TECB vs. SCHP
TECB (iShares U.S. Tech Breakthrough Multisector ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - TECB is a Technology Equities fund tracking the NYSE FactSet U.S. Tech Breakthrough Index, 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 5 years, TECB returned 14.63%/yr vs 1.13%/yr for SCHP. At a 0.15 correlation, their price movements are largely independent. TECB charges 0.40%/yr vs 0.03%/yr for SCHP.
Performance
TECB vs. SCHP - Performance Comparison
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Returns By Period
In the year-to-date period, TECB achieves a 19.95% return, which is significantly higher than SCHP's 1.61% return.
TECB
- 1D
- 0.14%
- 1M
- 11.50%
- YTD
- 19.95%
- 6M
- 18.49%
- 1Y
- 34.25%
- 3Y*
- 26.45%
- 5Y*
- 14.63%
- 10Y*
- —
SCHP
- 1D
- 0.00%
- 1M
- 0.05%
- YTD
- 1.61%
- 6M
- 1.25%
- 1Y
- 4.83%
- 3Y*
- 3.99%
- 5Y*
- 1.13%
- 10Y*
- 2.66%
TECB vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TECB iShares U.S. Tech Breakthrough Multisector ETF | 19.95% | 14.86% | 24.38% | 57.53% | -34.39% | 19.60% | 39.90% |
SCHP Schwab U.S. TIPS ETF | 1.61% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.24% |
Correlation
The correlation between TECB and SCHP is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 13, 2020 | 0.15 |
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Return for Risk
TECB vs. SCHP — Risk / Return Rank
TECB
SCHP
TECB vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Tech Breakthrough Multisector ETF (TECB) 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.
| TECB | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.26 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.51 | -0.39 |
| Martin ratioReturn relative to average drawdown | 6.21 | 7.67 | -1.46 |
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
| TECB | SCHP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 1.48 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.19 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.51 | +0.23 |
Drawdowns
TECB vs. SCHP - Drawdown Comparison
The maximum TECB drawdown since its inception was -41.62%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for TECB and SCHP.
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Drawdown Indicators
| TECB | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.62% | -14.26% | -27.36% |
Max Drawdown (1Y)Largest decline over 1 year | -16.24% | -1.93% | -14.31% |
Max Drawdown (3Y)Largest decline over 3 years | -23.91% | -4.48% | -19.43% |
Max Drawdown (5Y)Largest decline over 5 years | -41.62% | -14.26% | -27.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.26% | — |
Current DrawdownCurrent decline from peak | -1.55% | -0.25% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -10.18% | -3.94% | -6.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.53% | 0.63% | +4.90% |
Volatility
TECB vs. SCHP - Volatility Comparison
iShares U.S. Tech Breakthrough Multisector ETF (TECB) has a higher volatility of 5.26% compared to Schwab U.S. TIPS ETF (SCHP) at 0.89%. This indicates that TECB'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.
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Volatility by Period
| TECB | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 0.89% | +4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 2.20% | +10.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 3.29% | +13.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.50% | 6.12% | +17.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.37% | 5.59% | +19.78% |
TECB vs. SCHP - Expense Ratio Comparison
TECB has a 0.40% expense ratio, which is higher than SCHP's 0.03% expense ratio.
Dividends
TECB vs. SCHP - Dividend Comparison
TECB's dividend yield for the trailing twelve months is around 0.28%, less 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% |
TECB iShares U.S. Tech Breakthrough Multisector ETF | 0.28% | 0.33% | 0.35% | 0.23% | 0.61% | 0.35% | 0.77% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TECB and SCHP have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TECB has higher volatility (5.26%) compared to SCHP (0.89%). In terms of maximum drawdown, TECB dropped -41.62% vs SCHP's -14.26%.
On 5-year performance, TECB leads with 14.63% vs 1.13% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TECB has performed better with a 14.63% return vs 1.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHP is cheaper with a 0.03% expense ratio, compared with 0.40% for TECB.
SCHP has the higher dividend yield at 3.99%, compared with 0.28% for TECB.
TECB is categorized as Technology Equities, while SCHP is Inflation-Protected Bonds. TECB tracks NYSE FactSet U.S. Tech Breakthrough Index, while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.40% for TECB and 0.03% for SCHP.
TECB currently has the higher Sharpe Ratio (2.02 vs 1.48), 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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