TIPX vs. VGIT
TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both exchange-traded funds - TIPX is a Inflation-Protected Bonds fund tracking the Bloomberg US Govt Inflation-Linked (1-10 Y), while VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index. Both are passively managed. Over the past 10 years, TIPX returned 2.97%/yr vs 1.23%/yr for VGIT. A 0.62 correlation means they provide meaningful diversification when combined. TIPX charges 0.15%/yr vs 0.03%/yr for VGIT.
Performance
TIPX vs. VGIT - Performance Comparison
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Returns By Period
In the year-to-date period, TIPX achieves a 1.72% return, which is significantly higher than VGIT's -0.46% return. Over the past 10 years, TIPX has outperformed VGIT with an annualized return of 2.97%, while VGIT has yielded a comparatively lower 1.23% annualized return.
TIPX
- 1D
- -0.05%
- 1M
- -0.17%
- YTD
- 1.72%
- 6M
- 1.48%
- 1Y
- 5.04%
- 3Y*
- 4.84%
- 5Y*
- 2.26%
- 10Y*
- 2.97%
VGIT
- 1D
- -0.19%
- 1M
- -0.16%
- YTD
- -0.46%
- 6M
- -0.60%
- 1Y
- 3.54%
- 3Y*
- 3.40%
- 5Y*
- 0.05%
- 10Y*
- 1.23%
TIPX vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 1.72% | 7.15% | 3.08% | 4.43% | -7.58% | 5.42% | 8.51% | 6.60% | -0.32% | 2.54% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.46% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | 7.71% | 6.19% | 1.35% | 1.70% |
Correlation
The correlation between TIPX and VGIT is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 31, 2013 | 0.62 |
The correlation between TIPX and VGIT shifts across timeframes, from 0.62 (all time) to 0.84 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
TIPX vs. VGIT — Risk / Return Rank
TIPX
VGIT
TIPX vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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.
| TIPX | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | 1.25 | +2.67 |
| Martin ratioReturn relative to average drawdown | 13.22 | 3.75 | +9.46 |
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
| TIPX | VGIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.94 | 1.05 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.01 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.27 | +0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.49 | +0.01 |
Drawdowns
TIPX vs. VGIT - Drawdown Comparison
The maximum TIPX drawdown since its inception was -10.06%, smaller than the maximum VGIT drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for TIPX and VGIT.
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Drawdown Indicators
| TIPX | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -16.05% | +5.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -2.83% | +1.54% |
Max Drawdown (3Y)Largest decline over 3 years | -2.45% | -4.34% | +1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -10.06% | -15.02% | +4.96% |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | -16.05% | +5.99% |
Current DrawdownCurrent decline from peak | -0.30% | -2.39% | +2.09% |
Average DrawdownAverage peak-to-trough decline | -2.28% | -3.52% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.38% | 0.94% | -0.56% |
Volatility
TIPX vs. VGIT - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) is 0.74%, while Vanguard Intermediate-Term Treasury ETF (VGIT) has a volatility of 1.05%. This indicates that TIPX experiences smaller price fluctuations and is considered to be less risky than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPX | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 1.05% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 2.33% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.61% | 3.38% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.64% | 5.38% | -0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 4.50% | -0.13% |
TIPX vs. VGIT - Expense Ratio Comparison
TIPX has a 0.15% expense ratio, which is higher than VGIT's 0.03% 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
TIPX vs. VGIT - Dividend Comparison
TIPX's dividend yield for the trailing twelve months is around 4.54%, more than VGIT's 3.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 4.54% | 3.78% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.53% | 1.90% | 2.84% | 1.04% | 0.06% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.87% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
TIPX and VGIT have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGIT has higher volatility (1.05%) compared to TIPX (0.74%). In terms of maximum drawdown, TIPX dropped -10.06% vs VGIT's -16.05%.
On 10-year performance, TIPX leads with 2.97% vs 1.23% for VGIT. On fees, VGIT is cheaper at 0.03% per year. On volatility, TIPX has been the lower-risk option at 0.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TIPX has performed better with a 2.97% return vs 1.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.15% for TIPX.
TIPX has the higher dividend yield at 4.54%, compared with 3.87% for VGIT.
TIPX is categorized as Inflation-Protected Bonds, while VGIT is Government Bonds. TIPX tracks Bloomberg US Govt Inflation-Linked (1-10 Y), while VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for TIPX and 0.03% for VGIT.
TIPX currently has the higher Sharpe Ratio (1.94 vs 1.05), 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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