SCHP vs. TIP
Compare and contrast key facts about Schwab U.S. TIPS ETF (SCHP) and iShares TIPS Bond ETF (TIP).
SCHP and TIP 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. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. Both SCHP and TIP 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 TIP.
Correlation
The correlation between SCHP and TIP is -0.07. 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.
Performance
SCHP vs. TIP - Performance Comparison
Key characteristics
SCHP:
1.56
TIP:
1.50
SCHP:
2.21
TIP:
2.09
SCHP:
1.28
TIP:
1.27
SCHP:
0.68
TIP:
0.64
SCHP:
4.72
TIP:
4.51
SCHP:
1.54%
TIP:
1.56%
SCHP:
4.65%
TIP:
4.68%
SCHP:
-14.26%
TIP:
-14.56%
SCHP:
-4.07%
TIP:
-4.51%
Returns By Period
In the year-to-date period, SCHP achieves a 3.50% return, which is significantly lower than TIP's 3.68% return. Both investments have delivered pretty close results over the past 10 years, with SCHP having a 2.27% annualized return and TIP not far behind at 2.16%.
SCHP
3.50%
0.37%
2.19%
7.25%
1.55%
2.27%
TIP
3.68%
0.43%
2.18%
7.15%
1.37%
2.16%
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SCHP vs. TIP - Expense Ratio Comparison
SCHP has a 0.05% expense ratio, which is lower than TIP's 0.19% 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%.
Risk-Adjusted Performance
SCHP vs. TIP — Risk-Adjusted Performance Rank
SCHP
TIP
SCHP vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and iShares TIPS Bond ETF (TIP). 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. TIP - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 3.19%, more than TIP's 3.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TIP iShares TIPS Bond ETF | 3.03% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
Drawdowns
SCHP vs. TIP - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, roughly equal to the maximum TIP drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for SCHP and TIP. For additional features, visit the drawdowns tool.
Volatility
SCHP vs. TIP - Volatility Comparison
The current volatility for Schwab U.S. TIPS ETF (SCHP) is 2.19%, while iShares TIPS Bond ETF (TIP) has a volatility of 2.32%. This indicates that SCHP experiences smaller price fluctuations and is considered to be less risky than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.