TIPX vs. VTP
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. Both are passively managed. Over the past year, TIPX returned 3.32% vs 3.25% for VTP. Their correlation of 0.88 suggests significant overlap in exposure. TIPX charges 0.15%/yr vs 0.05%/yr for VTP.
Performance
TIPX vs. VTP - Performance Comparison
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Returns By Period
In the year-to-date period, TIPX achieves a 1.17% return, which is significantly higher than VTP's 0.82% return.
TIPX
- 1D
- -0.13%
- 1M
- -0.33%
- 6M
- 1.01%
- YTD
- 1.17%
- 1Y
- 3.32%
- 3Y*
- 4.62%
- 5Y*
- 1.96%
- 10Y*
- 2.81%
VTP
- 1D
- -0.20%
- 1M
- -0.57%
- 6M
- 0.58%
- YTD
- 0.82%
- 1Y
- 3.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TIPX vs. VTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 1.17% | 2.39% |
VTP Vanguard Total Inflation-Protected Securities ETF | 0.82% | 2.46% |
Correlation
The correlation between TIPX and VTP is 0.88, 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 | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.88 |
The correlation between TIPX and VTP has been stable across timeframes, ranging from 0.88 to 0.88 - a consistent structural relationship.
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Return for Risk
TIPX vs. VTP — Risk / Return Rank
TIPX
VTP
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TIPX | VTP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.70 | +0.87 |
| Martin ratioReturn relative to average drawdown | 7.47 | 4.86 | +2.61 |
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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.
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Drawdown Indicators
| TIPX | VTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.06% | -1.92% | -8.14% |
Max Drawdown (1Y)Largest decline over 1 year | -1.29% | -1.92% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -2.35% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -10.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -10.06% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -1.01% | +0.17% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -0.53% | -1.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.44% | 0.67% | -0.23% |
Volatility
TIPX vs. VTP - Volatility Comparison
The current volatility for SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) is 1.00%, while Vanguard Total Inflation-Protected Securities ETF (VTP) has a volatility of 1.24%. This indicates that TIPX experiences smaller price fluctuations and is considered to be less risky than VTP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIPX | VTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.24% | -0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 2.47% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 3.36% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.63% | 3.35% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.32% | 3.35% | +0.97% |
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 5.17%, more than VTP's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 5.17% | 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 | 2.98% | 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
TIPX and VTP have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTP has higher volatility (1.24%) compared to TIPX (1.00%). In terms of maximum drawdown, TIPX dropped -10.06% vs VTP's -1.92%.
On 1-year performance, TIPX leads with 3.32% vs 3.25% for VTP. On fees, VTP is cheaper at 0.05% per year. On volatility, TIPX has been the lower-risk option at 1.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TIPX has performed better with a 3.32% return vs 3.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTP is cheaper with a 0.05% expense ratio, compared with 0.15% for TIPX.
TIPX has the higher dividend yield at 5.17%, compared with 2.98% for VTP.
TIPX tracks Bloomberg US Govt Inflation-Linked (1-10 Y), while VTP tracks ICE U.S. Treasury Inflation Linked Bond Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.15% for TIPX and 0.05% for VTP.
TIPX currently has the higher Sharpe Ratio (1.25 vs 0.97), 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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