 1M: -1.26%
• YTD: 0.45%
• 6M: 0.38%
• 1Y: 2.96%
• 3Y*: 3.15%
• 5Y*: 1.39%
• 10Y*: 2.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GTIP vs. SCHP - Expense Ratio Comparison

GTIP has a 0.12% expense ratio, which is higher than SCHP'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%.

GTIP

Goldman Sachs Access Inflation Protected USD Bond ETF

SCHP

Schwab U.S. TIPS ETF

Return for Risk

GTIP vs. SCHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GTIP

GTIP Risk / Return Rank: 39
GTIP Sharpe Ratio Rank: 40
GTIP Sortino Ratio Rank: 37
GTIP Omega Ratio Rank: 33
GTIP Calmar Ratio Rank: 46
GTIP Martin Ratio Rank: 38

SCHP

SCHP Risk / Return Rank: 42
SCHP Sharpe Ratio Rank: 43
SCHP Sortino Ratio Rank: 38
SCHP Omega Ratio Rank: 35
SCHP Calmar Ratio Rank: 52
SCHP Martin Ratio Rank: 41

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.

GTIP vs. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) 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.

	GTIP	SCHP	Difference
Sharpe ratio Return per unit of total volatility	0.73	0.74	-0.01
Sortino ratio Return per unit of downside risk	1.03	1.02	+0.01
Omega ratio Gain probability vs. loss probability	1.13	1.13	0.00
Calmar ratio Return relative to maximum drawdown	1.15	1.21	-0.06
Martin ratio Return relative to average drawdown	3.44	3.63	-0.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GTIP vs. SCHP - Sharpe Ratio Comparison

The current GTIP Sharpe Ratio is 0.73, which is comparable to the SCHP Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of GTIP and SCHP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GTIP	SCHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	0.74	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.23	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.50	+0.04

Correlation

The correlation between GTIP and SCHP is 0.97, 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

GTIP vs. SCHP - Dividend Comparison

GTIP's dividend yield for the trailing twelve months is around 4.43%, more than SCHP's 3.98% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF	4.43%	4.58%	3.52%	2.77%	6.47%	3.82%	1.04%	2.34%	0.66%	0.00%	0.00%	0.00%
SCHP Schwab U.S. TIPS ETF	3.98%	4.06%	2.99%	3.02%	7.19%	4.39%	1.11%	2.02%	2.26%	1.90%	1.38%	0.28%

Drawdowns

GTIP vs. SCHP - Drawdown Comparison

The maximum GTIP drawdown since its inception was -14.31%, roughly equal to the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for GTIP and SCHP.

Drawdown Indicators

	GTIP	SCHP	Difference
Max Drawdown Largest peak-to-trough decline	-14.31%	-14.26%	-0.05%
Max Drawdown (1Y) Largest decline over 1 year	-2.86%	-2.78%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	-14.31%	-14.26%	-0.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-14.26%	—
Current Drawdown Current decline from peak	-1.35%	-1.26%	-0.09%
Average Drawdown Average peak-to-trough decline	-4.32%	-3.98%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.96%	0.93%	+0.03%

Volatility

GTIP vs. SCHP - Volatility Comparison

Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and Schwab U.S. TIPS ETF (SCHP) have volatilities of 1.42% and 1.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GTIP	SCHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.42%	1.36%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.33%	2.22%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	4.05%	4.06%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.08%	6.14%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.06%	5.60%	+0.46%