SCHX vs. SPIP
SCHX (Schwab U.S. Large-Cap ETF) and SPIP (SPDR Portfolio TIPS ETF) are both exchange-traded funds - SCHX is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Large-Cap Total Stock Market Index, while SPIP is a Inflation-Protected Bonds fund tracking the Bloomberg Barclays US Government Inflation-linked Bond Index. Both are passively managed. Over the past 10 years, SCHX returned 15.35%/yr vs 2.57%/yr for SPIP. At a correlation of -0.08, they often move in opposite directions. SCHX charges 0.03%/yr vs 0.12%/yr for SPIP.
Performance
SCHX vs. SPIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHX achieves a 8.86% return, which is significantly higher than SPIP's 1.26% return. Over the past 10 years, SCHX has outperformed SPIP with an annualized return of 15.35%, while SPIP has yielded a comparatively lower 2.57% annualized return.
SCHX
- 1D
- 0.48%
- 1M
- 0.14%
- YTD
- 8.86%
- 6M
- 9.10%
- 1Y
- 23.64%
- 3Y*
- 20.84%
- 5Y*
- 12.76%
- 10Y*
- 15.35%
SPIP
- 1D
- -0.08%
- 1M
- -0.22%
- YTD
- 1.26%
- 6M
- 1.35%
- 1Y
- 4.52%
- 3Y*
- 3.94%
- 5Y*
- 0.79%
- 10Y*
- 2.57%
SCHX vs. SPIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHX Schwab U.S. Large-Cap ETF | 8.86% | 17.46% | 24.88% | 26.84% | -19.41% | 26.81% | 20.81% | 31.22% | -4.66% | 21.95% |
SPIP SPDR Portfolio TIPS ETF | 1.26% | 6.78% | 2.35% | 2.98% | -12.84% | 5.80% | 11.41% | 9.14% | -1.53% | 3.16% |
Correlation
The correlation between SCHX and SPIP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2009 | -0.08 |
The correlation between SCHX and SPIP shifts across timeframes, from -0.08 (all time) to 0.23 (1 year), 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.
Return for Risk
SCHX vs. SPIP — Risk / Return Rank
SCHX
SPIP
SCHX vs. SPIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Large-Cap ETF (SCHX) and SPDR Portfolio TIPS ETF (SPIP). 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.
| SCHX | SPIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.23 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.22 | +0.41 |
| Martin ratioReturn relative to average drawdown | 11.65 | 6.47 | +5.18 |
Loading charts...
Drawdowns
SCHX vs. SPIP - Drawdown Comparison
The maximum SCHX drawdown since its inception was -34.33%, which is greater than SPIP's maximum drawdown of -15.39%. Use the drawdown chart below to compare losses from any high point for SCHX and SPIP.
Loading charts...
Drawdown Indicators
| SCHX | SPIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.33% | -15.39% | -18.94% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -2.04% | -6.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.04% | -4.76% | -14.28% |
Max Drawdown (5Y)Largest decline over 5 years | -25.41% | -15.39% | -10.02% |
Max Drawdown (10Y)Largest decline over 10 years | -34.33% | -15.39% | -18.94% |
Current DrawdownCurrent decline from peak | -2.37% | -1.25% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -3.96% | -4.10% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.04% | 0.70% | +1.34% |
Volatility
SCHX vs. SPIP - Volatility Comparison
Schwab U.S. Large-Cap ETF (SCHX) has a higher volatility of 4.47% compared to SPDR Portfolio TIPS ETF (SPIP) at 1.02%. This indicates that SCHX's price experiences larger fluctuations and is considered to be riskier than SPIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SCHX | SPIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.47% | 1.02% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.71% | 2.58% | +7.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.47% | 3.57% | +8.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 6.57% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.17% | 6.01% | +12.16% |
SCHX vs. SPIP - Expense Ratio Comparison
SCHX has a 0.03% expense ratio, which is lower than SPIP's 0.12% 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
SCHX vs. SPIP - Dividend Comparison
SCHX's dividend yield for the trailing twelve months is around 1.02%, less than SPIP's 4.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHX Schwab U.S. Large-Cap ETF | 1.02% | 1.09% | 1.22% | 1.39% | 1.64% | 1.22% | 1.64% | 1.82% | 2.02% | 1.70% | 1.92% | 2.04% |
SPIP SPDR Portfolio TIPS ETF | 4.76% | 4.09% | 3.36% | 3.70% | 7.05% | 4.53% | 1.97% | 2.91% | 2.80% | 3.02% | 1.88% | 0.14% |
Frequently Asked Questions
SCHX and SPIP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHX has higher volatility (4.47%) compared to SPIP (1.02%). In terms of maximum drawdown, SCHX dropped -34.33% vs SPIP's -15.39%.
On 10-year performance, SCHX leads with 15.35% vs 2.57% for SPIP. On fees, SCHX is cheaper at 0.03% per year. On volatility, SPIP has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHX has performed better with a 15.35% return vs 2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHX is cheaper with a 0.03% expense ratio, compared with 0.12% for SPIP.
SPIP has the higher dividend yield at 4.76%, compared with 1.02% for SCHX.
SCHX is categorized as Large Cap Blend Equities, while SPIP is Inflation-Protected Bonds. SCHX tracks Dow Jones U.S. Large-Cap Total Stock Market Index, while SPIP tracks Bloomberg Barclays US Government Inflation-linked Bond Index. They also come from different issuers: Charles Schwab and State Street. Their fees differ too: 0.03% for SCHX and 0.12% for SPIP.
SCHX currently has the higher Sharpe Ratio (1.91 vs 1.27), 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.
Find the right allocation for SCHX and SPIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer