SCHP — Schwab U.S. TIPS ETF

SCHP Price Performance — Growth of $10,000

Value of a $10,000 investment in SCHP over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SCHP Drawdown

The "underwater" chart: SCHP's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Schwab U.S. TIPS ETF (SCHP) is a category leader in US Bonds - TIPS, with an overall rank of #311 out of 458 tracked ETFs across all categories. Issued by Schwab ETFs, it has a relatively low expense ratio of 0.03%, making it cost-effective for investors. The ETF has a dividend yield of 4.51%, providing a steady income stream. With an asset under management (AUM) of $16.4B, it is one of the larger funds in its category, indicating strong investor adoption and confidence in its performance.

Over the past year, the ETF has seen a modest gain of 2.19%, with a more pronounced 13.28% return over the past three years. The short-term returns show a slight fluctuation, with a 1-day return of -0.42% and a 1-week return of +0.08%, suggesting some volatility in the near-term. However, the 1-month and 3-month returns of +0.41% and -0.08% respectively, indicate a more stable trend over a slightly longer period. The 6-month and year-to-date (YTD) returns of -0.33% and +0.91% respectively, show a slight deceleration in growth, while the 1-year return of +2.19% suggests a positive trend over the past year.

The Schwab U.S. TIPS ETF (SCHP) is categorized as having a Very Low volatility label, which suggests that it is relatively stable and less prone to significant price fluctuations compared to other ETFs. However, its beta of 0.70 indicates a moderate sensitivity to market movements, meaning it may not fully capture the upside of the market but also offers some protection during downturns. The negative Sharpe ratio of -0.87 suggests that the ETF's returns have not compensated for the risk taken, implying that the risk-adjusted performance has been poor. The maximum drawdown of -3.70% indicates that the fund has experienced a significant decline in value, but not as severe as some other ETFs in its category. Overall, the combination of low volatility and moderate beta suggests that the ETF may be suitable for investors seeking a stable income stream with some market exposure, but the negative Sharpe ratio and high drawdown highlight the need for careful consideration of risk tolerance and the potential for underperformance relative to risk taken.

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. Top 10 holdings make up 36.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SCHP's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SCHP

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SCHP's top 10 — AGG overlaps most, holding 1 of the same companies as SCHP's top 10 (36.1% of SCHP's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

10-Year Breakeven Inflation Rate: 2.34% (as of 2026-08-21) — The market’s implied 10-year inflation expectation, derived from Treasury and TIPS yields — directly relevant to this fund’s inflation-protection design.

SCHP Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.46% and average daily volume is 4.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $16.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SCHP is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SCHP Performance History

How SCHP Compares to Other US Bonds - TIPS ETFs