TIPX vs. VIPSX

Last updated Jun 4, 2026

TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) and VIPSX (Vanguard Inflation-Protected Securities Fund Investor Shares) are both Inflation-Protected Bonds funds. Over the past 10 years, TIPX returned 2.97%/yr vs 2.54%/yr for VIPSX. A 0.75 correlation means they provide meaningful diversification when combined. TIPX charges 0.15%/yr vs 0.20%/yr for VIPSX.

Performance

TIPX vs. VIPSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TIPX achieves a 1.72% return, which is significantly higher than VIPSX's 1.59% return. Over the past 10 years, TIPX has outperformed VIPSX with an annualized return of 2.97%, while VIPSX has yielded a comparatively lower 2.54% 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%

VIPSX

• 1D: 0.00%
• 1M: 0.08%
• YTD: 1.59%
• 6M: 1.20%
• 1Y: 5.19%
• 3Y*: 3.93%
• 5Y*: 1.07%
• 10Y*: 2.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TIPX vs. VIPSX - 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%
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares	1.59%	6.77%	1.74%	3.73%	-12.04%	5.57%	10.90%	8.06%	-1.48%	2.81%

Correlation

The correlation between TIPX and VIPSX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since May 31, 2013	0.75

The correlation between TIPX and VIPSX shifts across timeframes, from 0.75 (all time) to 0.92 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TIPX vs. VIPSX — Risk / Return Rank

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

TIPX

TIPX Risk / Return Rank: 66
TIPX Sharpe Ratio Rank: 57
TIPX Sortino Ratio Rank: 65
TIPX Omega Ratio Rank: 59
TIPX Calmar Ratio Rank: 77
TIPX Martin Ratio Rank: 71

VIPSX

VIPSX Risk / Return Rank: 32
VIPSX Sharpe Ratio Rank: 27
VIPSX Sortino Ratio Rank: 29
VIPSX Omega Ratio Rank: 25
VIPSX Calmar Ratio Rank: 43
VIPSX Martin Ratio Rank: 34

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.

TIPX vs. VIPSX - 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 Inflation-Protected Securities Fund Investor Shares (VIPSX). 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	VIPSX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.48	+0.46
Sortino ratio: Return per unit of downside risk	3.04	2.23	+0.81
Omega ratio: Gain probability vs. loss probability	1.36	1.26	+0.10
Calmar ratio: Return relative to maximum drawdown	3.92	2.50	+1.42
Martin ratio: Return relative to average drawdown	13.22	7.64	+5.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TIPX vs. VIPSX - Sharpe Ratio Comparison

The current TIPX Sharpe Ratio is 1.94, which is higher than the VIPSX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of TIPX and VIPSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TIPX	VIPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.48	+0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.18	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.48	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.76	-0.26

Drawdowns

TIPX vs. VIPSX - Drawdown Comparison

The maximum TIPX drawdown since its inception was -10.06%, smaller than the maximum VIPSX drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for TIPX and VIPSX.

Drawdown Indicators

	TIPX	VIPSX	Difference
Max Drawdown Largest peak-to-trough decline	-10.06%	-15.13%	+5.07%
Max Drawdown (1Y) Largest decline over 1 year	-1.29%	-2.02%	+0.73%
Max Drawdown (3Y) Largest decline over 3 years	-2.45%	-4.57%	+2.12%
Max Drawdown (5Y) Largest decline over 5 years	-10.06%	-14.55%	+4.49%
Max Drawdown (10Y) Largest decline over 10 years	-10.06%	-14.55%	+4.49%
Current Drawdown Current decline from peak	-0.30%	-0.11%	-0.19%
Average Drawdown Average peak-to-trough decline	-2.28%	-3.24%	+0.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	0.66%	-0.28%

Volatility

TIPX vs. VIPSX - Volatility Comparison

The current volatility for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) is 0.74%, while Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) has a volatility of 1.01%. This indicates that TIPX experiences smaller price fluctuations and is considered to be less risky than VIPSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TIPX	VIPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	1.01%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	1.79%	2.35%	-0.56%
Volatility (1Y) Calculated over the trailing 1-year period	2.61%	3.40%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.64%	5.99%	-1.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.37%	5.33%	-0.96%

TIPX vs. VIPSX - Expense Ratio Comparison

TIPX has a 0.15% expense ratio, which is lower than VIPSX's 0.20% expense ratio. Despite the difference, 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. VIPSX - Dividend Comparison

TIPX's dividend yield for the trailing twelve months is around 4.54%, more than VIPSX's 4.39% 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%
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares	4.39%	4.64%	4.07%	4.20%	8.34%	5.03%	1.28%	2.22%	3.03%	2.32%	3.38%	0.77%

Frequently Asked Questions

Can I hold both TIPX and VIPSX in my portfolio?

TIPX and VIPSX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TIPX or VIPSX?

VIPSX has higher volatility (1.01%) compared to TIPX (0.74%). In terms of maximum drawdown, TIPX dropped -10.06% vs VIPSX's -15.13%.

Which has better risk-adjusted returns?

TIPX currently has the higher Sharpe Ratio (1.94 vs 1.48), 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.