RLY vs. VTIP
RLY (SPDR SSgA Multi-Asset Real Return ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - RLY is a Hedge Fund fund actively managed by State Street, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. RLY is actively managed, while VTIP is passively managed. Over the past 10 years, RLY returned 8.25%/yr vs 3.08%/yr for VTIP. At a 0.28 correlation, their price movements are largely independent. RLY charges 0.50%/yr vs 0.03%/yr for VTIP.
Performance
RLY vs. VTIP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RLY achieves a 14.36% return, which is significantly higher than VTIP's 1.76% return. Over the past 10 years, RLY has outperformed VTIP with an annualized return of 8.25%, while VTIP has yielded a comparatively lower 3.08% annualized return.
RLY
- 1D
- -0.06%
- 1M
- -2.10%
- YTD
- 14.36%
- 6M
- 16.24%
- 1Y
- 28.00%
- 3Y*
- 13.90%
- 5Y*
- 9.85%
- 10Y*
- 8.25%
VTIP
- 1D
- 0.00%
- 1M
- -0.18%
- YTD
- 1.76%
- 6M
- 1.89%
- 1Y
- 4.64%
- 3Y*
- 5.17%
- 5Y*
- 3.37%
- 10Y*
- 3.08%
RLY vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLY SPDR SSgA Multi-Asset Real Return ETF | 14.36% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.76% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
Correlation
The correlation between RLY and VTIP is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2012 | 0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RLY vs. VTIP — Risk / Return Rank
RLY
VTIP
RLY vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Multi-Asset Real Return ETF (RLY) 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.
| RLY | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.66 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 7.16 | 6.66 | +0.50 |
| Martin ratioReturn relative to average drawdown | 25.86 | 26.11 | -0.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| RLY | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 3.12 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 1.22 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | 1.13 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.89 | -0.52 |
Drawdowns
RLY vs. VTIP - Drawdown Comparison
The maximum RLY drawdown since its inception was -37.75%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for RLY and VTIP.
Loading charts...
Drawdown Indicators
| RLY | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.75% | -6.27% | -31.48% |
Max Drawdown (1Y)Largest decline over 1 year | -3.93% | -0.70% | -3.23% |
Max Drawdown (3Y)Largest decline over 3 years | -10.08% | -0.98% | -9.10% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -5.50% | -13.44% |
Max Drawdown (10Y)Largest decline over 10 years | -34.17% | -6.27% | -27.90% |
Current DrawdownCurrent decline from peak | -3.93% | -0.30% | -3.63% |
Average DrawdownAverage peak-to-trough decline | -9.45% | -1.04% | -8.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.18% | +0.91% |
Volatility
RLY vs. VTIP - Volatility Comparison
SPDR SSgA Multi-Asset Real Return ETF (RLY) has a higher volatility of 3.47% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.45%. This indicates that RLY'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.
Loading charts...
Volatility by Period
| RLY | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.47% | 0.45% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 1.05% | +7.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.34% | 1.50% | +8.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 2.78% | +10.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.83% | 2.74% | +11.09% |
RLY vs. VTIP - Expense Ratio Comparison
RLY has a 0.50% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Dividends
RLY vs. VTIP - Dividend Comparison
RLY's dividend yield for the trailing twelve months is around 2.93%, less than VTIP's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY SPDR SSgA Multi-Asset Real Return ETF | 2.93% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
Frequently Asked Questions
RLY and VTIP have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RLY has higher volatility (3.47%) compared to VTIP (0.45%). In terms of maximum drawdown, RLY dropped -37.75% vs VTIP's -6.27%.
On 10-year performance, RLY leads with 8.25% vs 3.08% for VTIP. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RLY has performed better with a 8.25% return vs 3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.50% for RLY.
VTIP has the higher dividend yield at 3.59%, compared with 2.93% for RLY.
RLY is categorized as Hedge Fund, while VTIP is Inflation-Protected Bonds. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.50% for RLY and 0.03% for VTIP.
VTIP currently has the higher Sharpe Ratio (3.12 vs 2.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for RLY and VTIP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer