SCHP vs. BND
SCHP (Schwab U.S. TIPS ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - SCHP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L), while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 10 years, SCHP returned 2.42%/yr vs 1.39%/yr for BND. Their 0.78 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.03% expense ratio.
Performance
SCHP vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, SCHP achieves a 0.54% return, which is significantly higher than BND's -0.43% return. Over the past 10 years, SCHP has outperformed BND with an annualized return of 2.42%, while BND has yielded a comparatively lower 1.39% annualized return.
SCHP
- 1D
- 0.08%
- 1M
- -0.98%
- 6M
- 0.20%
- YTD
- 0.54%
- 1Y
- 2.39%
- 3Y*
- 3.56%
- 5Y*
- 0.44%
- 10Y*
- 2.42%
- ALL TIME*
- 2.73%
BND
- 1D
- 0.08%
- 1M
- -1.52%
- 6M
- -0.67%
- YTD
- -0.43%
- 1Y
- 2.86%
- 3Y*
- 3.74%
- 5Y*
- -0.35%
- 10Y*
- 1.39%
- ALL TIME*
- 3.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $466.33M | $583.60M | $597.37M | |
| $100.32M | $98.62M | $110.39M |
SCHP vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 0.54% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
BND Vanguard Total Bond Market ETF | -0.43% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between SCHP and BND is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.89 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | 0.78 |
The correlation between SCHP and BND shifts across timeframes, from 0.78 (all time) to 0.89 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SCHP vs. BND — Risk / Return Rank
SCHP
BND
SCHP vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Vanguard Total Bond Market ETF (BND). 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.
| SCHP | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.17 | +0.13 |
| Martin ratioReturn relative to average drawdown | 3.63 | 3.04 | +0.59 |
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Drawdowns
SCHP vs. BND - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, smaller than the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for SCHP and BND.
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Drawdown Indicators
| SCHP | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -18.58% | +4.32% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -2.68% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.02% | -5.28% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | -17.91% | +3.65% |
Max Drawdown (10Y)Largest decline over 10 years | -14.26% | -18.58% | +4.32% |
Current DrawdownCurrent decline from peak | -1.30% | -3.04% | +1.74% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -3.06% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.03% | -0.34% |
Volatility
SCHP vs. BND - Volatility Comparison
The current volatility for Schwab U.S. TIPS ETF (SCHP) is 0.80%, while Vanguard Total Bond Market ETF (BND) has a volatility of 0.91%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHP | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.80% | 0.91% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 2.85% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.33% | 3.72% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.11% | 6.02% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.58% | 5.53% | +0.05% |
SCHP vs. BND - Expense Ratio Comparison
Both SCHP and BND 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
SCHP vs. BND - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 4.51%, more than BND's 4.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 4.02% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
SCHP Schwab U.S. TIPS ETF | 4.51% | 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
SCHP and BND have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BND has higher volatility (0.91%) compared to SCHP (0.80%). In terms of maximum drawdown, SCHP dropped -14.26% vs BND's -18.58%.
On 10-year performance, SCHP leads with 2.42% vs 1.39% for BND. Both ETFs have the same 0.03% expense ratio. On volatility, SCHP has been the lower-risk option at 0.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHP has performed better with a 2.42% return vs 1.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHP and BND have the same expense ratio: 0.03% per year.
SCHP has the higher dividend yield at 4.51%, compared with 4.02% for BND.
SCHP is categorized as Inflation-Protected Bonds, while BND is Total Bond Market. SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L), while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: Charles Schwab and Vanguard.
BND currently has the higher Sharpe Ratio (0.84 vs 0.76), 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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