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SCHP vs. IQLT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHP vs. IQLT

Last updated Jun 13, 2026

SCHP (Schwab U.S. TIPS ETF) and IQLT (iShares MSCI Intl Quality 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 IQLT is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Sector Neutral Quality Index (Net). Both are passively managed. Over the past 10 years, SCHP returned 2.60%/yr vs 10.17%/yr for IQLT. At a 0.11 correlation, their price movements are largely independent. SCHP charges 0.03%/yr vs 0.30%/yr for IQLT.

Performance

SCHP vs. IQLT - 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 Quality Factor ETF (IQLT). 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 IQLT's 9.81% return. Over the past 10 years, SCHP has underperformed IQLT with an annualized return of 2.60%, while IQLT has yielded a comparatively higher 10.17% 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%

IQLT

1D
0.04%
1M
1.57%
YTD
9.81%
6M
11.22%
1Y
18.29%
3Y*
14.25%
5Y*
7.32%
10Y*
10.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHP vs. IQLT - 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%
IQLT
iShares MSCI Intl Quality Factor ETF		9.81%25.42%1.54%18.73%-15.22%12.94%12.48%28.18%-10.76%24.04%

Correlation

The correlation between SCHP and IQLT is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.31

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

0.27

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

0.23

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

0.12

Correlation (All Time)
Calculated using the full available price history since Jan 15, 2015

0.11

The correlation between SCHP and IQLT shifts across timeframes, from 0.11 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

SCHP vs. IQLT - Sectors Allocation Comparison

Sectors
SCHP
IQLT

Consumer Cyclical

100.0%
8.1%

Financial Services

0.0%
24.3%

Basic Materials

-

7.2%

Communication Services

-

4.3%

Consumer Defensive

-

6.0%

Energy

-

5.9%

Healthcare

-

9.8%

Industrials

-

17.3%

Real Estate

-

1.6%

Technology

-

11.6%

Utilities

-

3.8%

Consumer Cyclical

SCHP
100.0%
IQLT
8.1%

Financial Services

SCHP
0.0%
IQLT
24.3%

Basic Materials

SCHP

-

IQLT
7.2%

Communication Services

SCHP

-

IQLT
4.3%

Consumer Defensive

SCHP

-

IQLT
6.0%

Energy

SCHP

-

IQLT
5.9%

Healthcare

SCHP

-

IQLT
9.8%

Industrials

SCHP

-

IQLT
17.3%

Real Estate

SCHP

-

IQLT
1.6%

Technology

SCHP

-

IQLT
11.6%

Utilities

SCHP

-

IQLT
3.8%

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 Quality Factor ETF

Often compared with SCHP:
SCHP vs. VTIPSCHP vs. TIPSCHP vs. SCHZSCHP vs. FIPDXSCHP vs. STIPSCHP vs. SCHDSCHP vs. BND
Often compared with IQLT:
IQLT vs. VIGIIQLT vs. SPYIQLT vs. IEFAIQLT vs. ACWXIQLT vs. QEFAIQLT vs. VOOIQLT vs. DIHRX

Return for Risk

SCHP vs. IQLT — 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
IQLT
IQLT Risk / Return Rank: 3737
Overall Rank
IQLT Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
IQLT Sortino Ratio Rank: 3636
Sortino Ratio Rank
IQLT Omega Ratio Rank: 3333
Omega Ratio Rank
IQLT Calmar Ratio Rank: 3737
Calmar Ratio Rank
IQLT Martin Ratio Rank: 4343
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. IQLT - 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 Quality Factor ETF (IQLT). 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.

SCHPIQLTDifference
Sharpe ratioReturn per unit of total volatility
1.44
1.13

+0.31

Sortino ratioReturn per unit of downside risk
2.19
1.67

+0.51

Omega ratioGain probability vs. loss probability

1.25

1.20

+0.05

Calmar ratioReturn relative to maximum drawdown

2.45

1.63

+0.82

Martin ratioReturn relative to average drawdown

7.41

6.18

+1.22

SCHP vs. IQLT - Sharpe Ratio Comparison

The current SCHP Sharpe Ratio is 1.44, which is comparable to the IQLT Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of SCHP and IQLT, 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. IQLT - Drawdown Comparison

The maximum SCHP drawdown since its inception was -14.26%, smaller than the maximum IQLT drawdown of -32.21%. Use the drawdown chart below to compare losses from any high point for SCHP and IQLT.

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Drawdown Indicators

SCHPIQLTDifference

Max Drawdown

Largest peak-to-trough decline

-14.26%

-32.21%

+17.95%

Max Drawdown (1Y)

Largest decline over 1 year

-1.93%

-10.38%

+8.45%

Max Drawdown (3Y)

Largest decline over 3 years

-4.48%

-13.18%

+8.70%

Max Drawdown (5Y)

Largest decline over 5 years

-14.26%

-30.24%

+15.98%

Max Drawdown (10Y)

Largest decline over 10 years

-14.26%

-32.21%

+17.95%

Current Drawdown

Current decline from peak

-0.44%

-0.04%

-0.40%

Average Drawdown

Average peak-to-trough decline

-3.93%

-6.21%

+2.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.64%

2.74%

-2.10%

Volatility

SCHP vs. IQLT - Volatility Comparison

The current volatility for Schwab U.S. TIPS ETF (SCHP) is 1.02%, while iShares MSCI Intl Quality Factor ETF (IQLT) has a volatility of 5.41%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than IQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHPIQLTDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.02%

5.41%

-4.39%

Volatility (6M)

Calculated over the trailing 6-month period

2.24%

12.72%

-10.48%

Volatility (1Y)

Calculated over the trailing 1-year period

3.30%

15.00%

-11.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.12%

16.55%

-10.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.59%

17.00%

-11.41%

SCHP vs. IQLT - Expense Ratio Comparison

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

Dividends

SCHP vs. IQLT - Dividend Comparison

SCHP's dividend yield for the trailing twelve months is around 3.99%, more than IQLT's 2.12% yield.

PositionTTM20252024202320222021202020192018201720162015
IQLT
iShares MSCI Intl Quality Factor ETF		2.12%2.33%2.87%2.27%3.14%2.24%1.61%2.28%2.72%2.36%2.91%2.78%
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 IQLT have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

IQLT has higher volatility (5.41%) compared to SCHP (1.02%). In terms of maximum drawdown, SCHP dropped -14.26% vs IQLT's -32.21%.

On 10-year performance, IQLT leads with 10.17% 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, IQLT has performed better with a 10.17% 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 IQLT.

SCHP has the higher dividend yield at 3.99%, compared with 2.12% for IQLT.

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

SCHP currently has the higher Sharpe Ratio (1.44 vs 1.13), 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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