Data as of Oct 28, 2026.
SCHP vs VTIP: Differences, Returns & Fees
On Jun 30, 2026 SCHP's duration was 6.3 years and VTIP's 2.3; both charge 0.03%.
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Net assets: $16.5bn on Jun 30, 2026 for Schwab U.S. TIPS ETF, and $20.9bn on Sep 30, 2026 for Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares.
Pair scorecard
Both cost 0.03% a year; their one-year returns differ by 3.0 points.
Points (pts) are percentage points.
| Measure | SCHP | VTIP |
|---|---|---|
| Return | ||
| Total return, 1 year | −0.8% | +2.2% |
| Benchmark | ||
| What it tracks | US TIPS | Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.03% |
| Net assets, SCHP as of Jun 30, 2026 and VTIP as of Sep 30, 2026 | $16.5bn | $20.9bn |
| Holdings | ||
| Holdings in common | 49% | |
Holdings in common uses holdings dated Jun 30, 2026. Method
Risk and return
Oct 26, 2012 to Oct 23, 2026 · 730 weekly returnsVTIP returned more: +35.7% to +25.8%. VTIP swung less: 2.3% to 5.5%. VTIP fell less at its worst: −5.5% to −14.0%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SCHP | VTIP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +25.8% | +35.7% | VTIP | Price change plus distributions, reinvested. |
| Annualized | +1.6% | +2.2% | VTIP | Total return as a yearly rate. |
| Price return | −12.2% | −2.1% | VTIP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 5.5% | 2.3% | VTIP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.1% | 1.7% | VTIP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.0% | −5.5% | VTIP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.01 | 0.17 | VTIP | Return above Treasury bills per unit of volatility. |
| Sortino | −0.01 | 0.22 | VTIP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.12 | 0.40 | VTIP | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 730 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SCHP and VTIP hold 49% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
49% in common
Only in one fund ↓
Side by side
SCHP and VTIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SCHP and VTIP do different jobs. What does each one do in a portfolio?
- What each follows. SCHP follows US TIPS and VTIP follows Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index.
- Holdings in common. 49% of the weight is in the same securities (holdings dated Jun 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SCHP returned −0.8% and VTIP +2.2% with distributions reinvested, a gap of 3.0 points.
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.
VTIP
VTIP tracks an index of Short-Term Inflation-Protected Securities. Over the year to Oct 28, 2026 it returned +2.2% 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 VTIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/schp-vs-vtip
ETFIQ. (Oct 28, 2026). SCHP against VTIP. Retrieved from https://etfiq.com/compare/any/schp-vs-vtip
[SCHP against VTIP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/schp-vs-vtip)
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