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SCHP vs. SPIP
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SCHP and SPIP is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.1

Performance

SCHP vs. SPIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. TIPS ETF (SCHP) and SPDR Portfolio TIPS ETF (SPIP). The values are adjusted to include any dividend payments, if applicable.

42.00%44.00%46.00%48.00%50.00%NovemberDecember2025FebruaryMarchApril
48.32%
47.86%
SCHP
SPIP

Key characteristics

Sharpe Ratio

SCHP:

1.56

SPIP:

1.37

Sortino Ratio

SCHP:

2.21

SPIP:

1.94

Omega Ratio

SCHP:

1.28

SPIP:

1.24

Calmar Ratio

SCHP:

0.68

SPIP:

0.61

Martin Ratio

SCHP:

4.72

SPIP:

4.38

Ulcer Index

SCHP:

1.54%

SPIP:

1.64%

Daily Std Dev

SCHP:

4.65%

SPIP:

5.25%

Max Drawdown

SCHP:

-14.26%

SPIP:

-15.38%

Current Drawdown

SCHP:

-4.07%

SPIP:

-5.39%

Returns By Period

The year-to-date returns for both investments are quite close, with SCHP having a 3.50% return and SPIP slightly higher at 3.58%. Both investments have delivered pretty close results over the past 10 years, with SCHP having a 2.27% annualized return and SPIP not far behind at 2.17%.


SCHP

YTD

3.50%

1M

0.37%

6M

2.19%

1Y

7.25%

5Y*

1.55%

10Y*

2.27%

SPIP

YTD

3.58%

1M

0.33%

6M

2.05%

1Y

7.18%

5Y*

1.26%

10Y*

2.17%

*Annualized

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SCHP vs. SPIP - Expense Ratio Comparison

SCHP has a 0.05% expense ratio, which is lower than SPIP's 0.12% 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%.


Expense ratio chart for SPIP: current value is 0.12%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPIP: 0.12%
Expense ratio chart for SCHP: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SCHP: 0.05%

Risk-Adjusted Performance

SCHP vs. SPIP — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHP
The Risk-Adjusted Performance Rank of SCHP is 8686
Overall Rank
The Sharpe Ratio Rank of SCHP is 9191
Sharpe Ratio Rank
The Sortino Ratio Rank of SCHP is 9191
Sortino Ratio Rank
The Omega Ratio Rank of SCHP is 8989
Omega Ratio Rank
The Calmar Ratio Rank of SCHP is 7575
Calmar Ratio Rank
The Martin Ratio Rank of SCHP is 8484
Martin Ratio Rank

SPIP
The Risk-Adjusted Performance Rank of SPIP is 8383
Overall Rank
The Sharpe Ratio Rank of SPIP is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of SPIP is 8888
Sortino Ratio Rank
The Omega Ratio Rank of SPIP is 8686
Omega Ratio Rank
The Calmar Ratio Rank of SPIP is 7070
Calmar Ratio Rank
The Martin Ratio Rank of SPIP is 8282
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SCHP vs. SPIP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and SPDR Portfolio TIPS ETF (SPIP). 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.


The chart of Sharpe ratio for SCHP, currently valued at 1.56, compared to the broader market-1.000.001.002.003.004.00
SCHP: 1.56
SPIP: 1.37
The chart of Sortino ratio for SCHP, currently valued at 2.21, compared to the broader market-2.000.002.004.006.008.00
SCHP: 2.21
SPIP: 1.94
The chart of Omega ratio for SCHP, currently valued at 1.28, compared to the broader market0.501.001.502.002.50
SCHP: 1.28
SPIP: 1.24
The chart of Calmar ratio for SCHP, currently valued at 0.68, compared to the broader market0.002.004.006.008.0010.0012.00
SCHP: 0.68
SPIP: 0.61
The chart of Martin ratio for SCHP, currently valued at 4.72, compared to the broader market0.0020.0040.0060.00
SCHP: 4.72
SPIP: 4.38

The current SCHP Sharpe Ratio is 1.56, which is comparable to the SPIP Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of SCHP and SPIP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50NovemberDecember2025FebruaryMarchApril
1.56
1.37
SCHP
SPIP

Dividends

SCHP vs. SPIP - Dividend Comparison

SCHP's dividend yield for the trailing twelve months is around 3.19%, less than SPIP's 3.51% yield.


TTM20242023202220212020201920182017201620152014
SCHP
Schwab U.S. TIPS ETF
3.19%2.99%3.02%7.19%4.39%1.11%2.02%2.63%1.90%1.38%0.28%1.30%
SPIP
SPDR Portfolio TIPS ETF
3.51%3.35%3.70%7.06%4.53%1.97%2.60%2.80%3.02%1.88%0.14%1.66%

Drawdowns

SCHP vs. SPIP - Drawdown Comparison

The maximum SCHP drawdown since its inception was -14.26%, smaller than the maximum SPIP drawdown of -15.38%. Use the drawdown chart below to compare losses from any high point for SCHP and SPIP. For additional features, visit the drawdowns tool.


-9.00%-8.00%-7.00%-6.00%-5.00%-4.00%-3.00%NovemberDecember2025FebruaryMarchApril
-4.07%
-5.39%
SCHP
SPIP

Volatility

SCHP vs. SPIP - Volatility Comparison

The current volatility for Schwab U.S. TIPS ETF (SCHP) is 2.19%, while SPDR Portfolio TIPS ETF (SPIP) has a volatility of 2.48%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than SPIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%NovemberDecember2025FebruaryMarchApril
2.19%
2.48%
SCHP
SPIP