IFRA vs. SCHP
IFRA (iShares U.S. Infrastructure ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - IFRA is a Industrials Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR), while SCHP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Both are passively managed. Over the past 5 years, IFRA returned 14.07%/yr vs 0.99%/yr for SCHP. At a 0.11 correlation, their price movements are largely independent. IFRA charges 0.30%/yr vs 0.03%/yr for SCHP.
Performance
IFRA vs. SCHP - Performance Comparison
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Returns By Period
In the year-to-date period, IFRA achieves a 19.25% return, which is significantly higher than SCHP's 0.81% return.
IFRA
- 1D
- -0.86%
- 1M
- 2.48%
- YTD
- 19.25%
- 6M
- 17.89%
- 1Y
- 30.85%
- 3Y*
- 20.61%
- 5Y*
- 14.07%
- 10Y*
- —
SCHP
- 1D
- 0.00%
- 1M
- -0.18%
- YTD
- 0.81%
- 6M
- 0.88%
- 1Y
- 3.49%
- 3Y*
- 3.67%
- 5Y*
- 0.99%
- 10Y*
- 2.52%
IFRA vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IFRA iShares U.S. Infrastructure ETF | 19.25% | 15.90% | 17.02% | 13.42% | -3.32% | 29.81% | 7.37% | 27.00% | -7.97% |
SCHP Schwab U.S. TIPS ETF | 0.81% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -0.83% |
Correlation
The correlation between IFRA and SCHP is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | 0.11 |
The correlation between IFRA and SCHP shifts across timeframes, from 0.11 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IFRA vs. SCHP — Risk / Return Rank
IFRA
SCHP
IFRA vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Infrastructure ETF (IFRA) 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.
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.
| IFRA | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.18 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 1.82 | +1.87 |
| Martin ratioReturn relative to average drawdown | 13.48 | 5.39 | +8.09 |
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Drawdowns
IFRA vs. SCHP - Drawdown Comparison
The maximum IFRA drawdown since its inception was -41.06%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for IFRA and SCHP.
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Drawdown Indicators
| IFRA | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.06% | -14.26% | -26.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.40% | -1.93% | -6.47% |
Max Drawdown (3Y)Largest decline over 3 years | -19.93% | -4.48% | -15.45% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -14.26% | -5.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.26% | — |
Current DrawdownCurrent decline from peak | -0.86% | -1.04% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -5.12% | -3.92% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.29% | 0.65% | +1.64% |
Volatility
IFRA vs. SCHP - Volatility Comparison
iShares U.S. Infrastructure ETF (IFRA) has a higher volatility of 5.19% compared to Schwab U.S. TIPS ETF (SCHP) at 1.20%. This indicates that IFRA'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.
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Volatility by Period
| IFRA | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 1.20% | +3.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 2.39% | +9.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.21% | 3.35% | +11.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.91% | 6.11% | +11.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.36% | 5.59% | +15.77% |
IFRA vs. SCHP - Expense Ratio Comparison
IFRA has a 0.30% expense ratio, which is higher than SCHP's 0.03% expense ratio.
Dividends
IFRA vs. SCHP - Dividend Comparison
IFRA's dividend yield for the trailing twelve months is around 1.56%, less than SCHP's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IFRA iShares U.S. Infrastructure ETF | 1.56% | 1.84% | 1.75% | 1.98% | 1.98% | 1.63% | 2.08% | 1.68% | 2.50% | 0.00% | 0.00% | 0.00% |
SCHP Schwab U.S. TIPS ETF | 4.02% | 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
IFRA and SCHP have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IFRA has higher volatility (5.19%) compared to SCHP (1.20%). In terms of maximum drawdown, IFRA dropped -41.06% vs SCHP's -14.26%.
On 5-year performance, IFRA leads with 14.07% vs 0.99% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 1.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IFRA has performed better with a 14.07% return vs 0.99%. 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 0.30% for IFRA.
SCHP has the higher dividend yield at 4.02%, compared with 1.56% for IFRA.
IFRA is categorized as Industrials Equities, while SCHP is Inflation-Protected Bonds. IFRA tracks NYSE FactSet U.S. Infrastructure Index (TR), 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: 0.30% for IFRA and 0.03% for SCHP.
IFRA currently has the higher Sharpe Ratio (2.05 vs 1.05), 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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