PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
VIOV vs. SCHP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIOV vs. SCHP

Last updated Jun 13, 2026

VIOV (Vanguard S&P Small-Cap 600 Value ETF) and SCHP (Schwab U.S. TIPS ETF) are both exchange-traded funds - VIOV is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Value 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, VIOV returned 10.71%/yr vs 2.60%/yr for SCHP. At a correlation of -0.06, they often move in opposite directions. VIOV charges 0.10%/yr vs 0.03%/yr for SCHP.

Performance

VIOV vs. SCHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard S&P Small-Cap 600 Value ETF (VIOV) and Schwab U.S. TIPS ETF (SCHP). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, VIOV achieves a 19.42% return, which is significantly higher than SCHP's 1.42% return. Over the past 10 years, VIOV has outperformed SCHP with an annualized return of 10.71%, while SCHP has yielded a comparatively lower 2.60% annualized return.

VIOV

1D
1.10%
1M
6.91%
YTD
19.42%
6M
16.55%
1Y
39.00%
3Y*
14.48%
5Y*
6.35%
10Y*
10.71%

SCHP

1D
0.04%
1M
-0.18%
YTD
1.42%
6M
1.48%
1Y
4.71%
3Y*
4.14%
5Y*
1.06%
10Y*
2.60%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIOV vs. SCHP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIOV
Vanguard S&P Small-Cap 600 Value ETF		19.42%6.63%7.44%15.36%-11.37%30.67%2.81%24.44%-12.85%11.54%
SCHP
Schwab U.S. TIPS ETF		1.42%6.76%1.95%3.91%-12.02%5.87%10.86%8.52%-1.78%3.02%

Correlation

The correlation between VIOV and SCHP is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.23

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (5Y)
Calculated over the trailing 5-year period

0.17

Correlation (10Y)
Calculated over the trailing 10-year period

0.02

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2010

-0.06

The correlation between VIOV and SCHP shifts across timeframes, from -0.06 (all time) to 0.23 (3 years), reflecting how their relationship changes across market environments.

VIOV vs. SCHP - Sectors Allocation Comparison

Sectors
VIOV
SCHP

Financial Services

19.8%
0.0%

Consumer Cyclical

15.4%
100.0%

Industrials

12.7%

-

Technology

10.6%

-

Energy

9.1%

-

Real Estate

8.8%

-

Healthcare

7.5%

-

Basic Materials

6.3%

-

Consumer Defensive

3.8%

-

Communication Services

3.4%

-

Utilities

1.9%

-

Financial Services

VIOV
19.8%
SCHP
0.0%

Consumer Cyclical

VIOV
15.4%
SCHP
100.0%

Industrials

VIOV
12.7%
SCHP

-

Technology

VIOV
10.6%
SCHP

-

Energy

VIOV
9.1%
SCHP

-

Real Estate

VIOV
8.8%
SCHP

-

Healthcare

VIOV
7.5%
SCHP

-

Basic Materials

VIOV
6.3%
SCHP

-

Consumer Defensive

VIOV
3.8%
SCHP

-

Communication Services

VIOV
3.4%
SCHP

-

Utilities

VIOV
1.9%
SCHP

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard S&P Small-Cap 600 Value ETF

Schwab U.S. TIPS ETF

Often compared with VIOV:
VIOV vs. AVUVVIOV vs. VBRVIOV vs. VIOOVIOV vs. VIOGVIOV vs. IJSVIOV vs. VSIAXVIOV vs. SLYV
Often compared with SCHP:
SCHP vs. VTIPSCHP vs. TIPSCHP vs. SCHZSCHP vs. FIPDXSCHP vs. STIPSCHP vs. SCHDSCHP vs. BND

Return for Risk

VIOV vs. SCHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIOV
VIOV Risk / Return Rank: 7979
Overall Rank
VIOV Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
VIOV Sortino Ratio Rank: 7979
Sortino Ratio Rank
VIOV Omega Ratio Rank: 7171
Omega Ratio Rank
VIOV Calmar Ratio Rank: 8686
Calmar Ratio Rank
VIOV Martin Ratio Rank: 8181
Martin Ratio Rank
SCHP
SCHP Risk / Return Rank: 5050
Overall Rank
SCHP Sharpe Ratio Rank: 4747
Sharpe Ratio Rank
SCHP Sortino Ratio Rank: 5151
Sortino Ratio Rank
SCHP Omega Ratio Rank: 4545
Omega Ratio Rank
SCHP Calmar Ratio Rank: 5656
Calmar Ratio Rank
SCHP Martin Ratio Rank: 5050
Martin Ratio Rank
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.

VIOV vs. SCHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Value ETF (VIOV) 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.

VIOVSCHPDifference
Sharpe ratioReturn per unit of total volatility
2.12
1.44

+0.68

Sortino ratioReturn per unit of downside risk
3.02
2.19

+0.83

Omega ratioGain probability vs. loss probability

1.36

1.25

+0.11

Calmar ratioReturn relative to maximum drawdown

4.20

2.45

+1.75

Martin ratioReturn relative to average drawdown

13.80

7.41

+6.39

VIOV vs. SCHP - Sharpe Ratio Comparison

The current VIOV Sharpe Ratio is 2.12, which is higher than the SCHP Sharpe Ratio of 1.44. The chart below compares the historical Sharpe Ratios of VIOV and SCHP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

VIOV vs. SCHP - Drawdown Comparison

The maximum VIOV drawdown since its inception was -47.36%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for VIOV and SCHP.

Loading charts...

Drawdown Indicators

VIOVSCHPDifference

Max Drawdown

Largest peak-to-trough decline

-47.36%

-14.26%

-33.10%

Max Drawdown (1Y)

Largest decline over 1 year

-9.33%

-1.93%

-7.40%

Max Drawdown (3Y)

Largest decline over 3 years

-28.44%

-4.48%

-23.96%

Max Drawdown (5Y)

Largest decline over 5 years

-28.44%

-14.26%

-14.18%

Max Drawdown (10Y)

Largest decline over 10 years

-47.36%

-14.26%

-33.10%

Current Drawdown

Current decline from peak

0.00%

-0.44%

+0.44%

Average Drawdown

Average peak-to-trough decline

-7.37%

-3.93%

-3.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.84%

0.64%

+2.20%

Volatility

VIOV vs. SCHP - Volatility Comparison

Vanguard S&P Small-Cap 600 Value ETF (VIOV) has a higher volatility of 4.88% compared to Schwab U.S. TIPS ETF (SCHP) at 1.02%. This indicates that VIOV'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.

Loading charts...

Volatility by Period

VIOVSCHPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.88%

1.02%

+3.86%

Volatility (6M)

Calculated over the trailing 6-month period

11.69%

2.24%

+9.45%

Volatility (1Y)

Calculated over the trailing 1-year period

18.47%

3.30%

+15.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.96%

6.12%

+15.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.89%

5.59%

+18.30%

VIOV vs. SCHP - Expense Ratio Comparison

VIOV 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

VIOV vs. SCHP - Dividend Comparison

VIOV's dividend yield for the trailing twelve months is around 1.54%, less than SCHP's 3.99% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VIOV
Vanguard S&P Small-Cap 600 Value ETF		1.54%1.69%1.78%2.18%1.81%1.59%1.42%1.60%1.76%1.43%1.17%1.32%

Frequently Asked Questions

VIOV and SCHP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VIOV has higher volatility (4.88%) compared to SCHP (1.02%). In terms of maximum drawdown, VIOV dropped -47.36% vs SCHP's -14.26%.

On 10-year performance, VIOV leads with 10.71% vs 2.60% for SCHP. On fees, SCHP is cheaper at 0.03% per year. On volatility, SCHP 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, VIOV has performed better with a 10.71% return vs 2.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

SCHP has the higher dividend yield at 3.99%, compared with 1.54% for VIOV.

VIOV is categorized as Small Cap Value Equities, while SCHP is Inflation-Protected Bonds. VIOV tracks S&P SmallCap 600 Value Index, while SCHP tracks Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). They also come from different issuers: Vanguard and Charles Schwab. Their fees differ too: 0.10% for VIOV and 0.03% for SCHP.

VIOV currently has the higher Sharpe Ratio (2.12 vs 1.44), 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.

Portfolio Optimizer

Find the right allocation for VIOV and SCHP

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer