SCHP vs. STIP
SCHP (Schwab U.S. TIPS ETF) and STIP (iShares 0-5 Year TIPS Bond ETF) are both Inflation-Protected Bonds funds - SCHP tracks the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L) while STIP tracks the Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). Both are passively managed. Over the past 10 years, SCHP returned 2.52%/yr vs 3.07%/yr for STIP. A 0.77 correlation means they provide meaningful diversification when combined. SCHP charges 0.03%/yr vs 0.06%/yr for STIP.
Performance
SCHP vs. STIP - Performance Comparison
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Returns By Period
In the year-to-date period, SCHP achieves a 0.81% return, which is significantly lower than STIP's 1.33% return. Over the past 10 years, SCHP has underperformed STIP with an annualized return of 2.52%, while STIP has yielded a comparatively higher 3.07% annualized return.
SCHP
- 1D
- -0.42%
- 1M
- -0.18%
- YTD
- 0.81%
- 6M
- 0.92%
- 1Y
- 3.57%
- 3Y*
- 3.67%
- 5Y*
- 0.94%
- 10Y*
- 2.52%
STIP
- 1D
- -0.22%
- 1M
- -0.30%
- YTD
- 1.33%
- 6M
- 1.45%
- 1Y
- 3.64%
- 3Y*
- 4.99%
- 5Y*
- 3.26%
- 10Y*
- 3.07%
SCHP vs. STIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 0.81% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
STIP iShares 0-5 Year TIPS Bond ETF | 1.33% | 6.03% | 4.77% | 4.63% | -3.02% | 5.68% | 5.18% | 4.89% | 0.54% | 0.74% |
Correlation
The correlation between SCHP and STIP is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2010 | 0.77 |
The correlation between SCHP and STIP has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
SCHP vs. STIP — Risk / Return Rank
SCHP
STIP
SCHP vs. STIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and iShares 0-5 Year TIPS Bond ETF (STIP). 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.
| SCHP | STIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.49 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 5.04 | -3.18 |
| Martin ratioReturn relative to average drawdown | 5.54 | 19.01 | -13.47 |
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Drawdowns
SCHP vs. STIP - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, which is greater than STIP's maximum drawdown of -5.50%. Use the drawdown chart below to compare losses from any high point for SCHP and STIP.
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Drawdown Indicators
| SCHP | STIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -5.50% | -8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -0.73% | -1.20% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -0.95% | -3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | -5.50% | -8.76% |
Max Drawdown (10Y)Largest decline over 10 years | -14.26% | -5.50% | -8.76% |
Current DrawdownCurrent decline from peak | -1.04% | -0.73% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -3.93% | -0.99% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.19% | +0.46% |
Volatility
SCHP vs. STIP - Volatility Comparison
Schwab U.S. TIPS ETF (SCHP) has a higher volatility of 1.20% compared to iShares 0-5 Year TIPS Bond ETF (STIP) at 0.65%. This indicates that SCHP's price experiences larger fluctuations and is considered to be riskier than STIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHP | STIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 0.65% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 1.14% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 1.54% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.11% | 2.74% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.60% | 2.46% | +3.14% |
SCHP vs. STIP - Expense Ratio Comparison
SCHP has a 0.03% expense ratio, which is lower than STIP'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. STIP - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 4.02%, less than STIP's 4.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 4.02% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
STIP iShares 0-5 Year TIPS Bond ETF | 4.33% | 4.11% | 2.62% | 2.84% | 6.04% | 4.15% | 1.40% | 2.06% | 2.44% | 1.59% | 0.89% | 0.00% |
Frequently Asked Questions
SCHP and STIP have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHP has higher volatility (1.20%) compared to STIP (0.65%). In terms of maximum drawdown, SCHP dropped -14.26% vs STIP's -5.50%.
On 10-year performance, STIP leads with 3.07% vs 2.52% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, STIP has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, STIP has performed better with a 3.07% return vs 2.52%. 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 STIP.
STIP has the higher dividend yield at 4.33%, compared with 4.02% for SCHP.
SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L), while STIP tracks Bloomberg US Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCHP and 0.06% for STIP.
STIP currently has the higher Sharpe Ratio (2.38 vs 1.07), 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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