SCHP vs. GTIP
SCHP (Schwab U.S. TIPS ETF) and GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) are both Inflation-Protected Bonds funds - SCHP tracks the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L) while GTIP tracks the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. Both are passively managed. Over the past 5 years, SCHP returned 1.13%/yr vs 1.07%/yr for GTIP. With a 0.97 correlation, they move nearly in lockstep. SCHP charges 0.03%/yr vs 0.12%/yr for GTIP.
Performance
SCHP vs. GTIP - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with SCHP having a 1.61% return and GTIP slightly higher at 1.63%.
SCHP
- 1D
- 0.00%
- 1M
- 0.05%
- YTD
- 1.61%
- 6M
- 1.25%
- 1Y
- 4.83%
- 3Y*
- 3.99%
- 5Y*
- 1.13%
- 10Y*
- 2.66%
GTIP
- 1D
- -0.07%
- 1M
- 0.05%
- YTD
- 1.63%
- 6M
- 1.20%
- 1Y
- 4.60%
- 3Y*
- 3.93%
- 5Y*
- 1.07%
- 10Y*
- —
SCHP vs. GTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 1.61% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -0.09% |
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 1.63% | 6.63% | 2.04% | 3.88% | -12.14% | 5.86% | 10.83% | 8.33% | 0.24% |
Correlation
The correlation between SCHP and GTIP is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2018 | 0.97 |
The correlation between SCHP and GTIP has been stable across timeframes, ranging from 0.95 to 0.98 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SCHP vs. GTIP — Risk / Return Rank
SCHP
GTIP
SCHP vs. GTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP). 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 | GTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.29 | +0.23 |
| Martin ratioReturn relative to average drawdown | 7.67 | 7.26 | +0.41 |
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 charts...
Sharpe Ratios by Period
| SCHP | GTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.39 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.18 | +0.01 |
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 | 0.56 | -0.05 |
Drawdowns
SCHP vs. GTIP - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, roughly equal to the maximum GTIP drawdown of -14.31%. Use the drawdown chart below to compare losses from any high point for SCHP and GTIP.
Loading charts...
Drawdown Indicators
| SCHP | GTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -14.31% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -2.02% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -4.47% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | -14.31% | +0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -14.26% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.24% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -4.23% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.64% | -0.01% |
Volatility
SCHP vs. GTIP - Volatility Comparison
The current volatility for Schwab U.S. TIPS ETF (SCHP) is 0.89%, while Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has a volatility of 0.97%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than GTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SCHP | GTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.97% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 2.32% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 3.34% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 6.06% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 6.01% | -0.42% |
SCHP vs. GTIP - Expense Ratio Comparison
SCHP has a 0.03% expense ratio, which is lower than GTIP's 0.12% 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. GTIP - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 3.99%, less than GTIP's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 4.69% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% | 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 0.95, SCHP and GTIP 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.
GTIP has higher volatility (0.97%) compared to SCHP (0.89%). In terms of maximum drawdown, SCHP dropped -14.26% vs GTIP's -14.31%.
On 5-year performance, SCHP leads with 1.13% vs 1.07% for GTIP. 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 5-year period, SCHP has performed better with a 1.13% return vs 1.07%. 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 0.12% for GTIP.
GTIP has the higher dividend yield at 4.69%, compared with 3.99% for SCHP.
SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L), while GTIP tracks FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. They also come from different issuers: Charles Schwab and Goldman Sachs. Their fees differ too: 0.03% for SCHP and 0.12% for GTIP.
SCHP currently has the higher Sharpe Ratio (1.48 vs 1.39), 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.
Find the right allocation for SCHP and GTIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer