SCHP vs. BTC-USD
SCHP (Schwab U.S. TIPS ETF) is Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L), while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SCHP returned 2.52%/yr vs 57.41%/yr for BTC-USD. At a 0.03 correlation, their price movements are largely independent.
Performance
SCHP vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SCHP achieves a 0.81% return, which is significantly higher than BTC-USD's -28.07% return. Over the past 10 years, SCHP has underperformed BTC-USD with an annualized return of 2.52%, while BTC-USD has yielded a comparatively higher 57.41% annualized return.
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%
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
SCHP vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
BTC-USD Bitcoin | -28.07% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between SCHP and BTC-USD is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2012 | 0.03 |
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Return for Risk
SCHP vs. BTC-USD — Risk / Return Rank
SCHP
BTC-USD
SCHP vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.86 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | -0.79 | +2.61 |
| Martin ratioReturn relative to average drawdown | 5.39 | -1.32 | +6.72 |
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Drawdowns
SCHP vs. BTC-USD - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SCHP and BTC-USD.
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Drawdown Indicators
| SCHP | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -85.30% | +71.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -51.21% | +49.28% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -51.21% | +46.73% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | -76.67% | +62.41% |
Max Drawdown (10Y)Largest decline over 10 years | -14.26% | -83.80% | +69.54% |
Current DrawdownCurrent decline from peak | -1.04% | -49.54% | +48.50% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -42.40% | +38.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 31.29% | -30.64% |
Volatility
SCHP vs. BTC-USD - Volatility Comparison
The current volatility for Schwab U.S. TIPS ETF (SCHP) is 1.20%, while Bitcoin (BTC-USD) has a volatility of 12.23%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHP | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 12.23% | -11.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 34.57% | -32.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 35.70% | -32.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.11% | 44.26% | -38.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 56.41% | -50.82% |
Frequently Asked Questions
SCHP and BTC-USD have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.23%) compared to SCHP (1.20%). In terms of maximum drawdown, SCHP dropped -14.26% vs BTC-USD's -85.30%.
SCHP currently has the higher Sharpe Ratio (1.05 vs -0.94), 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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