Schwab U.S. TIPS ETF (SCHP) belongs to the Inflation-Protected Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SCHP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SCHP
SCHP charges 0.03% annually. No ETFs in the Inflation-Protected Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | 0.03% | 70.50B | Oct 2012 | SCHP vs VTIP | |
| Vanguard Total Inflation-Protected Securities ETF | 0.05% | 148.10M | Jul 2025 | SCHP vs VTP | |
| iShares 0-5 Year TIPS Bond ETF | 0.06% | 15.90B | Dec 2010 | SCHP vs STIP | |
| Invesco PureBeta 0-5 Yr US TIPS ETF | 0.07% | 70.90M | Sep 2017 | SCHP vs PBTP | |
| iShares 0-1 Year TIPS Bond ETF | 0.09% | 12.61M | Nov 2025 | SCHP vs ICPI |
Best Risk-Adjusted Alternatives to SCHP
SCHP has a PortfoliosLab risk / return rank of 39. There are 17 ETFs in the Inflation-Protected Bonds category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | 98 | 85.97M | Sep 2023 | SCHP vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | 97 | 136.66M | Feb 2025 | SCHP vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | 96 | 115.32M | Sep 2023 | SCHP vs IBID | |
| iShares 0-5 Year TIPS Bond ETF | 90 | 15.90B | Dec 2010 | SCHP vs STIP | |
| Vanguard Short-Term Inflation-Protected Securities... | 89 | 70.50B | Oct 2012 | SCHP vs VTIP |
Top Performing SCHP Alternatives (YTD)
SCHP is at 1.34% YTD. There are 17 ETFs in the Inflation-Protected Bonds category with higher YTD returns, going as high as 2.60%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Ionic Inflation Protection ETF | 2.60% | 10.49M | Jun 2022 | SCHP vs CPII | |
| iShares 0-1 Year TIPS Bond ETF | 2.51% | 12.61M | Nov 2025 | SCHP vs ICPI | |
| SPDR FTSE International Government Inflation-Prote... | 2.38% | 521.68M | Mar 2008 | SCHP vs WIP | |
| iShares iBonds Oct 2026 Term TIPS ETF | 2.37% | 85.97M | Sep 2023 | SCHP vs IBIC | |
| PIMCO Broad US TIPS Index ETF | 2.37% | 92.01M | Sep 2009 | SCHP vs TIPZ |
Lowest Volatility Alternatives to SCHP
SCHP has 3.36% 1-year volatility. There are 19 ETFs in the Inflation-Protected Bonds category with lower 1-year volatility, going as low as 0.89%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | 0.89% | 85.97M | Sep 2023 | SCHP vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | 0.94% | 136.66M | Feb 2025 | SCHP vs RBIL | |
| iShares 0-1 Year TIPS Bond ETF | 0.96% | 12.61M | Nov 2025 | SCHP vs ICPI | |
| iShares iBonds Oct 2027 Term TIPS ETF | 1.23% | 115.32M | Sep 2023 | SCHP vs IBID | |
| iShares 0-5 Year TIPS Bond ETF | 1.54% | 15.90B | Dec 2010 | SCHP vs STIP |
Lowest Drawdown Alternatives to SCHP
SCHP has a 1-year max drawdown of -1.93%. There are 16 ETFs in the Inflation-Protected Bonds category with shallower 1-year drawdowns, going as shallow as -0.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27% | 85.97M | Sep 2023 | SCHP vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.55% | 115.32M | Sep 2023 | SCHP vs IBID | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.56% | 136.66M | Feb 2025 | SCHP vs RBIL | |
| iShares iBonds 1-5 Year TIPS Ladder ETF | -0.60% | 21.95M | Nov 2024 | SCHP vs LDRI | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.71% | 70.50B | Oct 2012 | SCHP vs VTIP |
Other ETFs from Charles Schwab
The 10 most viewed Charles Schwab ETFs shown here include SCHD, SCHG, SCHX and span 6 categories. AUM among these funds goes as high as $100B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | Dividend | 87 | 18.44% | 99.95B | Oct 2011 | SCHP vs SCHD | |
| Schwab U.S. Large-Cap Growth ETF | Large Cap Growth Equities | 25 | 0.23% | 59.17B | Dec 2009 | SCHP vs SCHG | |
| Schwab U.S. Large-Cap ETF | Large Cap Blend Equities | 59 | 7.91% | 72.05B | Nov 2009 | SCHP vs SCHX | |
| Schwab U.S. Broad Market ETF | Large Cap Blend Equities | 64 | 8.93% | 43.10B | Nov 2009 | SCHP vs SCHB | |
| Schwab International Equity ETF | Foreign Large Cap Equities | 67 | 15.67% | 67.19B | Nov 2009 | SCHP vs SCHF | |
| Schwab International Dividend Equity ETF | Dividend, Foreign Large Cap Equities | 60 | 8.01% | 2.29B | Apr 2021 | SCHP vs SCHY | |
| Schwab U.S. Large-Cap Value ETF | Large Cap Value Equities | 90 | 18.75% | 15.79B | Dec 2009 | SCHP vs SCHV | |
| Schwab Fundamental U.S. Large Company Index ETF | Large Cap Value Equities | 92 | 14.75% | 26.73B | Aug 2013 | SCHP vs FNDX | |
| Schwab Fundamental International Equity ETF | Foreign Large Cap Equities, Large Cap Value Equities | 84 | 17.67% | 24.80B | Aug 2013 | SCHP vs FNDF | |
| Schwab U.S. Small-Cap ETF | Small Cap Blend Equities | 86 | 25.74% | 23.58B | Nov 2009 | SCHP vs SCHA |
Often Compared With SCHP
Investors most often compare SCHP with TIP, SCHZ, FIPDX. These 17 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare SCHP with Any Fund or Stock
Compare SCHP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SCHP with funds that move differently
Schwab U.S. TIPS ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SCHP.
Explore SCHP Diversifiers