SCHP vs SGOV: Performance, Holdings, Fees & Risk
SCHP and SGOV are ETFs, but they can differ materially in exposure, yield, fees and risk. SCHP is Schwab US TIPS ETF, while SGOV is iShares 0-3 Month Treasury Bond ETF. SCHP is broader by holdings count, with 49 positions versus 24 for SGOV. SCHP has the lower expense ratio. Current AlgovestIQ evidence has SGOV ahead on AIQ Score, 60 versus 58.
| Metric | SCHP | SGOV |
|---|---|---|
| Fund | ||
| Expense ratio | 0.03% | 0.09% |
| Holdings | 49 | 24 |
| Distribution yieldTrailing 12 months | 4.94% | 3.64% |
| Average volume | 5,337,835 | 20,897,619 |
| Performance | ||
| 1Y return | -6% | +0.1% |
| YTD return | -4% | +0.2% |
| 5Y annualized returnTotal return, distributions reinvested | +0% | +3.8% |
| Risk | ||
| Annualized volatility | 3.9% | 1% |
| Max drawdown (1Y) | -7.6% | -0.4% |
| Max drawdown (5Y)Total return, distributions reinvested | -14.3% | 0% |
| Beta | 0.07 | -0.01 |
| Sharpe ratio | -2.54 | -3.85 |
| Sortino ratio | -3.18 | -3.24 |
| AlgovestIQ | ||
| AIQ Score | 58/100 | 60/100 |
| AIQ Edge Score | 7/10 | 8/10 |
| Momentum | 59/100 | 55/100 |
| Risk Resilience | 84/100 | 66/100 |
AlgovestIQ AIQ Comparison
Schwab US TIPS ETF vs iShares 0-3 Month Treasury Bond ETF
SGOV leads
SGOV leads by 2 AIQ points, primarily on Quality and Value, but the lead has narrowed from 17 points over 30 sessions.
Fragile: 2 of 4 evidence groups support SGOV, its lead is narrowing, and its current signal state is conflicted.
Schwab US TIPS ETF
iShares 0-3 Month Treasury Bond ETF
The Algovestiq AIQ Score currently favors SGOV over SCHP, 60 versus 58 as of Oct 21, 2026. SGOV's advantage is driven primarily by stronger quality and value, while SCHP holds the stronger risk resilience profile. SGOV also shows the stronger technical structure relative to its 50-day moving average. 2 of 4 covered evidence groups favor SGOV today, and the comparison is rated Fragile on stability: the AIQ gap is narrow at 2 points. SGOV lead: Weakening — the AIQ differential moved from 17 to 2 points over 30 sessions.
Compare Schwab US TIPS ETF and iShares 0-3 Month Treasury Bond ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
SCHP vs SGOV: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | SCHP | SGOV | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.03% | 0.09% | SCHP |
| Broader diversificationNumber of holdings | 49 | 24 | SCHP |
| Higher incomeTrailing 12-month distribution yield | 4.94% | 3.64% | SCHP |
| Smaller drawdownsMax drawdown, 5 years | -14.3% | 0% | SGOV |
| Lower volatilityAnnualized volatility, 1 year | 3.9% | 1% | SGOV |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare SCHP and SGOV against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Risk Resilience84 vs 66SCHP +18
- Quality67 vs 76SGOV +9
- Value36 vs 45SGOV +9
- Momentum59 vs 55SCHP +4
2 of 4 evidence groups favor SGOV. SGOV’s edge is concentrated in quality and value; SCHP keeps a meaningful risk resilience edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +1, not enough on its own to move the overall score.
New signals
- Keltner Channel Breakout — bullish, volatility, short horizon
- RSI Overbought — bearish, momentum, short horizon
Largest factor move: Momentum +2
New signals
- Keltner Channel Breakout — bullish, volatility, short horizon
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
SGOV's lead widened by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — SCHP and SGOV both carry a full feed there.
The central trade-off
SGOV (iShares 0-3 Month Treasury Bond ETF): the stronger current systematic profile, led by quality and value.
SCHP (Schwab US TIPS ETF): the counter-case, on risk resilience, momentum.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | SCHP | SGOV | Why it matters |
|---|---|---|---|
| Expense ratio | 0.03% | 0.09% | Lower is better — it compounds against you every year you hold. |
| Holdings | 49 | 24 | More holdings means broader diversification, not better returns. |
| Average volume | 5,337,835 | 20,897,619 | Liquidity — matters most if you trade size. |
| Annualized volatility | 3.9% | 1% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -7.6% | -0.4% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -2.54 | -3.85 | Return per unit of risk. Higher is better. |
| Beta | 0.07 | -0.01 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
AIQ Agreement Matrix
2 of 4 covered evidence groups favor SGOV. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 58 vs 60 |
| Fundamentals | Not covered | Not covered |
| Valuation | SGOV | Value 36 vs 45 |
| Technicals | SGOV | Price vs 50-day -0.5% vs 0.1%; vs 200-day -3.4% vs 0.1% |
| Risk Resilience | SCHP | Risk Resilience 84 vs 66 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of SCHP and SGOV and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is narrow at 2 points. (argues the conclusion is provisional)
- Only 2 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The leader's advantage has been narrowing. (argues the conclusion is provisional)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on SGOV.
How the comparison changed
120 daily snapshots · Jun 21 – Oct 20SGOV lead: Weakening — the AIQ differential moved from 17 to 2 points over 30 sessions.
- Today
- SGOV +2
- 58 vs 60
- 7 sessions ago
- SGOV +3
- 56 vs 59
- 30 sessions ago
- SGOV +17
- 49 vs 66
- 90 sessions ago
- SGOV +9
- 50 vs 59
The lead changed hands 11 times in this window, most recently on Aug 17 when SGOV moved ahead of SCHP.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
2 bullish / 4 bearish / 1 neutral, conflicted
Only SCHP
- Death Cross Active — bearish, trend, long horizon (2.92%)
- RSI Overbought — bearish, momentum, short horizon
- Downtrend Structure Active — bearish, trend, long horizon
6 bullish / 1 bearish / 2 neutral, conflicted
Only SGOV
- Golden Cross Active — bullish, trend, long horizon (0.02%)
- EMA Ribbon Compression — neutral, trend, medium horizon
- EMA Ribbon Expansion Bullish — bullish, trend, medium horizon
- 52-Week High Proximity — bullish, risk, long horizon (0.1%)
- Uptrend Structure Active — bullish, trend, long horizon
Both carry 4 more signals that do not separate them: ATR Contraction - Coiling, Keltner Channel Breakout, 52-Week Low Proximity, MACD Bullish Crossover.
SGOV leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.08%, AIQ 0 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +0.01%, AIQ +1 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1SCHP closes the Quality gap — currently 9 points behind, the largest single contributor to SGOV's edge.
- 2SCHP's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3SGOV's conflicting signal state resolves bearish — it currently carries 6 bullish and 1 bearish rules at once.
- 4The narrowing continues — the lead has already given back 15 points over 30 sessions, and a further 2-point move would eliminate SGOV's advantage entirely.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
SGOV leads 5 of 6 windows| Metric | SCHP | SGOV |
|---|---|---|
| 1 week (5 sessions) | 0.9% | 0.1% |
| 1 month (20 sessions) | -0.3% | 0% |
| 3 months (63 sessions) | -2.7% | 0% |
| 6 months (126 sessions) | -5% | 0% |
| Year to date | -4% | 0.2% |
| 1 year (252 sessions) | -6% | 0.1% |
Technicals
SGOV has the stronger structure| Metric | SCHP | SGOV |
|---|---|---|
| RSI (14) | 73.8 | 42.6 |
| ADX (14) | 35.9 | 16.2 |
| Price vs 50-day | -0.5% | 0.1% |
| Price vs 200-day | -3.4% | 0.1% |
| Volatility (1M, annualized) | 4.8% | 1% |
Risk
SCHP is the more resilient| Metric | SCHP | SGOV |
|---|---|---|
| Beta | 0.07 | -0.01 |
| Sharpe ratio | -2.54 | -3.85 |
| Sortino ratio | -3.18 | -3.24 |
| Max drawdown | -7.6% | -0.4% |
| Current drawdown | -6.3% | -0.1% |
| Annualized volatility | 3.9% | 1% |
| Value at risk (95%) | -0.4% | 0% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
Which ETF is more diversified, SCHP or SGOV?
SCHP holds more positions: 49 versus 24 for SGOV.
Which has the lower expense ratio?
SCHP has the lower expense ratio, 0.03% a year against 0.09% for SGOV.
Which ETF has the higher distribution yield?
SCHP, with a trailing 12-month distribution yield of 4.94% against 3.64% for SGOV.
Which ETF has been more volatile?
SCHP has been more volatile over the past year, at 3.9% annualized against 1% for SGOV.
Which ETF has had the smaller drawdown?
SGOV fell less from peak to trough over the past five years: 0% against -14.3% for SCHP.
Compare SCHP and SGOV with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.