VIPSX vs. SCHP
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and Schwab U.S. TIPS ETF (SCHP).
VIPSX is managed by Vanguard. It was launched on Jun 29, 2000. SCHP is a passively managed fund by Charles Schwab that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Aug 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIPSX or SCHP.
Performance
VIPSX vs. SCHP - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VIPSX having a 2.65% return and SCHP slightly higher at 2.74%. Over the past 10 years, VIPSX has underperformed SCHP with an annualized return of 1.90%, while SCHP has yielded a comparatively higher 2.18% annualized return.
VIPSX
2.65%
-1.26%
2.53%
5.62%
1.92%
1.90%
SCHP
2.74%
-1.17%
2.65%
5.74%
2.06%
2.18%
Key characteristics
| VIPSX | SCHP | |
|---|---|---|
| Sharpe Ratio | 1.21 | 1.23 |
| Sortino Ratio | 1.81 | 1.82 |
| Omega Ratio | 1.22 | 1.22 |
| Calmar Ratio | 0.48 | 0.50 |
| Martin Ratio | 5.05 | 5.30 |
| Ulcer Index | 1.19% | 1.14% |
| Daily Std Dev | 4.93% | 4.92% |
| Max Drawdown | -15.13% | -14.26% |
| Current Drawdown | -6.95% | -6.59% |
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VIPSX vs. SCHP - Expense Ratio Comparison
VIPSX has a 0.20% expense ratio, which is higher than SCHP's 0.05% 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%.
Correlation
The correlation between VIPSX and SCHP is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
VIPSX vs. SCHP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) 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.
Dividends
VIPSX vs. SCHP - Dividend Comparison
VIPSX's dividend yield for the trailing twelve months is around 4.22%, more than SCHP's 2.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 4.22% | 4.20% | 8.34% | 5.02% | 1.29% | 2.22% | 3.03% | 2.32% | 2.05% | 0.76% | 2.13% | 1.66% |
SCHP Schwab U.S. TIPS ETF | 2.83% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.63% | 1.90% | 1.38% | 0.28% | 1.30% | 0.67% |
Drawdowns
VIPSX vs. SCHP - Drawdown Comparison
The maximum VIPSX drawdown since its inception was -15.13%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for VIPSX and SCHP. For additional features, visit the drawdowns tool.
Volatility
VIPSX vs. SCHP - Volatility Comparison
Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) has a higher volatility of 1.24% compared to Schwab U.S. TIPS ETF (SCHP) at 1.09%. This indicates that VIPSX'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.