PID vs. SCHP
PID (Invesco International Dividend Achievers™ ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - PID is a Global Equities fund tracking the Nasdaq International Dividend Achievers (NR), 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, PID returned 9.48%/yr vs 2.60%/yr for SCHP. At a 0.01 correlation, their price movements are largely independent. PID charges 0.56%/yr vs 0.03%/yr for SCHP.
Performance
PID vs. SCHP - Performance Comparison
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Returns By Period
In the year-to-date period, PID achieves a 5.91% return, which is significantly higher than SCHP's 1.42% return. Over the past 10 years, PID has outperformed SCHP with an annualized return of 9.48%, while SCHP has yielded a comparatively lower 2.60% annualized return.
PID
- 1D
- 0.40%
- 1M
- 2.21%
- YTD
- 5.91%
- 6M
- 6.22%
- 1Y
- 15.02%
- 3Y*
- 12.52%
- 5Y*
- 8.44%
- 10Y*
- 9.48%
SCHP
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 1.42%
- 6M
- 1.48%
- 1Y
- 4.83%
- 3Y*
- 4.14%
- 5Y*
- 1.06%
- 10Y*
- 2.60%
PID vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PID Invesco International Dividend Achievers™ ETF | 5.91% | 24.45% | 3.08% | 14.28% | -6.48% | 24.49% | -6.56% | 25.87% | -11.46% | 19.05% |
SCHP Schwab U.S. TIPS ETF | 1.42% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
Correlation
The correlation between PID and SCHP is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | 0.01 |
Over the past year, PID and SCHP have become more correlated (0.30) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
PID vs. SCHP — Risk / Return Rank
PID
SCHP
PID vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International Dividend Achievers™ ETF (PID) 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.
| PID | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.45 | -0.53 |
| Martin ratioReturn relative to average drawdown | 6.50 | 7.41 | -0.90 |
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Drawdowns
PID vs. SCHP - Drawdown Comparison
The maximum PID drawdown since its inception was -66.34%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for PID and SCHP.
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Drawdown Indicators
| PID | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.34% | -14.26% | -52.08% |
Max Drawdown (1Y)Largest decline over 1 year | -7.47% | -1.93% | -5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -13.34% | -4.48% | -8.86% |
Max Drawdown (5Y)Largest decline over 5 years | -22.97% | -14.26% | -8.71% |
Max Drawdown (10Y)Largest decline over 10 years | -46.07% | -14.26% | -31.81% |
Current DrawdownCurrent decline from peak | -1.77% | -0.44% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -13.02% | -3.93% | -9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.64% | +1.58% |
Volatility
PID vs. SCHP - Volatility Comparison
Invesco International Dividend Achievers™ ETF (PID) has a higher volatility of 2.88% compared to Schwab U.S. TIPS ETF (SCHP) at 1.02%. This indicates that PID'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
| PID | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.88% | 1.02% | +1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 7.72% | 2.24% | +5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.83% | 3.30% | +6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.97% | 6.12% | +7.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 5.59% | +12.20% |
PID vs. SCHP - Expense Ratio Comparison
PID has a 0.56% expense ratio, which is higher than SCHP's 0.03% expense ratio.
Dividends
PID vs. SCHP - Dividend Comparison
PID's dividend yield for the trailing twelve months is around 3.26%, less than SCHP's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PID Invesco International Dividend Achievers™ ETF | 3.26% | 3.28% | 3.88% | 3.31% | 3.30% | 3.30% | 3.16% | 3.99% | 3.87% | 3.46% | 3.90% | 4.48% |
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
PID and SCHP have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PID has higher volatility (2.88%) compared to SCHP (1.02%). In terms of maximum drawdown, PID dropped -66.34% vs SCHP's -14.26%.
On 10-year performance, PID leads with 9.48% vs 2.60% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PID has performed better with a 9.48% return vs 2.60%. 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 0.56% for PID.
SCHP has the higher dividend yield at 3.99%, compared with 3.26% for PID.
PID is categorized as Global Equities, while SCHP is Inflation-Protected Bonds. PID tracks Nasdaq International Dividend Achievers (NR), while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.56% for PID and 0.03% for SCHP.
PID currently has the higher Sharpe Ratio (1.47 vs 1.44), 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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