VAIPX vs. VGLT
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Admiral Shares (VAIPX) and Vanguard Long-Term Treasury ETF (VGLT).
VAIPX is managed by Vanguard. It was launched on Jun 10, 2005. VGLT is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Long Treasury Index. It was launched on Nov 19, 2009.
Performance
VAIPX vs. VGLT - Performance Comparison
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VAIPX vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VAIPX Vanguard Inflation-Protected Securities Fund Admiral Shares | 0.30% | 6.87% | 1.85% | 3.83% | -11.92% | 5.69% | 10.96% | 8.16% | -1.39% | 2.91% |
VGLT Vanguard Long-Term Treasury ETF | -0.09% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Returns By Period
In the year-to-date period, VAIPX achieves a 0.30% return, which is significantly higher than VGLT's -0.09% return. Over the past 10 years, VAIPX has outperformed VGLT with an annualized return of 2.55%, while VGLT has yielded a comparatively lower -0.86% annualized return.
VAIPX
- 1D
- 0.66%
- 1M
- -1.41%
- YTD
- 0.30%
- 6M
- 0.40%
- 1Y
- 2.94%
- 3Y*
- 3.07%
- 5Y*
- 1.36%
- 10Y*
- 2.55%
VGLT
- 1D
- -0.03%
- 1M
- -3.99%
- YTD
- -0.09%
- 6M
- -0.50%
- 1Y
- 0.42%
- 3Y*
- -1.57%
- 5Y*
- -4.88%
- 10Y*
- -0.86%
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VAIPX vs. VGLT - Expense Ratio Comparison
VAIPX has a 0.10% expense ratio, which is higher than VGLT'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%.
Return for Risk
VAIPX vs. VGLT — Risk / Return Rank
VAIPX
VGLT
VAIPX vs. VGLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Admiral Shares (VAIPX) and Vanguard Long-Term Treasury ETF (VGLT). 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.
| VAIPX | VGLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.83 | 0.04 | +0.79 |
Sortino ratioReturn per unit of downside risk | 1.16 | 0.12 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.02 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 0.14 | +1.24 |
Martin ratioReturn relative to average drawdown | 4.17 | 0.31 | +3.86 |
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
| VAIPX | VGLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | 0.04 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | -0.34 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | -0.06 | +0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.19 | +0.32 |
Correlation
The correlation between VAIPX and VGLT is 0.76, 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.
Dividends
VAIPX vs. VGLT - Dividend Comparison
VAIPX's dividend yield for the trailing twelve months is around 4.46%, which matches VGLT's 4.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAIPX Vanguard Inflation-Protected Securities Fund Admiral Shares | 4.46% | 4.74% | 4.17% | 4.31% | 8.45% | 5.13% | 1.38% | 2.29% | 3.12% | 2.41% | 3.49% | 0.88% |
VGLT Vanguard Long-Term Treasury ETF | 4.49% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Drawdowns
VAIPX vs. VGLT - Drawdown Comparison
The maximum VAIPX drawdown since its inception was -15.04%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for VAIPX and VGLT.
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Drawdown Indicators
| VAIPX | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.04% | -46.18% | +31.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -8.48% | +5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -14.40% | -40.98% | +26.58% |
Max Drawdown (10Y)Largest decline over 10 years | -14.40% | -46.18% | +31.78% |
Current DrawdownCurrent decline from peak | -1.41% | -36.63% | +35.22% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -14.83% | +10.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 3.85% | -2.91% |
Volatility
VAIPX vs. VGLT - Volatility Comparison
The current volatility for Vanguard Inflation-Protected Securities Fund Admiral Shares (VAIPX) is 1.42%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 3.45%. This indicates that VAIPX experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAIPX | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 3.45% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.28% | 6.00% | -3.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 10.35% | -6.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 14.60% | -8.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 13.84% | -8.50% |