SCHP vs. VTIP
Compare and contrast key facts about Schwab U.S. TIPS ETF (SCHP) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
SCHP and VTIP 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. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both SCHP and VTIP 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 VTIP.
Performance
SCHP vs. VTIP - Performance Comparison
Returns By Period
In the year-to-date period, SCHP achieves a 2.55% return, which is significantly lower than VTIP's 4.55% return. Over the past 10 years, SCHP has underperformed VTIP with an annualized return of 2.15%, while VTIP has yielded a comparatively higher 2.40% annualized return.
SCHP
2.55%
-0.84%
2.91%
5.64%
2.00%
2.15%
VTIP
4.55%
-0.02%
3.12%
6.57%
3.52%
2.40%
Key characteristics
| SCHP | VTIP | |
|---|---|---|
| Sharpe Ratio | 1.17 | 3.07 |
| Sortino Ratio | 1.74 | 5.45 |
| Omega Ratio | 1.21 | 1.71 |
| Calmar Ratio | 0.48 | 4.84 |
| Martin Ratio | 4.96 | 23.62 |
| Ulcer Index | 1.16% | 0.28% |
| Daily Std Dev | 4.91% | 2.13% |
| Max Drawdown | -14.26% | -6.27% |
| Current Drawdown | -6.77% | -0.47% |
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SCHP vs. VTIP - Expense Ratio Comparison
SCHP has a 0.05% expense ratio, which is higher than VTIP'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 VTIP is 0.76, 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. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. TIPS ETF (SCHP) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
SCHP's dividend yield for the trailing twelve months is around 2.84%, less than VTIP's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 2.84% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.63% | 1.90% | 1.38% | 0.28% | 1.30% | 0.67% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
SCHP vs. VTIP - Drawdown Comparison
The maximum SCHP drawdown since its inception was -14.26%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for SCHP and VTIP. For additional features, visit the drawdowns tool.
Volatility
SCHP vs. VTIP - Volatility Comparison
Schwab U.S. TIPS ETF (SCHP) has a higher volatility of 1.05% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.45%. This indicates that SCHP's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.