IYT vs. SCHP
IYT (iShares Transportation Average ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - IYT is a Transportation Equities fund tracking the Dow Jones Transportation Average Index, 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 10 years, IYT returned 11.13%/yr vs 2.52%/yr for SCHP. At a correlation of -0.09, they often move in opposite directions. IYT charges 0.42%/yr vs 0.03%/yr for SCHP.
Performance
IYT vs. SCHP - Performance Comparison
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Returns By Period
In the year-to-date period, IYT achieves a 13.27% return, which is significantly higher than SCHP's 0.81% return. Over the past 10 years, IYT has outperformed SCHP with an annualized return of 11.13%, while SCHP has yielded a comparatively lower 2.52% annualized return.
IYT
- 1D
- -0.78%
- 1M
- 3.24%
- YTD
- 13.27%
- 6M
- 12.06%
- 1Y
- 27.89%
- 3Y*
- 13.54%
- 5Y*
- 6.34%
- 10Y*
- 11.13%
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%
IYT vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IYT iShares Transportation Average ETF | 13.27% | 11.48% | 4.10% | 24.62% | -21.74% | 26.41% | 14.20% | 20.11% | -12.87% | 18.89% |
SCHP Schwab U.S. TIPS ETF | 0.81% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
Correlation
The correlation between IYT and SCHP is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | -0.09 |
The correlation between IYT and SCHP shifts across timeframes, from -0.09 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IYT vs. SCHP — Risk / Return Rank
IYT
SCHP
IYT vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Transportation Average ETF (IYT) 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.
| IYT | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.18 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.82 | +0.50 |
| Martin ratioReturn relative to average drawdown | 7.51 | 5.39 | +2.12 |
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Drawdowns
IYT vs. SCHP - Drawdown Comparison
The maximum IYT drawdown since its inception was -60.39%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for IYT and SCHP.
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Drawdown Indicators
| IYT | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.39% | -14.26% | -46.13% |
Max Drawdown (1Y)Largest decline over 1 year | -12.09% | -1.93% | -10.16% |
Max Drawdown (3Y)Largest decline over 3 years | -26.35% | -4.48% | -21.87% |
Max Drawdown (5Y)Largest decline over 5 years | -29.15% | -14.26% | -14.89% |
Max Drawdown (10Y)Largest decline over 10 years | -41.28% | -14.26% | -27.02% |
Current DrawdownCurrent decline from peak | -2.97% | -1.04% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -3.92% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 0.65% | +3.07% |
Volatility
IYT vs. SCHP - Volatility Comparison
iShares Transportation Average ETF (IYT) has a higher volatility of 7.09% compared to Schwab U.S. TIPS ETF (SCHP) at 1.20%. This indicates that IYT'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
| IYT | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 1.20% | +5.89% |
Volatility (6M)Calculated over the trailing 6-month period | 16.27% | 2.39% | +13.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.70% | 3.35% | +17.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 6.11% | +16.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.16% | 5.59% | +17.57% |
IYT vs. SCHP - Expense Ratio Comparison
IYT has a 0.42% expense ratio, which is higher than SCHP's 0.03% expense ratio.
Dividends
IYT vs. SCHP - Dividend Comparison
IYT's dividend yield for the trailing twelve months is around 0.93%, less than SCHP's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYT iShares Transportation Average ETF | 0.93% | 1.00% | 1.08% | 1.26% | 1.40% | 0.77% | 0.93% | 1.29% | 1.35% | 0.92% | 0.96% | 1.28% |
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
IYT and SCHP have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IYT has higher volatility (7.09%) compared to SCHP (1.20%). In terms of maximum drawdown, IYT dropped -60.39% vs SCHP's -14.26%.
On 10-year performance, IYT leads with 11.13% vs 2.52% 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 10-year period, IYT has performed better with a 11.13% return vs 2.52%. 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 0.42% for IYT.
SCHP has the higher dividend yield at 4.02%, compared with 0.93% for IYT.
IYT is categorized as Transportation Equities, while SCHP is Inflation-Protected Bonds. IYT tracks Dow Jones Transportation Average 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: 0.42% for IYT and 0.03% for SCHP.
IYT currently has the higher Sharpe Ratio (1.36 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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