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TIP vs. VV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TIP vs. VV

Last updated Jun 4, 2026

TIP (iShares TIPS Bond ETF) and VV (Vanguard Large-Cap ETF) are both exchange-traded funds - TIP is a Inflation-Protected Bonds fund tracking the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L), while VV is a Large Cap Growth Equities fund tracking the CRSP US Large Cap Index. Both are passively managed. Over the past 10 years, TIP returned 2.57%/yr vs 15.58%/yr for VV. At a correlation of -0.09, they often move in opposite directions. TIP charges 0.19%/yr vs 0.04%/yr for VV.

Performance

TIP vs. VV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares TIPS Bond ETF (TIP) and Vanguard Large-Cap ETF (VV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TIP achieves a 1.54% return, which is significantly lower than VV's 10.69% return. Over the past 10 years, TIP has underperformed VV with an annualized return of 2.57%, while VV has yielded a comparatively higher 15.58% annualized return.

TIP

1D
-0.18%
1M
-0.09%
YTD
1.54%
6M
1.06%
1Y
4.96%
3Y*
3.88%
5Y*
0.97%
10Y*
2.57%

VV

1D
-0.72%
1M
5.19%
YTD
10.69%
6M
10.54%
1Y
27.77%
3Y*
22.68%
5Y*
13.54%
10Y*
15.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

TIP vs. VV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TIP
iShares TIPS Bond ETF		1.54%6.77%1.65%3.80%-12.26%5.68%10.84%8.35%-1.42%2.92%
VV
Vanguard Large-Cap ETF		10.69%18.11%25.25%27.18%-19.91%27.41%21.04%31.25%-4.46%22.00%

Correlation

The correlation between TIP and VV is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.21

Correlation (3Y)
Calculated over the trailing 3-year period

0.21

Correlation (5Y)
Calculated over the trailing 5-year period

0.18

Correlation (10Y)
Calculated over the trailing 10-year period

0.07

Correlation (All Time)
Calculated using the full available price history since Feb 2, 2004

-0.09

The correlation between TIP and VV shifts across timeframes, from -0.09 (all time) to 0.21 (3 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares TIPS Bond ETF

Vanguard Large-Cap ETF

Often compared with TIP:
TIP vs. SCHPTIP vs. VTIPTIP vs. SGOVTIP vs. STIPTIP vs. FIPDXTIP vs. BNDTIP vs. IEF
Often compared with VV:
VV vs. VOOVV vs. FXAIXVV vs. VUGVV vs. VTVVV vs. VTIVV vs. VIGVV vs. SCHD

Return for Risk

TIP vs. VV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TIP
TIP Risk / Return Rank: 4444
Overall Rank
TIP Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
TIP Sortino Ratio Rank: 4444
Sortino Ratio Rank
TIP Omega Ratio Rank: 3939
Omega Ratio Rank
TIP Calmar Ratio Rank: 5050
Calmar Ratio Rank
TIP Martin Ratio Rank: 4545
Martin Ratio Rank
VV
VV Risk / Return Rank: 6767
Overall Rank
VV Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
VV Sortino Ratio Rank: 6868
Sortino Ratio Rank
VV Omega Ratio Rank: 6868
Omega Ratio Rank
VV Calmar Ratio Rank: 6060
Calmar Ratio Rank
VV Martin Ratio Rank: 7272
Martin Ratio Rank
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.

TIP vs. VV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) and Vanguard Large-Cap ETF (VV). 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.

TIPVVDifference
Sharpe ratioReturn per unit of total volatility
1.46
2.33

-0.87

Sortino ratioReturn per unit of downside risk
2.24
3.18

-0.94

Omega ratioGain probability vs. loss probability

1.26

1.42

-0.16

Calmar ratioReturn relative to maximum drawdown

2.52

3.03

-0.51

Martin ratioReturn relative to average drawdown

7.57

13.86

-6.28

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIP vs. VV - Sharpe Ratio Comparison

The current TIP Sharpe Ratio is 1.46, which is lower than the VV Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of TIP and VV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TIPVVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

2.33

-0.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.16

0.79

-0.63

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

0.86

-0.41

Sharpe Ratio (All Time)

Calculated using the full available price history

0.57

0.59

-0.02

Drawdowns

TIP vs. VV - Drawdown Comparison

The maximum TIP drawdown since its inception was -14.57%, smaller than the maximum VV drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for TIP and VV.

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Drawdown Indicators

TIPVVDifference

Max Drawdown

Largest peak-to-trough decline

-14.57%

-54.81%

+40.24%

Max Drawdown (1Y)

Largest decline over 1 year

-1.98%

-9.21%

+7.23%

Max Drawdown (3Y)

Largest decline over 3 years

-4.54%

-18.97%

+14.43%

Max Drawdown (5Y)

Largest decline over 5 years

-14.51%

-25.66%

+11.15%

Max Drawdown (10Y)

Largest decline over 10 years

-14.51%

-34.28%

+19.77%

Current Drawdown

Current decline from peak

-0.32%

-0.72%

+0.40%

Average Drawdown

Average peak-to-trough decline

-3.43%

-6.84%

+3.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.66%

2.01%

-1.35%

Volatility

TIP vs. VV - Volatility Comparison

The current volatility for iShares TIPS Bond ETF (TIP) is 0.89%, while Vanguard Large-Cap ETF (VV) has a volatility of 2.84%. This indicates that TIP experiences smaller price fluctuations and is considered to be less risky than VV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

TIPVVDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.89%

2.84%

-1.95%

Volatility (6M)

Calculated over the trailing 6-month period

2.29%

8.98%

-6.69%

Volatility (1Y)

Calculated over the trailing 1-year period

3.41%

11.99%

-8.58%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.21%

17.22%

-11.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.74%

18.19%

-12.45%

TIP vs. VV - Expense Ratio Comparison

TIP has a 0.19% expense ratio, which is higher than VV'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%.

Dividends

TIP vs. VV - Dividend Comparison

TIP's dividend yield for the trailing twelve months is around 3.76%, more than VV's 0.98% yield.

PositionTTM20252024202320222021202020192018201720162015
TIP
iShares TIPS Bond ETF		3.76%3.46%2.52%2.73%6.96%4.28%1.17%1.75%2.71%2.07%1.48%0.34%
VV
Vanguard Large-Cap ETF		0.98%1.08%1.24%1.41%1.66%1.19%1.46%1.81%2.09%1.75%1.98%1.96%

Frequently Asked Questions

TIP and VV have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VV has higher volatility (2.84%) compared to TIP (0.89%). In terms of maximum drawdown, TIP dropped -14.57% vs VV's -54.81%.

On 10-year performance, VV leads with 15.58% vs 2.57% for TIP. On fees, VV is cheaper at 0.04% per year. On volatility, TIP has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VV has performed better with a 15.58% return vs 2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VV is cheaper with a 0.04% expense ratio, compared with 0.19% for TIP.

TIP has the higher dividend yield at 3.76%, compared with 0.98% for VV.

TIP is categorized as Inflation-Protected Bonds, while VV is Large Cap Growth Equities. TIP tracks Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L), while VV tracks CRSP US Large Cap Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.19% for TIP and 0.04% for VV.

VV currently has the higher Sharpe Ratio (2.33 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.

Portfolio Optimizer

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