TIPX vs. VTIP
Compare and contrast key facts about SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
TIPX and VTIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIPX is a passively managed fund by State Street that tracks the performance of the Bloomberg US Govt Inflation-Linked (1-10 Y). It was launched on May 29, 2013. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. Both TIPX and VTIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TIPX or VTIP.
Key characteristics
| TIPX | VTIP | |
|---|---|---|
| YTD Return | 3.72% | 4.61% |
| 1Y Return | 7.06% | 7.15% |
| 3Y Return (Ann) | -0.08% | 2.24% |
| 5Y Return (Ann) | 2.94% | 3.56% |
| 10Y Return (Ann) | 2.37% | 2.40% |
| Sharpe Ratio | 1.78 | 3.19 |
| Sortino Ratio | 2.74 | 5.64 |
| Omega Ratio | 1.34 | 1.74 |
| Calmar Ratio | 0.87 | 4.00 |
| Martin Ratio | 10.33 | 26.90 |
| Ulcer Index | 0.63% | 0.26% |
| Daily Std Dev | 3.66% | 2.17% |
| Max Drawdown | -10.06% | -6.27% |
| Current Drawdown | -1.29% | -0.41% |
Correlation
The correlation between TIPX and VTIP is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TIPX vs. VTIP - Performance Comparison
In the year-to-date period, TIPX achieves a 3.72% return, which is significantly lower than VTIP's 4.61% return. Both investments have delivered pretty close results over the past 10 years, with TIPX having a 2.37% annualized return and VTIP not far ahead at 2.40%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TIPX vs. VTIP - Expense Ratio Comparison
TIPX has a 0.15% expense ratio, which is higher than VTIP'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%.
Risk-Adjusted Performance
TIPX vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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.
Dividends
TIPX vs. VTIP - Dividend Comparison
TIPX's dividend yield for the trailing twelve months is around 3.29%, less than VTIP's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.29% | 3.57% | 6.07% | 4.26% | 1.73% | 2.53% | 1.90% | 2.85% | 1.04% | 0.06% | 1.52% | 0.25% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
TIPX vs. VTIP - Drawdown Comparison
The maximum TIPX drawdown since its inception was -10.06%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for TIPX and VTIP. For additional features, visit the drawdowns tool.
Volatility
TIPX vs. VTIP - Volatility Comparison
SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) has a higher volatility of 0.72% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. This indicates that TIPX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.