SCHP — Schwab U.S. TIPS ETF

Overview

The Schwab U.S. TIPS ETF, trading under the ticker SCHP, operates within the US Bonds - TIPS category managed by Schwab ETFs. This fund holds a significant position with $16.5 billion in assets under management and trades at a price of $26.24. It currently carries an ETFValuer grade of C, reflecting a score of 53.6 out of 100, and sits at rank #103 among 120 tracked ETFs across all categories. The fund is part of a category containing only two ETFs tracked by the platform. Investors can access the fund with a low expense ratio of 0.03% while receiving a dividend yield of 4.00%. The substantial asset size relative to the small category size suggests significant investor adoption compared to its peers.

Recent price action shows a decline over the shortest horizons, with the fund down 0.23% over one day and 0.52% over one week. The one-month return extends this negative trend to -0.49%, while the three-month period shows a slightly smaller loss of -0.43%. A shift to positive territory occurs at the six-month mark, where the fund gained +0.39%, a figure that remains consistent for the year-to-date return. The one-year return improves further to +2.66%, indicating a recovery from the earlier short-term weakness. Over the longer three-year horizon, the fund has delivered a cumulative return of +11.23%. This pattern illustrates a divergence where short-term performance was negative while longer-term results turned positive.

The fund is assigned a Very Low volatility label and maintains a beta of 0.70, suggesting it moves less than the broader market. Despite this lower sensitivity to market swings, the Sharpe ratio stands at -0.68, indicating that the risk-adjusted returns have been negative over the measured period. The maximum drawdown recorded for the fund is -4.48%, representing the largest peak-to-trough decline observed. This combination of low volatility and a negative Sharpe ratio implies that while the fund experiences smaller price swings, it has struggled to generate sufficient returns to compensate for the risk taken. The modest drawdown figure aligns with the low volatility classification, showing limited downside severity during market stress.

AI-generated summary based on the data on this page.

SCHP Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

10-Year Breakeven Inflation Rate: 2.25% (as of 2026-07-08) — The market’s implied 10-year inflation expectation, derived from Treasury and TIPS yields — directly relevant to this fund’s inflation-protection design.

SCHP Performance History

How SCHP Compares to Other US Bonds - TIPS ETFs