TDTT vs. SCHP
TDTT (FlexShares iBoxx 3-Year Target Duration TIPS Index Fund) and SCHP (Schwab U.S. TIPS ETF) are both Inflation-Protected Bonds funds - TDTT tracks the iBoxx 3-Year Target Duration TIPS while SCHP tracks the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). Both are passively managed. Over the past 10 years, TDTT returned 3.11%/yr vs 2.66%/yr for SCHP. A 0.72 correlation means they provide meaningful diversification when combined. TDTT charges 0.18%/yr vs 0.05%/yr for SCHP.
Performance
TDTT vs. SCHP - Performance Comparison
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Returns By Period
In the year-to-date period, TDTT achieves a 1.81% return, which is significantly higher than SCHP's 1.61% return. Over the past 10 years, TDTT has outperformed SCHP with an annualized return of 3.11%, while SCHP has yielded a comparatively lower 2.66% annualized return.
TDTT
- 1D
- 0.00%
- 1M
- -0.06%
- YTD
- 1.81%
- 6M
- 1.77%
- 1Y
- 4.65%
- 3Y*
- 5.00%
- 5Y*
- 2.85%
- 10Y*
- 3.11%
SCHP
- 1D
- -0.15%
- 1M
- -0.03%
- YTD
- 1.61%
- 6M
- 1.14%
- 1Y
- 5.19%
- 3Y*
- 4.05%
- 5Y*
- 1.13%
- 10Y*
- 2.66%
TDTT vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 1.81% | 6.67% | 3.96% | 4.40% | -4.58% | 5.49% | 6.84% | 5.74% | 0.25% | 0.43% |
SCHP Schwab U.S. TIPS ETF | 1.61% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
Correlation
The correlation between TDTT and SCHP is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2011 | 0.72 |
The correlation between TDTT and SCHP shifts across timeframes, from 0.72 (all time) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
TDTT vs. SCHP — Risk / Return Rank
TDTT
SCHP
TDTT vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) 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.
| TDTT | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.28 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 5.17 | 2.70 | +2.47 |
| Martin ratioReturn relative to average drawdown | 16.59 | 8.22 | +8.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TDTT | SCHP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | 1.58 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.19 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.48 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.51 | +0.19 |
Drawdowns
TDTT vs. SCHP - Drawdown Comparison
The maximum TDTT drawdown since its inception was -6.97%, smaller than the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for TDTT and SCHP.
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Drawdown Indicators
| TDTT | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.97% | -14.26% | +7.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.90% | -1.93% | +1.03% |
Max Drawdown (3Y)Largest decline over 3 years | -1.53% | -4.48% | +2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -6.97% | -14.26% | +7.29% |
Max Drawdown (10Y)Largest decline over 10 years | -6.97% | -14.26% | +7.29% |
Current DrawdownCurrent decline from peak | -0.14% | -0.25% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -3.94% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.28% | 0.63% | -0.35% |
Volatility
TDTT vs. SCHP - Volatility Comparison
The current volatility for FlexShares iBoxx 3-Year Target Duration TIPS Index Fund (TDTT) is 0.46%, while Schwab U.S. TIPS ETF (SCHP) has a volatility of 0.89%. This indicates that TDTT 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
| TDTT | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.46% | 0.89% | -0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 1.21% | 2.20% | -0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 3.30% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 6.12% | -2.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.38% | 5.59% | -2.21% |
TDTT vs. SCHP - Expense Ratio Comparison
TDTT has a 0.18% 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%.
Dividends
TDTT vs. SCHP - Dividend Comparison
TDTT's dividend yield for the trailing twelve months is around 4.54%, more than SCHP's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 3.99% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
TDTT FlexShares iBoxx 3-Year Target Duration TIPS Index Fund | 4.54% | 4.52% | 4.01% | 3.88% | 6.97% | 4.53% | 1.15% | 1.91% | 2.48% | 1.88% | 1.01% | 0.00% |
Frequently Asked Questions
TDTT and SCHP have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHP has higher volatility (0.89%) compared to TDTT (0.46%). In terms of maximum drawdown, TDTT dropped -6.97% vs SCHP's -14.26%.
On 10-year performance, TDTT leads with 3.11% vs 2.66% for SCHP. On fees, SCHP is cheaper at 0.05% per year. On volatility, TDTT has been the lower-risk option at 0.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TDTT has performed better with a 3.11% return vs 2.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHP is cheaper with a 0.05% expense ratio, compared with 0.18% for TDTT.
TDTT has the higher dividend yield at 4.54%, compared with 3.99% for SCHP.
TDTT tracks iBoxx 3-Year Target Duration TIPS, while SCHP tracks Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). They also come from different issuers: Northern Trust and Charles Schwab. Their fees differ too: 0.18% for TDTT and 0.05% for SCHP.
TDTT currently has the higher Sharpe Ratio (2.54 vs 1.58), 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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