SGVT vs. VTIP

Last updated Jun 4, 2026

SGVT (Schwab Government Money Market ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - SGVT is a Money Market fund actively managed by Charles Schwab, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. SGVT is actively managed, while VTIP is passively managed. At a 0.07 correlation, their price movements are largely independent. SGVT charges 0.28%/yr vs 0.03%/yr for VTIP.

Performance

SGVT vs. VTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Government Money Market ETF (SGVT) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGVT achieves a 1.41% return, which is significantly lower than VTIP's 2.05% return.

SGVT

• 1D: 0.01%
• 1M: 0.27%
• YTD: 1.41%
• 6M: 1.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTIP

• 1D: 0.00%
• 1M: 0.04%
• YTD: 2.05%
• 6M: 2.03%
• 1Y: 4.70%
• 3Y*: 5.26%
• 5Y*: 3.37%
• 10Y*: 3.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SGVT vs. VTIP - Yearly Performance Comparison

	2026 (YTD)	2025
SGVT Schwab Government Money Market ETF	1.41%	2.22%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	2.05%	2.68%

Correlation

The correlation between SGVT and VTIP is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.07

Return for Risk

SGVT vs. VTIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTIP

VTIP Risk / Return Rank: 93
VTIP Sharpe Ratio Rank: 90
VTIP Sortino Ratio Rank: 95
VTIP Omega Ratio Rank: 93
VTIP Calmar Ratio Rank: 93
VTIP Martin Ratio Rank: 93

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.

SGVT vs. VTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Government Money Market ETF (SGVT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SGVT	VTIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.15	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.22	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	18.57	0.89	+17.68

Drawdowns

SGVT vs. VTIP - Drawdown Comparison

The maximum SGVT drawdown since its inception was -0.03%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for SGVT and VTIP.

Drawdown Indicators

	SGVT	VTIP	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-6.27%	+6.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.70%	—
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 Drawdown Current decline from peak	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-0.00%	-1.04%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.18%	—

Volatility

Volatility by Period

	SGVT	VTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.20%	1.50%	-1.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.20%	2.77%	-2.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.20%	2.74%	-2.54%

SGVT vs. VTIP - Expense Ratio Comparison

SGVT has a 0.28% expense ratio, which is higher than VTIP's 0.03% expense ratio.

Dividends

SGVT vs. VTIP - Dividend Comparison

SGVT's dividend yield for the trailing twelve months is around 3.12%, less than VTIP's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SGVT Schwab Government Money Market ETF	3.12%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	3.58%	3.81%	2.70%	2.86%	6.84%	4.68%	1.20%	1.95%	2.45%	1.52%	0.76%

Frequently Asked Questions

Can I hold both SGVT and VTIP in my portfolio?

SGVT and VTIP have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SGVT or VTIP?

On fees, VTIP is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SGVT or VTIP?

VTIP is cheaper with a 0.03% expense ratio, compared with 0.28% for SGVT.

Which ETF pays a higher dividend yield, SGVT or VTIP?

VTIP has the higher dividend yield at 3.58%, compared with 3.12% for SGVT.

What is the main difference between SGVT and VTIP?

SGVT is categorized as Money Market, while VTIP is Inflation-Protected Bonds. They also come from different issuers: Charles Schwab and Vanguard. Their fees differ too: 0.28% for SGVT and 0.03% for VTIP.