ETF Evaluator:
Schwab US TIPS ETF™ ()
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(as of Aug 26)
Best Performing in Inflation-Protected Bond Over the Last Year
| 3.4% | American Beacon Ionic Inflation Prot ETF (CPII) |
| 3.0% | JPMorgan Inflation Managed Bond ETF (JCPI) |
| 2.8% | FlexShares iBoxx 5Yr Target Dur TIPS ETF (TDTF) |
| 2.6% | Vanguard Total Inflation Protd Secs ETF (VTP) |
| 2.5% | Schwab US TIPS ETF™ (SCHP) |
Risk
Index
Risk
Index
ETF Details
Schwab US TIPS ETF™ Overview
Schwab US TIPS ETF™ (SCHP) is a passively managed Taxable Bond Inflation-Protected Bond exchange-traded fund (ETF). Schwab ETFs launched the ETF in 2010.
The investment seeks to track as closely as possible, before fees and expenses, the total return of the Bloomberg U.S. Treasury Inflation-Linked Bond Index (Series-L)SM.
The fund will invest at least 90% of its net assets in securities included in the index. The index includes all publicly-issued U.S. Treasury Inflation-Protected Securities (TIPS) that have at least one year remaining to maturity, are rated investment grade and have $500 million or more of outstanding face value. The TIPS in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible.
About Schwab US TIPS ETF™ (SCHP)
There are 2 members of the management team with an average tenure of 8.19 years: Steven Hung (2026) and Matthew Hastings (2010). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Treasury US TIPS TR USD index with a weighting of 100%. Schwab US TIPS ETF™ has 49 securities in its portfolio. The top 10 holdings constitute 35.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Schwab US TIPS ETF™ is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Schwab US TIPS ETF™ has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.7% (99.7% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Schwab US TIPS ETF™ has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $16 billion in total assets, which is above the $2 billion average for the Inflation-Protected Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SCHP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Schwab US TIPS ETF™ expense ratio is low compared to funds in the Inflation-Protected Bond category. Schwab US TIPS ETF™ has an expense ratio of 0.03%, which is 89% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Schwab US TIPS ETF™ has a portfolio turnover rate of 23%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 37% for the Inflation-Protected Bond category.
Recently, in the month of July 2026, Schwab US TIPS ETF™ returned -0.7%, which earned it a grade of C, as the Inflation-Protected Bond category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Schwab US TIPS ETF™ has a trailing yield of 4.51%, which is below the 4.95% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Schwab US TIPS ETF™ Grades
Year to date, the ETF has returned 0.6%, 1.1 percentage points better than the category, which translates into a grade of B. The fund has returned 2.5% over the past year (grade of B), 3.7% over the past three years (grade of B) and 0.3% per year over the past five years (grade of B) and 2.4% per year over the past 10 years (grade of B).
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SCHP Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SCHP Return (NAV) | -0.7% | -0.9% | 2.5% | 3.7% | 0.3% | 2.4% |
| SCHP Return (Price) | -0.7% | -1.0% | 2.5% | 3.7% | 0.3% | 2.4% |
| NAV +/- Price Return | 0.038% | 0.039% | 0.040% | 0.007% | 0.012% | 0.003% |
| Inflation-Protected Bond Avg | -0.7% | -1.4% | 1.2% | 2.6% | -1.1% | 2.0% |
| SCHP Grade (NAV) | C | B | B | B | B | B |
| +/- Category (NAV) | 0.0% | 0.5% | 1.3% | 1.1% | 1.4% | 0.4% |
| SCHP Tax-Cost Ratio | na | na | 1.8% | 1.5% | 1.8% | 1.3% |
SCHP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SCHP Return (NAV) | 0.6% | 6.8% | 1.9% | 3.9% | -12.0% | 5.8% | 10.9% | 8.4% | -1.3% | 2.9% | 4.6% |
| SCHP Return (Price) | 0.5% | 6.8% | 1.9% | 3.9% | -12.0% | 5.9% | 10.9% | 8.5% | -1.4% | 3.0% | 4.6% |
| NAV +/- Price Ret | -0.068% | -0.012% | 0.000% | 0.010% | 0.004% | 0.011% | -0.008% | 1.8% | 8.3% | 2.5% | 0.9% |
| Inflation-Protected Bond Avg | -0.5% | 6.9% | 0.3% | 2.4% | -13.6% | 5.0% | 12.4% | 9.3% | -2.2% | 3.7% | 5.2% |
| SCHP Grade (NAV) | B | C | B | B | B | B | C | C | B | C | C |
| +/- Category | 1.1% | -0.0% | 1.6% | 1.5% | 1.6% | 0.8% | -1.5% | -0.9% | 0.9% | -0.7% | -0.6% |
| Risk Measures | |
| Beta: | 0.70 |
| R-Squared: | 88% |
| Standard Deviation: | 4.2% |
| Category Risk Index: | 0.80 |
| Category Risk Rating: | Average |
| Total Risk Index: | 0.34 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.5% |
| Total Assets: | $ 16,384 Mil |
| Share Class Assets: | $ 16,384 Mil |
| Turnover: | 23.0% |
| Expense Ratio: | 0.03% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 16.0 years | |||
| Average Tenure: 8.2 years | |||
| Managers (Year): Hastings Matthew (2010), Hung Steven (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 49 |
| % in Top 10 Holdings: | 35.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.7% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Schwab ETFs |
| Phone Number: | 877-824-5615 |
| Website: | www.csimfunds.com. |
| Inception Date: | August 5, 2010 |
Expenses and Fees
| Expense Ratio (%): | 0.03% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.27% |
