SCHM vs SCHP
Schwab U.S. Mid-Cap ETF vs Schwab U.S. TIPS ETF
Last updated: 2026-04-02
Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund issued by Schwab that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a very low expense ratio of 0.04%. The fund offers a moderate dividend yield of 1.39%. Launched in 2011, the fund has a 15-year track record.
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 0.05%. The fund offers an attractive dividend yield of 3.71%. Launched in 2010, the fund has a 16-year track record.
Quick Verdict
Both funds have nearly identical expense ratios (0.04% vs 0.05%), so fees are not a differentiator here. Over the past year, SCHM has significantly outperformed with a 17.1% return vs -0.5%. Income investors may prefer SCHP for its higher yield (3.7% vs 1.4%).
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Which One Should You Choose?
Choose SCHM if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.
Choose SCHP if...
you prioritize dividend income and want higher regular distributions from your portfolio.