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SCHP vs. IMTM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHP vs. IMTM

Last updated Jun 13, 2026

SCHP (Schwab U.S. TIPS ETF) and IMTM (iShares MSCI Intl Momentum Factor ETF) are both exchange-traded funds - SCHP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L), while IMTM is a Momentum fund tracking the MSCI World ex USA Momentum. Both are passively managed. Over the past 10 years, SCHP returned 2.60%/yr vs 10.44%/yr for IMTM. At a 0.10 correlation, their price movements are largely independent. SCHP charges 0.03%/yr vs 0.30%/yr for IMTM.

Performance

SCHP vs. IMTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. TIPS ETF (SCHP) and iShares MSCI Intl Momentum Factor ETF (IMTM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCHP achieves a 1.42% return, which is significantly lower than IMTM's 11.53% return. Over the past 10 years, SCHP has underperformed IMTM with an annualized return of 2.60%, while IMTM has yielded a comparatively higher 10.44% annualized return.

SCHP

1D
0.04%
1M
-0.10%
YTD
1.42%
6M
1.48%
1Y
4.83%
3Y*
4.14%
5Y*
1.06%
10Y*
2.60%

IMTM

1D
0.72%
1M
0.94%
YTD
11.53%
6M
12.83%
1Y
25.06%
3Y*
21.00%
5Y*
9.19%
10Y*
10.44%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHP vs. IMTM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHP
Schwab U.S. TIPS ETF		1.42%6.76%1.95%3.91%-12.02%5.87%10.86%8.52%-1.78%3.02%
IMTM
iShares MSCI Intl Momentum Factor ETF		11.53%34.50%12.17%13.89%-16.81%3.50%22.17%24.52%-14.31%25.46%

Correlation

The correlation between SCHP and IMTM is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.25

Correlation (5Y)
Calculated over the trailing 5-year period

0.19

Correlation (10Y)
Calculated over the trailing 10-year period

0.13

Correlation (All Time)
Calculated using the full available price history since Jan 26, 2015

0.10

The correlation between SCHP and IMTM shifts across timeframes, from 0.10 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.

SCHP vs. IMTM - Sectors Allocation Comparison

Sectors
SCHP
IMTM

Consumer Cyclical

100.0%
1.8%

Financial Services

0.0%
29.6%

Basic Materials

-

9.3%

Communication Services

-

1.9%

Consumer Defensive

-

2.4%

Energy

-

9.4%

Healthcare

-

9.0%

Industrials

-

17.5%

Real Estate

-

1.2%

Technology

-

11.4%

Utilities

-

6.4%

Consumer Cyclical

SCHP
100.0%
IMTM
1.8%

Financial Services

SCHP
0.0%
IMTM
29.6%

Basic Materials

SCHP

-

IMTM
9.3%

Communication Services

SCHP

-

IMTM
1.9%

Consumer Defensive

SCHP

-

IMTM
2.4%

Energy

SCHP

-

IMTM
9.4%

Healthcare

SCHP

-

IMTM
9.0%

Industrials

SCHP

-

IMTM
17.5%

Real Estate

SCHP

-

IMTM
1.2%

Technology

SCHP

-

IMTM
11.4%

Utilities

SCHP

-

IMTM
6.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab U.S. TIPS ETF

iShares MSCI Intl Momentum Factor ETF

Often compared with SCHP:
SCHP vs. VTIPSCHP vs. TIPSCHP vs. SCHZSCHP vs. FIPDXSCHP vs. STIPSCHP vs. SCHDSCHP vs. BND
Often compared with IMTM:
IMTM vs. SPMOIMTM vs. IMOMIMTM vs. IWFM.LIMTM vs. VXUSIMTM vs. IDMOIMTM vs. IWMO.MIIMTM vs. VT

Return for Risk

SCHP vs. IMTM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHP
SCHP Risk / Return Rank: 5050
Overall Rank
SCHP Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SCHP Sortino Ratio Rank: 5151
Sortino Ratio Rank
SCHP Omega Ratio Rank: 4545
Omega Ratio Rank
SCHP Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHP Martin Ratio Rank: 5050
Martin Ratio Rank
IMTM
IMTM Risk / Return Rank: 4444
Overall Rank
IMTM Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
IMTM Sortino Ratio Rank: 4343
Sortino Ratio Rank
IMTM Omega Ratio Rank: 4343
Omega Ratio Rank
IMTM Calmar Ratio Rank: 4242
Calmar Ratio Rank
IMTM Martin Ratio Rank: 4949
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHP vs. IMTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and iShares MSCI Intl Momentum Factor ETF (IMTM). 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.

SCHPIMTMDifference
Sharpe ratioReturn per unit of total volatility
1.44
1.33

+0.11

Sortino ratioReturn per unit of downside risk
2.19
1.96

+0.23

Omega ratioGain probability vs. loss probability

1.25

1.25

+0.01

Calmar ratioReturn relative to maximum drawdown

2.45

1.86

+0.59

Martin ratioReturn relative to average drawdown

7.41

7.37

+0.04

SCHP vs. IMTM - Sharpe Ratio Comparison

The current SCHP Sharpe Ratio is 1.44, which is comparable to the IMTM Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of SCHP and IMTM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SCHP vs. IMTM - Drawdown Comparison

The maximum SCHP drawdown since its inception was -14.26%, smaller than the maximum IMTM drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for SCHP and IMTM.

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Drawdown Indicators

SCHPIMTMDifference

Max Drawdown

Largest peak-to-trough decline

-14.26%

-32.66%

+18.40%

Max Drawdown (1Y)

Largest decline over 1 year

-1.93%

-12.85%

+10.92%

Max Drawdown (3Y)

Largest decline over 3 years

-4.48%

-12.85%

+8.37%

Max Drawdown (5Y)

Largest decline over 5 years

-14.26%

-32.66%

+18.40%

Max Drawdown (10Y)

Largest decline over 10 years

-14.26%

-32.66%

+18.40%

Current Drawdown

Current decline from peak

-0.44%

-0.22%

-0.22%

Average Drawdown

Average peak-to-trough decline

-3.93%

-7.43%

+3.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.64%

3.24%

-2.60%

Volatility

SCHP vs. IMTM - Volatility Comparison

The current volatility for Schwab U.S. TIPS ETF (SCHP) is 1.02%, while iShares MSCI Intl Momentum Factor ETF (IMTM) has a volatility of 7.20%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than IMTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHPIMTMDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.02%

7.20%

-6.18%

Volatility (6M)

Calculated over the trailing 6-month period

2.24%

16.06%

-13.82%

Volatility (1Y)

Calculated over the trailing 1-year period

3.30%

17.97%

-14.67%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.12%

17.82%

-11.70%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.59%

17.63%

-12.04%

SCHP vs. IMTM - Expense Ratio Comparison

SCHP has a 0.03% expense ratio, which is lower than IMTM's 0.30% expense ratio.

Dividends

SCHP vs. IMTM - Dividend Comparison

SCHP's dividend yield for the trailing twelve months is around 3.99%, less than IMTM's 4.22% yield.

PositionTTM20252024202320222021202020192018201720162015
IMTM
iShares MSCI Intl Momentum Factor ETF		4.22%4.70%2.93%2.29%2.68%2.51%0.97%2.13%2.36%1.92%2.75%1.56%
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

SCHP and IMTM have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IMTM has higher volatility (7.20%) compared to SCHP (1.02%). In terms of maximum drawdown, SCHP dropped -14.26% vs IMTM's -32.66%.

On 10-year performance, IMTM leads with 10.44% vs 2.60% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, IMTM has performed better with a 10.44% return vs 2.60%. 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 0.30% for IMTM.

IMTM has the higher dividend yield at 4.22%, compared with 3.99% for SCHP.

SCHP is categorized as Inflation-Protected Bonds, while IMTM is Momentum. SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L), while IMTM tracks MSCI World ex USA Momentum. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCHP and 0.30% for IMTM.

SCHP currently has the higher Sharpe Ratio (1.44 vs 1.33), 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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