VAIPX vs. VTP
VAIPX (Vanguard Inflation-Protected Securities Fund Admiral Shares) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds from Vanguard. Their correlation of 0.94 suggests significant overlap in exposure. VAIPX charges 0.10%/yr vs 0.05%/yr for VTP.
Performance
VAIPX vs. VTP - Performance Comparison
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Returns By Period
In the year-to-date period, VAIPX achieves a 1.65% return, which is significantly higher than VTP's 1.55% return.
VAIPX
- 1D
- 0.00%
- 1M
- 0.13%
- YTD
- 1.65%
- 6M
- 1.27%
- 1Y
- 5.31%
- 3Y*
- 4.04%
- 5Y*
- 1.17%
- 10Y*
- 2.64%
VTP
- 1D
- -0.16%
- 1M
- -0.08%
- YTD
- 1.55%
- 6M
- 1.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VAIPX vs. VTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VAIPX Vanguard Inflation-Protected Securities Fund Admiral Shares | 1.65% | 2.31% |
VTP Vanguard Total Inflation-Protected Securities ETF | 1.55% | 2.27% |
Correlation
The correlation between VAIPX and VTP is 0.94, 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 | 0.94 |
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Return for Risk
VAIPX vs. VTP — Risk / Return Rank
VAIPX
VTP
VAIPX vs. VTP - 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 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.
| VAIPX | VTP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.28 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | — | — |
| Martin ratioReturn relative to average drawdown | 8.02 | — | — |
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 | VTP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 1.31 | -0.80 |
Drawdowns
VAIPX vs. VTP - Drawdown Comparison
The maximum VAIPX drawdown since its inception was -15.04%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for VAIPX and VTP.
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Drawdown Indicators
| VAIPX | VTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.04% | -1.92% | -13.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.05% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.52% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.40% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.40% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -0.30% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -3.81% | -0.52% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.65% | — | — |
Volatility
VAIPX vs. VTP - Volatility Comparison
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Volatility by Period
| VAIPX | VTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.38% | 3.26% | +0.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.99% | 3.26% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.32% | 3.26% | +2.06% |
VAIPX vs. VTP - Expense Ratio Comparison
VAIPX has a 0.10% 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
VAIPX vs. VTP - Dividend Comparison
VAIPX's dividend yield for the trailing twelve months is around 4.49%, more than VTP's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VAIPX Vanguard Inflation-Protected Securities Fund Admiral Shares | 4.49% | 4.74% | 4.17% | 4.31% | 8.45% | 5.13% | 1.38% | 2.29% | 3.12% | 2.41% | 3.49% | 0.88% |
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
With a correlation of 0.94, VAIPX and VTP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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