SCYB vs. VTIP
SCYB (Schwab High Yield Bond ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - SCYB is a High Yield Bonds fund tracking the ICE BofA US Cash Pay High Yield Constrained Index, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past year, SCYB returned 7.51% vs 4.57% for VTIP. At a 0.39 correlation, their price movements are largely independent. Both charge a 0.03% expense ratio.
Performance
SCYB vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, SCYB achieves a 2.07% return, which is significantly higher than VTIP's 1.91% return.
SCYB
- 1D
- 0.21%
- 1M
- 1.31%
- YTD
- 2.07%
- 6M
- 2.45%
- 1Y
- 7.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTIP
- 1D
- 0.06%
- 1M
- -0.00%
- YTD
- 1.91%
- 6M
- 2.03%
- 1Y
- 4.57%
- 3Y*
- 5.19%
- 5Y*
- 3.46%
- 10Y*
- 3.09%
SCYB vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SCYB Schwab High Yield Bond ETF | 2.07% | 8.33% | 8.15% | 7.29% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.91% | 6.07% | 4.74% | 3.17% |
Correlation
The correlation between SCYB and VTIP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | 0.39 |
The correlation between SCYB and VTIP shifts across timeframes, from 0.20 (1 year) to 0.39 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SCYB vs. VTIP — Risk / Return Rank
SCYB
VTIP
SCYB vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab High Yield Bond ETF (SCYB) 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.
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.
| SCYB | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.65 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 3.09 | 6.57 | -3.48 |
| Martin ratioReturn relative to average drawdown | 13.74 | 25.33 | -11.59 |
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Drawdowns
SCYB vs. VTIP - Drawdown Comparison
The maximum SCYB drawdown since its inception was -4.92%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for SCYB and VTIP.
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Drawdown Indicators
| SCYB | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.92% | -6.27% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.44% | -0.70% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.16% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -1.04% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.55% | 0.18% | +0.37% |
Volatility
SCYB vs. VTIP - Volatility Comparison
Schwab High Yield Bond ETF (SCYB) has a higher volatility of 1.13% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.40%. This indicates that SCYB'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.
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Volatility by Period
| SCYB | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.40% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.00% | 1.04% | +1.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 1.50% | +2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 2.77% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.12% | 2.74% | +2.38% |
SCYB vs. VTIP - Expense Ratio Comparison
Both SCYB and VTIP have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SCYB vs. VTIP - Dividend Comparison
SCYB's dividend yield for the trailing twelve months is around 6.90%, more than VTIP's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SCYB Schwab High Yield Bond ETF | 6.90% | 6.99% | 7.06% | 3.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
SCYB and VTIP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCYB has higher volatility (1.13%) compared to VTIP (0.40%). In terms of maximum drawdown, SCYB dropped -4.92% vs VTIP's -6.27%.
On 1-year performance, SCYB leads with 7.51% vs 4.57% for VTIP. Both ETFs have the same 0.03% expense ratio. On volatility, VTIP has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCYB has performed better with a 7.51% return vs 4.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCYB and VTIP have the same expense ratio: 0.03% per year.
SCYB has the higher dividend yield at 6.90%, compared with 3.59% for VTIP.
SCYB is categorized as High Yield Bonds, while VTIP is Inflation-Protected Bonds. SCYB tracks ICE BofA US Cash Pay High Yield Constrained Index, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: Charles Schwab and Vanguard.
VTIP currently has the higher Sharpe Ratio (3.07 vs 1.99), 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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