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SCHP vs VTP

Schwab US TIPS ETF

SCHPANYSE Arca

Vanguard Total Inflation-Protected Securities ETF

VTPANYSE Arca

Overlap

No data

Expense ratio

SCHP −0.02pt a year

SCHP0.03%VTP0.05%

Avg volume · 30D

SCHP 88.7×the volume

SCHP5.63MVTP63.4K

SCHP vs VTP Performance

Oct 31, 2025 – Oct 30, 2026

+0.1%SCHP+0.2%VTP

Oct 31, 2025 to Oct 30, 2026. SCHP +0.1%. VTP +0.2%. Use the arrow keys to read each point.−2%−1%1%Oct 2025Apr 2026Oct 2026
Expense ratio
SCHP 0.03%, better
VTP 0.05%
Fund size
SCHP $17.5B
VTP $251M
1Y total return
SCHP +0.1%
VTP +0.2%, better
Yield (12M)
SCHP 4.89%, better
VTP 3.74%
Holdings
SCHP 49
VTP 51
Avg volume (30D)
SCHP 5.63M sh, better
VTP 63.4K sh
NAV per share
SCHP $25.74
VTP $74.00
52W range

ETF.net Grade

SCHP: Cost 98, Risk 35, Mission 100, Tradability 91, Holdings 87, Durability 82. VTP: Cost 93, Risk 37, Mission 100, Tradability 51, Holdings 79, Durability 67.
Pillar letters and Scores for SCHP, VTP, with each pillar’s weight
PillarSCHPVTP
Cost30% weightA98HigherA93
Mission25% weightA100A100
Risk15% weightD35D37Higher
Tradability15% weightA91HigherC51
Holdings10% weightA87HigherA79
Durability5% weightA82HigherB67

Rank among TIPS funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SCHP and VTP are both graded against the same 40 TIPS funds, so their Grades compare head to head.

TIPS⁠

Category · 40 funds
See all 40 ›

SCHP ranks 1st and VTP 3rd of 40 funds in the TIPS Category.

  1. Rank 1ASCHPSchwab US TIPS ETFScore 85
  2. Rank 2ASTIPiShares 0-5 Year TIPS Bond ETFScore 80
  3. Rank 3AVTPVanguard Total Inflation-Protected Securities ETFScore 77
  4. Rank 4APBTPInvesco 0-5 Yr US TIPS ETFScore 72

Our read on each fund

ETF.net Research

SCHPASchwab US TIPS ETF

VTPAVanguard Total Inflation-Protected Securities ETF

In short

SCHP Inflation insurance in the plainest wrapper available: SCHP owns the full maturity range of Treasury inflation-protected bonds and tracks its Bloomberg index for three basis points a year.

VTP Vanguard's ETF answer for the whole TIPS curve. It tracks a market-value-weighted index of Treasury inflation-linked bonds with at least a year left to run, charges five basis points, and opened for business in 2025.

Stated mandate

SCHP The fund seeks to track, before fees and expenses, the total return of an index composed of inflation-protected U.S. Treasury securities.

VTP The Fund passively tracks the full market of U.S. Treasury inflation-protected public obligations through the ICE U.S. Treasury Inflation Linked Bond Index.

Why people hold it

  • SCHP 0.03% a year, a quarter of the typical Treasury-fund fee and level with the cheapest names in the group (VGIT, VCSH).
  • One job, done literally: only inflation-linked US Treasuries, whose principal adjusts with the official consumer price index.
  • Running since 2010, now a multi-billion-dollar fund that trades actively and hugs the Bloomberg Series-L index closely.
  • Passive, no maturity tilt, no manager view: one of the cleaner builds among Treasury ETFs.
  • VTP Five basis points: under half the typical fund in its Treasury peer group, and well below the 0.12% charged by broad TIPS rival SPIP.
  • Full-curve coverage. The index is market value weighted and takes inflation-protected Treasuries with at least one year to maturity, no upper limit, so no single maturity slice bet.ice.com
  • Vanguard's other inflation-linked ETF stops below five years to maturity. This one is the long-end-included sibling, in the same low-cost index wrapper.vanguard.com
  • The inflation link sits inside the bonds, not in a strategy overlay: principal and coupons are indexed to consumer prices, and the fund passes income through quarterly.vanguard.com

Worth knowing

  • SCHP Inflation-linked is not rate-proof. This spans the whole maturity spectrum, so prices move with real yields.
  • Distributions are irregular. Coupons sit on an inflation-adjusted principal, so the cash arrives lumpy, not as a steady check.
  • About 50 bonds, all Uncle Sam. No credit spread, no corporate yield pickup; inflation and duration are the whole story.
  • VTP Owning the long end cuts both ways. Real-rate moves hit a full-maturity TIPS portfolio harder than a sub-five-year one, so expect more price movement.ice.comvanguard.com
  • A 2025 launch means a short track record and thinner trading than the long-established TIPS funds, which can show up as wider bid-ask spreads.
  • Payouts move with inflation adjustments rather than a fixed rate, and Vanguard discloses that a distribution can include return of capital.vanguard.com

Full SCHP profile⁠

Full VTP profile⁠

SCHP vs VTP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SCHP vs VTP Cost

Overpaying VTP vs SCHP

$422

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SCHP 0.03%

    $638

  • VTP 0.05%

    $1,060

$10,000
30 years

Cost over time

  • SCHP 0.03%
  • VTP 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$250$500$750$1K$1.25K051015202530VTP $1,060SCHP $638

Year by year

YearSCHPVTPOverpaying
10$55$92$37
20$216$360$144
30$638$1,060$422

Expense ratio

  • 0.03%SCHP, cheaper
  • 0.05%VTP
  • Middle half of TIPS funds
  • Median 0.10%

SCHP cheapest of 40 funds

VTP 4th cheapest of 40 funds

SCHP vs VTP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SCHP 4.89%, better
VTP 3.74%
Payout (12M)
SCHP $1.26
VTP $2.77
Last payment
SCHP $0.06
VTP $0.99
Ex-dividend
SCHP Oct 1, 2026
VTP Oct 1, 2026
Paid on
SCHP Oct 7, 2026
VTP Oct 5, 2026
Frequency
SCHP Monthly
VTP Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

SCHPMonthly · 38 paymentsAll SCHP payments⁠
One bar per payment. 38 payments from 2023 to 2026 YTD. Apr 3, 2023 $0.04; May 1, 2023 $0.09; Jun 1, 2023 $0.08; Jul 3, 2023 $0.11; Aug 1, 2023 $0.08; Sep 1, 2023 $0.08; Oct 2, 2023 $0.06; Nov 1, 2023 $0.09; Dec 1, 2023 $0.08; Dec 15, 2023 $0.07; Apr 1, 2024 $0.04; May 1, 2024 $0.10; Jun 3, 2024 $0.15; Jul 1, 2024 $0.12; Aug 1, 2024 $0.09; Sep 3, 2024 $0.05; Oct 1, 2024 $0.0098; Nov 1, 2024 $0.03; Dec 2, 2024 $0.07; Dec 20, 2024 $0.11; Mar 3, 2025 $0.02; Apr 1, 2025 $0.10; May 1, 2025 $0.12; Jun 2, 2025 $0.10; Jul 1, 2025 $0.11; Aug 1, 2025 $0.09; Sep 2, 2025 $0.10; Oct 1, 2025 $0.08; Nov 3, 2025 $0.09; Dec 1, 2025 $0.09; Dec 19, 2025 $0.18; Apr 1, 2026 $0.03; May 1, 2026 $0.10; Jun 1, 2026 $0.20; Jul 1, 2026 $0.22; Aug 3, 2026 $0.22; Sep 1, 2026 $0.08; Oct 1, 2026 $0.06. Use the arrow keys to read each point.$0$120232026YTD
VTPQuarterly · 5 paymentsAll VTP payments⁠
One bar per payment. 5 payments from 2023 to 2026 YTD. Oct 1, 2025 $0.47; Dec 18, 2025 $0.71; Apr 1, 2026 $0.06; Jul 1, 2026 $1.01; Oct 1, 2026 $0.99. Use the arrow keys to read each point.$0$120232026YTD

SCHP vs VTP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SCHP 4.5%VTP 4.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SCHP 0.09VTP −0.42since Aug 2025
Worst fallMax drawdown, 5 years
SCHP −14.3%VTP −4.0%since Jul 2025
Market sensitivityBeta, 5 years
SCHP 0.70VTP 0.14

SCHP and VTP in the news

All news⁠

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