SPIPvsSCHPETF Comparison
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State Street SPDR Portfolio TIPS ETF (SPIP) and Schwab U.S. TIPS ETF (SCHP) belong to the same industry segment: Inflation-linked Bonds. Both ETFs have the same top 1 sector exposures: Sovereign. SPIP is more expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.03% for SCHP. SPIP is down -0.75% year-to-date (YTD) with +$137M in YTD flows. SCHP performs better with -0.56% YTD performance, and +$2.29B in YTD flows. Run a side-by-side ETF comparison of SPIP and SCHP below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SPIP vs SCHP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPIP SCHP | +0.16%+0.20% | -1.51%-1.46% | -0.75%-0.56% | -1.59%-1.33% | +12.95%+13.44% | -1.01%+0.48% |
| Flows | SPIP SCHP | +$44M+$302M | +$74M+$350M | +$137M+$2.29B | +$113M+$2.54B | -$453M+$4.83B | -$1.47B-$910M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPIP SCHP | +3.96%+3.86% | +3.48%+3.40% | +4.51%+4.39% | +6.22%+5.99% |
| Max drawdown | SPIP SCHP | -3.49%-3.40% | -4.02%-3.86% | -4.02%-3.86% | -15.25%-14.24% |
| Max drawdown duration | SPIP SCHP | 52d52d | 229d159d | 229d159d | 1802d1442d |
Trading data
SPIP | SCHP | |
Last sale 10/16/2026 at 1:30 PM | $24.72 | $25.45 |
| Previous close 10/15/2026 | $24.64 | $25.39 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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SPIP | SCHP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
SPIP | SCHP | |
|---|---|---|
| Last price | $24.72 | $25.45 |
| 1D performance | +0.32% | +0.24% |
| AuM | $1.05 B | $16.27 B |
| E/R | 0.12% | 0.03% |
Characteristics
SPIP | SCHP | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Schwab ETFs |
| Benchmark | Bloomberg U.S. Government Inflation-linked Bond Index | Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index |
| N° of holdings | 49 | 48 |
| Asset class | Bonds | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 25, 2007 | August 5, 2010 |
| ESG | No | No |
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Exposure
Countries
SPIP
USA
100.52%
Other
-0.52%
SCHP
USA
100%
Other
-0%
Sectors
SPIP
Sovereign
100.52%
Other
-0.52%
SCHP
Sovereign
100%
Other
-0%
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Diversification
SPIP
Total weight of top 15 holdings out of 15
46.4%
SCHP
Total weight of top 15 holdings out of 15
52.79%
Top 15 holdings
Data as of August 31, 2026
SPIP
USA, TIPS 2.125% 15jan2035, USD (A-2035)
3.49%
USA, TIPS 1.875% 15jul2034, USD (D-2034)
3.37%
USA, TIPS 0.125% 15jan2032, USD (A-2032)
3.25%
USA, TIPS 1.875% 15jul2035, USD (D-2035)
3.23%
USA, TIPS 1.875% 15jan2036, USD (A-2036)
3.17%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
3.16%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
3.09%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
3.05%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
3.00%
USA, TIPS 0.125% 15jul2030, USD (D-2030)
3.00%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
2.96%
USA, TIPS 0.25% 15jul2029, USD (D-2029)
2.96%
USA, TIPS 1.125% 15jan2033, USD (A-2033)
2.95%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
2.91%
USA, TIPS 0.625% 15jul2032, USD (D-2032)
2.82%
SCHP
USA, TIPS 1.875% 15jul2035, USD (D-2035)
4.10%
USA, TIPS 2.125% 15jan2035, USD (A-2035)
4.06%
USA, TIPS 1.875% 15jan2036, USD (A-2036)
4.02%
USA, TIPS 1.875% 15jul2034, USD (D-2034)
3.79%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
3.63%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
3.44%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
3.40%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
3.39%
USA, TIPS 1.125% 15jan2033, USD (A-2033)
3.38%
USA, TIPS 1.375% 15jul2033, USD (D-2033)
3.36%
USA, TIPS 0.625% 15jul2032, USD (D-2032)
3.36%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
3.33%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
3.21%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
3.18%
USA, TIPS 0.125% 15jan2032, USD (A-2032)
3.15%
Frequently asked questions about SPIP and SCHP
How have the SPIP and SCHP ETFs performed in 2026?
As of October 16, 2026, SPIP is down -0.75% year-to-date (YTD), while SCHP has lost -0.56%. That puts SCHP better performer ahead so far this year.
Which ETF is attracting more investor money: SPIP or SCHP?
Year-to-date, the SPIP ETF saw +$137M in flows, compared to +$2.29B for SCHP.
Which ETF is more volatile: SPIP or SCHP?
Over the past year, SPIP had a volatility of 3.48%, while SCHP experienced 3.4%.
Which ETF is bigger: SPIP or SCHP?
As of October 16, 2026, SPIP holds $1.05 B in assets under management (AUM), while SCHP manages $16.27 B.
What sectors do the SPIP and SCHP ETFs invest in?
SPIP leans toward sectors like Sovereign. Meanwhile, SCHP focuses on Sovereign.
What are the top holdings of the SPIP ETF and SCHP ETF?
SPIP top holdings include USA, TIPS 2.125% 15jan2035, USD (A-2035), USA, TIPS 1.875% 15jul2034, USD (D-2034) and USA, TIPS 0.125% 15jan2032, USD (A-2032). SCHP holds in its top three: USA, TIPS 1.875% 15jul2035, USD (D-2035), USA, TIPS 2.125% 15jan2035, USD (A-2035) and USA, TIPS 1.875% 15jan2036, USD (A-2036).
Which ETF is more diversified: SPIP or SCHP?
SPIP holds 49 securities with 46.4% of its assets in the top 15. SCHP has 48 securities and a top 15 weight of 52.79%.
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