IBTL vs. VTIP
Compare and contrast key facts about iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
IBTL and VTIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTL is a passively managed fund by iShares that tracks the performance of the ICE 2031 Maturity US Treasury Index. It was launched on Jul 13, 2021. 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 IBTL 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: IBTL or VTIP.
Key characteristics
| IBTL | VTIP | |
|---|---|---|
| YTD Return | 1.41% | 4.46% |
| 1Y Return | 7.56% | 7.00% |
| 3Y Return (Ann) | -3.87% | 2.13% |
| Sharpe Ratio | 1.14 | 3.24 |
| Sortino Ratio | 1.70 | 5.79 |
| Omega Ratio | 1.20 | 1.76 |
| Calmar Ratio | 0.41 | 4.06 |
| Martin Ratio | 3.53 | 27.03 |
| Ulcer Index | 2.17% | 0.26% |
| Daily Std Dev | 6.71% | 2.16% |
| Max Drawdown | -20.92% | -6.27% |
| Current Drawdown | -12.67% | -0.55% |
Correlation
The correlation between IBTL and VTIP is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
IBTL vs. VTIP - Performance Comparison
In the year-to-date period, IBTL achieves a 1.41% return, which is significantly lower than VTIP's 4.46% 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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IBTL vs. VTIP - Expense Ratio Comparison
IBTL has a 0.07% 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
IBTL vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) 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
IBTL vs. VTIP - Dividend Comparison
IBTL's dividend yield for the trailing twelve months is around 4.64%, more than VTIP's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTL iShares iBonds Dec 2031 Term Treasury ETF | 4.64% | 3.05% | 2.37% | 0.70% | 0.00% | 0.00% | 0.00% | 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
IBTL vs. VTIP - Drawdown Comparison
The maximum IBTL drawdown since its inception was -20.92%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for IBTL and VTIP. For additional features, visit the drawdowns tool.
Volatility
IBTL vs. VTIP - Volatility Comparison
iShares iBonds Dec 2031 Term Treasury ETF (IBTL) has a higher volatility of 1.62% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.45%. This indicates that IBTL'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.