SCHP vs SPY

Comparison between SCHWAB U.S. TIPS ETF (SCHP, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed SCHP, delivering a return of +13.3% compared to +1.2%

SCHP vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SCHP(ETF)	SPY(ETF)
Net Assets	$16B	$652B
Expense Ratio	0.03%	0.09%
Max Drawdown	22.23%	56.47%
Sharpe Ratio	0.35	2.07
5Y Beta	0.03	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	22.54%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

SCHP

$16B

Winner

SPY

$652B

Expense Ratio

Winner

SCHP

0.03%

SPY

0.09%

Max Drawdown

Winner

SCHP

22.23%

SPY

56.47%

Sharpe Ratio

SCHP

0.35

Winner

SPY

2.07

5Y Beta

Winner

SCHP

0.03

SPY

1.00

P/E Ratio

SCHP

N/A

SPY

28.24

Forward P/E

SCHP

N/A

SPY

21.85

5Y Dividends CAGR

Winner

SCHP

22.54%

SPY

5.43%

5Y EPS CAGR

SCHP

N/A

SPY

25.79%

Debt to Equity

SCHP

N/A

SPY

22.35%

P/S Ratio

SCHP

N/A

SPY

3.55

P/B Ratio

SCHP

N/A

SPY

5.29

SCHP vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	SCHP	SPY
1 month	+0.96%	+9.11%
3 months	+1.06%	+6.59%
6 months	+1.63%	+10.56%
1 year	+5.27%	+32.04%
5 years(CAGR)	+1.24%	+13.35%
10 years(CAGR)	+2.72%	+15.49%
Max(CAGR)	+2.85%	+8.50%

SCHP

+0.96%

Winner

SPY

+9.11%

SCHP

+1.06%

Winner

SPY

+6.59%

SCHP

+1.63%

Winner

SPY

+10.56%

SCHP

+5.27%

Winner

SPY

+32.04%

5Y(CAGR)

SCHP

+1.24%

Winner

SPY

+13.35%

10Y(CAGR)

SCHP

+2.72%

Winner

SPY

+15.49%

Max(CAGR)

SCHP

+2.85%

Winner

SPY

+8.50%

SCHP vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SCHP	SPY
2026	+1.90%	+8.27%
2025	+6.85%	+18.00%
2024	+2.08%	+25.59%
2023	+3.63%	+26.72%
2022	-11.55%	-18.64%
2021	+5.69%	+30.52%
2020	+10.35%	+17.28%
2019	+8.32%	+31.09%
2018	-1.53%	-5.24%
2017	+2.78%	+20.78%
2016	+4.36%	+13.59%
2015	-2.26%	+1.31%
2014	+4.18%	+14.56%
2013	-8.67%	+29.00%
2012	+6.75%	+14.17%
2011	+13.68%	+0.85%
2010	+1.17%	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

SCHP vs SPY Drawdown Comparison

The maximum drawdown for SCHP was -14.25%, occurring on Oct 6, 2023. Recovery took 910 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

Rank	SCHP	SPY
#1	-14.25% Mar 8, 2022 - Oct 22, 2025	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-11.20% Dec 10, 2012 - Mar 20, 2019	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-10.85% Mar 6, 2020 - Jun 10, 2020	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-5.66% Oct 25, 2010 - Apr 19, 2011	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-5.00% Nov 9, 2021 - Mar 8, 2022	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-3.59% Aug 10, 2011 - Nov 7, 2011	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-2.87% Jan 25, 2021 - May 5, 2021	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-2.43% Aug 29, 2019 - Jan 3, 2020	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-2.37% Jul 31, 2012 - Sep 13, 2012	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-1.93% Feb 27, 2026 - May 1, 2026	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.87% Feb 2, 2012 - Apr 17, 2012	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.53% Nov 7, 2011 - Jan 17, 2012	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.45% Oct 27, 2021 - Nov 8, 2021	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.45% Sep 9, 2021 - Oct 25, 2021	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.43% Jun 1, 2012 - Jul 10, 2012	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between SCHP and SPY is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (1999 - 2026)

SCHP vs SPY dividend yield comparison.

Year	SCHP	SPY
2026	0.46%	0.24%
2025	4.06%	1.07%
2024	2.99%	1.21%
2023	3.02%	1.40%
2022	7.19%	1.65%
2021	4.39%	1.20%
2020	1.11%	1.52%
2019	2.02%	1.75%
2018	2.26%	2.04%
2017	1.90%	1.80%
2016	1.38%	2.03%
2015	0.28%	2.06%
2014	1.30%	1.87%
2013	0.67%	1.81%
2012	1.59%	2.18%
2011	2.81%	2.05%
2010	0.39%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%