Data as of Oct 28, 2026.
SCHP vs TIP: Differences, Returns & Fees
SCHP's duration was 6.3 years on Jun 30, 2026 and TIP's 6.3 on Jul 31, 2026; SCHP charges 0.03% to TIP's 0.18%.
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Net assets: $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF, and $14.6bn on Oct 27, 2026 for iShares TIPS Bond ETF.
Pair scorecard
SCHP costs 0.15 points a year less; their one-year returns differ by 0.2 points.
| Measure | SCHP | TIP |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.8% | −1.0% |
| Benchmark | ||
| What it tracks | US TIPS | ICE U.S. Treasury Inflation Linked Bond Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.18% |
| Net assets, SCHP as of Jun 30, 2026 and TIP as of Oct 27, 2026 | $16.5bn | $14.6bn |
| Holdings | ||
| Holdings in common | 98% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Aug 13, 2010 to Oct 23, 2026 · 845 weekly returnsEach against its own benchmark: SCHP against AGG, Aug 13, 2010 to Oct 23, 2026; TIP against VTP, Jul 18, 2025 to Oct 23, 2026.
SCHP returned slightly more: +52.2% to +51.1%. SCHP and TIP swung about the same: 5.5% and 5.5%. SCHP and TIP fell about the same at their worst: −14.0% and −14.2%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | SCHP | TIP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +52.2% | +51.1% | SCHP (slight) | Price change plus distributions, reinvested. |
| Annualized | +2.6% | +2.6% | Tie | Total return as a yearly rate. |
| Price return | +1.8% | −0.9% | SCHP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.5% | 5.5% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.0% | 4.0% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.0% | −14.2% | Tie | Deepest fall from a high to the low after it. |
| Upside capture | 100.6% | 99.7% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 95.5% | 101.8% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.93 | 0.99 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.61 | 0.98 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 0.21 | 0.20 | SCHP (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.29 | 0.28 | SCHP (slight) | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.012 | −0.023 | Return above Treasury bills per unit of beta. | |
| Calmar | 0.19 | 0.18 | SCHP (slight) | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | AGG | VTP | The ETF each fund is measured against. | |
| Alpha | +0.6% a year | −0.2% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.73 | −0.56 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −1.0% to +2.3% | −1.0% to +0.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.17 | −0.45 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 3.4% | 0.4% | 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, SCHP and TIP hold 98% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
98% in common
Only in one fund ↓
Side by side
SCHP and TIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHP and TIP are built for the same job. How do they differ in cost, holdings and results?
- What each follows. SCHP follows US TIPS and TIP follows ICE U.S. Treasury Inflation Linked Bond Index.
- Cost. SCHP charges 0.03% of assets a year and TIP 0.18%, a gap of 0.15 points.
- Holdings in common (similar). 98% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
Data as of Oct 28, 2026.
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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.
TIP
TIP tracks an index of TIPS Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −0.8% for its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index. The prospectus expense ratio is 0.18% a year.
Questions people ask
- Which returned more over the last year, SCHP or TIP?
- In the year to Oct 28, 2026, with distributions reinvested, SCHP returned −0.8% and TIP −1.0%.
- Which is cheaper, SCHP or TIP?
- SCHP is cheaper, by 0.15 percentage points a year. That is about $15 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.
Cite this pageCitation, APA and Markdown
ETFIQ, SCHP against TIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/schp-vs-tip
ETFIQ. (Oct 28, 2026). SCHP against TIP. Retrieved from https://etfiq.com/compare/any/schp-vs-tip
[SCHP against TIP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/schp-vs-tip)
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