DFIP vs. VTP

Last updated Jun 25, 2026

DFIP (Dimensional Inflation-Protected Securities ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. DFIP is actively managed, while VTP is passively managed. With a 0.96 correlation, they move nearly in lockstep. DFIP charges 0.11%/yr vs 0.05%/yr for VTP.

Performance

DFIP vs. VTP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Inflation-Protected Securities ETF (DFIP) and Vanguard Total Inflation-Protected Securities ETF (VTP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with DFIP having a 1.07% return and VTP slightly higher at 1.10%.

DFIP

• 1D: 0.37%
• 1M: 0.14%
• YTD: 1.07%
• 6M: 0.95%
• 1Y: 3.69%
• 3Y*: 3.99%
• 5Y*: —
• 10Y*: —

VTP

• 1D: 0.34%
• 1M: 0.22%
• YTD: 1.10%
• 6M: 1.02%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFIP vs. VTP - Yearly Performance Comparison

	2026 (YTD)	2025
DFIP Dimensional Inflation-Protected Securities ETF	1.07%	2.55%
VTP Vanguard Total Inflation-Protected Securities ETF	1.10%	2.46%

Correlation

The correlation between DFIP and VTP is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.96

Return for Risk

DFIP vs. VTP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFIP

DFIP Risk / Return Rank: 34
DFIP Sharpe Ratio Rank: 32
DFIP Sortino Ratio Rank: 32
DFIP Omega Ratio Rank: 30
DFIP Calmar Ratio Rank: 40
DFIP Martin Ratio Rank: 38

VTP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFIP vs. VTP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Inflation-Protected Securities ETF (DFIP) and Vanguard Total Inflation-Protected Securities ETF (VTP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DFIP	VTP	Difference
Sharpe ratio: Return per unit of total volatility	1.06	—	—
Sortino ratio: Return per unit of downside risk	1.59	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.80	—	—
Martin ratio: Return relative to average drawdown	5.28	—	—

Drawdowns

DFIP vs. VTP - Drawdown Comparison

The maximum DFIP drawdown since its inception was -14.96%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for DFIP and VTP.

Drawdown Indicators

	DFIP	VTP	Difference
Max Drawdown Largest peak-to-trough decline	-14.96%	-1.92%	-13.04%
Max Drawdown (1Y) Largest decline over 1 year	-2.06%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.82%	—	—
Current Drawdown Current decline from peak	-0.87%	-0.75%	-0.12%
Average Drawdown Average peak-to-trough decline	-6.87%	-0.52%	-6.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	—	—

Volatility

Volatility by Period

	DFIP	VTP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.51%	3.35%	+0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.79%	3.35%	+3.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.79%	3.35%	+3.44%

DFIP vs. VTP - Expense Ratio Comparison

DFIP has a 0.11% expense ratio, which is higher than VTP's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DFIP vs. VTP - Dividend Comparison

DFIP's dividend yield for the trailing twelve months is around 4.65%, more than VTP's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021
DFIP Dimensional Inflation-Protected Securities ETF	4.65%	4.70%	3.69%	3.68%	5.97%	0.56%
VTP Vanguard Total Inflation-Protected Securities ETF	1.62%	1.56%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DFIP and VTP in my portfolio?

With a correlation of 0.96, DFIP and VTP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, DFIP or VTP?

On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFIP or VTP?

VTP is cheaper with a 0.05% expense ratio, compared with 0.11% for DFIP.

Which ETF pays a higher dividend yield, DFIP or VTP?

DFIP has the higher dividend yield at 4.65%, compared with 1.62% for VTP.

What is the main difference between DFIP and VTP?

They also come from different issuers: Dimensional and Vanguard. Their fees differ too: 0.11% for DFIP and 0.05% for VTP.