TIP vs SCHP Stock Comparison: AI Score, Valuation, Performance and Upside
TIP and SCHP are functionally identical TIPS ETFs tracking the same Bloomberg US TIPS Index at dramatically different expense ratios. TIP charges 0.19%; SCHP charges 0.03%. For the same inflation protection, SCHP costs one-sixth as much. The choice is purely logistical — Schwab account holders should use SCHP; investors at other brokerages should verify commission costs before choosing between TIP and SCHP.
TIP vs SCHP is the same Bloomberg TIPS index at 0.19% (TIP/BlackRock) versus 0.03% (SCHP/Schwab) — for equal inflation protection at dramatically lower cost, SCHP is the preferred choice for most investors, with the only consideration being brokerage platform and trading commission structure.
SCHP holds the edge across 3 of 5 key metrics in this comparison. TIP has delivered stronger 1-year price return (-0.54% vs -0.76% for SCHP).
- use iShares/BlackRock ETFs as their primary platform and receive commission-free trading on TIP
- value TIP's long track record and high liquidity for institutional-scale options strategies or large trading volumes
- hold TIP in a portfolio where iShares product consistency simplifies rebalancing across multiple iShares ETF positions
- are comfortable paying 0.19% vs SCHP's 0.03% for platform integration or liquidity preferences
- prefer the lowest possible cost for TIPS inflation protection at 0.03% — one-sixth of TIP's expense ratio
- use Schwab as their primary brokerage where SCHP trades commission-free
- want identical TIPS market exposure as TIP at dramatically lower annual cost
- are comfortable with SCHP's Schwab-specific product status potentially affecting portability to other brokerages
| Metric | TIP | SCHP |
|---|---|---|
| ETF scorei | 24.5 | 24.5 |
| Latest closei | $106.10 | $25.55 |
| 1M returni | +2.04% | +1.87% |
| 3M returni | -0.84% | -1.17% |
| 6M returni | -1.78% | -2.07% |
| 1Y returni | -0.54% | -0.76% |
The ETF score weights long-term returns and risk-adjusted performance most heavily, but still rewards low expense ratios, larger fund size, and broader diversification — so it can favor low-cost, broad, mega-cap funds over smaller thematic or actively-managed funds even when the latter have delivered stronger returns.
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | TIP | SCHP |
|---|---|---|
| 1Y ago | $10.35K (+3.5%) started 2025-11-04 | $10.36K (+3.6%) started 2025-11-04 |
| 5Y ago | $12.23K (+22.3%) started 2021-11-05 | $12.54K (+25.4%) started 2021-11-05 |
| 10Y ago | $17.78K (+77.8%) started 2016-11-07 | $18.5K (+85.0%) started 2016-11-07 |
Hypothetical — past performance does not guarantee future results.
| Metric | TIP | SCHP |
|---|---|---|
| Expense ratioi | 0.18% | 0.03% |
| Total assets (AUM)i | $14.65B | $17.5B |
| Dividend yieldi | 4.41% | 4.89% |
| Trailing P/Ei | N/A | N/A |
| Betai | 0.29 | 0.28 |
| 52-week change | -0.54% | -0.76% |
| Metric | TIP | SCHP |
|---|---|---|
| 1Y returni | -0.54% | -0.76% |
| 6M returni | -1.78% | -2.07% |
| 3M returni | -0.84% | -1.17% |
| 1M returni | +2.04% | +1.87% |
| 1Y Sharpe ratio | -1.39 | -1.49 |
| Betai | 0.29 | 0.28 |
| Dividend yieldi | 4.41% | 4.89% |
| 5Y CAGR | -0.19% | -0.11% |
Over the past year, TIP and SCHP have moved strongly in the same direction (correlation of 0.98), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | TIP | SCHP |
|---|---|---|---|
| 1Y | Growthi | -0.54% | -0.76% |
| CAGRi | -0.54% | -0.76% | |
| Volatilityi | 3.58% | 3.50% | |
| Sharpe ratioi | -1.39 | -1.49 | |
| Sortino ratioi | -1.80 | -1.91 | |
| Max drawdowni | 3.95% | 4.05% | |
| Current drawdowni | 2.00% | 2.25% | |
| Avg drawdowni | 1.00% | 0.97% | |
| Ulcer Indexi | 1.35% | 1.34% | |
| Max daily dropi | 0.80% | 0.75% | |
| Max wkly dropi | 1.50% | 1.49% | |
| 5Y | Growthi | -0.93% | -0.54% |
| CAGRi | -0.19% | -0.11% | |
| Volatilityi | 6.19% | 6.10% | |
| Sharpe ratioi | -0.73 | -0.72 | |
| Sortino ratioi | -1.00 | -1.00 | |
| Max drawdowni | 14.51% | 14.26% | |
| Current drawdowni | 2.00% | 2.25% | |
| Avg drawdowni | 6.43% | 6.17% | |
| Ulcer Indexi | 7.70% | 7.49% | |
| Max daily dropi | 1.68% | 1.71% | |
| Max wkly dropi | 3.72% | 3.72% | |
| 10Y | Growthi | +24.40% | +25.50% |
| CAGRi | +2.21% | +2.30% | |
| Volatilityi | 5.73% | 5.59% | |
| Sharpe ratioi | -0.37 | -0.37 | |
| Sortino ratioi | -0.52 | -0.51 | |
| Max drawdowni | 14.51% | 14.26% | |
| Current drawdowni | 2.00% | 2.25% | |
| Avg drawdowni | 3.70% | 3.55% | |
| Ulcer Indexi | 5.52% | 5.38% | |
| Max daily dropi | 2.87% | 2.73% | |
| Max wkly dropi | 6.87% | 7.39% |
| Category | TIP | SCHP |
|---|---|---|
| Fund name | iShares TIPS Bond ETF | Schwab U.S. TIPS ETF |
| Type | ETF | ETF |
| Expense ratioi | 0.18% | 0.03% |
| Total assets (AUM)i | $14.65B | $17.5B |
| Dividend yieldi | 4.41% | 4.89% |
- US Treasury credit quality — TIPS are backed by the full faith and credit of the US government, eliminating credit risk
- Inflation protection through CPI-linked principal adjustment — TIPS preserve real purchasing power regardless of inflation
- Intermediate duration profile reduces interest rate sensitivity compared to long-duration TIPS ETFs
- 0.03% expense ratio provides identical TIPS market exposure as TIP at one-sixth the cost — the primary competitive advantage
- Same underlying TIPS universe and index — SCHP and TIP hold essentially the same portfolio of US Treasury inflation-protected bonds
- Commission-free trading at Schwab with no investment minimum
- Real yields (TIPS yield minus expected inflation) have risen significantly — when real yields rise, TIPS prices fall even if nominal yields are unchanged
- Deflation risk — if CPI falls, TIPS principal adjusts downward (though protected from falling below original principal at maturity)
- 0.19% expense ratio is higher than SCHP's 0.03% — meaningful cost difference in a bond product where total returns are already modest
- Same real yield and inflation protection characteristics as TIP — SCHP is not inherently safer or riskier, only cheaper
- Schwab-branded product may not trade commission-free at non-Schwab brokerages (compared to TIP's universal availability)
- Same duration and maturity exposure as TIP — real yield sensitivity is identical despite different expense ratios
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