Which returned more over the last year, SCHP or SGOV?

In the year to Oct 28, 2026, with distributions reinvested, SCHP returned −0.8% and SGOV +3.7%.

Which is cheaper, SCHP or SGOV?

SCHP is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SCHP vs SGOV: Differences, Returns & Fees

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SCHP's duration was 6.3 years on Jun 30, 2026 and SGOV's 0.1 on Aug 31, 2026; SCHP charges 0.03% to SGOV's 0.09%.

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Net assets: $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF, and $117.0bn on Oct 27, 2026 for iShares 0-3 Month Treasury Bond ETF.

SCHP on its own →SGOV on its own →

At a glance

−0.8%

SCHP total return, 1 year

+3.7%

SGOV total return, 1 year

0.03%

SCHP expense ratio

0.09%

SGOV expense ratio

Pair scorecard

SCHP costs 0.06 points a year less; their one-year returns differ by 4.5 points.

SCHP vs SGOV: Differences, Returns & Fees
Measure	SCHP	SGOV
Return
Measure	SCHP	SGOV
Total return, 1 year	−0.8%	+3.7%
Benchmark
Measure	SCHP	SGOV
What it tracks	US TIPS	ICE 0-3 Month US Treasury Securities Index
Cost and size
Measure	SCHP	SGOV
Expense ratio	0.03%	0.09%
Net assets, SCHP as of Jun 30, 2026 and SGOV as of Oct 27, 2026	$16.5bn	$117.0bn
Holdings
Measure	SCHP	SGOV
Holdings in common	0%

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

Risk and return

Jun 5, 2020 to Oct 23, 2026 · 333 weekly returns

SCHP SGOV

Return

Total return edge SGOV +12.3% +20.8%

Annualized edge SGOV +1.8% +3.0%

Price return edge SGOV −13.1% +0.6%

Risk

Volatility edge SGOV 5.1% 0.3%

Max drawdown edge SGOV −14.0% 0.0%

Risk-adjusted

Sharpe edge SCHP −0.22 −0.46

Sortino edge SCHP −0.30 −0.57

Calmar 0.13 Not measured

Reading

SGOV returned more: +20.8% to +12.3%. SGOV swung less: 0.3% to 5.1%. SGOV fell less at its worst: 0.0% to −14.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SCHP vs SGOV: Differences, Returns & Fees
Measure	SCHP	SGOV	Edge	How it is measured
Return
Total return	+12.3%	+20.8%	SGOV	Price change plus distributions, reinvested.
Annualized	+1.8%	+3.0%	SGOV	Total return as a yearly rate.
Price return	−13.1%	+0.6%	SGOV	Price change alone, distributions left out.
Risk
Volatility	5.1%	0.3%	SGOV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	3.9%	0.2%	SGOV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−14.0%	0.0%	SGOV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.22	−0.46	SCHP	Return above Treasury bills per unit of volatility.
Sortino	−0.30	−0.57	SCHP	Return above Treasury bills per unit of downside deviation.
Calmar	0.13	Not measured		Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 333 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first SCHP SGOV

Only in one fund ↓

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%

Only in SGOV

U.S. Treasury Bills, due Oct 20, 2026 10.18%

U.S. Treasury Bills, due Sep 22, 2026 8.59%

U.S. Treasury Bills, due Oct 13, 2026 8.51%

U.S. Treasury Bills, due Sep 29, 2026 6.82%

U.S. Treasury Bills, due Oct 27, 2026 6.76%

U.S. Treasury Bills, due Sep 1, 2026 6.63%

U.S. Treasury Bills, due Sep 15, 2026 6.04%

U.S. Treasury Bills, due Oct 29, 2026 5.18%

Check overlap with more funds →

Side by side

SCHP Schwab U.S. TIPS ETF SGOV iShares 0-3 Month Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Schwab iShares

What it is Tracks an index of US TIPS Tracks an index of 0-3 month T-bills

Total return, 1 year −0.8% +3.7%

Its benchmark over the same days −1.4% (AGG) not measured

Gap to its benchmark +0.6 pts vs AGG not measured

Expense ratio 0.03% 0.09%

Holdings 48 22

Net assets, SCHP as of Jun 30, 2026 and SGOV as of Oct 27, 2026 $16.5bn $117.0bn

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

Client brief · page 1 of 2 Report BR-A586F4A0E1

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

What each follows. SCHP follows US TIPS and SGOV follows ICE 0-3 Month US Treasury Securities Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026 and Aug 31, 2026).
One-year total return. Over 1 year to Oct 28, 2026 SCHP returned −0.8% and SGOV +3.7% with distributions reinvested, a gap of 4.5 points.

Data as of Oct 28, 2026.

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About each fund

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.

SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.

Questions people ask

Which returned more over the last year, SCHP or SGOV?: In the year to Oct 28, 2026, with distributions reinvested, SCHP returned −0.8% and SGOV +3.7%.
Which is cheaper, SCHP or SGOV?: SCHP is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BIL vs SCHP SCHP vs USFR BOXX vs SCHP SCHP vs VBIL SGOV vs TIP SGOV vs VTIP FBND vs SGOV EDV vs SGOV

Where to next

SCHP on its own →SGOV on its own →Hold both: look the portfolio through →Rankings →SCHP dividend history →SCHP holdings →SGOV dividend history →SGOV holdings →Standards and sources →

Sources and dates

SCHP filings on SEC EDGAR ↗

SCHP prospectus with the expense ratio (SEC) ↗

Schwab website ↗

SGOV filings on SEC EDGAR ↗

SGOV prospectus with the expense ratio (SEC) ↗

iShares page for SGOV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, SCHP against SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/schp-vs-sgov

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.