SCHP vs. SCHG
SCHP (Schwab U.S. TIPS ETF) and SCHG (Schwab U.S. Large-Cap Growth 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 SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Both are passively managed. Over the past 10 years, SCHP returned 2.66%/yr vs 18.74%/yr for SCHG. At a correlation of -0.06, they often move in opposite directions. SCHP charges 0.03%/yr vs 0.04%/yr for SCHG.
Performance
SCHP vs. SCHG - Performance Comparison
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Returns By Period
In the year-to-date period, SCHP achieves a 1.61% return, which is significantly lower than SCHG's 6.78% return. Over the past 10 years, SCHP has underperformed SCHG with an annualized return of 2.66%, while SCHG has yielded a comparatively higher 18.74% 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%
SCHG
- 1D
- 0.35%
- 1M
- 4.73%
- YTD
- 6.78%
- 6M
- 6.01%
- 1Y
- 24.63%
- 3Y*
- 25.14%
- 5Y*
- 15.67%
- 10Y*
- 18.74%
SCHP vs. SCHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCHG Schwab U.S. Large-Cap Growth ETF | 6.78% | 17.50% | 34.95% | 50.10% | -31.80% | 28.11% | 39.14% | 36.02% | -1.36% | 28.05% |
Correlation
The correlation between SCHP and SCHG is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2010 | -0.06 |
The correlation between SCHP and SCHG shifts across timeframes, from -0.06 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCHP vs. SCHG — Risk / Return Rank
SCHP
SCHG
SCHP vs. SCHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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 | SCHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 1.51 | +1.01 |
| Martin ratioReturn relative to average drawdown | 7.67 | 5.04 | +2.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCHP | SCHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.60 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.71 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.87 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.85 | -0.34 |
Drawdowns
SCHP vs. SCHG - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, smaller than the maximum SCHG drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for SCHP and SCHG.
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Drawdown Indicators
| SCHP | SCHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -34.59% | +20.33% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -16.41% | +14.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -23.39% | +18.91% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | -34.59% | +20.33% |
Max Drawdown (10Y)Largest decline over 10 years | -14.26% | -34.59% | +20.33% |
Current DrawdownCurrent decline from peak | -0.25% | -1.44% | +1.19% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -5.20% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 4.90% | -4.27% |
Volatility
SCHP vs. SCHG - Volatility Comparison
The current volatility for Schwab U.S. TIPS ETF (SCHP) is 0.89%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 3.61%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHP | SCHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 3.61% | -2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 11.62% | -9.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.29% | 15.49% | -12.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 22.26% | -16.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 21.55% | -15.96% |
SCHP vs. SCHG - Expense Ratio Comparison
SCHP has a 0.03% expense ratio, which is lower than SCHG's 0.04% 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. SCHG - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 3.99%, more than SCHG's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHG Schwab U.S. Large-Cap Growth ETF | 0.36% | 0.36% | 0.39% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% |
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 SCHG have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHG has higher volatility (3.61%) compared to SCHP (0.89%). In terms of maximum drawdown, SCHP dropped -14.26% vs SCHG's -34.59%.
On 10-year performance, SCHG leads with 18.74% 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, SCHG has performed better with a 18.74% 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 0.04% for SCHG.
SCHP has the higher dividend yield at 3.99%, compared with 0.36% for SCHG.
SCHP is categorized as Inflation-Protected Bonds, while SCHG is Large Cap Growth Equities. SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L), while SCHG tracks Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Their fees differ too: 0.03% for SCHP and 0.04% for SCHG.
SCHG currently has the higher Sharpe Ratio (1.60 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.
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