PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SWISX vs. SCHP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SWISX vs. SCHP

Last updated Jun 9, 2026

SWISX (Schwab International Index Fund) and SCHP (Schwab U.S. TIPS ETF) are both funds - SWISX is a Foreign Large Cap Equities fund tracking the MSCI EAFE Index (Net), 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, SWISX returned 8.88%/yr vs 2.53%/yr for SCHP. At a correlation of -0.01, they often move in opposite directions. SWISX charges 0.06%/yr vs 0.03%/yr for SCHP.

Performance

SWISX vs. SCHP - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, SWISX achieves a 6.62% return, which is significantly higher than SCHP's 0.96% return. Over the past 10 years, SWISX has outperformed SCHP with an annualized return of 8.88%, while SCHP has yielded a comparatively lower 2.53% annualized return.

SWISX

1D
-2.52%
1M
-1.61%
YTD
6.62%
6M
9.04%
1Y
18.18%
3Y*
15.81%
5Y*
7.96%
10Y*
8.88%

SCHP

1D
-0.19%
1M
-0.89%
YTD
0.96%
6M
0.95%
1Y
4.80%
3Y*
3.84%
5Y*
1.02%
10Y*
2.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SWISX vs. SCHP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SWISX
Schwab International Index Fund		6.62%31.59%3.54%18.13%-14.30%11.25%8.14%21.87%-13.38%25.32%
SCHP
Schwab U.S. TIPS ETF		0.96%6.76%1.95%3.91%-12.02%5.87%10.86%8.52%-1.78%3.02%

Correlation

The correlation between SWISX and SCHP is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.31

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

0.29

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

0.24

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

0.12

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

-0.01

The correlation between SWISX and SCHP shifts across timeframes, from -0.01 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

SWISX vs. SCHP - Sectors Allocation Comparison

Sectors
SWISX
SCHP

Financial Services

24.4%
0.0%

Industrials

20.3%

-

Technology

10.7%

-

Healthcare

9.2%

-

Consumer Cyclical

7.7%
100.0%

Consumer Defensive

7.0%

-

Basic Materials

6.1%

-

Communication Services

4.6%

-

Energy

4.1%

-

Utilities

4.0%

-

Real Estate

2.0%

-

Financial Services

SWISX
24.4%
SCHP
0.0%

Industrials

SWISX
20.3%
SCHP

-

Technology

SWISX
10.7%
SCHP

-

Healthcare

SWISX
9.2%
SCHP

-

Consumer Cyclical

SWISX
7.7%
SCHP
100.0%

Consumer Defensive

SWISX
7.0%
SCHP

-

Basic Materials

SWISX
6.1%
SCHP

-

Communication Services

SWISX
4.6%
SCHP

-

Energy

SWISX
4.1%
SCHP

-

Utilities

SWISX
4.0%
SCHP

-

Real Estate

SWISX
2.0%
SCHP

-

Compare stocks, funds, or ETFs

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

Schwab International Index Fund

Schwab U.S. TIPS ETF

Often compared with SWISX:
SWISX vs. SCHFSWISX vs. VXUSSWISX vs. SWTSXSWISX vs. VTIAXSWISX vs. SFNNXSWISX vs. FTIHXSWISX vs. SWPPX
Often compared with SCHP:
SCHP vs. VTIPSCHP vs. TIPSCHP vs. SCHZSCHP vs. FIPDXSCHP vs. STIPSCHP vs. SCHDSCHP vs. BND

Return for Risk

SWISX vs. SCHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SWISX
SWISX Risk / Return Rank: 2222
Overall Rank
SWISX Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
SWISX Sortino Ratio Rank: 2020
Sortino Ratio Rank
SWISX Omega Ratio Rank: 2020
Omega Ratio Rank
SWISX Calmar Ratio Rank: 2323
Calmar Ratio Rank
SWISX Martin Ratio Rank: 2727
Martin Ratio Rank
SCHP
SCHP Risk / Return Rank: 4949
Overall Rank
SCHP Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
SCHP Sortino Ratio Rank: 5050
Sortino Ratio Rank
SCHP Omega Ratio Rank: 4545
Omega Ratio Rank
SCHP Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHP Martin Ratio Rank: 4949
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.

SWISX vs. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab International Index Fund (SWISX) 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.

SWISXSCHPDifference
Sharpe ratioReturn per unit of total volatility
1.22
1.47

-0.25

Sortino ratioReturn per unit of downside risk
1.76
2.23

-0.47

Omega ratioGain probability vs. loss probability

1.22

1.26

-0.04

Calmar ratioReturn relative to maximum drawdown

1.64

2.50

-0.85

Martin ratioReturn relative to average drawdown

6.15

7.59

-1.44

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

SWISX vs. SCHP - Sharpe Ratio Comparison

The current SWISX Sharpe Ratio is 1.22, which is comparable to the SCHP Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of SWISX 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.

Loading charts...

Sharpe Ratios by Period

SWISXSCHPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.22

1.47

-0.25

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.49

0.17

+0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.53

0.45

+0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.50

-0.20

Drawdowns

SWISX vs. SCHP - Drawdown Comparison

The maximum SWISX drawdown since its inception was -60.65%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for SWISX and SCHP.

Loading charts...

Drawdown Indicators

SWISXSCHPDifference

Max Drawdown

Largest peak-to-trough decline

-60.65%

-14.26%

-46.39%

Max Drawdown (1Y)

Largest decline over 1 year

-11.39%

-1.93%

-9.46%

Max Drawdown (3Y)

Largest decline over 3 years

-13.68%

-4.48%

-9.20%

Max Drawdown (5Y)

Largest decline over 5 years

-29.42%

-14.26%

-15.16%

Max Drawdown (10Y)

Largest decline over 10 years

-33.83%

-14.26%

-19.57%

Current Drawdown

Current decline from peak

-3.13%

-0.89%

-2.24%

Average Drawdown

Average peak-to-trough decline

-14.81%

-3.93%

-10.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.04%

0.63%

+2.41%

Volatility

SWISX vs. SCHP - Volatility Comparison

Schwab International Index Fund (SWISX) has a higher volatility of 4.52% compared to Schwab U.S. TIPS ETF (SCHP) at 1.00%. This indicates that SWISX'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.

Loading charts...

Volatility by Period

SWISXSCHPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.52%

1.00%

+3.52%

Volatility (6M)

Calculated over the trailing 6-month period

12.65%

2.24%

+10.41%

Volatility (1Y)

Calculated over the trailing 1-year period

15.38%

3.29%

+12.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.32%

6.12%

+10.20%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.89%

5.59%

+11.30%

SWISX vs. SCHP - Expense Ratio Comparison

SWISX has a 0.06% 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

SWISX vs. SCHP - Dividend Comparison

SWISX's dividend yield for the trailing twelve months is around 3.33%, less than SCHP's 4.01% yield.

PositionTTM20252024202320222021202020192018201720162015
SCHP
Schwab U.S. TIPS ETF		4.01%4.06%2.99%3.02%7.19%4.39%1.11%2.02%2.26%1.90%1.38%0.28%
SWISX
Schwab International Index Fund		3.33%3.55%3.29%3.31%2.73%3.34%1.88%3.09%3.15%2.71%3.19%2.71%

Frequently Asked Questions

SWISX and SCHP have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SWISX has higher volatility (4.52%) compared to SCHP (1.00%). In terms of maximum drawdown, SWISX dropped -60.65% vs SCHP's -14.26%.

SCHP currently has the higher Sharpe Ratio (1.47 vs 1.22), 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

Find the right allocation for SWISX and SCHP

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