SCHP vs. VIPSX
SCHP (Schwab U.S. TIPS ETF) and VIPSX (Vanguard Inflation-Protected Securities Fund Investor Shares) are both Inflation-Protected Bonds funds. Over the past 10 years, SCHP returned 2.53%/yr vs 2.42%/yr for VIPSX. With a 0.97 correlation, they move nearly in lockstep. SCHP charges 0.03%/yr vs 0.20%/yr for VIPSX.
Performance
SCHP vs. VIPSX - Performance Comparison
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Returns By Period
In the year-to-date period, SCHP achieves a 1.34% return, which is significantly higher than VIPSX's 1.00% return. Both investments have delivered pretty close results over the past 10 years, with SCHP having a 2.53% annualized return and VIPSX not far behind at 2.42%.
SCHP
- 1D
- 0.19%
- 1M
- 0.01%
- YTD
- 1.34%
- 6M
- 1.23%
- 1Y
- 3.89%
- 3Y*
- 3.85%
- 5Y*
- 1.07%
- 10Y*
- 2.53%
VIPSX
- 1D
- 0.34%
- 1M
- -0.17%
- YTD
- 1.00%
- 6M
- 0.91%
- 1Y
- 3.52%
- 3Y*
- 3.64%
- 5Y*
- 0.88%
- 10Y*
- 2.42%
SCHP vs. VIPSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 1.34% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 1.00% | 6.77% | 1.74% | 3.73% | -12.04% | 5.57% | 10.90% | 8.06% | -1.48% | 2.81% |
Correlation
The correlation between SCHP and VIPSX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | 0.97 |
The correlation between SCHP and VIPSX has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
SCHP vs. VIPSX — Risk / Return Rank
SCHP
VIPSX
SCHP vs. VIPSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX). 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 | VIPSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.18 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.80 | +0.23 |
| Martin ratioReturn relative to average drawdown | 5.98 | 5.38 | +0.60 |
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Drawdowns
SCHP vs. VIPSX - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, smaller than the maximum VIPSX drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for SCHP and VIPSX.
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Drawdown Indicators
| SCHP | VIPSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.26% | -15.13% | +0.87% |
Max Drawdown (1Y)Largest decline over 1 year | -1.93% | -2.02% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -4.48% | -4.57% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -14.26% | -14.55% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -14.26% | -14.55% | +0.29% |
Current DrawdownCurrent decline from peak | -0.51% | -0.70% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -3.23% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.67% | -0.02% |
Volatility
SCHP vs. VIPSX - Volatility Comparison
Schwab U.S. TIPS ETF (SCHP) and Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) have volatilities of 1.21% and 1.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCHP | VIPSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 1.26% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 2.50% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.36% | 3.41% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.12% | 5.98% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.59% | 5.33% | +0.26% |
SCHP vs. VIPSX - Expense Ratio Comparison
SCHP has a 0.03% expense ratio, which is lower than VIPSX's 0.20% 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. VIPSX - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 4.00%, less than VIPSX's 4.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 4.00% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 4.41% | 4.64% | 4.07% | 4.20% | 8.34% | 5.03% | 1.28% | 2.22% | 3.03% | 2.32% | 3.38% | 0.77% |
Frequently Asked Questions
With a correlation of 0.93, SCHP and VIPSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VIPSX has higher volatility (1.26%) compared to SCHP (1.21%). In terms of maximum drawdown, SCHP dropped -14.26% vs VIPSX's -15.13%.
SCHP currently has the higher Sharpe Ratio (1.16 vs 1.06), 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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