TIPX vs. VTP

Last updated Jun 4, 2026

TIPX (SPDR Bloomberg Barclays 1-10 Year TIPS ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds - TIPX tracks the Bloomberg US Govt Inflation-Linked (1-10 Y) while VTP tracks the ICE U.S. Treasury Inflation Linked Bond Index 0-5. Both are passively managed. Their correlation of 0.87 suggests significant overlap in exposure. TIPX charges 0.15%/yr vs 0.05%/yr for VTP.

Performance

TIPX vs. VTP - 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 Total Inflation-Protected Securities ETF (VTP). 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 VTP's 1.55% 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%

VTP

• 1D: -0.16%
• 1M: -0.08%
• YTD: 1.55%
• 6M: 1.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TIPX vs. VTP - Yearly Performance Comparison

	2026 (YTD)	2025
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF	1.72%	2.12%
VTP Vanguard Total Inflation-Protected Securities ETF	1.55%	2.27%

Correlation

The correlation between TIPX and VTP is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.87

Return for Risk

TIPX vs. VTP — 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

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. VTP - 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 Total Inflation-Protected Securities ETF (VTP). 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	VTP	Difference
Sharpe ratio: Return per unit of total volatility	1.94	—	—
Sortino ratio: Return per unit of downside risk	3.04	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	3.92	—	—
Martin ratio: Return relative to average drawdown	13.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TIPX	VTP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	1.31	-0.81

Drawdowns

TIPX vs. VTP - Drawdown Comparison

The maximum TIPX drawdown since its inception was -10.06%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for TIPX and VTP.

Drawdown Indicators

	TIPX	VTP	Difference
Max Drawdown Largest peak-to-trough decline	-10.06%	-1.92%	-8.14%
Max Drawdown (1Y) Largest decline over 1 year	-1.29%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-2.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-10.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-10.06%	—	—
Current Drawdown Current decline from peak	-0.30%	-0.30%	0.00%
Average Drawdown Average peak-to-trough decline	-2.28%	-0.52%	-1.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.38%	—	—

Volatility

Volatility by Period

	TIPX	VTP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.61%	3.26%	-0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.64%	3.26%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.37%	3.26%	+1.11%

TIPX vs. VTP - Expense Ratio Comparison

TIPX has a 0.15% expense ratio, which is higher than VTP's 0.05% 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. VTP - Dividend Comparison

TIPX's dividend yield for the trailing twelve months is around 4.54%, more than VTP's 1.61% 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%
VTP Vanguard Total Inflation-Protected Securities ETF	1.61%	1.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TIPX and VTP in my portfolio?

TIPX and VTP have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TIPX or VTP?

On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TIPX or VTP?

VTP is cheaper with a 0.05% expense ratio, compared with 0.15% for TIPX.

Which ETF pays a higher dividend yield, TIPX or VTP?

TIPX has the higher dividend yield at 4.54%, compared with 1.61% for VTP.

What is the main difference between TIPX and VTP?

TIPX tracks Bloomberg US Govt Inflation-Linked (1-10 Y), while VTP tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for TIPX and 0.05% for VTP.