Data as of Oct 28, 2026.
SCHP vs VTEB: Differences, Returns & Fees
SCHP's duration was 6.3 years on Jun 30, 2026 and VTEB's 7.1 on Jul 31, 2026; both charge 0.03%.
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Net assets: $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF, and $49.6bn on Sep 30, 2026 for Vanguard Tax-Exempt Bond ETF.
Pair scorecard
Both cost 0.03% a year; their one-year returns differ by 0.4 points.
Points (pts) are percentage points.
| Measure | SCHP | VTEB |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.8% | −0.4% |
| Benchmark | ||
| What it tracks | US TIPS | S&P National AMT-Free Municipal Bond Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.03% |
| Net assets, SCHP as of Jun 30, 2026 and VTEB as of Sep 30, 2026 | $16.5bn | $49.6bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method
Risk and return
Sep 4, 2015 to Oct 23, 2026 · 581 weekly returnsSCHP returned more: +33.1% to +26.3%. SCHP swung less: 5.4% to 6.7%. SCHP fell slightly less at its worst: −14.0% to −14.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SCHP | VTEB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +33.1% | +26.3% | SCHP | Price change plus distributions, reinvested. |
| Annualized | +2.6% | +2.1% | SCHP | Total return as a yearly rate. |
| Price return | −4.6% | −2.9% | VTEB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.4% | 6.7% | SCHP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.0% | 4.6% | SCHP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.0% | −14.8% | SCHP (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.08 | 0.00 | SCHP | Return above Treasury bills per unit of volatility. |
| Sortino | 0.10 | 0.01 | SCHP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.19 | 0.14 | SCHP | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 581 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHP and VTEB hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
SCHP and VTEB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHP and VTEB do different jobs. What does each one do in a portfolio?
- What each follows. SCHP follows US TIPS and VTEB follows S&P National AMT-Free Municipal Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026 and Jul 31, 2026).
- Number of holdings. SCHP holds 48 positions and VTEB holds 11155.
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.
VTEB
VTEB tracks an index of Tax-Exempt Bond. Over the year to Oct 28, 2026 it returned −0.4% with distributions reinvested.
Questions people ask
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 VTEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/schp-vs-vteb
ETFIQ. (Oct 28, 2026). SCHP against VTEB. Retrieved from https://etfiq.com/compare/any/schp-vs-vteb
[SCHP against VTEB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/schp-vs-vteb)
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