TIPX vs. SCHD
TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - TIPX is a Inflation-Protected Bonds fund tracking the Bloomberg US Govt Inflation-Linked (1-10 Y), while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, TIPX returned 2.81%/yr vs 12.72%/yr for SCHD. At a 0.05 correlation, their price movements are largely independent. TIPX charges 0.15%/yr vs 0.06%/yr for SCHD.
Performance
TIPX vs. SCHD - Performance Comparison
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Returns By Period
In the year-to-date period, TIPX achieves a 0.81% return, which is significantly lower than SCHD's 17.72% return. Over the past 10 years, TIPX has underperformed SCHD with an annualized return of 2.81%, while SCHD has yielded a comparatively higher 12.72% annualized return.
TIPX
- 1D
- -0.05%
- 1M
- -0.32%
- YTD
- 0.81%
- 6M
- 0.97%
- 1Y
- 3.45%
- 3Y*
- 4.51%
- 5Y*
- 2.15%
- 10Y*
- 2.81%
SCHD
- 1D
- 0.41%
- 1M
- -2.47%
- YTD
- 17.72%
- 6M
- 17.25%
- 1Y
- 24.56%
- 3Y*
- 14.60%
- 5Y*
- 8.71%
- 10Y*
- 12.72%
TIPX vs. SCHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 0.81% | 7.15% | 3.08% | 4.43% | -7.58% | 5.42% | 8.51% | 6.60% | -0.32% | 2.54% |
SCHD Schwab U.S. Dividend Equity ETF | 17.72% | 4.34% | 11.66% | 4.54% | -3.26% | 29.87% | 15.03% | 27.29% | -5.56% | 20.85% |
Correlation
The correlation between TIPX and SCHD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 30, 2013 | 0.05 |
The correlation between TIPX and SCHD shifts across timeframes, from 0.05 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIPX vs. SCHD — Risk / Return Rank
TIPX
SCHD
TIPX vs. SCHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and Schwab U.S. Dividend Equity ETF (SCHD). 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.
| TIPX | SCHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.40 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 5.35 | -2.67 |
| Martin ratioReturn relative to average drawdown | 8.34 | 12.94 | -4.59 |
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Drawdowns
TIPX vs. SCHD - Drawdown Comparison
The maximum TIPX drawdown since its inception was -10.06%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for TIPX and SCHD.
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Drawdown Indicators
| TIPX | SCHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -33.37% | +23.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -4.61% | +3.32% |
Max Drawdown (3Y)Largest decline over 3 years | -2.45% | -16.13% | +13.68% |
Max Drawdown (5Y)Largest decline over 5 years | -10.06% | -16.85% | +6.79% |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | -33.37% | +23.31% |
Current DrawdownCurrent decline from peak | -1.19% | -2.47% | +1.28% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -3.31% | +1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 1.90% | -1.49% |
Volatility
TIPX vs. SCHD - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) is 1.02%, while Schwab U.S. Dividend Equity ETF (SCHD) has a volatility of 3.58%. This indicates that TIPX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPX | SCHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.02% | 3.58% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 7.73% | -5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.66% | 11.07% | -8.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 14.36% | -9.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 16.71% | -12.34% |
TIPX vs. SCHD - Expense Ratio Comparison
TIPX has a 0.15% expense ratio, which is higher than SCHD's 0.06% 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
TIPX vs. SCHD - Dividend Comparison
TIPX's dividend yield for the trailing twelve months is around 4.58%, more than SCHD's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHD Schwab U.S. Dividend Equity ETF | 3.30% | 3.82% | 3.64% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 4.58% | 3.78% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.53% | 1.90% | 2.84% | 1.04% | 0.06% |
Frequently Asked Questions
TIPX and SCHD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHD has higher volatility (3.58%) compared to TIPX (1.02%). In terms of maximum drawdown, TIPX dropped -10.06% vs SCHD's -33.37%.
On 10-year performance, SCHD leads with 12.72% vs 2.81% for TIPX. On fees, SCHD is cheaper at 0.06% per year. On volatility, TIPX has been the lower-risk option at 1.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHD has performed better with a 12.72% return vs 2.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHD is cheaper with a 0.06% expense ratio, compared with 0.15% for TIPX.
TIPX has the higher dividend yield at 4.58%, compared with 3.30% for SCHD.
TIPX is categorized as Inflation-Protected Bonds, while SCHD is Dividend. TIPX tracks Bloomberg US Govt Inflation-Linked (1-10 Y), while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: State Street and Charles Schwab. Their fees differ too: 0.15% for TIPX and 0.06% for SCHD.
SCHD currently has the higher Sharpe Ratio (2.23 vs 1.30), 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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