SCHP vs. DFIP
SCHP (Schwab U.S. TIPS ETF) and DFIP (Dimensional Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. SCHP is passively managed, while DFIP is actively managed. Over the past 3 years, SCHP returned 4.05%/yr vs 4.18%/yr for DFIP. With a 0.97 correlation, they move nearly in lockstep. SCHP charges 0.03%/yr vs 0.11%/yr for DFIP.
Performance
SCHP vs. DFIP - Performance Comparison
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Returns By Period
In the year-to-date period, SCHP achieves a 1.61% return, which is significantly higher than DFIP's 1.49% return.
SCHP
- 1D
- -0.15%
- 1M
- -0.03%
- YTD
- 1.61%
- 6M
- 1.14%
- 1Y
- 5.19%
- 3Y*
- 4.05%
- 5Y*
- 1.13%
- 10Y*
- 2.66%
DFIP
- 1D
- -0.26%
- 1M
- -0.23%
- YTD
- 1.49%
- 6M
- 0.95%
- 1Y
- 5.08%
- 3Y*
- 4.18%
- 5Y*
- —
- 10Y*
- —
SCHP vs. DFIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 1.61% | 6.76% | 1.95% | 3.91% | -12.02% | -0.06% |
DFIP Dimensional Inflation-Protected Securities ETF | 1.49% | 7.54% | 1.72% | 4.07% | -12.39% | -0.05% |
Correlation
The correlation between SCHP and DFIP is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021 | 0.97 |
The correlation between SCHP and DFIP has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
SCHP vs. DFIP — Risk / Return Rank
SCHP
DFIP
SCHP vs. DFIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Dimensional Inflation-Protected Securities ETF (DFIP). 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.
| SCHP | DFIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 2.48 | +0.22 |
| Martin ratioReturn relative to average drawdown | 8.22 | 7.52 | +0.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCHP | DFIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 1.48 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.04 | +0.47 |
Drawdowns
SCHP vs. DFIP - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, roughly equal to the maximum DFIP drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for SCHP and DFIP.
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Drawdown Indicators
| SCHP | DFIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -14.96% | +0.70% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -2.06% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -4.82% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.26% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.47% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -6.95% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.68% | -0.05% |
Volatility
SCHP vs. DFIP - Volatility Comparison
Schwab U.S. TIPS ETF (SCHP) and Dimensional Inflation-Protected Securities ETF (DFIP) have volatilities of 0.89% and 0.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHP | DFIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.93% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 2.32% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.30% | 3.44% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 6.81% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 6.81% | -1.22% |
SCHP vs. DFIP - Expense Ratio Comparison
SCHP has a 0.03% expense ratio, which is lower than DFIP's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SCHP vs. DFIP - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 3.99%, more than DFIP's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIP Dimensional Inflation-Protected Securities ETF | 3.88% | 4.70% | 3.69% | 3.68% | 5.97% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
With a correlation of 0.96, SCHP and DFIP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
DFIP has higher volatility (0.93%) compared to SCHP (0.89%). In terms of maximum drawdown, SCHP dropped -14.26% vs DFIP's -14.96%.
On 3-year performance, DFIP leads with 4.18% vs 4.05% for SCHP. On fees, SCHP is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DFIP has performed better with a 4.18% return vs 4.05%. 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 0.11% for DFIP.
SCHP has the higher dividend yield at 3.99%, compared with 3.88% for DFIP.
They also come from different issuers: Charles Schwab and Dimensional. Their fees differ too: 0.03% for SCHP and 0.11% for DFIP.
SCHP currently has the higher Sharpe Ratio (1.58 vs 1.48), 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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