IBIG vs. SCHP
IBIG (iShares iBonds Oct 2030 Term TIPS ETF) and SCHP (Schwab U.S. TIPS ETF) are both Inflation-Protected Bonds funds - IBIG tracks the ICE 2030 Maturity US Inflation-Linked Treasury Index while SCHP tracks the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Both are passively managed. Over the past year, IBIG returned 4.77% vs 4.83% for SCHP. Their correlation of 0.92 suggests significant overlap in exposure. IBIG charges 0.10%/yr vs 0.03%/yr for SCHP.
Performance
IBIG vs. SCHP - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IBIG having a 1.60% return and SCHP slightly higher at 1.61%.
IBIG
- 1D
- -0.04%
- 1M
- -0.25%
- YTD
- 1.60%
- 6M
- 1.46%
- 1Y
- 4.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHP
- 1D
- 0.00%
- 1M
- 0.05%
- YTD
- 1.61%
- 6M
- 1.25%
- 1Y
- 4.83%
- 3Y*
- 3.99%
- 5Y*
- 1.13%
- 10Y*
- 2.66%
IBIG vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IBIG iShares iBonds Oct 2030 Term TIPS ETF | 1.60% | 7.90% | 2.60% | 4.26% |
SCHP Schwab U.S. TIPS ETF | 1.61% | 6.76% | 1.95% | 4.05% |
Correlation
The correlation between IBIG and SCHP is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | 0.92 |
The correlation between IBIG and SCHP has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.
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Return for Risk
IBIG vs. SCHP — Risk / Return Rank
IBIG
SCHP
IBIG vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2030 Term TIPS ETF (IBIG) 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.
| IBIG | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.55 | 2.51 | +1.04 |
| Martin ratioReturn relative to average drawdown | 12.17 | 7.67 | +4.50 |
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
| IBIG | SCHP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 1.48 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.19 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | 0.51 | +0.92 |
Drawdowns
IBIG vs. SCHP - Drawdown Comparison
The maximum IBIG drawdown since its inception was -3.21%, smaller than the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for IBIG and SCHP.
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Drawdown Indicators
| IBIG | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.21% | -14.26% | +11.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.35% | -1.93% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.26% | — |
Current DrawdownCurrent decline from peak | -0.47% | -0.25% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -3.94% | +3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.40% | 0.63% | -0.23% |
Volatility
IBIG vs. SCHP - Volatility Comparison
The current volatility for iShares iBonds Oct 2030 Term TIPS ETF (IBIG) is 0.60%, while Schwab U.S. TIPS ETF (SCHP) has a volatility of 0.89%. This indicates that IBIG experiences smaller price fluctuations and is considered to be less risky 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
| IBIG | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.89% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 2.20% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 3.29% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.28% | 6.12% | -1.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.28% | 5.59% | -1.31% |
IBIG vs. SCHP - Expense Ratio Comparison
IBIG has a 0.10% expense ratio, which is higher than SCHP's 0.03% 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
IBIG vs. SCHP - Dividend Comparison
IBIG's dividend yield for the trailing twelve months is around 3.89%, less than SCHP's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIG iShares iBonds Oct 2030 Term TIPS ETF | 3.89% | 4.70% | 4.15% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
IBIG and SCHP have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHP has higher volatility (0.89%) compared to IBIG (0.60%). In terms of maximum drawdown, IBIG dropped -3.21% vs SCHP's -14.26%.
On 1-year performance, SCHP leads with 4.83% vs 4.77% for IBIG. On fees, SCHP is cheaper at 0.03% per year. On volatility, IBIG has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCHP has performed better with a 4.83% return vs 4.77%. 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 0.10% for IBIG.
SCHP has the higher dividend yield at 3.99%, compared with 3.89% for IBIG.
IBIG tracks ICE 2030 Maturity US Inflation-Linked Treasury Index, while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.10% for IBIG and 0.03% for SCHP.
IBIG currently has the higher Sharpe Ratio (1.84 vs 1.48), 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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