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SCHV vs. SCHP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCHV vs. SCHP

Last updated Jun 5, 2026

SCHV (Schwab U.S. Large-Cap Value ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - SCHV is a Large Cap Value Equities fund tracking the Dow Jones U.S. Large-Cap Value Total Stock Market Index, while SCHP is a Inflation-Protected Bonds fund tracking the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Both are passively managed. Over the past 10 years, SCHV returned 11.51%/yr vs 2.66%/yr for SCHP. At a correlation of -0.09, they often move in opposite directions. SCHV charges 0.04%/yr vs 0.03%/yr for SCHP.

Performance

SCHV vs. SCHP - Performance Comparison

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

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Returns By Period

In the year-to-date period, SCHV achieves a 15.97% return, which is significantly higher than SCHP's 1.61% return. Over the past 10 years, SCHV has outperformed SCHP with an annualized return of 11.51%, while SCHP has yielded a comparatively lower 2.66% annualized return.

SCHV

1D
0.50%
1M
5.01%
YTD
15.97%
6M
16.54%
1Y
29.76%
3Y*
19.24%
5Y*
10.51%
10Y*
11.51%

SCHP

1D
0.00%
1M
0.05%
YTD
1.61%
6M
1.25%
1Y
4.83%
3Y*
3.99%
5Y*
1.13%
10Y*
2.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCHV vs. SCHP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCHV
Schwab U.S. Large-Cap Value ETF		15.97%16.02%14.13%8.93%-7.65%25.58%2.64%25.92%-7.30%16.56%
SCHP
Schwab U.S. TIPS ETF		1.61%6.76%1.95%3.91%-12.02%5.87%10.86%8.52%-1.78%3.02%

Correlation

The correlation between SCHV and SCHP is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.22

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (10Y)
Calculated over the trailing 10-year period

0.04

Correlation (All Time)
Calculated using the full available price history since Aug 6, 2010

-0.09

The correlation between SCHV and SCHP shifts across timeframes, from -0.09 (all time) to 0.22 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Schwab U.S. Large-Cap Value ETF

Schwab U.S. TIPS ETF

Often compared with SCHV:
SCHV vs. VTVSCHV vs. SCHDSCHV vs. SCHXSCHV vs. AVLVSCHV vs. VOOSCHV vs. SCHASCHV vs. SPY
Often compared with SCHP:
SCHP vs. VTIPSCHP vs. TIPSCHP vs. SCHZSCHP vs. FIPDXSCHP vs. STIPSCHP vs. SCHDSCHP vs. BND

Return for Risk

SCHV vs. SCHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCHV
SCHV Risk / Return Rank: 8585
Overall Rank
SCHV Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
SCHV Sortino Ratio Rank: 8888
Sortino Ratio Rank
SCHV Omega Ratio Rank: 8383
Omega Ratio Rank
SCHV Calmar Ratio Rank: 8383
Calmar Ratio Rank
SCHV Martin Ratio Rank: 8585
Martin Ratio Rank
SCHP
SCHP Risk / Return Rank: 4646
Overall Rank
SCHP Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
SCHP Sortino Ratio Rank: 4646
Sortino Ratio Rank
SCHP Omega Ratio Rank: 4242
Omega Ratio Rank
SCHP Calmar Ratio Rank: 5252
Calmar Ratio Rank
SCHP Martin Ratio Rank: 4747
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCHV vs. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap Value ETF (SCHV) and Schwab U.S. TIPS ETF (SCHP). 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.

SCHVSCHPDifference
Sharpe ratioReturn per unit of total volatility
2.82
1.48

+1.34

Sortino ratioReturn per unit of downside risk
3.99
2.25

+1.75

Omega ratioGain probability vs. loss probability

1.50

1.26

+0.24

Calmar ratioReturn relative to maximum drawdown

4.38

2.51

+1.86

Martin ratioReturn relative to average drawdown

17.71

7.67

+10.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCHV vs. SCHP - Sharpe Ratio Comparison

The current SCHV Sharpe Ratio is 2.82, which is higher than the SCHP Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of SCHV and SCHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SCHVSCHPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.82

1.48

+1.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.19

+0.54

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.68

0.48

+0.21

Sharpe Ratio (All Time)

Calculated using the full available price history

0.72

0.51

+0.21

Drawdowns

SCHV vs. SCHP - Drawdown Comparison

The maximum SCHV drawdown since its inception was -37.08%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for SCHV and SCHP.

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Drawdown Indicators

SCHVSCHPDifference

Max Drawdown

Largest peak-to-trough decline

-37.08%

-14.26%

-22.82%

Max Drawdown (1Y)

Largest decline over 1 year

-6.83%

-1.93%

-4.90%

Max Drawdown (3Y)

Largest decline over 3 years

-15.26%

-4.48%

-10.78%

Max Drawdown (5Y)

Largest decline over 5 years

-19.78%

-14.26%

-5.52%

Max Drawdown (10Y)

Largest decline over 10 years

-37.08%

-14.26%

-22.82%

Current Drawdown

Current decline from peak

0.00%

-0.25%

+0.25%

Average Drawdown

Average peak-to-trough decline

-3.83%

-3.94%

+0.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.68%

0.63%

+1.05%

Volatility

SCHV vs. SCHP - Volatility Comparison

Schwab U.S. Large-Cap Value ETF (SCHV) has a higher volatility of 2.97% compared to Schwab U.S. TIPS ETF (SCHP) at 0.89%. This indicates that SCHV's price experiences larger fluctuations and is considered to be riskier than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCHVSCHPDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.97%

0.89%

+2.08%

Volatility (6M)

Calculated over the trailing 6-month period

8.14%

2.20%

+5.94%

Volatility (1Y)

Calculated over the trailing 1-year period

10.63%

3.29%

+7.34%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.51%

6.12%

+8.39%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.93%

5.59%

+11.34%

SCHV vs. SCHP - Expense Ratio Comparison

SCHV has a 0.04% expense ratio, which is higher than SCHP's 0.03% 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%.

Dividends

SCHV vs. SCHP - Dividend Comparison

SCHV's dividend yield for the trailing twelve months is around 1.75%, less than SCHP's 3.99% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHP
Schwab U.S. TIPS ETF		3.99%4.06%2.99%3.02%7.19%4.39%1.11%2.02%2.26%1.90%1.38%0.28%
SCHV
Schwab U.S. Large-Cap Value ETF		1.75%2.02%2.25%2.42%2.37%1.93%3.03%3.02%3.05%2.37%2.65%2.69%

Frequently Asked Questions

SCHV and SCHP have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCHV has higher volatility (2.97%) compared to SCHP (0.89%). In terms of maximum drawdown, SCHV dropped -37.08% vs SCHP's -14.26%.

On 10-year performance, SCHV leads with 11.51% vs 2.66% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SCHV has performed better with a 11.51% return vs 2.66%. 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 0.04% for SCHV.

SCHP has the higher dividend yield at 3.99%, compared with 1.75% for SCHV.

SCHV is categorized as Large Cap Value Equities, while SCHP is Inflation-Protected Bonds. SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index, while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Their fees differ too: 0.04% for SCHV and 0.03% for SCHP.

SCHV currently has the higher Sharpe Ratio (2.82 vs 1.48), 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.

Portfolio Optimizer

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