SCHP vs. FFRHX
Compare and contrast key facts about Schwab U.S. TIPS ETF (SCHP) and Fidelity Floating Rate High Income Fund (FFRHX).
SCHP is a passively managed fund by Charles Schwab that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Aug 5, 2010. FFRHX is managed by Fidelity. It was launched on Aug 16, 2000.
Performance
SCHP vs. FFRHX - Performance Comparison
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SCHP vs. FFRHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 0.37% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
FFRHX Fidelity Floating Rate High Income Fund | -0.50% | 5.47% | 7.10% | 12.63% | -1.55% | 5.01% | 1.69% | 8.63% | 0.10% | 3.91% |
Returns By Period
In the year-to-date period, SCHP achieves a 0.37% return, which is significantly higher than FFRHX's -0.50% return. Over the past 10 years, SCHP has underperformed FFRHX with an annualized return of 2.56%, while FFRHX has yielded a comparatively higher 4.99% annualized return.
SCHP
- 1D
- -0.09%
- 1M
- -1.16%
- YTD
- 0.37%
- 6M
- 0.14%
- 1Y
- 2.84%
- 3Y*
- 3.12%
- 5Y*
- 1.37%
- 10Y*
- 2.56%
FFRHX
- 1D
- 0.11%
- 1M
- 0.34%
- YTD
- -0.50%
- 6M
- 0.77%
- 1Y
- 4.77%
- 3Y*
- 7.08%
- 5Y*
- 5.20%
- 10Y*
- 4.99%
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SCHP vs. FFRHX - Expense Ratio Comparison
SCHP has a 0.05% expense ratio, which is lower than FFRHX's 0.67% expense ratio.
Return for Risk
SCHP vs. FFRHX — Risk / Return Rank
SCHP
FFRHX
SCHP vs. FFRHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Fidelity Floating Rate High Income Fund (FFRHX). 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 | FFRHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 1.42 | -0.72 |
Sortino ratioReturn per unit of downside risk | 0.98 | 2.01 | -1.03 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.47 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.79 | -0.76 |
Martin ratioReturn relative to average drawdown | 3.07 | 8.65 | -5.58 |
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 | FFRHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.71 | 1.42 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 1.84 | -1.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 1.21 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 1.13 | -0.63 |
Correlation
The correlation between SCHP and FFRHX is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SCHP vs. FFRHX - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 3.72%, less than FFRHX's 6.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 3.72% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
FFRHX Fidelity Floating Rate High Income Fund | 6.75% | 7.41% | 6.94% | 8.24% | 3.81% | 2.74% | 3.84% | 5.15% | 4.74% | 4.05% | 4.44% | 3.69% |
Drawdowns
SCHP vs. FFRHX - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, smaller than the maximum FFRHX drawdown of -22.20%. Use the drawdown chart below to compare losses from any high point for SCHP and FFRHX.
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Drawdown Indicators
| SCHP | FFRHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -22.20% | +7.94% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.63% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | -5.90% | -8.36% |
Max Drawdown (10Y)Largest decline over 10 years | -14.26% | -22.20% | +7.94% |
Current DrawdownCurrent decline from peak | -1.35% | -0.72% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -1.16% | -2.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.59% | +0.35% |
Volatility
SCHP vs. FFRHX - Volatility Comparison
Schwab U.S. TIPS ETF (SCHP) has a higher volatility of 1.36% compared to Fidelity Floating Rate High Income Fund (FFRHX) at 0.65%. This indicates that SCHP's price experiences larger fluctuations and is considered to be riskier than FFRHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHP | FFRHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 0.65% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 1.62% | +0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.04% | 3.31% | +0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.13% | 2.84% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 4.13% | +1.47% |