SCHP’s worst drop since 2010 was 14%
Schwab US TIPS ETF (SCHP) fell 14% from Mar 2022 to Oct 2023. It took 3.6 years from that peak to close at a new high, in Oct 2025. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 188th of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2010 to now
How SCHP held up in each crash
| Crash | Years | SCHP | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −10.9% | −33.7% |
| 2022 rate shock | 2022 | −14.3% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how SCHP behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was SCHP’s maximum drawdown?
SCHP’s deepest fall since 2010 was 14.3%, from its high on March 8, 2022 to its low on October 6, 2023. The figure uses daily prices with dividends reinvested.
How long did SCHP take to recover?
3.6 years. SCHP first closed above its Mar 2022 high again on October 22, 2025.
Was SCHP riskier than the S&P 500?
Over the same years, SCHP’s worst drop was 14.3% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −13.8% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, August 6, 2010 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.