TBLL vs. VTSPX
Compare and contrast key facts about Invesco Short Term Treasury ETF (TBLL) and Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX).
TBLL is a passively managed fund by Invesco that tracks the performance of the ICE U.S. Treasury Short Bond Index. It was launched on Jan 10, 2017. VTSPX is managed by Vanguard. It was launched on Oct 17, 2012.
Performance
TBLL vs. VTSPX - Performance Comparison
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TBLL vs. VTSPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TBLL Invesco Short Term Treasury ETF | 0.81% | 4.21% | 5.11% | 5.01% | 1.11% | -0.01% | 0.93% | 2.20% | 1.85% | 0.62% |
VTSPX Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares | 0.97% | 6.06% | 4.75% | 4.61% | -2.82% | 5.32% | 4.99% | 4.82% | 0.59% | 0.58% |
Returns By Period
In the year-to-date period, TBLL achieves a 0.81% return, which is significantly lower than VTSPX's 0.97% return.
TBLL
- 1D
- 0.01%
- 1M
- 0.25%
- YTD
- 0.81%
- 6M
- 1.81%
- 1Y
- 3.99%
- 3Y*
- 4.66%
- 5Y*
- 3.22%
- 10Y*
- —
VTSPX
- 1D
- 0.28%
- 1M
- 0.04%
- YTD
- 0.97%
- 6M
- 1.36%
- 1Y
- 3.93%
- 3Y*
- 4.69%
- 5Y*
- 3.51%
- 10Y*
- 3.08%
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TBLL vs. VTSPX - Expense Ratio Comparison
TBLL has a 0.08% expense ratio, which is higher than VTSPX's 0.04% 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%.
Return for Risk
TBLL vs. VTSPX — Risk / Return Rank
TBLL
VTSPX
TBLL vs. VTSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Term Treasury ETF (TBLL) and Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX). 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.
| TBLL | VTSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 19.99 | 2.31 | +17.69 |
Sortino ratioReturn per unit of downside risk | 122.32 | 3.51 | +118.80 |
Omega ratioGain probability vs. loss probability | 52.75 | 1.51 | +51.24 |
Calmar ratioReturn relative to maximum drawdown | 105.93 | 4.69 | +101.24 |
Martin ratioReturn relative to average drawdown | 1,282.71 | 14.73 | +1,267.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TBLL | VTSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.99 | 2.31 | +17.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.22 | 1.32 | +5.90 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.18 | 1.05 | +3.13 |
Correlation
The correlation between TBLL and VTSPX is 0.10, 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
TBLL vs. VTSPX - Dividend Comparison
TBLL's dividend yield for the trailing twelve months is around 3.91%, more than VTSPX's 3.58% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TBLL Invesco Short Term Treasury ETF | 3.91% | 4.08% | 4.99% | 4.63% | 1.37% | 0.03% | 0.80% | 2.08% | 1.69% | 0.71% | 0.00% |
VTSPX Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares | 3.58% | 3.81% | 2.70% | 2.86% | 6.84% | 4.69% | 1.21% | 1.96% | 2.47% | 1.52% | 0.80% |
Drawdowns
TBLL vs. VTSPX - Drawdown Comparison
The maximum TBLL drawdown since its inception was -0.63%, smaller than the maximum VTSPX drawdown of -5.35%. Use the drawdown chart below to compare losses from any high point for TBLL and VTSPX.
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Drawdown Indicators
| TBLL | VTSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.63% | -5.35% | +4.72% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -0.92% | +0.88% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -5.35% | +4.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.35% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.28% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -0.14% | -1.02% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.29% | -0.29% |
Volatility
TBLL vs. VTSPX - Volatility Comparison
The current volatility for Invesco Short Term Treasury ETF (TBLL) is 0.05%, while Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) has a volatility of 0.60%. This indicates that TBLL experiences smaller price fluctuations and is considered to be less risky than VTSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TBLL | VTSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.60% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 0.12% | 0.96% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 1.78% | -1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.45% | 2.67% | -2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.56% | 2.23% | -1.67% |