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PQTSX vs. VTIPX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PQTSX vs. VTIPX

Last updated Apr 1, 2026

Compare and contrast key facts about PGIM TIPS Fund (PQTSX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX).

PQTSX is managed by PGIM. It was launched on Nov 14, 2016. VTIPX is managed by Vanguard. It was launched on Oct 16, 2012.

Performance

PQTSX vs. VTIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM TIPS Fund (PQTSX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX). The values are adjusted to include any dividend payments, if applicable.

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PQTSX vs. VTIPX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PQTSX
PGIM TIPS Fund		0.12%6.58%1.74%2.34%-13.56%7.91%10.20%8.19%-1.64%0.92%
VTIPX
Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares		0.93%5.96%4.65%4.51%-2.93%5.21%4.85%4.74%0.49%0.72%

Returns By Period

In the year-to-date period, PQTSX achieves a 0.12% return, which is significantly lower than VTIPX's 0.93% return.

PQTSX

1D
0.60%
1M
-1.64%
YTD
0.12%
6M
0.04%
1Y
2.55%
3Y*
2.37%
5Y*
1.01%
10Y*
—

VTIPX

1D
0.28%
1M
0.04%
YTD
0.93%
6M
1.25%
1Y
3.76%
3Y*
4.58%
5Y*
3.40%
10Y*
2.97%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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PGIM TIPS Fund

Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares

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PQTSX vs. VTIPX - Expense Ratio Comparison

PQTSX has a 0.39% expense ratio, which is higher than VTIPX's 0.14% expense ratio.

PQTSX
PGIM TIPS Fund
VTIPX
Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares

Return for Risk

PQTSX vs. VTIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PQTSX
PQTSX Risk / Return Rank: 4444
Overall Rank
PQTSX Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
PQTSX Sortino Ratio Rank: 3838
Sortino Ratio Rank
PQTSX Omega Ratio Rank: 3232
Omega Ratio Rank
PQTSX Calmar Ratio Rank: 6565
Calmar Ratio Rank
PQTSX Martin Ratio Rank: 4343
Martin Ratio Rank
VTIPX
VTIPX Risk / Return Rank: 9595
Overall Rank
VTIPX Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
VTIPX Sortino Ratio Rank: 9696
Sortino Ratio Rank
VTIPX Omega Ratio Rank: 9494
Omega Ratio Rank
VTIPX Calmar Ratio Rank: 9898
Calmar Ratio Rank
VTIPX Martin Ratio Rank: 9696
Martin Ratio Rank
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.

PQTSX vs. VTIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM TIPS Fund (PQTSX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX). 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.

PQTSXVTIPXDifference

Sharpe ratio

Return per unit of total volatility

0.86

2.19

-1.33

Sortino ratio

Return per unit of downside risk

1.23

3.29

-2.07

Omega ratio

Gain probability vs. loss probability

1.16

1.47

-0.31

Calmar ratio

Return relative to maximum drawdown

1.51

4.39

-2.88

Martin ratio

Return relative to average drawdown

4.50

14.13

-9.63

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PQTSX vs. VTIPX - Sharpe Ratio Comparison

The current PQTSX Sharpe Ratio is 0.86, which is lower than the VTIPX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of PQTSX and VTIPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PQTSXVTIPXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.86

2.19

-1.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.16

1.28

-1.12

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.34

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.39

1.00

-0.61

Correlation

The correlation between PQTSX and VTIPX is 0.75, 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.

Dividends

PQTSX vs. VTIPX - Dividend Comparison

PQTSX's dividend yield for the trailing twelve months is around 3.84%, more than VTIPX's 3.50% yield.

TTM2025202420232022202120202019201820172016
PQTSX
PGIM TIPS Fund		3.84%4.95%4.39%3.25%6.51%9.54%2.60%2.48%3.26%1.11%0.00%
VTIPX
Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares		3.50%3.70%2.60%2.76%6.74%4.59%1.11%1.88%2.37%1.50%0.55%

Drawdowns

PQTSX vs. VTIPX - Drawdown Comparison

The maximum PQTSX drawdown since its inception was -16.40%, which is greater than VTIPX's maximum drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for PQTSX and VTIPX.

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Drawdown Indicators

PQTSXVTIPXDifference

Max Drawdown

Largest peak-to-trough decline

-16.40%

-5.36%

-11.04%

Max Drawdown (1Y)

Largest decline over 1 year

-2.81%

-0.95%

-1.86%

Max Drawdown (5Y)

Largest decline over 5 years

-16.40%

-5.36%

-11.04%

Max Drawdown (10Y)

Largest decline over 10 years

—

-5.36%

—

Current Drawdown

Current decline from peak

-4.31%

-0.32%

-3.99%

Average Drawdown

Average peak-to-trough decline

-4.90%

-1.13%

-3.77%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.95%

0.30%

+0.65%

Volatility

PQTSX vs. VTIPX - Volatility Comparison

PGIM TIPS Fund (PQTSX) has a higher volatility of 1.43% compared to Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) at 0.62%. This indicates that PQTSX's price experiences larger fluctuations and is considered to be riskier than VTIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PQTSXVTIPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.43%

0.62%

+0.81%

Volatility (6M)

Calculated over the trailing 6-month period

2.39%

0.96%

+1.43%

Volatility (1Y)

Calculated over the trailing 1-year period

4.42%

1.81%

+2.61%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.32%

2.66%

+3.66%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.69%

2.22%

+3.47%