SPYX vs. VTIPX
SPYX (State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF) and VTIPX (Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares) are both funds - SPYX is a S&P 500 fund tracking the S&P 500 Fossil Fuel Reserves Free Index, while VTIPX is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. 0-5 Year Treasury Inflation-Protected Securities Index. Both are passively managed. Over the past 10 years, SPYX returned 15.14%/yr vs 3.00%/yr for VTIPX. Their 0.08 correlation means their historical movements had little consistent relationship. SPYX charges 0.20%/yr vs 0.14%/yr for VTIPX.
Performance
SPYX vs. VTIPX - Performance Comparison
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Returns By Period
In the year-to-date period, SPYX achieves a 9.59% return, which is significantly higher than VTIPX's 1.77% return. Over the past 10 years, SPYX has outperformed VTIPX with an annualized return of 15.14%, while VTIPX has yielded a comparatively lower 3.00% annualized return.
SPYX
- 1D
- 0.71%
- 1M
- 0.25%
- 6M
- 8.41%
- YTD
- 9.59%
- 1Y
- 20.93%
- 3Y*
- 19.36%
- 5Y*
- 12.38%
- 10Y*
- 15.14%
- ALL TIME*
- 14.58%
VTIPX
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 1.24%
- YTD
- 1.77%
- 1Y
- 2.98%
- 3Y*
- 4.94%
- 5Y*
- 2.97%
- 10Y*
- 3.00%
- ALL TIME*
- 2.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.48M | $4.14M | $6.01M | |
| $0.00 | $0.00 | $0.00 |
SPYX vs. VTIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 9.59% | 17.87% | 25.46% | 26.38% | -19.59% | 28.06% | 19.87% | 31.62% | -4.26% | 23.25% |
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 1.77% | 5.96% | 4.65% | 4.51% | -2.93% | 5.21% | 4.85% | 4.74% | 0.49% | 0.72% |
Correlation
The correlation between SPYX and VTIPX is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.09 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2015 | 0.08 |
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Return for Risk
SPYX vs. VTIPX — Risk / Return Rank
SPYX
VTIPX
SPYX vs. VTIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) 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.
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.
| SPYX | VTIPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.43 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 4.57 | -2.63 |
| Martin ratioReturn relative to average drawdown | 8.39 | 13.78 | -5.40 |
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Drawdowns
SPYX vs. VTIPX - Drawdown Comparison
The maximum SPYX drawdown since its inception was -32.84%, which is greater than VTIPX's maximum drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for SPYX and VTIPX.
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Drawdown Indicators
| SPYX | VTIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.84% | -5.36% | -27.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.84% | -0.72% | -9.12% |
Max Drawdown (3Y)Largest decline over 3 years | -18.74% | -0.95% | -17.79% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -5.36% | -20.78% |
Max Drawdown (10Y)Largest decline over 10 years | -32.84% | -5.36% | -27.48% |
Current DrawdownCurrent decline from peak | -1.18% | -0.26% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -4.49% | -1.10% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 0.24% | +2.04% |
Volatility
SPYX vs. VTIPX - Volatility Comparison
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) has a higher volatility of 3.52% compared to Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) at 0.41%. This indicates that SPYX'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
| SPYX | VTIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.52% | 0.41% | +3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 10.34% | 1.24% | +9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.10% | 1.55% | +11.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.16% | 2.65% | +14.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 2.23% | +15.78% |
SPYX vs. VTIPX - Expense Ratio Comparison
SPYX has a 0.20% expense ratio, which is higher than VTIPX's 0.14% 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
SPYX vs. VTIPX - Dividend Comparison
SPYX's dividend yield for the trailing twelve months is around 0.86%, less than VTIPX's 4.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF | 0.86% | 0.91% | 1.05% | 1.21% | 1.41% | 1.04% | 1.33% | 1.56% | 1.92% | 1.68% | 1.91% | 0.16% |
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 4.04% | 3.70% | 2.60% | 2.76% | 6.74% | 4.59% | 1.11% | 1.88% | 2.37% | 1.50% | 0.55% | 0.00% |
Frequently Asked Questions
SPYX and VTIPX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPYX has higher volatility (3.52%) compared to VTIPX (0.41%). In terms of maximum drawdown, SPYX dropped -32.84% vs VTIPX's -5.36%.
VTIPX currently has the higher Sharpe Ratio (2.12 vs 1.46), 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.
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