SCHP - Schwab US TIPS ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
54.20
+0.03 (+0.06%)
At close: 4:00PM EDT
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Previous Close54.17
Open54.16
Bid0.00 x 1000
Ask0.00 x 2200
Day's Range54.11 - 54.20
52 Week Range54.02 - 56.10
Volume209,321
Avg. Volume338,720
Net Assets3.42B
NAV54.76
PE Ratio (TTM)N/A
Yield2.09%
YTD Return-1.00%
Beta (3y)0.93
Expense Ratio (net)0.05%
Inception Date2010-08-05
Trade prices are not sourced from all markets
  • Bond Yields Fall after April Inflation Data Release
    Market Realist7 days ago

    Bond Yields Fall after April Inflation Data Release

    US bond market investors were relieved after the US Bureau of Labor Statistics’ April report, published May 10, indicated a lower-than-expected inflation growth rate. The latest inflation (VTIP) report indicated that core inflation increased at a slower pace of 0.1% in April, boosting hopes for a slower pace of rate hikes from the Fed. At its May meeting, the Fed stated that it would continue tightening and inflation (TDTT) would reach 2% in future months. The decline in bond yields after the disappointing jobs and inflation reports could be temporary, as inflation expectations may be fueled by higher crude prices.

  • How April’s Inflation Data Relieved Markets
    Market Realist7 days ago

    How April’s Inflation Data Relieved Markets

    On May 10, the Bureau of Labor Statistics reported that US consumer prices rose 0.2% in April. In contrast, they fell 0.1% in March. The April growth kept the uptrend in inflation (TIP) growth intact. Over the last 12 months, US inflation has grown 2.5%, a steep increase from the 1.6% growth recorded in June 2017. Core inflation (VTIP), which excludes volatile food and energy prices, rose just 0.1%, the slowest growth since November 2017. Over the last 12 months, core inflation has grown 2.1%, above the 2% target rate set by the Fed.

  • Morningstar13 days ago

    Where Are the Benchmark-Beating Bond Funds?

    Longtime readers of Morningstar's research have heard us relentlessly beat the drum for funds that charge low fees. For all our manager research analysts' combing through historical portfolios, scrutinizing performance data, and grilling portfolio managers to formulate views on a fund's People and Process Pillars, there's no surer indicator that a fund has an advantage over its peers than a cheap price tag. Expenses are especially crucial to consider for fixed-income funds, because returns between bond funds tend to be more compressed.

  • Is the US Economy on Track to Meet the 2018 GDP Projections?
    Market Realist14 days ago

    Is the US Economy on Track to Meet the 2018 GDP Projections?

    In the May FOMC meeting, the US Federal Reserve observed that economic activity has been rising at a moderate pace. This trend was in line with the projections laid out in the summary of economic projections report released at its March meeting. In its most recent SEP release, the Fed upgraded its GDP growth outlook for 2018 by 0.2% to 2.7%, compared to the 2.5% growth outlook in December 2017 and a 2.1% forecast in September 2017.

  • Could there be a 4th Rate Hike in the Cards?
    Market Realist18 days ago

    Could there be a 4th Rate Hike in the Cards?

    The Bureau of Economic Analysis defines PCE (personal consumption expenditure) as the value of goods and services purchased by, or on behalf of, US residents. The Fed prefers this inflation (CPI) measure to assess price levels, as it reflects actual price increases for consumers.

  • Why Rising Inflation Failed to Raise Long-Term Yields
    Market Realistlast month

    Why Rising Inflation Failed to Raise Long-Term Yields

    The primary reason cited by the FOMC (Federal Open Market Committee) for holding off on interest rate hikes since 2016 was lagging inflation growth. Whenever the Fed signaled rate hikes, the yield curve flattened since investors were not convinced that inflation (TIP) growth would pick up the pace, which would limit the Fed’s ability to raise rates. The Fed has set a target of 2% inflation (VTIP) growth, at which point the economy is expected to be running at a normal pace.

  • US Job Openings Still Near Highs
    Market Realistlast month

    US Job Openings Still Near Highs

    The Bureau of Labor Statistics (or BLS) released the “Job Openings and Labor Turnover Survey” (or JOLTS) data for February on April 13. The data for this survey is collected by a monthly survey on job openings, the number of new employees hired, the number of employees who have quit, the number of employees asked to leave, and other job separations. The JOLTS report is an indication of the demand for workers in the United States.

  • Why Bond Yields Weren’t Affected by the March Inflation Report
    Market Realistlast month

    Why Bond Yields Weren’t Affected by the March Inflation Report

    The most recent inflation (VTIP) report indicated that core inflation moved closer to the Fed’s 2% target, which could translate into further rate hikes from the central bank. At its recent meeting, the Fed clearly stated that it would continue tightening if supported by economic data. If interest rates and inflation (SCHP) start rising, bond (BND) yields could rise in response and bond prices could fall. US bond yields were largely unaffected by the inflation report favoring higher rates.

  • Why Rising Inflation Could Pose a Threat to Equity Markets
    Market Realistlast month

    Why Rising Inflation Could Pose a Threat to Equity Markets

    On April 11, market participants expected a volatile session after the US inflation report, but, to their surprise, Donald Trump’s tweet earlier in the day about Syria and missiles pushed markets lower. Had there not been any geopolitical tensions, the market reaction could have been negative despite the lower headline number. A faster pace of rate hikes from the Fed may have contributed to the market performance that day. The Fed has been increasing interest (SCHP) rates at a slower pace in the last two years despite employment picking up, citing low inflation as the reason for its slower pace.

  • Why March’s Inflation Numbers Could Pressure the Fed
    Market Realistlast month

    Why March’s Inflation Numbers Could Pressure the Fed

    The US Bureau of Labor Statistics has reported that US consumer prices fell 0.1% in March. The labor department reported that the consumer price index fell 0.1% in March after rising 0.2% in February. Though the headline inflation (TIP) was lower than expected, core inflation (VTIP), which excludes volatile food and energy prices, rose 0.2% in March, marking a YoY (year-over-year) increase of 2.1%, above the Fed’s 2% target. This increase in core inflation, following strong growth by the producer price index in March, could translate to higher inflation in the coming months.

  • FOMC Members Are More Confident about Inflation
    Market Realistlast month

    FOMC Members Are More Confident about Inflation

    The March FOMC meeting minutes indicated that the staff and FOMC members turned bullish on inflation. According to the minutes, all of the FOMC members expected the 12-month inflation (TIP) to increase in the coming months. The FOMC staff review indicated that PCE (personal consumption expenditures) inflation remained below the 2% target.

  • FOMC on the Economic Situation: A Strong US Economy
    Market Realistlast month

    FOMC on the Economic Situation: A Strong US Economy

    In FOMC meeting minutes, a staff review of the economic situation is presented to the FOMC members. In the March meeting minutes, the FOMC staff review of the economy was stronger than the review presented at the January meeting. The short-term real GDP growth expectation was revised lower due to softness in recent economic data. The medium and long-term projections for economic growth were revised higher due to the expected positive impact of the recent federal budget and tax cuts. US unemployment is expected to remain below the longer-run natural rate. ...

  • Why the Fed Expects Unemployment to Fall to 3.6%
    Market Realist2 months ago

    Why the Fed Expects Unemployment to Fall to 3.6%

    The FOMC (Federal Open Market Committee), as part of its statutory mandate, seeks to foster maximum employment and stable prices (TIP). The efforts of the Fed with its accommodative monetary policy and excessive money printing helped bring back unemployment below the target rate of 4.5%. Over the last 12 months, unemployment levels have fallen to a 17-year low of 4.1%.

  • What’s the Fed’s View on Inflation Growth?
    Market Realist2 months ago

    What’s the Fed’s View on Inflation Growth?

    The FOMC’s (Federal Open Market Committee) March statement was released on Wednesday, March 21, 2018, and the outlook for the closely watched inflation remained muted. The statement indicated that on a 12-month basis, both inflation (CPI) and core inflation (which excludes food and energy) have continued to be below the 2% target rate. The summary of economic projections released along with the FOMC statement indicated minimal changes to the inflation growth outlook.

  • Why Did the Fed Upgrade Its GDP Forecast for 2018?
    Market Realist2 months ago

    Why Did the Fed Upgrade Its GDP Forecast for 2018?

    In its March FOMC (Federal Open Market Committee) meeting, the Fed increased the Federal funds rate by 25 basis points and released the upgraded economic projections through the Summary of Economic Projections (or SEP) report. The report is released by the FOMC and contains the members’ projections for GDP growth, inflation (TIP), unemployment, and the policy interest rate.

  • A Strengthening US Economy and a Cautious Fed
    Market Realist2 months ago

    A Strengthening US Economy and a Cautious Fed

    In the first policy meeting under new Fed chair Jerome Powell, the FOMC (Federal Open Market Committee) increased the interest rate by 0.25%. It increased the target range of the federal funds rate to 1.5%–1.75%, leaving the monetary policy stance accommodative in its effort to support a strong labor market and for inflation (TIP) to reach a sustained level of 2%. The decision to increase the US interest rate was unanimous with an 8–0 vote.

  • Why Odds of 4th Rate Hike Fell after February Inflation Report
    Market Realist2 months ago

    Why Odds of 4th Rate Hike Fell after February Inflation Report

    The US Bureau of Labor Statistics reported that US consumer prices increased marginally in February. The year-over-year increase in core inflation (TIP) was reported at 1.8%, unchanged from the January reading. The inflation (VTIP) reading for February was largely in line with expectations, which is easing investor fears about interest rates rising too quickly and impacting the growth rate of equity investments and depressing the value of bonds (BND).

  • Why FOMC Members’ View on Inflation Is Bad for Equity Markets
    Market Realist3 months ago

    Why FOMC Members’ View on Inflation Is Bad for Equity Markets

    The January FOMC meeting minutes indicated that the staff and the members turned bullish on inflation. The confidence of the members about inflation reaching the 2% target over the medium term was evident with the minutes stating that the staff expects core inflation (TIP) growth could be notably faster in 2018. The minutes indicated that almost all the members were of the view that inflation could move up to 2% over the medium term with no major risks to that outlook.

  • Rising Inflation Could Add to Market Anxiety
    Market Realist3 months ago

    Rising Inflation Could Add to Market Anxiety

    The CPI (consumer price index) measures the changes in prices at a consumer level. The CPI is the weighted average price of a basket of goods and services at the consumer level. The CPI includes food, medical care (XLV), transportation, housing, apparel, recreation, education and communication, and other goods.

  • Benzinga4 months ago

    This Day In Market History: US Treasury Introduces TIPS

    Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day 21 years ago, the U.S. Treasury introduced the first Treasury Inflation-Protected ...

  • Why Did the Consumer Price Index Rise in December?
    Market Realist4 months ago

    Why Did the Consumer Price Index Rise in December?

    The CPI (consumer price index) measures the price changes at a consumer level. The PPI (producer price index), which we discussed in the previous part, tracks the prices at a wholesale level. The CPI is a weighted average price of a basket of goods and services at the consumer level.

  • Market Realist5 months ago

    The Curious Case of Low Inflation in 2017

    The last statement from the US Fed, which was released with its recent rate hike decision, cited lower levels of inflation but hopes that the inflation target could be achieved in 2018.

  • Market Realist5 months ago

    Will US Unemployment Rate Fall below 4% in 2017?

    A lower unemployment rate is one of the key objectives of the Fed. In 2017, the unemployment rate fell, reaching 4.1% in its latest November reading.

  • Morningstar5 months ago

    Fight Inflation With This Low-Cost ETF

    Short-term TIPS offer an explicit, direct hedge against inflation, as measured by the U.S. Consumer Price Index.

  • Market Realist5 months ago

    The Primary Cause of Yield Curve Flattening

    The pace of interest rate hikes and inflation rate growth have a profound influence on the US yield curve. The US Fed has been communicating its intent to increase interest…