SWRSX vs. SCHP
SWRSX (Schwab Treasury Inflation Protected Securities Index Fund) and SCHP (Schwab U.S. TIPS ETF) are both Inflation-Protected Bonds funds from Charles Schwab. Over the past 10 years, SWRSX returned 2.50%/yr vs 2.55%/yr for SCHP. Their correlation of 0.93 suggests significant overlap in exposure. SWRSX charges 0.05%/yr vs 0.03%/yr for SCHP.
Performance
SWRSX vs. SCHP - Performance Comparison
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Returns By Period
In the year-to-date period, SWRSX achieves a 0.74% return, which is significantly lower than SCHP's 1.15% return. Both investments have delivered pretty close results over the past 10 years, with SWRSX having a 2.50% annualized return and SCHP not far ahead at 2.55%.
SWRSX
- 1D
- -0.10%
- 1M
- -0.19%
- YTD
- 0.74%
- 6M
- 0.65%
- 1Y
- 3.37%
- 3Y*
- 3.62%
- 5Y*
- 0.95%
- 10Y*
- 2.50%
SCHP
- 1D
- 0.34%
- 1M
- 0.16%
- YTD
- 1.15%
- 6M
- 1.04%
- 1Y
- 3.69%
- 3Y*
- 3.79%
- 5Y*
- 1.03%
- 10Y*
- 2.55%
SWRSX vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 0.74% | 6.84% | 1.95% | 3.80% | -12.01% | 5.83% | 10.88% | 8.38% | -1.32% | 2.69% |
SCHP Schwab U.S. TIPS ETF | 1.15% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
Correlation
The correlation between SWRSX and SCHP is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | 0.93 |
The correlation between SWRSX and SCHP has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
SWRSX vs. SCHP — Risk / Return Rank
SWRSX
SCHP
SWRSX vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) 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.
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.
| SWRSX | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.92 | -0.09 |
| Martin ratioReturn relative to average drawdown | 5.42 | 5.68 | -0.26 |
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Drawdowns
SWRSX vs. SCHP - Drawdown Comparison
The maximum SWRSX drawdown since its inception was -14.29%, roughly equal to the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for SWRSX and SCHP.
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Drawdown Indicators
| SWRSX | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.29% | -14.26% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -1.90% | -1.93% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.46% | -4.48% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -14.29% | -14.26% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -14.29% | -14.26% | -0.03% |
Current DrawdownCurrent decline from peak | -1.05% | -0.70% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -3.92% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.64% | 0.65% | -0.01% |
Volatility
SWRSX vs. SCHP - Volatility Comparison
The current volatility for Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) is 1.11%, while Schwab U.S. TIPS ETF (SCHP) has a volatility of 1.25%. This indicates that SWRSX experiences smaller price fluctuations and is considered to be less risky than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SWRSX | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 1.25% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.33% | 2.40% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 3.36% | -0.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 6.11% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.37% | 5.59% | -0.22% |
SWRSX vs. SCHP - Expense Ratio Comparison
SWRSX has a 0.05% 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
SWRSX vs. SCHP - Dividend Comparison
SWRSX's dividend yield for the trailing twelve months is around 3.82%, less than SCHP's 4.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 4.00% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 3.82% | 4.20% | 3.68% | 3.11% | 7.95% | 4.45% | 1.33% | 2.20% | 2.87% | 1.75% | 1.81% | 1.06% |
Frequently Asked Questions
With a correlation of 0.94, SWRSX and SCHP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
SCHP has higher volatility (1.25%) compared to SWRSX (1.11%). In terms of maximum drawdown, SWRSX dropped -14.29% vs SCHP's -14.26%.
SCHP currently has the higher Sharpe Ratio (1.10 vs 1.09), 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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