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) operates within the US Bonds - TIPS category, which ETFValuer tracks with a total of 6 funds. Issued by Schwab ETFs, the fund has accumulated assets under management of $16.5 billion while trading at a price of $26.11. It holds an overall rank of #324 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 55.3 out of 100. The fund maintains a low cost structure with an expense ratio of 0.03% and offers a dividend yield of 4.00%. The substantial asset size and relatively low price point suggest significant investor adoption for a fund specializing in Treasury Inflation-Protected Securities.

Over the last day, the fund posted a return of +0.23% before declining -0.27% over the week and -0.90% over the month. The three-month period saw a further decline of -1.06%, though the six-month return recovered slightly to +0.16%. Year-to-date performance stands at +0.65%, while the one-year return is recorded at +2.46%. Extending the timeframe to three years, the fund has generated a cumulative return of +12.33%. This pattern indicates a divergence where short-term performance has been negative while longer-term horizons show positive accumulation.

The fund carries a volatility label of Very Low and a beta of 0.70, suggesting it moves less than the broader market. Despite this lower volatility, the Sharpe ratio is recorded at -0.76, indicating that returns have not adequately compensated for the risk taken. The maximum drawdown experienced by the fund is -4.02%, reflecting the largest peak-to-trough decline in its history. This combination of low beta and negative Sharpe ratio implies that while the fund may experience smaller swings than the market, its recent return profile has been weak relative to the risk exposure. The modest maximum drawdown aligns with the Very Low volatility classification, yet the negative risk-adjusted return highlights challenges in generating positive excess returns during the measured period.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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: 2.20% (as of 2026-07-28) — 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 2.39% and average daily volume is 4.0M/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 $16.5B 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