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SCHP vs. SCHF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHP vs. SCHF

Last updated Jun 5, 2026

SCHP (Schwab U.S. TIPS ETF) and SCHF (Schwab International Equity 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 SCHF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex U.S. Index. Both are passively managed. Over the past 10 years, SCHP returned 2.66%/yr vs 10.25%/yr for SCHF. At a correlation of -0.01, they often move in opposite directions. SCHP charges 0.03%/yr vs 0.06%/yr for SCHF.

Performance

SCHP vs. SCHF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. TIPS ETF (SCHP) and Schwab International Equity ETF (SCHF). 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 1.61% return, which is significantly lower than SCHF's 15.89% return. Over the past 10 years, SCHP has underperformed SCHF with an annualized return of 2.66%, while SCHF has yielded a comparatively higher 10.25% annualized return.

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%

SCHF

1D
0.29%
1M
4.54%
YTD
15.89%
6M
18.66%
1Y
32.44%
3Y*
20.26%
5Y*
9.91%
10Y*
10.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHP vs. SCHF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHP
Schwab U.S. TIPS ETF		1.61%6.76%1.95%3.91%-12.02%5.87%10.86%8.52%-1.78%3.02%
SCHF
Schwab International Equity ETF		15.89%34.55%3.28%18.35%-14.80%11.40%9.48%22.26%-14.29%26.03%

Correlation

The correlation between SCHP and SCHF is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.29

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

0.29

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

0.23

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

0.11

Correlation (All Time)
Calculated using the full available price history since Aug 6, 2010

-0.01

The correlation between SCHP and SCHF shifts across timeframes, from -0.01 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

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

Schwab International Equity ETF

Often compared with SCHP:
SCHP vs. VTIPSCHP vs. TIPSCHP vs. SCHZSCHP vs. FIPDXSCHP vs. STIPSCHP vs. SCHDSCHP vs. BND
Often compared with SCHF:
SCHF vs. VXUSSCHF vs. VEASCHF vs. SWISXSCHF vs. SCHYSCHF vs. SCHESCHF vs. FNDFSCHF vs. SCHB

Return for Risk

SCHP vs. SCHF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHP
SCHP Risk / Return Rank: 4646
Overall Rank
SCHP Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
SCHP Sortino Ratio Rank: 4646
Sortino Ratio Rank
SCHP Omega Ratio Rank: 4242
Omega Ratio Rank
SCHP Calmar Ratio Rank: 5252
Calmar Ratio Rank
SCHP Martin Ratio Rank: 4747
Martin Ratio Rank
SCHF
SCHF Risk / Return Rank: 6262
Overall Rank
SCHF Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
SCHF Sortino Ratio Rank: 6262
Sortino Ratio Rank
SCHF Omega Ratio Rank: 6262
Omega Ratio Rank
SCHF Calmar Ratio Rank: 5858
Calmar Ratio Rank
SCHF Martin Ratio Rank: 6262
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. SCHF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Schwab International Equity ETF (SCHF). 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.

SCHPSCHFDifference
Sharpe ratioReturn per unit of total volatility
1.48
2.07

-0.59

Sortino ratioReturn per unit of downside risk
2.25
2.85

-0.61

Omega ratioGain probability vs. loss probability

1.26

1.37

-0.11

Calmar ratioReturn relative to maximum drawdown

2.51

2.84

-0.32

Martin ratioReturn relative to average drawdown

7.67

11.03

-3.36

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHP vs. SCHF - Sharpe Ratio Comparison

The current SCHP Sharpe Ratio is 1.48, which is comparable to the SCHF Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of SCHP and SCHF, 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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Sharpe Ratios by Period

SCHPSCHFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.48

2.07

-0.59

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.19

0.61

-0.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.60

-0.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.51

0.44

+0.07

Drawdowns

SCHP vs. SCHF - Drawdown Comparison

The maximum SCHP drawdown since its inception was -14.26%, smaller than the maximum SCHF drawdown of -34.87%. Use the drawdown chart below to compare losses from any high point for SCHP and SCHF.

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Drawdown Indicators

SCHPSCHFDifference

Max Drawdown

Largest peak-to-trough decline

-14.26%

-34.87%

+20.61%

Max Drawdown (1Y)

Largest decline over 1 year

-1.93%

-11.48%

+9.55%

Max Drawdown (3Y)

Largest decline over 3 years

-4.48%

-13.41%

+8.93%

Max Drawdown (5Y)

Largest decline over 5 years

-14.26%

-29.14%

+14.88%

Max Drawdown (10Y)

Largest decline over 10 years

-14.26%

-34.87%

+20.61%

Current Drawdown

Current decline from peak

-0.25%

-0.57%

+0.32%

Average Drawdown

Average peak-to-trough decline

-3.94%

-7.38%

+3.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.63%

2.95%

-2.32%

Volatility

SCHP vs. SCHF - Volatility Comparison

The current volatility for Schwab U.S. TIPS ETF (SCHP) is 0.89%, while Schwab International Equity ETF (SCHF) has a volatility of 5.49%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than SCHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHPSCHFDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.89%

5.49%

-4.60%

Volatility (6M)

Calculated over the trailing 6-month period

2.20%

13.34%

-11.14%

Volatility (1Y)

Calculated over the trailing 1-year period

3.29%

15.72%

-12.43%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.12%

16.38%

-10.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.59%

17.18%

-11.59%

SCHP vs. SCHF - Expense Ratio Comparison

SCHP has a 0.03% expense ratio, which is lower than SCHF's 0.06% 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. SCHF - Dividend Comparison

SCHP's dividend yield for the trailing twelve months is around 3.99%, more than SCHF's 2.95% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHF
Schwab International Equity ETF		2.95%3.42%3.26%2.97%2.80%3.19%2.08%2.95%3.06%2.35%2.58%2.26%
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 SCHF have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHF has higher volatility (5.49%) compared to SCHP (0.89%). In terms of maximum drawdown, SCHP dropped -14.26% vs SCHF's -34.87%.

On 10-year performance, SCHF leads with 10.25% vs 2.66% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHF has performed better with a 10.25% return vs 2.66%. 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 0.06% for SCHF.

SCHP has the higher dividend yield at 3.99%, compared with 2.95% for SCHF.

SCHP is categorized as Inflation-Protected Bonds, while SCHF is Foreign Large Cap Equities. SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L), while SCHF tracks FTSE Developed ex U.S. Index. Their fees differ too: 0.03% for SCHP and 0.06% for SCHF.

SCHF currently has the higher Sharpe Ratio (2.07 vs 1.48), 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.

Portfolio Optimizer

Find the right allocation for SCHP and SCHF

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