SCHP vs. SCHZ
Compare and contrast key facts about Schwab U.S. TIPS ETF (SCHP) and Schwab U.S. Aggregate Bond ETF (SCHZ).
SCHP and SCHZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCHP is a passively managed fund by Charles Schwab that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Aug 5, 2010. SCHZ is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Aggregate. It was launched on Jul 14, 2011. Both SCHP and SCHZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCHP or SCHZ.
Performance
SCHP vs. SCHZ - Performance Comparison
Returns By Period
In the year-to-date period, SCHP achieves a 2.67% return, which is significantly lower than SCHZ's 3.62% return. Over the past 10 years, SCHP has underperformed SCHZ with an annualized return of 2.18%, while SCHZ has yielded a comparatively higher 2.86% annualized return.
SCHP
2.67%
-0.57%
2.65%
5.89%
2.03%
2.18%
SCHZ
3.62%
-0.77%
3.97%
8.58%
1.44%
2.86%
Key characteristics
| SCHP | SCHZ | |
|---|---|---|
| Sharpe Ratio | 1.15 | 1.46 |
| Sortino Ratio | 1.70 | 2.18 |
| Omega Ratio | 1.20 | 1.26 |
| Calmar Ratio | 0.47 | 0.78 |
| Martin Ratio | 4.91 | 5.57 |
| Ulcer Index | 1.15% | 1.56% |
| Daily Std Dev | 4.92% | 5.96% |
| Max Drawdown | -14.26% | -16.93% |
| Current Drawdown | -6.66% | -3.29% |
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SCHP vs. SCHZ - Expense Ratio Comparison
SCHP has a 0.05% expense ratio, which is higher than SCHZ's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SCHP and SCHZ is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SCHP vs. SCHZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Schwab U.S. Aggregate Bond ETF (SCHZ). 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.
Dividends
SCHP vs. SCHZ - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 2.83%, less than SCHZ's 5.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 2.83% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.63% | 1.90% | 1.38% | 0.28% | 1.30% | 0.67% |
SCHZ Schwab U.S. Aggregate Bond ETF | 5.75% | 5.76% | 3.94% | 3.07% | 3.42% | 4.16% | 4.20% | 3.81% | 3.38% | 3.17% | 3.04% | 2.19% |
Drawdowns
SCHP vs. SCHZ - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, smaller than the maximum SCHZ drawdown of -16.93%. Use the drawdown chart below to compare losses from any high point for SCHP and SCHZ. For additional features, visit the drawdowns tool.
Volatility
SCHP vs. SCHZ - Volatility Comparison
The current volatility for Schwab U.S. TIPS ETF (SCHP) is 1.08%, while Schwab U.S. Aggregate Bond ETF (SCHZ) has a volatility of 1.49%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than SCHZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.