DIPSX vs. VTIP

Last updated Jun 4, 2026

DIPSX (DFA Inflation-Protected Securities Portfolio) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds. Over the past 10 years, DIPSX returned 2.62%/yr vs 3.14%/yr for VTIP. A 0.75 correlation means they provide meaningful diversification when combined. DIPSX charges 0.11%/yr vs 0.03%/yr for VTIP.

Performance

DIPSX vs. VTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DFA Inflation-Protected Securities Portfolio (DIPSX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIPSX achieves a 1.80% return, which is significantly lower than VTIP's 2.05% return. Over the past 10 years, DIPSX has underperformed VTIP with an annualized return of 2.62%, while VTIP has yielded a comparatively higher 3.14% annualized return.

DIPSX

• 1D: 0.00%
• 1M: 0.18%
• YTD: 1.80%
• 6M: 1.36%
• 1Y: 4.08%
• 3Y*: 3.75%
• 5Y*: 0.94%
• 10Y*: 2.62%

VTIP

• 1D: 0.00%
• 1M: 0.04%
• YTD: 2.05%
• 6M: 2.03%
• 1Y: 4.70%
• 3Y*: 5.26%
• 5Y*: 3.37%
• 10Y*: 3.14%

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

DIPSX vs. VTIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DIPSX DFA Inflation-Protected Securities Portfolio	1.80%	5.77%	2.02%	3.93%	-12.26%	5.55%	11.65%	8.54%	-1.30%	3.28%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	2.05%	6.07%	4.74%	4.62%	-2.94%	5.36%	4.95%	4.86%	0.56%	0.82%

Correlation

The correlation between DIPSX and VTIP is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Oct 17, 2012	0.75

The correlation between DIPSX and VTIP has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.

Return for Risk

DIPSX vs. VTIP — Risk / Return Rank

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

DIPSX

DIPSX Risk / Return Rank: 20
DIPSX Sharpe Ratio Rank: 17
DIPSX Sortino Ratio Rank: 17
DIPSX Omega Ratio Rank: 17
DIPSX Calmar Ratio Rank: 28
DIPSX Martin Ratio Rank: 21

VTIP

VTIP Risk / Return Rank: 93
VTIP Sharpe Ratio Rank: 90
VTIP Sortino Ratio Rank: 95
VTIP Omega Ratio Rank: 93
VTIP Calmar Ratio Rank: 93
VTIP Martin Ratio Rank: 93

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.

DIPSX vs. VTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DFA Inflation-Protected Securities Portfolio (DIPSX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.

	DIPSX	VTIP	Difference
Sharpe ratio Return per unit of total volatility	1.16	3.15	-1.99
Sortino ratio Return per unit of downside risk	1.70	5.36	-3.66
Omega ratio Gain probability vs. loss probability	1.21	1.67	-0.46
Calmar ratio Return relative to maximum drawdown	1.98	6.75	-4.76
Martin ratio Return relative to average drawdown	5.53	26.06	-20.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DIPSX vs. VTIP - Sharpe Ratio Comparison

The current DIPSX Sharpe Ratio is 1.16, which is lower than the VTIP Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of DIPSX and VTIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DIPSX	VTIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	3.15	-1.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	1.22	-1.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	1.15	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.89	-0.57

Drawdowns

DIPSX vs. VTIP - Drawdown Comparison

The maximum DIPSX drawdown since its inception was -14.64%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for DIPSX and VTIP.

Drawdown Indicators

	DIPSX	VTIP	Difference
Max Drawdown Largest peak-to-trough decline	-14.64%	-6.27%	-8.37%
Max Drawdown (1Y) Largest decline over 1 year	-2.03%	-0.70%	-1.33%
Max Drawdown (3Y) Largest decline over 3 years	-4.75%	-0.98%	-3.77%
Max Drawdown (5Y) Largest decline over 5 years	-14.64%	-5.50%	-9.14%
Max Drawdown (10Y) Largest decline over 10 years	-14.64%	-6.27%	-8.37%
Current Drawdown Current decline from peak	-0.51%	-0.02%	-0.49%
Average Drawdown Average peak-to-trough decline	-4.55%	-1.04%	-3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	0.18%	+0.55%

Volatility

DIPSX vs. VTIP - Volatility Comparison

DFA Inflation-Protected Securities Portfolio (DIPSX) has a higher volatility of 0.87% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. This indicates that DIPSX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIPSX	VTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	0.43%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	2.26%	1.02%	+1.24%
Volatility (1Y) Calculated over the trailing 1-year period	3.50%	1.50%	+2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.36%	2.77%	+3.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.71%	2.74%	+2.97%

DIPSX vs. VTIP - Expense Ratio Comparison

DIPSX has a 0.11% expense ratio, which is higher than VTIP's 0.03% 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

DIPSX vs. VTIP - Dividend Comparison

DIPSX's dividend yield for the trailing twelve months is around 2.02%, less than VTIP's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DIPSX DFA Inflation-Protected Securities Portfolio	2.02%	2.43%	2.70%	3.73%	8.14%	4.86%	1.58%	2.12%	2.28%	2.64%	1.99%	0.69%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	3.58%	3.81%	2.70%	2.86%	6.84%	4.68%	1.20%	1.95%	2.45%	1.52%	0.76%	0.00%

Frequently Asked Questions

Can I hold both DIPSX and VTIP in my portfolio?

DIPSX and VTIP have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIPSX or VTIP?

DIPSX has higher volatility (0.87%) compared to VTIP (0.43%). In terms of maximum drawdown, DIPSX dropped -14.64% vs VTIP's -6.27%.

Which has better risk-adjusted returns?

VTIP currently has the higher Sharpe Ratio (3.15 vs 1.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.