ETF Versus

SCHP vs VTIP

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

Last updated: 2026-04-02

SCHP

Schwab U.S. TIPS ETF (SCHP) is an exchange-traded fund 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 3.62%. Launched in 2010, the fund has a 16-year track record.

AUM: $15.6B ER: 0.03% Yield: 3.62% Since: Aug 5, 2010
VTIP

Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares (VTIP) is an exchange-traded fund 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 3.78%. Launched in 2012, the fund has a 14-year track record.

AUM: $17.0B ER: 0.03% Yield: 3.78% Since: Oct 12, 2012

Quick Verdict

VTIP has edged ahead over the past year (0.1% vs -0.9%).

Key Metrics

Metric SCHP VTIP
Expense Ratio 0.03% 0.03%
Dividend Yield 3.6% 3.8%
Fund Family N/A N/A
Category US TIPS US TIPS

Performance Chart

Indexed to 100 at start (5-year comparison)

80 85 90 95 100 105 2021-04 2022-06 2023-09 2024-12 2026-04
SCHP -13.0%
VTIP -3.2%

Performance Comparison

Period SCHP VTIP Difference
1 Month -1.26% -0.02% -1.24%
3 Months +0.30% +0.85% -0.55%
6 Months -1.15% -0.24% -0.91%
YTD +0.30% +0.85% -0.55%
1 Year -0.90% +0.12% -1.02%
3 Years -0.95% +4.24% -5.19%
5 Years -12.96% -3.24% -9.72%

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 -1.12 -1.44

Dividend Comparison

Metric SCHP VTIP
Annual Dividend (per share) $1.06 $1.88
Dividend Yield 3.99% 3.78%
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.

Related Comparisons

SCHP vs TIP TIP vs VTIP