TIP vs. VBIPX
Compare and contrast key facts about iShares TIPS Bond ETF (TIP) and Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX).
TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. VBIPX is managed by Vanguard. It was launched on Sep 29, 2011.
Performance
TIP vs. VBIPX - Performance Comparison
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TIP vs. VBIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 0.41% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | -0.32% | 6.12% | 3.78% | 4.45% | -5.68% | -1.17% | 4.73% | 4.89% | 1.38% | 1.21% |
Returns By Period
In the year-to-date period, TIP achieves a 0.41% return, which is significantly higher than VBIPX's -0.32% return. Over the past 10 years, TIP has outperformed VBIPX with an annualized return of 2.49%, while VBIPX has yielded a comparatively lower 1.87% annualized return.
TIP
- 1D
- 0.01%
- 1M
- -1.36%
- YTD
- 0.41%
- 6M
- 0.33%
- 1Y
- 2.82%
- 3Y*
- 2.98%
- 5Y*
- 1.24%
- 10Y*
- 2.49%
VBIPX
- 1D
- 0.20%
- 1M
- -1.25%
- YTD
- -0.32%
- 6M
- 0.88%
- 1Y
- 3.67%
- 3Y*
- 4.00%
- 5Y*
- 1.50%
- 10Y*
- 1.87%
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TIP vs. VBIPX - Expense Ratio Comparison
TIP has a 0.19% expense ratio, which is higher than VBIPX'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
TIP vs. VBIPX — Risk / Return Rank
TIP
VBIPX
TIP vs. VBIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX). 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.
| TIP | VBIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 1.71 | -1.03 |
Sortino ratioReturn per unit of downside risk | 0.95 | 2.83 | -1.88 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.35 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 2.80 | -1.62 |
Martin ratioReturn relative to average drawdown | 3.44 | 10.37 | -6.92 |
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
| TIP | VBIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.68 | 1.71 | -1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.52 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.79 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.57 | 0.78 | -0.21 |
Correlation
The correlation between TIP and VBIPX is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TIP vs. VBIPX - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 3.45%, less than VBIPX's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 2.80% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
VBIPX Vanguard Short-Term Bond Index Fund Institutional Plus | 3.63% | 3.86% | 3.40% | 2.01% | 1.40% | 1.26% | 1.82% | 2.27% | 2.04% | 1.69% | 1.53% | 1.46% |
Drawdowns
TIP vs. VBIPX - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.57%, which is greater than VBIPX's maximum drawdown of -8.72%. Use the drawdown chart below to compare losses from any high point for TIP and VBIPX.
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Drawdown Indicators
| TIP | VBIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.57% | -8.72% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.74% | -1.54% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -14.51% | -8.69% | -5.82% |
Max Drawdown (10Y)Largest decline over 10 years | -14.51% | -8.72% | -5.79% |
Current DrawdownCurrent decline from peak | -1.36% | -1.25% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -3.46% | -1.19% | -2.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.42% | +0.52% |
Volatility
TIP vs. VBIPX - Volatility Comparison
iShares TIPS Bond ETF (TIP) has a higher volatility of 1.41% compared to Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) at 0.75%. This indicates that TIP's price experiences larger fluctuations and is considered to be riskier than VBIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIP | VBIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.41% | 0.75% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 2.35% | 1.50% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 2.42% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.23% | 2.93% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.75% | 2.39% | +3.36% |