Overview
The full US TIPS market — Treasury bonds whose principal rises with CPI — at 0.03%, the cheapest inflation protection in the ETF universe.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| TIPS | 0.125% TIPS 2031 | 3.4% |
| TIPS | 1.25% TIPS 2033 | 3.2% |
| TIPS | 0.625% TIPS 2032 | 3.1% |
| TIPS | 1.375% TIPS 2033 | 3.0% |
| TIPS | 0.125% TIPS 2030 | 2.9% |
| TIPS | 2.125% TIPS 2054 | 2.7% |
| TIPS | 1.75% TIPS 2034 | 2.6% |
| TIPS | 0.25% TIPS 2029 | 2.5% |
| TIPS | 2.375% TIPS 2028 | 2.4% |
| TIPS | 1.625% TIPS 2054 | 2.2% |
Fund Details
Investment Thesis
TIPS are the only asset that contractually pays you more when inflation runs — and after the 2022 repricing, real yields near 2% mean SCHP finally offers insurance you're paid to hold rather than paying for. The 2022 lesson matters: TIPS still carry duration, so they fall when real rates spike even as inflation rises. They hedge inflation over horizons, not headlines.
Who It's For
Retirement portfolios protecting future spending power, and anyone whose bond allocation is entirely nominal. The classic pairing is SCHP beside a standard Treasury or aggregate fund.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $25.99 | -- |
| 2017 | $26.25 | +1.0% |
| 2018 | $25.60 | -2.5% |
| 2019 | $27.13 | +6.0% |
| 2020 | $29.30 | +8.0% |
| 2021 | $30.48 | +4.0% |
| 2022 | $26.21 | -14.0% |
| 2023 | $26.60 | +1.5% |
| 2024 | $26.60 | +0.0% |
| 2025 | $27.40 | +3.0% |
| Year | Yield |
|---|---|
| 2016 | 1.50% |
| 2017 | 2.10% |
| 2018 | 2.60% |
| 2019 | 2.20% |
| 2020 | 1.20% |
| 2021 | 3.90% |
| 2022 | 6.50% |
| 2023 | 3.80% |
| 2024 | 3.30% |
| 2025 | 3.90% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $5B | -- |
| 2017 | $6B | +20.0% |
| 2018 | $6.5B | +8.3% |
| 2019 | $8B | +23.1% |
| 2020 | $11B | +37.5% |
| 2021 | $20B | +81.8% |
| 2022 | $14B | -30.0% |
| 2023 | $12B | -14.3% |
| 2024 | $13B | +8.3% |
| 2025 | $16B | +23.1% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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