GTIP vs SCHD
Goldman Sachs Access Inflation Protected USD Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | GTIP | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.06% | |
| AUM | $293M | $103.7B | |
| Dividend Yield | 4.69% | 3.31% | |
| Holdings | 40 | 104 | |
| YTD Return | -3.19% | +25.58% | |
| 1Y Return | -2.29% | +31.06% | |
| 3Y Return (annualized) | +2.63% | +15.55% | |
| 5Y Return (annualized) | -0.37% | +9.61% | |
| Volatility (annualized) | 5.5% | 13.6% | |
| Max Drawdown | -14.3% | -33.4% | |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Oct 2, 2018 | Oct 20, 2011 |
GTIP vs SCHD Performance
Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) is a ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GTIP returned -2.29% while SCHD returned +31.06%. Year to date, GTIP is down 3.19% versus a gain of 25.58% for SCHD.
Over three years, GTIP compounded at +2.63% per year against +15.55% for SCHD; over five years the annualized figures are -0.37% and +9.61% respectively. Across the full 8-year window we track, SCHD has the edge at +11.46% annualized vs +2.61%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 5.5% for GTIP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.3% for GTIP and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GTIP charges 0.12% per year while SCHD charges 0.06%. On a $10,000 position that is $12 vs $6 annually, a gap of $6 per year that compounds over a long holding period. On income, GTIP currently yields 4.69% against 3.31% for SCHD.
Holdings Overlap
GTIP and SCHD share 0 holdings out of 136 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GTIP or SCHD?
GTIP has an expense ratio of 0.12% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $6 per year of difference.
Which performed better, GTIP or SCHD?
Over the past year GTIP returned -2.29% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (8 years), GTIP annualized +2.61% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, GTIP or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 5.5% for GTIP. Worst drawdown: GTIP -14.3% vs SCHD -33.4%.
Should I hold both GTIP and SCHD?
GTIP and SCHD have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GTIP and SCHD?
GTIP and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 136 unique securities.
Which pays a higher dividend, GTIP or SCHD?
GTIP yields 4.69% while SCHD yields 3.31%, so GTIP currently pays the higher dividend yield.
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