SCHP vs TIP: Holdings Overlap
Schwab · 48 holdings · $16.3B · as of 2026-03-31
iShares · 48 holdings · $14.7B · as of 2026-04-30
Holdings snapshots are 30 days apart (SCHP: 2026-03-31, TIP: 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 TIP?
Schwab U.S. TIPS ETF (SCHP, by Schwab) holds 48 positions; iShares TIPS Bond ETF (TIP, by iShares) holds 48. They have 48 holdings in common, and by portfolio weight the two funds are 98.2% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 98.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 48SCHP holds 48 · TIP holds 48
- Weight in Shared Holdings
- SCHP 100%·TIP 100%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
Every position in SCHP is also held by TIP, so it brings nothing the other fund doesn’t already own.
Only in TIP
Every position in TIP is also held by SCHP, so it brings nothing the other fund doesn’t already own.
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% |
| TIP | -0.3% | +0.8% | +1.8% | +3.7% | +0.3% | +2.4% | 4.97% |
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 TIP →
Shared Holdings(48)
The top 10 shared positions account for 36% 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 | 4.12% | 4.08% | 4.08% |
|---|---|---|---|
| U.S. Treasury Inflation-Indexed Notes | 4.07% | 4.02% | 4.02% |
| U.S. Treasury Inflation-Indexed Notes | 3.83% | 3.78% | 3.78% |
| U.S. Treasury Inflation-Indexed Notes | 3.65% | 3.61% | 3.61% |
| U.S. Treasury Inflation-Indexed Notes | 3.46% | 3.42% | 3.42% |
| U.S. Treasury Inflation-Indexed Notes | 3.44% | 3.39% | 3.39% |
| U.S. Treasury Inflation-Indexed Notes | 3.41% | 3.37% | 3.37% |
| U.S. Treasury Inflation-Indexed Notes | 3.39% | 3.35% | 3.35% |
| U.S. Treasury Inflation-Indexed Notes | 3.38% | 3.34% | 3.34% |
| U.S. Treasury Inflation-Indexed Notes | 3.33% | 3.29% | 3.29% |
| U.S. Treasury Inflation-Indexed Notes | 3.18% | 3.18% | 3.18% |
| U.S. Treasury Inflation-Indexed Notes | 3.22% | 3.17% | 3.17% |
| U.S. Treasury Inflation-Indexed Notes | 3.21% | 3.15% | 3.15% |
| U.S. Treasury Inflation-Indexed Notes | 3.10% | 3.04% | 3.04% |
| U.S. Treasury Inflation-Indexed Notes | 3.02% | 2.97% | 2.97% |
| U.S. Treasury Inflation-Indexed Notes | 3.02% | 2.95% | 2.95% |
| U.S. Treasury Inflation-Indexed Notes | 2.96% | 2.93% | 2.93% |
| U.S. Treasury Inflation-Indexed Notes | 2.93% | 2.90% | 2.90% |
| U.S. Treasury Inflation-Indexed Notes | 2.86% | 2.83% | 2.83% |
| U.S. Treasury Inflation-Indexed Notes | 2.73% | 2.68% | 2.68% |
| U.S. Treasury Inflation-Indexed Notes | 2.68% | 2.62% | 2.62% |
| U.S. Treasury Inflation-Indexed Notes | 2.63% | 2.60% | 2.60% |
| U.S. Treasury Inflation-Indexed Notes | 2.37% | 2.34% | 2.34% |
| U.S. Treasury Inflation-Indexed Notes | 2.37% | 2.34% | 2.34% |
| U.S. Treasury Inflation-Indexed Notes | 2.05% | 2.02% | 2.02% |
Frequently Asked Questions
How much do SCHP and TIP overlap?
SCHP and TIP overlap by 98.2% of portfolio weight. They share 48 holdings (SCHP holds 48 positions and TIP holds 48), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SCHP and TIP?
The two portfolios are 98.2% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of SCHP and TIP?
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 36% of the total overlap.
What does SCHP own that TIP doesn't?
Nothing. Every position in SCHP is also held by TIP. In the other direction, 0 positions (0.0% of TIP) are unique to TIP.