GTIP vs. VTIP
GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds - GTIP tracks the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index while VTIP tracks the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 5 years, GTIP returned 0.90%/yr vs 3.26%/yr for VTIP. A 0.79 correlation means they provide meaningful diversification when combined. GTIP charges 0.12%/yr vs 0.03%/yr for VTIP.
Performance
GTIP vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, GTIP achieves a 0.84% return, which is significantly lower than VTIP's 1.34% return.
GTIP
- 1D
- -0.49%
- 1M
- -0.13%
- YTD
- 0.84%
- 6M
- 0.90%
- 1Y
- 3.50%
- 3Y*
- 3.61%
- 5Y*
- 0.90%
- 10Y*
- —
VTIP
- 1D
- -0.18%
- 1M
- -0.24%
- YTD
- 1.34%
- 6M
- 1.46%
- 1Y
- 3.64%
- 3Y*
- 5.00%
- 5Y*
- 3.26%
- 10Y*
- 3.03%
GTIP vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 0.84% | 6.63% | 2.04% | 3.88% | -12.14% | 5.86% | 10.83% | 8.33% | 0.32% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.34% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | -0.09% |
Correlation
The correlation between GTIP and VTIP is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018 | 0.79 |
The correlation between GTIP and VTIP has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
GTIP vs. VTIP — Risk / Return Rank
GTIP
VTIP
GTIP vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) 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.
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.
| GTIP | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.47 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 5.12 | -3.38 |
| Martin ratioReturn relative to average drawdown | 5.43 | 18.66 | -13.22 |
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Drawdowns
GTIP vs. VTIP - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for GTIP and VTIP.
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Drawdown Indicators
| GTIP | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -6.27% | -8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -0.71% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -0.98% | -3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | -5.50% | -8.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -1.01% | -0.71% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -1.04% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | 0.20% | +0.45% |
Volatility
GTIP vs. VTIP - Volatility Comparison
Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has a higher volatility of 1.15% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.65%. This indicates that GTIP'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.
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Volatility by Period
| GTIP | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.65% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 1.17% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 1.58% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 2.77% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.00% | 2.74% | +3.26% |
GTIP vs. VTIP - Expense Ratio Comparison
GTIP has a 0.12% 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
GTIP vs. VTIP - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 4.73%, more than VTIP's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 4.73% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.61% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
GTIP and VTIP have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GTIP has higher volatility (1.15%) compared to VTIP (0.65%). In terms of maximum drawdown, GTIP dropped -14.31% vs VTIP's -6.27%.
On 5-year performance, VTIP leads with 3.26% vs 0.90% for GTIP. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VTIP has performed better with a 3.26% return vs 0.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.12% for GTIP.
GTIP has the higher dividend yield at 4.73%, compared with 3.61% for VTIP.
GTIP tracks FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.12% for GTIP and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (2.32 vs 1.05), 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.
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