SCHD vs TIPX
SCHD vs TIPX
Schwab US Dividend Equity ETF vs State Street SPDR Bloomberg 1-10 Year TIPS 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 | SCHD | TIPX | Winner |
|---|---|---|---|
| Expense Ratio | 0.06% | 0.15% | |
| AUM | $103.7B | $2.0B | |
| Dividend Yield | 3.31% | 4.56% | |
| Holdings | 104 | 34 | |
| YTD Return | +24.26% | +0.58% | |
| 1Y Return | +31.38% | +1.71% | |
| 3Y Return (annualized) | +15.08% | +4.35% | |
| 5Y Return (annualized) | +9.72% | +1.71% | |
| Volatility (annualized) | 13.6% | 3.9% | |
| Max Drawdown | -33.4% | -10.1% | |
| Fund Family | Charles Schwab Asset Management | State Street Investment Management | |
| Category | Equity | Fixed Income | |
| Inception | Oct 20, 2011 | May 29, 2013 |
SCHD vs TIPX Performance
Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management and State Street SPDR Bloomberg 1-10 Year TIPS ETF (TIPX) is a ETF from State Street Investment Management. Over the past year SCHD returned +31.38% while TIPX returned +1.71%. Year to date, SCHD is up 24.26% versus a gain of 0.58% for TIPX.
Over three years, SCHD compounded at +15.08% per year against +4.35% for TIPX; over five years the annualized figures are +9.72% and +1.71% respectively. Across the full 13-year window we track, SCHD has the edge at +11.39% annualized vs +1.27%. 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 3.9% for TIPX. 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 -33.4% for SCHD and -10.1% for TIPX. 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 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SCHD charges 0.06% per year while TIPX charges 0.15%. On a $10,000 position that is $6 vs $15 annually, a gap of $9 per year that compounds over a long holding period. On income, SCHD currently yields 3.31% against 4.56% for TIPX.
Holdings Overlap
SCHD and TIPX share 0 holdings out of 129 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, SCHD or TIPX?
SCHD has an expense ratio of 0.06% while TIPX charges 0.15%. SCHD is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, SCHD or TIPX?
Over the past year SCHD returned +31.38% vs +1.71% for TIPX, so SCHD leads on 1-year performance. Over the longest common window we track (13 years), SCHD annualized +11.39% vs +1.27% for TIPX. Past performance does not guarantee future results.
Which is riskier, SCHD or TIPX?
SCHD has been the more volatile fund at 13.6% annualized versus 3.9% for TIPX. Worst drawdown: SCHD -33.4% vs TIPX -10.1%.
Should I hold both SCHD and TIPX?
SCHD and TIPX have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SCHD and TIPX?
SCHD and TIPX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 129 unique securities.
Which pays a higher dividend, SCHD or TIPX?
SCHD yields 3.31% while TIPX yields 4.56%, so TIPX currently pays the higher dividend yield.
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