Data as of Oct 28, 2026.

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IEI vs SCHP: Differences, Returns & Fees

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IEI's duration was 4.3 years on Aug 31, 2026 and SCHP's 6.3 on Jun 30, 2026; SCHP charges 0.03% to IEI's 0.15%.

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Net assets: $17.0bn on Oct 27, 2026 for iShares 3-7 Year Treasury Bond ETF, and $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF.

At a glance
−1.1%
IEI total return, 1 year
−0.8%
SCHP total return, 1 year
0.15%
IEI expense ratio
0.03%
SCHP expense ratio

Pair scorecard

SCHP costs 0.12 points a year less; their one-year returns differ by 0.3 points.

IEI vs SCHP: Differences, Returns & Fees
MeasureIEISCHP
Return
Total return, 1 year−1.1%−0.8%
Benchmark
What it tracksICE U.S. Treasury 3-7 Year Bond IndexUS TIPS
Cost and size
Expense ratio0.15%0.03%
Net assets, IEI as of Oct 27, 2026 and SCHP as of Jun 30, 2026$17.0bn$16.5bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

Risk and return

Aug 13, 2010 to Oct 23, 2026 · 845 weekly returns
IEI SCHP
Return
Total return edge SCHP +30.2% +52.2%
Annualized edge SCHP +1.6% +2.6%
Price return edge SCHP −2.2% +1.8%
Risk
Volatility edge IEI 3.6% 5.5%
Max drawdown edge Tie −14.1% −14.0%
Risk-adjusted
Sharpe edge SCHP 0.03 0.21
Sortino edge SCHP 0.04 0.29
Calmar edge SCHP 0.12 0.19
Reading

SCHP returned more: +52.2% to +30.2%. IEI swung less: 3.6% to 5.5%. IEI and SCHP fell about the same at their worst: −14.1% and −14.0%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IEI vs SCHP: Differences, Returns & Fees
MeasureIEISCHPEdgeHow it is measured
Return
Total return+30.2%+52.2%SCHPPrice change plus distributions, reinvested.
Annualized+1.6%+2.6%SCHPTotal return as a yearly rate.
Price return−2.2%+1.8%SCHPPrice change alone, distributions left out.
Risk
Volatility3.6%5.5%IEISpread of weekly returns, annualized. Lower is steadier.
Downside deviation2.6%4.0%IEILike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−14.1%−14.0%TieDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.030.21SCHPReturn above Treasury bills per unit of volatility.
Sortino0.040.29SCHPReturn above Treasury bills per unit of downside deviation.
Calmar0.120.19SCHPAnnualized return divided by the max drawdown.

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

0%

By the books each fund has filed, IEI and SCHP hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IEI SCHP
Only in one fund ↓
Only in IEI
U.S. Treasury Notes, due Nov 30, 2030 2.90%
U.S. Treasury Notes, due Feb 15, 2032 2.30%
U.S. Treasury Notes, due Feb 28, 2030 2.29%
U.S. Treasury Notes, due Nov 15, 2031 2.26%
U.S. Treasury Notes, due Aug 31, 2030 2.24%
U.S. Treasury Notes, due May 15, 2033 2.17%
U.S. Treasury Notes, due Aug 15, 2031 2.11%
U.S. Treasury Notes, due Feb 15, 2033 2.10%
Only in SCHP
U.S. Treasury Inflation-Indexed Notes, due Jul 15, 2035 4.07%
U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2035 4.01%
U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2036 4.00%
U.S. Treasury Inflation-Indexed Notes, due Jul 15, 2034 3.77%
U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2034 3.60%
U.S. Treasury Inflation-Indexed Notes, due Oct 15, 2030 3.40%
U.S. Treasury Inflation-Indexed Notes, due Apr 15, 2030 3.38%
U.S. Treasury Inflation-Indexed Notes, due Jan 15, 2033 3.36%
Check overlap with more funds →

Side by side

IEI iShares 3-7 Year Treasury Bond ETF SCHP Schwab U.S. TIPS ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of 3-7 Year Treasury Bond Tracks an index of US TIPS
Total return, 1 year −1.1% −0.8%
Its benchmark over the same days not measured −1.4% (AGG)
Gap to its benchmark not measured +0.6 pts vs AGG
Expense ratio 0.15% 0.03%
Holdings 82 48
Net assets, IEI as of Oct 27, 2026 and SCHP as of Jun 30, 2026 $17.0bn $16.5bn

IEI and SCHP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-15C3A10D9A

IEI and SCHP do different jobs. What does each one do in a portfolio?

  1. What each follows. IEI follows ICE U.S. Treasury 3-7 Year Bond Index and SCHP follows US TIPS.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jun 30, 2026).
  3. Cost. IEI charges 0.15% of assets a year and SCHP 0.03%, a gap of 0.12 points.

Data as of Oct 28, 2026.

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About each fund
IEI

IEI tracks an index of 3-7 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −1.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

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. The prospectus expense ratio is 0.03% a year.

Questions people ask

Which returned more over the last year, IEI or SCHP?
In the year to Oct 28, 2026, with distributions reinvested, IEI returned −1.1% and SCHP −0.8%.
Which is cheaper, IEI or SCHP?
SCHP is cheaper, by 0.12 percentage points a year. That is about $12 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, IEI against SCHP, data as of Oct 28, 2026. https://etfiq.com/compare/any/iei-vs-schp

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