SWRSX vs. TIP
Compare and contrast key facts about Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) and iShares TIPS Bond ETF (TIP).
SWRSX is managed by Charles Schwab. It was launched on Mar 30, 2006. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SWRSX or TIP.
Key characteristics
| SWRSX | TIP | |
|---|---|---|
| YTD Return | 2.41% | 2.17% |
| 1Y Return | 5.58% | 5.43% |
| 3Y Return (Ann) | -2.64% | -2.44% |
| 5Y Return (Ann) | 1.84% | 1.91% |
| 10Y Return (Ann) | 1.94% | 2.01% |
| Sharpe Ratio | 1.29 | 1.26 |
| Sortino Ratio | 1.93 | 1.87 |
| Omega Ratio | 1.24 | 1.22 |
| Calmar Ratio | 0.49 | 0.50 |
| Martin Ratio | 5.95 | 5.70 |
| Ulcer Index | 1.10% | 1.10% |
| Daily Std Dev | 5.06% | 5.01% |
| Max Drawdown | -15.14% | -14.56% |
| Current Drawdown | -7.92% | -7.43% |
Correlation
The correlation between SWRSX and TIP is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SWRSX vs. TIP - Performance Comparison
In the year-to-date period, SWRSX achieves a 2.41% return, which is significantly higher than TIP's 2.17% return. Both investments have delivered pretty close results over the past 10 years, with SWRSX having a 1.94% annualized return and TIP not far ahead at 2.01%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SWRSX vs. TIP - Expense Ratio Comparison
SWRSX has a 0.05% expense ratio, which is lower than TIP's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SWRSX vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) and iShares TIPS Bond ETF (TIP). 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.
Dividends
SWRSX vs. TIP - Dividend Comparison
SWRSX's dividend yield for the trailing twelve months is around 3.78%, more than TIP's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 3.78% | 3.11% | 7.07% | 4.33% | 1.25% | 2.20% | 2.88% | 1.99% | 1.81% | 0.77% | 2.30% | 1.42% |
TIP iShares TIPS Bond ETF | 2.41% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
Drawdowns
SWRSX vs. TIP - Drawdown Comparison
The maximum SWRSX drawdown since its inception was -15.14%, roughly equal to the maximum TIP drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for SWRSX and TIP. For additional features, visit the drawdowns tool.
Volatility
SWRSX vs. TIP - Volatility Comparison
Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) and iShares TIPS Bond ETF (TIP) have volatilities of 1.32% and 1.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.