SPYX vs. VTIPX

Last updated Apr 1, 2026

Compare and contrast key facts about State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX).

SPYX is a passively managed fund by State Street that tracks the performance of the S&P 500 Fossil Fuel Reserves Free Index. It was launched on Nov 30, 2015. VTIPX is managed by Vanguard. It was launched on Oct 16, 2012.

Performance

SPYX vs. VTIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX). The values are adjusted to include any dividend payments, if applicable.

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	-5.39%	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	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, SPYX achieves a -5.39% return, which is significantly lower than VTIPX's 0.93% return. Over the past 10 years, SPYX has outperformed VTIPX with an annualized return of 14.02%, while VTIPX has yielded a comparatively lower 2.97% annualized return.

SPYX

• 1D: 2.99%
• 1M: -5.43%
• YTD: -5.39%
• 6M: -2.85%
• 1Y: 17.05%
• 3Y*: 18.16%
• 5Y*: 11.21%
• 10Y*: 14.02%

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)

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%.

SPYX

State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF

VTIPX

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

Return for Risk

SPYX vs. VTIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYX

SPYX Risk / Return Rank: 61
SPYX Sharpe Ratio Rank: 54
SPYX Sortino Ratio Rank: 58
SPYX Omega Ratio Rank: 61
SPYX Calmar Ratio Rank: 62
SPYX Martin Ratio Rank: 69

VTIPX

VTIPX Risk / Return Rank: 95
VTIPX Sharpe Ratio Rank: 95
VTIPX Sortino Ratio Rank: 96
VTIPX Omega Ratio Rank: 94
VTIPX Calmar Ratio Rank: 98
VTIPX Martin Ratio Rank: 96

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.

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.

	SPYX	VTIPX	Difference
Sharpe ratio Return per unit of total volatility	0.92	2.19	-1.27
Sortino ratio Return per unit of downside risk	1.43	3.29	-1.87
Omega ratio Gain probability vs. loss probability	1.22	1.47	-0.25
Calmar ratio Return relative to maximum drawdown	1.49	4.39	-2.90
Martin ratio Return relative to average drawdown	6.70	14.13	-7.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYX vs. VTIPX - Sharpe Ratio Comparison

The current SPYX Sharpe Ratio is 0.92, which is lower than the VTIPX Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of SPYX 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.

Sharpe Ratios by Period

	SPYX	VTIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	2.19	-1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	1.28	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	1.34	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.75	1.00	-0.26

Correlation

The correlation between SPYX and VTIPX is 0.08, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPYX vs. VTIPX - Dividend Comparison

SPYX's dividend yield for the trailing twelve months is around 0.98%, less than VTIPX's 3.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPYX State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF	0.98%	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	3.50%	3.70%	2.60%	2.76%	6.74%	4.59%	1.11%	1.88%	2.37%	1.50%	0.55%	0.00%

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.

Drawdown Indicators

	SPYX	VTIPX	Difference
Max Drawdown Largest peak-to-trough decline	-32.84%	-5.36%	-27.48%
Max Drawdown (1Y) Largest decline over 1 year	-11.82%	-0.95%	-10.87%
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 Drawdown Current decline from peak	-7.14%	-0.32%	-6.82%
Average Drawdown Average peak-to-trough decline	-4.59%	-1.13%	-3.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	0.30%	+2.33%

Volatility

SPYX vs. VTIPX - Volatility Comparison

State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) has a higher volatility of 5.52% compared to Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) at 0.62%. 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.

Volatility by Period

	SPYX	VTIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.52%	0.62%	+4.90%
Volatility (6M) Calculated over the trailing 6-month period	9.71%	0.96%	+8.75%
Volatility (1Y) Calculated over the trailing 1-year period	18.63%	1.81%	+16.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.05%	2.66%	+14.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	2.22%	+15.77%