ETF Versus

SCHP vs VTIP

Schwab U.S. TIPS ETF vs Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares

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
VTIP Vanguard

Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares (VTIP) is an exchange-traded fund issued by Vanguard 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 3.61%. Launched in 2012, the fund has a 14-year track record.

AUM: $17.4B ER: 0.03% Yield: 3.61% Since: Oct 12, 2012

Quick Verdict

SCHP has edged ahead over the past year (2.0% vs 0.9%).

Key Metrics

Metric SCHP VTIP
Expense Ratio 0.03% 0.03%
Dividend Yield 3.7% 3.6%
Fund Family Schwab Vanguard
Category US TIPS US TIPS

Performance Chart

Indexed to 100 at start (5-year comparison)

80 85 90 95 100 105 2021-04 2022-07 2023-10 2025-01 2026-04
SCHP -12.6%
VTIP -3.0%

Performance Comparison

Period SCHP VTIP Difference
1 Month -0.21% +0.25% -0.46%
3 Months +0.62% +1.12% -0.50%
6 Months -1.13% -0.13% -1.00%
YTD +0.93% +1.24% -0.31%
1 Year +2.00% +0.94% +1.06%
3 Years -0.56% +4.63% -5.19%
5 Years -12.58% -3.05% -9.53%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SCHP Fees VTIP 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 VTIP
Annualized Volatility 6.3% 3.5%
Max Drawdown -22.2% -11.7%
Sharpe Ratio -1.11 -1.43

Dividend Comparison

Metric SCHP VTIP
Annual Dividend (per share) $0.99 $1.81
Dividend Yield 3.70% 3.61%
Distribution Frequency Monthly Quarterly

Which One Should You Choose?

Either works if...

you just need broad us tips exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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