IBIK vs. SCHP
IBIK (iShares iBonds Oct 2034 Term TIPS ETF) and SCHP (Schwab U.S. TIPS ETF) are both Inflation-Protected Bonds funds - IBIK tracks the iBonds Oct 2034 Term TIPS Index while SCHP tracks the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Both are passively managed. Over the past year, IBIK returned 5.54% vs 4.83% for SCHP. Their correlation of 0.95 suggests significant overlap in exposure. IBIK charges 0.10%/yr vs 0.03%/yr for SCHP.
Performance
IBIK vs. SCHP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBIK achieves a 1.43% return, which is significantly lower than SCHP's 1.61% return.
IBIK
- 1D
- -0.02%
- 1M
- -0.29%
- YTD
- 1.43%
- 6M
- 1.01%
- 1Y
- 5.54%
- 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%
IBIK vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIK iShares iBonds Oct 2034 Term TIPS ETF | 1.43% | 8.78% | 1.43% |
SCHP Schwab U.S. TIPS ETF | 1.61% | 6.76% | 2.21% |
Correlation
The correlation between IBIK and SCHP is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 28, 2024 | 0.95 |
The correlation between IBIK and SCHP has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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
IBIK vs. SCHP — Risk / Return Rank
IBIK
SCHP
IBIK vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2034 Term TIPS ETF (IBIK) 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.
| IBIK | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.51 | -0.29 |
| Martin ratioReturn relative to average drawdown | 7.74 | 7.67 | +0.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IBIK | SCHP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 1.48 | -0.15 |
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 | 1.08 | 0.51 | +0.57 |
Drawdowns
IBIK vs. SCHP - Drawdown Comparison
The maximum IBIK drawdown since its inception was -5.59%, smaller than the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for IBIK and SCHP.
Loading charts...
Drawdown Indicators
| IBIK | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.59% | -14.26% | +8.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -1.93% | -0.57% |
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 | -0.67% | -0.25% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -3.94% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.63% | +0.09% |
Volatility
IBIK vs. SCHP - Volatility Comparison
iShares iBonds Oct 2034 Term TIPS ETF (IBIK) has a higher volatility of 1.19% compared to Schwab U.S. TIPS ETF (SCHP) at 0.89%. This indicates that IBIK'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.
Loading charts...
Volatility by Period
| IBIK | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.89% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 2.20% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 3.29% | +0.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 6.12% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 5.59% | -0.26% |
IBIK vs. SCHP - Expense Ratio Comparison
IBIK 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
IBIK vs. SCHP - Dividend Comparison
IBIK's dividend yield for the trailing twelve months is around 3.73%, less than SCHP's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIK iShares iBonds Oct 2034 Term TIPS ETF | 3.73% | 4.43% | 2.67% | 0.00% | 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
With a correlation of 0.96, IBIK and SCHP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IBIK has higher volatility (1.19%) compared to SCHP (0.89%). In terms of maximum drawdown, IBIK dropped -5.59% vs SCHP's -14.26%.
On 1-year performance, IBIK leads with 5.54% vs 4.83% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIK has performed better with a 5.54% return vs 4.83%. 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 IBIK.
SCHP has the higher dividend yield at 3.99%, compared with 3.73% for IBIK.
IBIK tracks iBonds Oct 2034 Term TIPS 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 IBIK and 0.03% for SCHP.
SCHP currently has the higher Sharpe Ratio (1.48 vs 1.33), 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 IBIK and SCHP
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