Data as of Oct 28, 2026.
SCHP vs SPHD: Differences, Returns & Fees
Over the year to Oct 28, 2026, SCHP returned −0.8% to SPHD's +11.0%; 0% of their weight is in the same names.
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Net assets: $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF, and $3.3bn on Oct 27, 2026 for Invesco S&P 500 High Dividend Low Volatility ETF.
Pair scorecard
SCHP costs 0.27 points a year less; their one-year returns differ by 11.8 points.
| Measure | SCHP | SPHD |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.8% | +11.0% |
| Drawdown | ||
| Below its high | 4.2%, high on Aug 24, 2026 | |
| Benchmark | ||
| What it tracks | US TIPS | S&P 500 Low Volatility High Dividend Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.30% |
| Net assets, SCHP as of Jun 30, 2026 and SPHD as of Oct 27, 2026 | $16.5bn | $3.3bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 95% | |
| Top ten holdings, share of the fund | 28.2% | |
Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method
Risk and return
Nov 2, 2012 to Oct 23, 2026 · 729 weekly returnsSPHD returned more: +266.3% to +25.4%. SCHP swung less: 5.5% to 16.1%. SCHP fell less at its worst: −14.0% to −38.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SCHP | SPHD | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +25.4% | +266.3% | SPHD | Price change plus distributions, reinvested. |
| Annualized | +1.6% | +9.7% | SPHD | Total return as a yearly rate. |
| Price return | −12.3% | +107.7% | SPHD | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.5% | 16.1% | SCHP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.2% | 11.3% | SCHP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.0% | −38.2% | SCHP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.01 | 0.54 | SPHD | Return above Treasury bills per unit of volatility. |
| Sortino | −0.01 | 0.77 | SPHD | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.12 | 0.25 | SPHD | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 729 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHP and SPHD hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
SCHP and SPHD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: the two funds' holdings are dated 119 days apart.
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.
SPHD
SPHD tracks the S&P 500 High Dividend Low Volatility. Over the year to Oct 28, 2026 it returned +11.0% with distributions reinvested. The prospectus expense ratio is 0.30% a year. By its holdings published by its issuer for Oct 27, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 59 positions, with the top ten at 28.2%. It sat 4.2% below its high of Aug 24, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, SCHP or SPHD?
- In the year to Oct 28, 2026, with distributions reinvested, SCHP returned −0.8% and SPHD +11.0%.
- Which is cheaper, SCHP or SPHD?
- SCHP is cheaper, by 0.27 percentage points a year. That is about $27 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, SCHP against SPHD, data as of Oct 28, 2026. https://etfiq.com/compare/any/schp-vs-sphd
ETFIQ. (Oct 28, 2026). SCHP against SPHD. Retrieved from https://etfiq.com/compare/any/schp-vs-sphd
[SCHP against SPHD (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/schp-vs-sphd)
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