GTIP vs. VTP
GTIP (Goldman Sachs Access Inflation Protected USD Bond ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds - GTIP tracks the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index while VTP tracks the ICE U.S. Treasury Inflation Linked Bond Index 0-5. Both are passively managed. With a 0.95 correlation, they move nearly in lockstep. GTIP charges 0.12%/yr vs 0.05%/yr for VTP.
Performance
GTIP vs. VTP - Performance Comparison
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Returns By Period
In the year-to-date period, GTIP achieves a 1.21% return, which is significantly higher than VTP's 1.10% return.
GTIP
- 1D
- 0.34%
- 1M
- 0.24%
- YTD
- 1.21%
- 6M
- 1.07%
- 1Y
- 3.65%
- 3Y*
- 3.74%
- 5Y*
- 0.98%
- 10Y*
- —
VTP
- 1D
- 0.34%
- 1M
- 0.22%
- YTD
- 1.10%
- 6M
- 1.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GTIP vs. VTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 1.21% | 2.42% |
VTP Vanguard Total Inflation-Protected Securities ETF | 1.10% | 2.46% |
Correlation
The correlation between GTIP and VTP is 0.95 - 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 | 0.95 |
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Return for Risk
GTIP vs. VTP — Risk / Return Rank
GTIP
VTP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GTIP vs. VTP - 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 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.
| GTIP | VTP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | — | — |
| Martin ratioReturn relative to average drawdown | 5.63 | — | — |
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Drawdowns
GTIP vs. VTP - Drawdown Comparison
The maximum GTIP drawdown since its inception was -14.31%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for GTIP and VTP.
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Drawdown Indicators
| GTIP | VTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.31% | -1.92% | -12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.31% | — | — |
Current DrawdownCurrent decline from peak | -0.65% | -0.75% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -4.21% | -0.52% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | — | — |
Volatility
GTIP vs. VTP - Volatility Comparison
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Volatility by Period
| GTIP | VTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.37% | 3.35% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.05% | 3.35% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.00% | 3.35% | +2.65% |
GTIP vs. VTP - Expense Ratio Comparison
GTIP has a 0.12% 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
GTIP vs. VTP - Dividend Comparison
GTIP's dividend yield for the trailing twelve months is around 4.71%, more than VTP's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GTIP Goldman Sachs Access Inflation Protected USD Bond ETF | 4.71% | 4.58% | 3.52% | 2.77% | 6.47% | 3.82% | 1.04% | 2.34% | 0.66% |
VTP Vanguard Total Inflation-Protected Securities ETF | 1.62% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, GTIP 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.
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.
VTP is cheaper with a 0.05% expense ratio, compared with 0.12% for GTIP.
GTIP has the higher dividend yield at 4.71%, compared with 1.62% for VTP.
GTIP tracks FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index, while VTP tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.12% for GTIP and 0.05% for VTP.
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