VGIT vs. SCHP
VGIT (Vanguard Intermediate-Term Treasury ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year 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 10 years, VGIT returned 1.16%/yr vs 2.53%/yr for SCHP. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.03% expense ratio.
Performance
VGIT vs. SCHP - Performance Comparison
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Returns By Period
In the year-to-date period, VGIT achieves a -0.78% return, which is significantly lower than SCHP's 0.96% return. Over the past 10 years, VGIT has underperformed SCHP with an annualized return of 1.16%, while SCHP has yielded a comparatively higher 2.53% annualized return.
VGIT
- 1D
- -0.05%
- 1M
- -0.87%
- YTD
- -0.78%
- 6M
- -0.42%
- 1Y
- 3.55%
- 3Y*
- 3.40%
- 5Y*
- -0.07%
- 10Y*
- 1.16%
SCHP
- 1D
- -0.19%
- 1M
- -0.89%
- YTD
- 0.96%
- 6M
- 0.95%
- 1Y
- 4.80%
- 3Y*
- 3.84%
- 5Y*
- 1.02%
- 10Y*
- 2.53%
VGIT vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGIT Vanguard Intermediate-Term Treasury ETF | -0.78% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | 7.71% | 6.19% | 1.35% | 1.70% |
SCHP Schwab U.S. TIPS ETF | 0.96% | 6.76% | 1.95% | 3.91% | -12.02% | 5.87% | 10.86% | 8.52% | -1.78% | 3.02% |
Correlation
The correlation between VGIT and SCHP is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2010 | 0.76 |
The correlation between VGIT and SCHP shifts across timeframes, from 0.76 (all time) to 0.88 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VGIT vs. SCHP — Risk / Return Rank
VGIT
SCHP
VGIT vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury ETF (VGIT) 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.
| VGIT | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.26 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.50 | -1.24 |
| Martin ratioReturn relative to average drawdown | 3.66 | 7.59 | -3.93 |
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
| VGIT | SCHP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 1.47 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.17 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.45 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.50 | -0.01 |
Drawdowns
VGIT vs. SCHP - Drawdown Comparison
The maximum VGIT drawdown since its inception was -16.05%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for VGIT and SCHP.
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Drawdown Indicators
| VGIT | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.05% | -14.26% | -1.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -1.93% | -0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | -4.48% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -14.26% | -0.76% |
Max Drawdown (10Y)Largest decline over 10 years | -16.05% | -14.26% | -1.79% |
Current DrawdownCurrent decline from peak | -2.71% | -0.89% | -1.82% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -3.93% | +0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 0.63% | +0.34% |
Volatility
VGIT vs. SCHP - Volatility Comparison
Vanguard Intermediate-Term Treasury ETF (VGIT) has a higher volatility of 1.05% compared to Schwab U.S. TIPS ETF (SCHP) at 1.00%. This indicates that VGIT'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
| VGIT | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.00% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.36% | 2.24% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.32% | 3.29% | +0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 6.12% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 5.59% | -1.09% |
VGIT vs. SCHP - Expense Ratio Comparison
Both VGIT and SCHP have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VGIT vs. SCHP - Dividend Comparison
VGIT's dividend yield for the trailing twelve months is around 3.88%, less than SCHP's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 4.01% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.88% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
VGIT and SCHP have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGIT has higher volatility (1.05%) compared to SCHP (1.00%). In terms of maximum drawdown, VGIT dropped -16.05% vs SCHP's -14.26%.
On 10-year performance, SCHP leads with 2.53% vs 1.16% for VGIT. Both ETFs have the same 0.03% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHP has performed better with a 2.53% return vs 1.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGIT and SCHP have the same expense ratio: 0.03% per year.
SCHP has the higher dividend yield at 4.01%, compared with 3.88% for VGIT.
VGIT is categorized as Government Bonds, while SCHP is Inflation-Protected Bonds. VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index, while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). They also come from different issuers: Vanguard and Charles Schwab.
SCHP currently has the higher Sharpe Ratio (1.47 vs 1.08), 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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