VTP vs. SCHP
VTP (Vanguard Total Inflation-Protected Securities ETF) and SCHP (Schwab U.S. TIPS ETF) are both Inflation-Protected Bonds funds - VTP tracks the ICE U.S. Treasury Inflation Linked Bond Index while SCHP tracks the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). Both are passively managed. Over the past year, VTP returned 1.93% vs 1.92% for SCHP. Their 0.96 correlation means they have historically moved very closely together. VTP charges 0.05%/yr vs 0.03%/yr for SCHP.
Performance
VTP vs. SCHP - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VTP at 0.56% and SCHP at 0.56%.
VTP
- 1D
- 0.07%
- 1M
- -0.86%
- 6M
- 0.33%
- YTD
- 0.56%
- 1Y
- 1.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.84%
SCHP
- 1D
- 0.02%
- 1M
- -0.74%
- 6M
- 0.26%
- YTD
- 0.56%
- 1Y
- 1.92%
- 3Y*
- 3.81%
- 5Y*
- 0.32%
- 10Y*
- 2.41%
- ALL TIME*
- 2.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $106.22M | $100.23M | $107.98M | |
| $4.14M | $3.47M | $2.46M |
VTP vs. SCHP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTP Vanguard Total Inflation-Protected Securities ETF | 0.56% | 2.46% |
SCHP Schwab U.S. TIPS ETF | 0.56% | 2.45% |
Correlation
The correlation between VTP and SCHP is 0.95 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.96 |
The correlation between VTP and SCHP has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
VTP vs. SCHP — Risk / Return Rank
VTP
SCHP
VTP vs. SCHP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) 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.
| VTP | SCHP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.10 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.00 | +0.01 |
| Martin ratioReturn relative to average drawdown | 2.66 | 2.69 | -0.03 |
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Drawdowns
VTP vs. SCHP - Drawdown Comparison
The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum SCHP drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for VTP and SCHP.
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Drawdown Indicators
| VTP | SCHP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.92% | -14.26% | +12.34% |
Max Drawdown (1Y)Largest decline over 1 year | -1.92% | -1.93% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.70% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.26% | — |
Current DrawdownCurrent decline from peak | -1.28% | -1.28% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -3.90% | +3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.72% | +0.01% |
Volatility
VTP vs. SCHP - Volatility Comparison
Vanguard Total Inflation-Protected Securities ETF (VTP) and Schwab U.S. TIPS ETF (SCHP) have volatilities of 0.64% and 0.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTP | SCHP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.67% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.45% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 3.21% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 6.11% | -2.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 5.58% | -2.28% |
VTP vs. SCHP - Expense Ratio Comparison
VTP has a 0.05% 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
VTP vs. SCHP - Dividend Comparison
VTP's dividend yield for the trailing twelve months is around 2.99%, less than SCHP's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHP Schwab U.S. TIPS ETF | 5.04% | 4.06% | 2.99% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.26% | 1.90% | 1.38% | 0.28% |
VTP Vanguard Total Inflation-Protected Securities ETF | 2.99% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, VTP 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.
SCHP has higher volatility (0.67%) compared to VTP (0.64%). In terms of maximum drawdown, VTP dropped -1.92% vs SCHP's -14.26%.
On 1-year performance, VTP leads with 1.93% vs 1.92% for SCHP. On fees, SCHP is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VTP has performed better with a 1.93% return vs 1.92%. 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 0.05% for VTP.
SCHP has the higher dividend yield at 5.04%, compared with 2.99% for VTP.
VTP tracks ICE U.S. Treasury Inflation Linked Bond 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: 0.05% for VTP and 0.03% for SCHP.
VTP currently has the higher Sharpe Ratio (0.60 vs 0.60), 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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