TIPB vs. SCHP

Last updated Jun 3, 2026

TIPB (Northern Trust 2035 Inflation-Linked Distributing Ladder ETF) and SCHP (Schwab U.S. TIPS ETF) are both Inflation-Protected Bonds funds. TIPB is actively managed, while SCHP is passively managed. Their correlation of 0.92 suggests significant overlap in exposure.

Performance

TIPB vs. SCHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) and Schwab U.S. TIPS ETF (SCHP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPB achieves a 1.99% return, which is significantly higher than SCHP's 1.61% return.

TIPB

• 1D: -0.02%
• 1M: -0.16%
• YTD: 1.99%
• 6M: 1.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIPB vs. SCHP - Yearly Performance Comparison

	2026 (YTD)	2025
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	1.99%	0.79%
SCHP Schwab U.S. TIPS ETF	1.61%	1.46%

Correlation

The correlation between TIPB and SCHP is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.92

Return for Risk

TIPB vs. SCHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCHP

SCHP Risk / Return Rank: 47
SCHP Sharpe Ratio Rank: 44
SCHP Sortino Ratio Rank: 47
SCHP Omega Ratio Rank: 43
SCHP Calmar Ratio Rank: 53
SCHP Martin Ratio Rank: 49

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TIPB vs. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2035 Inflation-Linked Distributing Ladder ETF (TIPB) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TIPB	SCHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.58	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.42	0.51	+0.91

Drawdowns

TIPB vs. SCHP - Drawdown Comparison

The maximum TIPB drawdown since its inception was -1.32%, smaller than the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for TIPB and SCHP.

Drawdown Indicators

	TIPB	SCHP	Difference
Max Drawdown Largest peak-to-trough decline	-1.32%	-14.26%	+12.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.48%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.26%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.26%	—
Current Drawdown Current decline from peak	-0.19%	-0.25%	+0.06%
Average Drawdown Average peak-to-trough decline	-0.37%	-3.94%	+3.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.63%	—

Volatility

Volatility by Period

	TIPB	SCHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.54%	3.30%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.54%	6.12%	-3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.54%	5.59%	-3.05%

Dividends

TIPB vs. SCHP - Dividend Comparison

TIPB's dividend yield for the trailing twelve months is around 3.02%, 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%
TIPB Northern Trust 2035 Inflation-Linked Distributing Ladder ETF	3.02%	1.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIPB and SCHP in my portfolio?

With a correlation of 0.92, TIPB 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.

Which ETF pays a higher dividend yield, TIPB or SCHP?

SCHP has the higher dividend yield at 3.99%, compared with 3.02% for TIPB.

What is the main difference between TIPB and SCHP?

They also come from different issuers: Northern Trust and Charles Schwab.