ETF Versus

SCHP vs SCHZ

Schwab U.S. TIPS ETF vs Schwab U.S. Aggregate Bond ETF

Last updated: 2026-04-10

SCHP Schwab

Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund issued by Schwab that provides exposure to us tips securities. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 3.69%. Launched in 2010, the fund has a 16-year track record.

AUM: $15.7B ER: 0.03% Yield: 3.69% Since: Aug 5, 2010
SCHZ Schwab

Schwab U.S. Aggregate Bond ETF (SCHZ) is an exchange-traded fund issued by Schwab that provides exposure to the broad U.S. investment-grade bond market. It charges a very low expense ratio of 0.03%. The fund offers a high dividend yield of 4.09%. Launched in 2011, the fund has a 15-year track record.

AUM: $10.0B ER: 0.03% Yield: 4.09% Since: Jul 14, 2011

Quick Verdict

Both funds have delivered similar 1-year returns (2.0% vs 2.2%), tracking closely.

Key Metrics

Metric SCHP SCHZ
Expense Ratio 0.03% 0.03%
Dividend Yield 3.7% 4.1%
Fund Family Schwab Schwab
Category US TIPS US Aggregate Bond

Performance Chart

Indexed to 100 at start (5-year comparison)

75 81 87 93 99 105 2021-04 2022-07 2023-10 2025-01 2026-04
SCHP -12.6%
SCHZ -14.1%

Performance Comparison

Period SCHP SCHZ Difference
1 Month -0.21% -0.26% +0.05%
3 Months +0.62% -0.81% +1.43%
6 Months -1.13% -1.27% +0.14%
YTD +0.93% -0.56% +1.49%
1 Year +2.00% +2.20% -0.20%
3 Years -0.56% -1.09% +0.53%
5 Years -12.58% -14.05% +1.47%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHP Fees SCHZ Fees You Save
$10,000 10 years $60 $60 $0
$10,000 20 years $258 $258 $0
$10,000 30 years $835 $835 $0
$50,000 10 years $299 $299 $0
$50,000 30 years $4,176 $4,176 $0
$100,000 30 years $8,352 $8,352 $0

Risk Metrics

Based on 5 years of daily returns

Metric SCHP SCHZ
Annualized Volatility 6.3% 6.1%
Max Drawdown -22.2% -21.9%
Sharpe Ratio -1.11 -1.20

Dividend Comparison

Metric SCHP SCHZ
Annual Dividend (per share) $0.99 $0.95
Dividend Yield 3.70% 4.09%
Distribution Frequency Monthly Monthly

Which One Should You Choose?

Choose SCHZ if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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