TIP vs. SWRSX
Compare and contrast key facts about iShares TIPS Bond ETF (TIP) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX).
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. SWRSX is managed by Charles Schwab. It was launched on Mar 30, 2006.
Performance
TIP vs. SWRSX - Performance Comparison
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TIP vs. SWRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 0.41% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | -0.00% | 6.84% | 1.95% | 3.80% | -12.01% | 5.83% | 10.88% | 8.38% | -1.32% | 2.69% |
Returns By Period
Both investments have delivered pretty close results over the past 10 years, with TIP having a 2.49% annualized return and SWRSX not far ahead at 2.53%.
TIP
- 1D
- 0.00%
- 1M
- -1.08%
- YTD
- 0.41%
- 6M
- 0.15%
- 1Y
- 2.76%
- 3Y*
- 2.98%
- 5Y*
- 1.24%
- 10Y*
- 2.49%
SWRSX
- 1D
- -0.39%
- 1M
- -1.53%
- YTD
- -0.00%
- 6M
- -0.15%
- 1Y
- 2.51%
- 3Y*
- 3.00%
- 5Y*
- 1.29%
- 10Y*
- 2.53%
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TIP vs. SWRSX - Expense Ratio Comparison
TIP has a 0.19% expense ratio, which is higher than SWRSX'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%.
Return for Risk
TIP vs. SWRSX — Risk / Return Rank
TIP
SWRSX
TIP vs. SWRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX). 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.
| TIP | SWRSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.63 | +0.04 |
Sortino ratioReturn per unit of downside risk | 0.93 | 0.88 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.12 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.11 | -0.07 |
Martin ratioReturn relative to average drawdown | 2.99 | 3.26 | -0.26 |
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
| TIP | SWRSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.63 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.21 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.47 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.56 | 0.00 |
Correlation
The correlation between TIP and SWRSX is 0.92, 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.
Dividends
TIP vs. SWRSX - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 2.80%, less than SWRSX's 3.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 2.80% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 3.38% | 4.20% | 3.68% | 3.11% | 7.95% | 4.45% | 1.33% | 2.20% | 2.87% | 1.75% | 1.81% | 1.06% |
Drawdowns
TIP vs. SWRSX - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, roughly equal to the maximum SWRSX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for TIP and SWRSX.
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Drawdown Indicators
| TIP | SWRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -14.29% | -0.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -2.68% | -0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -14.29% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -14.29% | -0.22% |
Current DrawdownCurrent decline from peak | -1.36% | -1.71% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -3.75% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.91% | +0.03% |
Volatility
TIP vs. SWRSX - Volatility Comparison
iShares TIPS Bond ETF (TIP) has a higher volatility of 1.41% compared to Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) at 1.33%. This indicates that TIP's price experiences larger fluctuations and is considered to be riskier than SWRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | SWRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 1.33% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 2.20% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 4.01% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.22% | 6.05% | +0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 5.39% | +0.36% |