Schwab U.S. TIPS ETF (SCHP)
$25.45+0.24%close of Oct 16, 2026
Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund (ETF) run by Schwab. This fund owns US government bonds called TIPS. It charges 0.03% a year. From August 2010 to October 2026 it returned about 2.6% a year, and its worst drop was −14.3%.
Written by the Tactfolio research team. Fund facts checked October 17, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.03%
- about $3 on $10,000
- 1-year return
- −1.4%
- to Oct 16, 2026
- Return per year
- 2.6%
- since August 2010
- Worst drop
- −14.3%
- since 2010
- Below its high
- −2.4%
- now
- Volatility
- 5.5%
- yearly swings
- Issuer
- Schwab
- Tracks
- Bloomberg US Treasury Inflation-Linked Bond Index (Series-L)
- Started trading
- August 5, 2010
- Type
- US bonds, ETF
- Holdings
- 49 holdings as of June 30, 2026
- Expense ratio
- 0.03% a year
How has SCHP done since 2010?#
From August 2010 to October 2026, SCHP returned about 2.6% a year. The S&P 500 returned about 14.5% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $15,216 at the end, with every dividend reinvested.
| Period | SCHP | S&P 500 (SPY) |
|---|---|---|
| 1 month | 0.1% | 1.5% |
| 3 months | −1.5% | 1.9% |
| 6 months | −1.8% | 9.3% |
| Year to date | −0.6% | 12.8% |
| 1 year | −1.4% | 16.8% |
| 3 years per year | 4.3% | 22.0% |
| 5 years per year | 0.1% | 12.8% |
| 10 years per year | 2.3% | 15.4% |
| Since 2010 per year | 2.6% | 14.5% |
Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
SCHP returns by month and year#
SCHP rose in 121 of its 195 months (62%). Its best month was July 2022, at 4.4%. Its worst was September 2022, at −6.8%.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.6% | 0.6 | 1.2 | −1.3 | 1.1 | 0.2 | −0.5 | −0.7 | 0.1 | −2.7 | 1.5 | ||
| 2025 | 6.8% | 1.2 | 2.1 | 0.7 | 0.2 | −0.7 | 1.0 | 0.1 | 1.6 | 0.4 | 0.3 | 0.2 | −0.6 |
| 2024 | 1.9% | 0.3 | −1.1 | 0.7 | −1.6 | 1.8 | 0.7 | 1.8 | 0.8 | 1.5 | −1.8 | 0.5 | −1.5 |
| 2023 | 3.9% | 2.0 | −1.3 | 2.9 | 0.0 | −1.2 | −0.2 | 0.1 | −0.8 | −1.9 | −0.7 | 2.8 | 2.5 |
| 2022 | −12.0% | −2.0 | 0.8 | −1.9 | −2.2 | −0.9 | −3.1 | 4.4 | −2.7 | −6.8 | 1.4 | 1.9 | −1.2 |
| 2021 | 5.9% | 0.3 | −1.6 | −0.2 | 1.4 | 1.1 | 0.6 | 2.7 | −0.1 | −0.7 | 1.1 | 0.8 | 0.4 |
| 2020 | 10.9% | 2.1 | 0.9 | −1.5 | 2.7 | 0.5 | 1.1 | 2.3 | 0.9 | −0.3 | −0.6 | 1.1 | 1.3 |
| 2019 | 8.5% | 1.5 | −0.2 | 1.9 | 0.3 | 1.7 | 0.8 | 0.4 | 2.2 | −1.1 | −0.1 | 0.2 | 0.5 |
| 2018 | −1.4% | −0.9 | −0.9 | 0.8 | 0.0 | 0.3 | 0.6 | −0.5 | 0.7 | −1.0 | −1.5 | 0.4 | 0.6 |
| 2017 | 3.0% | 0.9 | 0.4 | 0.0 | 0.4 | 0.1 | −0.9 | 0.5 | 1.0 | −0.7 | 0.3 | 0.1 | 1.0 |
| 2016 | 4.6% | 1.6 | 1.1 | 1.8 | 0.2 | −0.8 | 2.3 | 0.7 | −0.4 | 0.8 | −0.6 | −2.0 | 0.0 |
| 2015 | −1.8% | 3.1 | −1.3 | −0.5 | 0.7 | −1.1 | −0.9 | 0.4 | −1.0 | −0.4 | 0.3 | −0.1 | −0.9 |
| 2014 | 4.1% | 2.4 | 0.4 | −0.5 | 1.4 | 1.9 | 0.4 | −0.1 | 0.7 | −2.6 | 0.9 | 0.2 | −0.9 |
| 2013 | −8.9% | −0.7 | 0.1 | 0.2 | 0.9 | −4.2 | −3.8 | 0.8 | −1.8 | 1.8 | 0.5 | −1.0 | −1.7 |
| 2012 | 6.3% | 2.1 | −0.5 | −1.0 | 2.0 | 1.8 | −0.6 | 1.9 | −0.4 | 0.6 | 0.7 | 0.4 | −0.7 |
| 2011 | 13.4% | 0.0 | 0.8 | 1.0 | 2.5 | 0.3 | 0.7 | 3.9 | 0.9 | 0.0 | 1.8 | 0.6 | 0.3 |
| 2010 | 1.2% | 1.3 | 1.0 | 2.2 | −1.7 | −1.5 |
Each month runs from the last close of the month before. The first month counts from the first close.
How risky is SCHP compared with the S&P 500?#
Measured from October 2021 to October 2026, on the days both traded.
- Beta 0.07. When the S&P 500 moved 1% in a day, SCHP tended to move about 0.07%.
- Correlation 0.19. SCHP moved mostly on its own, apart from the S&P 500.
- Up and down months. In months the S&P 500 rose, SCHP rose 19% as much on average. In months it fell, SCHP fell 34% as much.
| Measure | SCHP | S&P 500 (SPY) |
|---|---|---|
| Return per year | 0.1% | 12.8% |
| Volatility | 6.1% | 17.1% |
| Worst drop | −14.3% | −24.5% |
| Sharpe ratio | 0.04 | 0.79 |
| Sortino ratio | 0.06 | 1.15 |
| Calmar ratio | 0.01 | 0.52 |
Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.
Is SCHP above its 200-day average?#
SCHP closed 1.3% below its 200-day average on October 16, 2026. A rule that holds SCHP only above that average would be out of it today.
- vs 200-day average
- −1.3%
- below it
- 50-day vs 200-day
- −0.9%
- trend falling
- vs 52-week high
- −2.4%
- high of $26.08
A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for SCHP and backtest it in a minute.
What was SCHP’s worst drop?#
A drawdown is how far a fund falls from its last high point. SCHP’s worst fall was −14.3%, from March 8, 2022 to October 6, 2023. It got back to that high on October 22, 2025. On October 16, 2026 it was 2.4% below its highest close.
| Drop | From the high | To the bottom | Back to the high |
|---|---|---|---|
| −14.3% | Mar 8, 2022 | Oct 6, 202319 months | Oct 22, 20252.0 years |
| −11.2% | Dec 10, 2012 | Sep 5, 20139 months | Mar 20, 20195.5 years |
| −10.8% | Mar 6, 2020 | Mar 18, 202012 days | Jun 10, 20203 months |
| −5.7% | Oct 25, 2010 | Feb 10, 20114 months | Apr 19, 20112 months |
| −5.0% | Nov 9, 2021 | Feb 10, 20223 months | Mar 8, 202226 days |
Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
What does SCHP hold?#
This fund owns US government bonds called TIPS. Their value is adjusted when prices in the economy go up. Their prices can still fall when interest rates rise.
It tracks the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). It had 49 holdings as of June 30, 2026, according to Schwab.
What is the SCHP expense ratio?#
SCHP charges 0.03% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.03% fee comes to about $3 a year. Of the 162 ETFs on Tactfolio, 85% charge more.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
Which Tactfolio strategies hold SCHP?#
No classic strategy holds SCHP yet. You can add it to your own rules in the builder and see how they would have done.
How does SCHP compare with similar ETFs?#
Funds that can stand in for SCHP:
- VTIP: Vanguard Short-Term Inflation-Protected Securities ETF, 0.03% a year
- TIP: iShares TIPS Bond ETF, 0.18% a year
- VGIT: Vanguard Intermediate-Term Treasury ETF, 0.03% a year
- IEF: iShares 7-10 Year Treasury Bond ETF, 0.15% a year
See all 8 SCHP alternatives, compared on the same dates as SCHP.
Test SCHP in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add SCHP, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for SCHP and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.
Fund facts come from Schwab. We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of SCHP?#
SCHP charges 0.03% a year, according to Schwab as of October 17, 2026. That is about $3 a year for every $10,000 you hold.
When did SCHP start trading?#
SCHP started trading on August 5, 2010. It is run by Schwab.
What does SCHP track?#
SCHP tracks the Bloomberg US Treasury Inflation-Linked Bond Index (Series-L). This fund owns US government bonds called TIPS.
How much has SCHP returned per year?#
From August 2010 to October 2026, SCHP returned about 2.6% a year with dividends reinvested. Its worst drop was −14.3%. Past returns do not tell you what it will do next.
Is SCHP above its 200-day moving average?#
On October 16, 2026, SCHP closed 1.3% below its 200-day moving average. This page updates after each US market close.
Which strategies use SCHP?#
None of Tactfolio’s classic strategies hold SCHP yet. You can test it in your own rules in the builder.