SCHP: Schwab U.S. TIPS ETF returns, drawdowns and risk
Funds on government bonds whose principal rises with inflation (TIPS in the US, linkers in Europe).
Data updated October 2026
SCHP · US exchange · USDCategory: Inflation-linked bond ETFsData from August 2010
From August 2010 to October 2026 SCHP returned 1.6% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $12,968.
Its deepest fall was 18.3%, from November 2021 to October 2023, and it has not yet returned to the previous high. Annual volatility was 5.6%; at the last close it was 7.7% below its high.
Against AGG (iShares Core U.S. Aggregate Bond ETF), over the 194 months both have data, the correlation of monthly returns was 0.81: they usually moved together. Beta was 0.93. In months when AGG rose, SCHP moved 98% as much on average; in months when AGG fell, 106% as much.
Key figures
- Annual return (CAGR)
- +1.6%
- 1-year return
- −1.5%
- 5 years, a year
- −1.2%
- 10 years, a year
- +1.0%
- Annual volatility
- 5.6%
- Maximum drawdown
- −18.3%
- Sharpe ratio
- 0.06
- Worst year
- 2022: −14.9%
Trailing returns
| Period | SCHP | AGG |
|---|---|---|
| 1 year | −1.5% | −1.9% |
| 3 years, a year | +3.9% | +5.2% |
| 5 years, a year | −1.2% | −0.3% |
| 10 years, a year | +1.0% | +1.2% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: SCHP vs AGG
Month-end values from September 2010, the first month both funds have data.
SCHP drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | SCHP | AGG |
|---|---|---|
| 2026(partial) | −0.5% | −1.8% |
| 2025 | +6.8% | +7.2% |
| 2024 | +0.9% | +1.3% |
| 2023 | +2.3% | +5.7% |
| 2022 | −14.9% | −13.0% |
| 2021 | +3.6% | −1.8% |
| 2020 | +10.2% | +7.5% |
| 2019 | +7.4% | +8.5% |
| 2018 | −2.7% | +0.1% |
| 2017 | +2.0% | +3.5% |
| 2016 | +3.9% | +2.4% |
| 2015 | −1.9% | +0.5% |
| 2014 | +3.4% | +6.0% |
| 2013 | −9.2% | −2.0% |
| 2012 | +5.7% | +3.8% |
| 2011 | +11.8% | +7.7% |
| 2010(partial) | +1.0% | — |
SCHP compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of SCHP?
From August 2010 to October 2026 SCHP returned 1.6% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: −1.2% a year. Over the last 12 months: −1.5%.
What was the worst drawdown of SCHP?
18.3%, from November 2021 to October 2023; it has not yet returned to the previous high.
How volatile is SCHP?
Annual volatility was 5.6% over the period. Its worst month was −7.0% and 60% of months were positive. Worst calendar year: 2022 (−14.9%).
How closely does SCHP follow AGG?
Over 194 months the correlation of monthly returns was 0.81, so they usually moved together, with a beta of 0.93.
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Other Inflation-linked bond ETFs
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.