SCHP vs STIP: Holdings Overlap
Schwab · 48 holdings · $16.3B · as of 2026-03-31
STIPiShares 0-5 Year TIPS Bond ETF
iShares · 25 holdings · $15.8B · as of 2026-04-30
Holdings snapshots are 30 days apart (SCHP: 2026-03-31, STIP: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are SCHP and STIP?
Schwab U.S. TIPS ETF (SCHP, by Schwab) holds 48 positions; iShares 0-5 Year TIPS Bond ETF (STIP, by iShares) holds 25. They have 20 holdings in common, and by portfolio weight the two funds are 51.3% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 51.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20SCHP holds 48 · STIP holds 25
- Weight in Shared Holdings
- SCHP 51%·STIP 82%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in SCHP
28 of 48 positions (48.3% of the fund) are not held by STIP.
- U.S. Treasury Inflation-Indexed Notes4.12%
- U.S. Treasury Inflation-Indexed Notes4.07%
- U.S. Treasury Inflation-Indexed Notes3.83%
- U.S. Treasury Inflation-Indexed Notes3.65%
- U.S. Treasury Inflation-Indexed Notes3.41%
- U.S. Treasury Inflation-Indexed Notes3.39%
Only in STIP
5 of 25 positions (14.7% of the fund) are not held by SCHP.
- U.S. Treasury Inflation Linked Notes4.75%
- U.S. Treasury Inflation Linked Notes4.22%
- U.S. Treasury Inflation Linked Notes3.80%
- U.S. Treasury Inflation Linked Bonds1.94%
- U.S. Treasury Inflation Linked Notes0.01%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SCHP | -0.2% | +0.9% | +2.0% | +3.9% | +0.5% | +2.5% | 5.02% |
| STIP | +0.1% | +1.9% | +3.0% | +5.0% | +3.1% | +3.1% | 5.37% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in SCHP vs STIP →
Shared Holdings(20)
The top 10 shared positions account for 62% of the overlap, led by U.S. Treasury Inflation-Indexed Notes, U.S. Treasury Inflation-Indexed Notes and U.S. Treasury Inflation-Indexed Notes.
| U.S. Treasury Inflation-Indexed Notes | 3.46% | 5.50% | 3.46% |
|---|---|---|---|
| U.S. Treasury Inflation-Indexed Notes | 3.44% | 5.47% | 3.44% |
| U.S. Treasury Inflation-Indexed Notes | 3.33% | 5.30% | 3.33% |
| U.S. Treasury Inflation-Indexed Notes | 3.22% | 5.10% | 3.22% |
| U.S. Treasury Inflation-Indexed Notes | 3.21% | 5.08% | 3.21% |
| U.S. Treasury Inflation-Indexed Notes | 3.10% | 4.90% | 3.10% |
| U.S. Treasury Inflation-Indexed Notes | 3.02% | 4.79% | 3.02% |
| U.S. Treasury Inflation-Indexed Notes | 3.02% | 4.78% | 3.02% |
| U.S. Treasury Inflation-Indexed Notes | 2.93% | 4.68% | 2.93% |
| U.S. Treasury Inflation-Indexed Notes | 2.86% | 4.59% | 2.86% |
| U.S. Treasury Inflation-Indexed Notes | 2.73% | 4.32% | 2.73% |
| U.S. Treasury Inflation-Indexed Notes | 2.68% | 4.24% | 2.68% |
| U.S. Treasury Inflation-Indexed Notes | 2.63% | 4.19% | 2.63% |
| U.S. Treasury Inflation-Indexed Notes | 2.37% | 3.76% | 2.37% |
| U.S. Treasury Inflation-Indexed Notes | 2.37% | 3.76% | 2.37% |
| U.S. Treasury Inflation-Indexed Notes | 2.05% | 3.25% | 2.05% |
| U.S. Treasury Inflation-Indexed Bonds | 1.44% | 2.29% | 1.44% |
| U.S. Treasury Inflation-Indexed Bonds | 1.22% | 1.94% | 1.22% |
| U.S. Treasury Inflation-Indexed Bonds | 1.14% | 1.83% | 1.14% |
| U.S. Treasury Inflation-Indexed Bonds | 1.09% | 1.73% | 1.09% |
Frequently Asked Questions
How much do SCHP and STIP overlap?
SCHP and STIP overlap by 51.3% of portfolio weight. They share 20 holdings (SCHP holds 48 positions and STIP holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHP and STIP?
The two portfolios are 51.3% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of SCHP and STIP?
The largest positions held by both funds are U.S. Treasury Inflation-Indexed Notes, U.S. Treasury Inflation-Indexed Notes, U.S. Treasury Inflation-Indexed Notes, U.S. Treasury Inflation-Indexed Notes and U.S. Treasury Inflation-Indexed Notes. Together the top 10 shared positions account for 62% of the total overlap.
What does SCHP own that STIP doesn't?
28 positions (48.3% of SCHP) are unique to SCHP, led by U.S. Treasury Inflation-Indexed Notes, U.S. Treasury Inflation-Indexed Notes and U.S. Treasury Inflation-Indexed Notes. In the other direction, 5 positions (14.7% of STIP) are unique to STIP.