PST vs. VTIP
Compare and contrast key facts about ProShares UltraShort 7-10 Year Treasury (PST) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
PST and VTIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PST is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-200%). It was launched on May 1, 2008. 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 PST 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: PST or VTIP.
Key characteristics
| PST | VTIP | |
|---|---|---|
| YTD Return | 12.92% | 0.81% |
| 1Y Return | 25.29% | 3.19% |
| 3Y Return (Ann) | 15.68% | 2.23% |
| 5Y Return (Ann) | 4.60% | 3.18% |
| 10Y Return (Ann) | -0.54% | 1.99% |
| Sharpe Ratio | 1.34 | 1.34 |
| Daily Std Dev | 17.02% | 2.57% |
| Max Drawdown | -79.25% | -6.27% |
| Current Drawdown | -63.90% | -0.17% |
Correlation
The correlation between PST and VTIP is -0.51. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PST vs. VTIP - Performance Comparison
In the year-to-date period, PST achieves a 12.92% return, which is significantly higher than VTIP's 0.81% return. Over the past 10 years, PST has underperformed VTIP with an annualized return of -0.54%, while VTIP has yielded a comparatively higher 1.99% annualized 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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PST vs. VTIP - Expense Ratio Comparison
PST has a 0.95% expense ratio, which is higher than VTIP's 0.04% expense ratio.
Risk-Adjusted Performance
PST vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) 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
PST vs. VTIP - Dividend Comparison
PST's dividend yield for the trailing twelve months is around 3.45%, more than VTIP's 3.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 3.45% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.33% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
PST vs. VTIP - Drawdown Comparison
The maximum PST drawdown since its inception was -79.25%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for PST and VTIP. For additional features, visit the drawdowns tool.
Volatility
PST vs. VTIP - Volatility Comparison
ProShares UltraShort 7-10 Year Treasury (PST) has a higher volatility of 4.59% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.55%. This indicates that PST'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.