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SPIP vs. SCHP
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPIP and SCHP is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.1

Performance

SPIP vs. SCHP - Performance Comparison

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

42.00%44.00%46.00%48.00%50.00%NovemberDecember2025FebruaryMarchApril
48.03%
48.43%
SPIP
SCHP

Key characteristics

Sharpe Ratio

SPIP:

1.34

SCHP:

1.53

Sortino Ratio

SPIP:

1.91

SCHP:

2.16

Omega Ratio

SPIP:

1.24

SCHP:

1.27

Calmar Ratio

SPIP:

0.60

SCHP:

0.67

Martin Ratio

SPIP:

4.29

SCHP:

4.62

Ulcer Index

SPIP:

1.64%

SCHP:

1.54%

Daily Std Dev

SPIP:

5.25%

SCHP:

4.65%

Max Drawdown

SPIP:

-15.38%

SCHP:

-14.26%

Current Drawdown

SPIP:

-5.28%

SCHP:

-3.99%

Returns By Period

The year-to-date returns for both stocks are quite close, with SPIP having a 3.70% return and SCHP slightly lower at 3.58%. Both investments have delivered pretty close results over the past 10 years, with SPIP having a 2.24% annualized return and SCHP not far ahead at 2.34%.


SPIP

YTD

3.70%

1M

0.52%

6M

2.44%

1Y

7.43%

5Y*

1.28%

10Y*

2.24%

SCHP

YTD

3.58%

1M

0.60%

6M

2.58%

1Y

7.48%

5Y*

1.56%

10Y*

2.34%

*Annualized

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SPIP vs. SCHP - Expense Ratio Comparison

SPIP has a 0.12% expense ratio, which is higher than SCHP's 0.05% 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%.


Expense ratio chart for SPIP: current value is 0.12%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPIP: 0.12%
Expense ratio chart for SCHP: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SCHP: 0.05%

Risk-Adjusted Performance

SPIP vs. SCHP — Risk-Adjusted Performance Rank

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

SPIP
The Risk-Adjusted Performance Rank of SPIP is 8282
Overall Rank
The Sharpe Ratio Rank of SPIP is 8888
Sharpe Ratio Rank
The Sortino Ratio Rank of SPIP is 8787
Sortino Ratio Rank
The Omega Ratio Rank of SPIP is 8585
Omega Ratio Rank
The Calmar Ratio Rank of SPIP is 6868
Calmar Ratio Rank
The Martin Ratio Rank of SPIP is 8181
Martin Ratio Rank

SCHP
The Risk-Adjusted Performance Rank of SCHP is 8484
Overall Rank
The Sharpe Ratio Rank of SCHP is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of SCHP is 9090
Sortino Ratio Rank
The Omega Ratio Rank of SCHP is 8888
Omega Ratio Rank
The Calmar Ratio Rank of SCHP is 7171
Calmar Ratio Rank
The Martin Ratio Rank of SCHP is 8383
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPIP vs. SCHP - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio TIPS ETF (SPIP) 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.


The chart of Sharpe ratio for SPIP, currently valued at 1.34, compared to the broader market-1.000.001.002.003.004.00
SPIP: 1.34
SCHP: 1.53
The chart of Sortino ratio for SPIP, currently valued at 1.91, compared to the broader market-2.000.002.004.006.008.00
SPIP: 1.91
SCHP: 2.16
The chart of Omega ratio for SPIP, currently valued at 1.24, compared to the broader market0.501.001.502.002.50
SPIP: 1.24
SCHP: 1.27
The chart of Calmar ratio for SPIP, currently valued at 0.60, compared to the broader market0.002.004.006.008.0010.0012.00
SPIP: 0.60
SCHP: 0.67
The chart of Martin ratio for SPIP, currently valued at 4.29, compared to the broader market0.0020.0040.0060.00
SPIP: 4.29
SCHP: 4.62

The current SPIP Sharpe Ratio is 1.34, which is comparable to the SCHP Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of SPIP and SCHP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50NovemberDecember2025FebruaryMarchApril
1.34
1.53
SPIP
SCHP

Dividends

SPIP vs. SCHP - Dividend Comparison

SPIP's dividend yield for the trailing twelve months is around 3.51%, more than SCHP's 3.19% yield.


TTM20242023202220212020201920182017201620152014
SPIP
SPDR Portfolio TIPS ETF
3.51%3.35%3.70%7.06%4.53%1.97%2.60%2.80%3.02%1.88%0.14%1.66%
SCHP
Schwab U.S. TIPS ETF
3.19%2.99%3.02%7.19%4.39%1.11%2.02%2.63%1.90%1.38%0.28%1.30%

Drawdowns

SPIP vs. SCHP - Drawdown Comparison

The maximum SPIP drawdown since its inception was -15.38%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for SPIP and SCHP. For additional features, visit the drawdowns tool.


-9.00%-8.00%-7.00%-6.00%-5.00%-4.00%-3.00%NovemberDecember2025FebruaryMarchApril
-5.28%
-3.99%
SPIP
SCHP

Volatility

SPIP vs. SCHP - Volatility Comparison

SPDR Portfolio TIPS ETF (SPIP) has a higher volatility of 2.48% compared to Schwab U.S. TIPS ETF (SCHP) at 2.18%. This indicates that SPIP'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.


1.00%1.50%2.00%2.50%NovemberDecember2025FebruaryMarchApril
2.48%
2.18%
SPIP
SCHP