Data as of Oct 28, 2026.
BND vs SCHP: Differences, Returns & Fees
On Jun 30, 2026 BND's duration was 5.7 years and SCHP's 6.3; both charge 0.03%.
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Net assets: $161.4bn on Sep 30, 2026 for Vanguard Total Bond Market ETF, and $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF.
Pair scorecard
Both cost 0.03% a year; their one-year returns differ by 0.5 points.
Points (pts) are percentage points.
| Measure | BND | SCHP |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.3% | −0.8% |
| Drawdown | ||
| Below its high | 3.5%, high on Aug 6, 2020 | |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Aggregate Float Adjusted Index | US TIPS |
| Cost and size | ||
| Expense ratio | 0.03% | 0.03% |
| Net assets, BND as of Sep 30, 2026 and SCHP as of Jun 30, 2026 | $161.4bn | $16.5bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026. Method
Risk and return
Aug 13, 2010 to Oct 23, 2026 · 845 weekly returns · each against AGGSCHP returned more: +52.2% to +39.8%. BND swung less: 4.6% to 5.5%. SCHP fell less at its worst: −14.0% to −18.4%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BND | SCHP | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +39.8% | +52.2% | SCHP | Price change plus distributions, reinvested. | |
| Annualized | +2.1% | +2.6% | SCHP | Total return as a yearly rate. | |
| Price return | −13.4% | +1.8% | SCHP | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 4.6% | 5.5% | BND | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 3.3% | 4.0% | BND | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −18.4% | −14.0% | SCHP | Deepest fall from a high to the low after it. | |
| Upside capture | 100.1% | 100.6% | 100.0% | Tie | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 100.0% | 95.5% | 100.0% | SCHP (slight) | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.99 | 0.93 | 1.00 | SCHP lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.99 | 0.61 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.13 | 0.21 | SCHP | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.18 | 0.29 | SCHP | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.006 | 0.012 | 0.006 | SCHP | Return above Treasury bills per unit of beta. |
| Calmar | 0.11 | 0.19 | SCHP | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | +0.6% a year | 0.0% | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.15 | 0.73 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | −0.2% to +0.3% | −1.0% to +2.3% | Both include zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.03 | 0.17 | SCHP | Return against its benchmark per unit of tracking error. | |
| Tracking error | 0.6% | 3.4% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 845 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BND and SCHP hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
BND and SCHP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BND and SCHP do different jobs. What does each one do in a portfolio?
- What each follows. BND follows Bloomberg U.S. Aggregate Float Adjusted Index and SCHP follows US TIPS.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026).
- Number of holdings. BND holds 16,301 positions and SCHP holds 48.
Data as of Oct 28, 2026.
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BND
BND tracks an index of US aggregate bonds. Over the year to Oct 28, 2026 it returned −1.3% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Float Adjusted Index, measured by the closely related Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.03% a year. It sat 3.5% below its high of Aug 6, 2020 on Oct 28, 2026.
SCHP
SCHP tracks an index of US TIPS. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg US Aggregate Bond Index.
Questions people ask
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BND against SCHP, data as of Oct 28, 2026. https://etfiq.com/compare/any/bnd-vs-schp
ETFIQ. (Oct 28, 2026). BND against SCHP. Retrieved from https://etfiq.com/compare/any/bnd-vs-schp
[BND against SCHP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bnd-vs-schp)
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