SCHK vs. SCHP
SCHK (Schwab 1000 Index ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - SCHK is a Large Cap Blend Equities fund tracking the Schwab 1000 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 5 years, SCHK returned 12.15%/yr vs 1.03%/yr for SCHP. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.03% expense ratio.
Performance
SCHK vs. SCHP - Performance Comparison
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Returns By Period
In the year-to-date period, SCHK achieves a 8.17% return, which is significantly higher than SCHP's 1.15% return.
SCHK
- 1D
- -0.34%
- 1M
- -1.28%
- YTD
- 8.17%
- 6M
- 6.80%
- 1Y
- 21.87%
- 3Y*
- 20.60%
- 5Y*
- 12.15%
- 10Y*
- —
SCHP
- 1D
- 0.34%
- 1M
- 0.16%
- YTD
- 1.15%
- 6M
- 1.04%
- 1Y
- 3.69%
- 3Y*
- 3.79%
- 5Y*
- 1.03%
- 10Y*
- 2.55%
SCHK vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHK Schwab 1000 Index ETF | 8.17% | 17.23% | 24.48% | 26.63% | -19.51% | 26.17% | 20.75% | 31.31% | -5.09% | 5.24% |
SCHP Schwab U.S. TIPS ETF | 1.15% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 1.21% |
Correlation
The correlation between SCHK 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 | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2017 | 0.08 |
The correlation between SCHK and SCHP shifts across timeframes, from 0.08 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHK vs. SCHP — Risk / Return Rank
SCHK
SCHP
SCHK vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab 1000 Index ETF (SCHK) 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.
| SCHK | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 1.92 | +0.53 |
| Martin ratioReturn relative to average drawdown | 10.86 | 5.68 | +5.17 |
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Drawdowns
SCHK vs. SCHP - Drawdown Comparison
The maximum SCHK drawdown since its inception was -34.80%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for SCHK and SCHP.
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Drawdown Indicators
| SCHK | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.80% | -14.26% | -20.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.97% | -1.93% | -7.04% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -4.48% | -14.73% |
Max Drawdown (5Y)Largest decline over 5 years | -25.44% | -14.26% | -11.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.26% | — |
Current DrawdownCurrent decline from peak | -3.31% | -0.70% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -5.16% | -3.92% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.02% | 0.65% | +1.37% |
Volatility
SCHK vs. SCHP - Volatility Comparison
Schwab 1000 Index ETF (SCHK) has a higher volatility of 4.95% compared to Schwab U.S. TIPS ETF (SCHP) at 1.25%. This indicates that SCHK'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
| SCHK | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 1.25% | +3.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.07% | 2.40% | +7.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.82% | 3.36% | +9.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 6.11% | +11.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.12% | 5.59% | +13.53% |
SCHK vs. SCHP - Expense Ratio Comparison
Both SCHK and SCHP have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SCHK vs. SCHP - Dividend Comparison
SCHK's dividend yield for the trailing twelve months is around 1.03%, less than SCHP's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHK Schwab 1000 Index ETF | 1.03% | 1.09% | 1.20% | 1.38% | 1.57% | 1.17% | 1.58% | 1.82% | 1.80% | 0.31% | 0.00% | 0.00% |
SCHP Schwab U.S. TIPS ETF | 4.00% | 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
SCHK 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.
SCHK has higher volatility (4.95%) compared to SCHP (1.25%). In terms of maximum drawdown, SCHK dropped -34.80% vs SCHP's -14.26%.
On 5-year performance, SCHK leads with 12.15% vs 1.03% for SCHP. Both ETFs have the same 0.03% expense ratio. On volatility, SCHP has been the lower-risk option at 1.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SCHK has performed better with a 12.15% return vs 1.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHK and SCHP have the same expense ratio: 0.03% per year.
SCHP has the higher dividend yield at 4.00%, compared with 1.03% for SCHK.
SCHK is categorized as Large Cap Blend Equities, while SCHP is Inflation-Protected Bonds. SCHK tracks Schwab 1000 Index, while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L).
SCHK currently has the higher Sharpe Ratio (1.72 vs 1.10), 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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