SCHP vs. FIPDX
Compare and contrast key facts about Schwab U.S. TIPS ETF (SCHP) and Fidelity Inflation-Protected Bond Index Fund (FIPDX).
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. FIPDX is managed by Fidelity. It was launched on May 16, 2012.
Performance
SCHP vs. FIPDX - Performance Comparison
Loading graphics...
SCHP vs. FIPDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 0.45% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 0.33% | 6.90% | 2.00% | 3.77% | -12.09% | 5.94% | 10.90% | 8.32% | -1.37% | 2.98% |
Returns By Period
In the year-to-date period, SCHP achieves a 0.45% return, which is significantly higher than FIPDX's 0.33% return. Both investments have delivered pretty close results over the past 10 years, with SCHP having a 2.57% annualized return and FIPDX not far ahead at 2.58%.
SCHP
- 1D
- 0.11%
- 1M
- -1.26%
- YTD
- 0.45%
- 6M
- 0.38%
- 1Y
- 2.96%
- 3Y*
- 3.15%
- 5Y*
- 1.39%
- 10Y*
- 2.57%
FIPDX
- 1D
- 0.55%
- 1M
- -1.40%
- YTD
- 0.33%
- 6M
- 0.37%
- 1Y
- 2.97%
- 3Y*
- 3.15%
- 5Y*
- 1.44%
- 10Y*
- 2.58%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SCHP vs. FIPDX - Expense Ratio Comparison
Both SCHP and FIPDX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
SCHP vs. FIPDX — Risk / Return Rank
SCHP
FIPDX
SCHP vs. FIPDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Fidelity Inflation-Protected Bond Index Fund (FIPDX). 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 | FIPDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.83 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.02 | 1.17 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.21 | 1.37 | -0.16 |
Martin ratioReturn relative to average drawdown | 3.63 | 4.30 | -0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SCHP | FIPDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.83 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.24 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.48 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.40 | +0.10 |
Correlation
The correlation between SCHP and FIPDX is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SCHP vs. FIPDX - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 3.98%, less than FIPDX's 4.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 3.98% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
FIPDX Fidelity Inflation-Protected Bond Index Fund | 4.16% | 4.18% | 3.75% | 3.56% | 8.87% | 4.76% | 1.24% | 1.97% | 2.26% | 1.29% | 1.34% | 0.38% |
Drawdowns
SCHP vs. FIPDX - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, roughly equal to the maximum FIPDX drawdown of -14.32%. Use the drawdown chart below to compare losses from any high point for SCHP and FIPDX.
Loading graphics...
Drawdown Indicators
| SCHP | FIPDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -14.32% | +0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -2.90% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | -14.32% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -14.26% | -14.32% | +0.06% |
Current DrawdownCurrent decline from peak | -1.26% | -1.40% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -4.52% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.92% | +0.01% |
Volatility
SCHP vs. FIPDX - Volatility Comparison
Schwab U.S. TIPS ETF (SCHP) and Fidelity Inflation-Protected Bond Index Fund (FIPDX) have volatilities of 1.36% and 1.37%, 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.
Loading graphics...
Volatility by Period
| SCHP | FIPDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.37% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | 2.35% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.06% | 4.13% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.14% | 5.99% | +0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 5.38% | +0.22% |