VTIP vs SCHP: Holdings Overlap
VTIPVanguard Short-term Inflation-protected Securities Index Fund
Vanguard · 25 holdings · $19.9B · as of 2026-03-31
Schwab · 48 holdings · $16.3B · as of 2026-03-31
How similar are VTIP and SCHP?
Vanguard Short-term Inflation-protected Securities Index Fund (VTIP, by Vanguard) holds 25 positions; Schwab U.S. TIPS ETF (SCHP, by Schwab) holds 48. 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
- 20VTIP holds 25 · SCHP holds 48
- Weight in Shared Holdings
- VTIP 81%·SCHP 51%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 VTIP
5 of 25 positions (18.1% of the fund) are not held by SCHP.
- U.S. Treasury Inflation Linked Notes4.75%
- U.S. Treasury Inflation Linked Notes4.23%
- U.S. Treasury Inflation Linked Notes3.81%
- U.S. Treasury Inflation Linked Notes3.37%
- U.S. Treasury Inflation Linked Bonds1.95%
Only in SCHP
28 of 48 positions (48.3% of the fund) are not held by VTIP.
- 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%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VTIP | +0.1% | +1.9% | +3.0% | +5.0% | +3.1% | +3.1% | 4.15% |
| SCHP | -0.2% | +0.9% | +2.0% | +3.9% | +0.5% | +2.5% | 5.02% |
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 VTIP vs SCHP →
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 | 5.49% | 3.46% | 3.46% |
|---|---|---|---|
| U.S. Treasury Inflation-Indexed Notes | 5.46% | 3.44% | 3.44% |
| U.S. Treasury Inflation-Indexed Notes | 5.29% | 3.33% | 3.33% |
| U.S. Treasury Inflation-Indexed Notes | 5.11% | 3.22% | 3.22% |
| U.S. Treasury Inflation-Indexed Notes | 5.09% | 3.21% | 3.21% |
| U.S. Treasury Inflation-Indexed Notes | 4.91% | 3.10% | 3.10% |
| U.S. Treasury Inflation-Indexed Notes | 4.80% | 3.02% | 3.02% |
| U.S. Treasury Inflation-Indexed Notes | 4.79% | 3.02% | 3.02% |
| U.S. Treasury Inflation-Indexed Notes | 4.66% | 2.93% | 2.93% |
| U.S. Treasury Inflation-Indexed Notes | 4.54% | 2.86% | 2.86% |
| U.S. Treasury Inflation-Indexed Notes | 4.33% | 2.73% | 2.73% |
| U.S. Treasury Inflation-Indexed Notes | 4.26% | 2.68% | 2.68% |
| U.S. Treasury Inflation-Indexed Notes | 4.17% | 2.63% | 2.63% |
| U.S. Treasury Inflation-Indexed Notes | 3.77% | 2.37% | 2.37% |
| U.S. Treasury Inflation-Indexed Notes | 3.76% | 2.37% | 2.37% |
| U.S. Treasury Inflation-Indexed Notes | 3.25% | 2.05% | 2.05% |
| U.S. Treasury Inflation-Indexed Bonds | 2.28% | 1.44% | 1.44% |
| U.S. Treasury Inflation-Indexed Bonds | 1.94% | 1.22% | 1.22% |
| U.S. Treasury Inflation-Indexed Bonds | 1.82% | 1.14% | 1.14% |
| U.S. Treasury Inflation-Indexed Bonds | 1.74% | 1.09% | 1.09% |
Frequently Asked Questions
How much do VTIP and SCHP overlap?
VTIP and SCHP overlap by 51.3% of portfolio weight. They share 20 holdings (VTIP holds 25 positions and SCHP holds 48), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VTIP and SCHP?
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 VTIP and SCHP?
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 VTIP own that SCHP doesn't?
5 positions (18.1% of VTIP) are unique to VTIP, led by U.S. Treasury Inflation Linked Notes, U.S. Treasury Inflation Linked Notes and U.S. Treasury Inflation Linked Notes. In the other direction, 28 positions (48.3% of SCHP) are unique to SCHP.