TIPD vs. SCHP

Last updated Jul 4, 2026

TIPD (Northern Trust 2055 Inflation-Linked Distributing Ladder ETF) and SCHP (Schwab U.S. TIPS ETF) are both Inflation-Protected Bonds funds. TIPD is actively managed, while SCHP is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. TIPD charges 0.10%/yr vs 0.03%/yr for SCHP.

Performance

TIPD vs. SCHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Northern Trust 2055 Inflation-Linked Distributing Ladder ETF (TIPD) 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, TIPD achieves a 0.74% return, which is significantly lower than SCHP's 1.31% return.

TIPD

• 1D: 0.01%
• 1M: -0.43%
• 6M: 0.84%
• YTD: 0.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SCHP

• 1D: 0.19%
• 1M: -0.30%
• 6M: 1.35%
• YTD: 1.31%
• 1Y: 3.64%
• 3Y*: 3.99%
• 5Y*: 0.89%
• 10Y*: 2.43%

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

TIPD vs. SCHP - Yearly Performance Comparison

	2026 (YTD)	2025
TIPD Northern Trust 2055 Inflation-Linked Distributing Ladder ETF	0.74%	1.97%
SCHP Schwab U.S. TIPS ETF	1.31%	1.50%

Correlation

The correlation between TIPD and SCHP is 0.93, 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 19, 2025	0.93

Return for Risk

TIPD vs. SCHP — Risk / Return Rank

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

TIPD

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

SCHP

SCHP Risk / Return Rank: 35
SCHP Sharpe Ratio Rank: 33
SCHP Sortino Ratio Rank: 32
SCHP Omega Ratio Rank: 29
SCHP Calmar Ratio Rank: 42
SCHP Martin Ratio Rank: 40

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.

TIPD vs. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northern Trust 2055 Inflation-Linked Distributing Ladder ETF (TIPD) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TIPD	SCHP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.04	—
Sortino ratio: Return per unit of downside risk	—	1.52	—
Omega ratio: Gain probability vs. loss probability	—	1.18	—
Calmar ratio: Return relative to maximum drawdown	—	1.81	—
Martin ratio: Return relative to average drawdown	—	5.34	—

Drawdowns

TIPD vs. SCHP - Drawdown Comparison

The maximum TIPD drawdown since its inception was -4.01%, smaller than the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for TIPD and SCHP.

Drawdown Indicators

	TIPD	SCHP	Difference
Max Drawdown Largest peak-to-trough decline	-4.01%	-14.26%	+10.25%
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	-2.01%	-0.54%	-1.47%
Average Drawdown Average peak-to-trough decline	-1.56%	-3.92%	+2.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.65%	—

Volatility

Volatility by Period

	TIPD	SCHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.28%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.45%	—
Volatility (1Y) Calculated over the trailing 1-year period	6.17%	3.37%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.17%	6.12%	+0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.17%	5.59%	+0.58%

TIPD vs. SCHP - Expense Ratio Comparison

TIPD has a 0.10% expense ratio, which is higher than SCHP's 0.03% 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

TIPD vs. SCHP - Dividend Comparison

TIPD's dividend yield for the trailing twelve months is around 6.83%, more than SCHP's 4.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SCHP Schwab U.S. TIPS ETF	4.47%	4.06%	2.99%	3.02%	7.19%	4.39%	1.11%	2.02%	2.26%	1.90%	1.38%	0.28%
TIPD Northern Trust 2055 Inflation-Linked Distributing Ladder ETF	6.83%	1.87%	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 TIPD and SCHP in my portfolio?

With a correlation of 0.93, TIPD 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 is better, TIPD or SCHP?

On fees, SCHP is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIPD or SCHP?

SCHP is cheaper with a 0.03% expense ratio, compared with 0.10% for TIPD.

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

TIPD has the higher dividend yield at 6.83%, compared with 4.47% for SCHP.

What is the main difference between TIPD and SCHP?

They also come from different issuers: Northern Trust and Charles Schwab. Their fees differ too: 0.10% for TIPD and 0.03% for SCHP.