GTIP vs. VTIP
Compare and contrast key facts about Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
GTIP and VTIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GTIP is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index. It was launched on Oct 2, 2018. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both GTIP and VTIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GTIP or VTIP.
Key characteristics
| GTIP | VTIP | |
|---|---|---|
| YTD Return | 2.49% | 4.37% |
| 1Y Return | 5.62% | 6.48% |
| 3Y Return (Ann) | -2.29% | 2.10% |
| 5Y Return (Ann) | 2.05% | 3.51% |
| Sharpe Ratio | 1.32 | 3.16 |
| Sortino Ratio | 1.97 | 5.62 |
| Omega Ratio | 1.24 | 1.73 |
| Calmar Ratio | 0.53 | 4.45 |
| Martin Ratio | 6.17 | 25.76 |
| Ulcer Index | 1.06% | 0.27% |
| Daily Std Dev | 4.94% | 2.16% |
| Max Drawdown | -14.31% | -6.27% |
| Current Drawdown | -6.98% | -0.63% |
Correlation
The correlation between GTIP and VTIP is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GTIP vs. VTIP - Performance Comparison
In the year-to-date period, GTIP achieves a 2.49% return, which is significantly lower than VTIP's 4.37% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GTIP vs. VTIP - Expense Ratio Comparison
GTIP has a 0.12% expense ratio, which is higher than VTIP's 0.04% 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%.
Risk-Adjusted Performance
GTIP vs. VTIP - Risk-Adjusted Performance 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.
Dividends
GTIP vs. VTIP - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 3.27%, less than VTIP's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 3.27% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
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. For additional features, visit the drawdowns tool.
Volatility
GTIP vs. VTIP - Volatility Comparison
Goldman Sachs Access Inflation Protected USD Bond ETF (GTIP) has a higher volatility of 1.25% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.47%. 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.