SPIP vs. VCLAX
Compare and contrast key facts about SPDR Portfolio TIPS ETF (SPIP) and Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX).
SPIP is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays US Government Inflation-linked Bond Index. It was launched on May 25, 2007. VCLAX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPIP or VCLAX.
Correlation
The correlation between SPIP and VCLAX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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SPIP vs. VCLAX - Performance Comparison
Key characteristics
SPIP:
1.38
VCLAX:
0.46
SPIP:
2.01
VCLAX:
0.64
SPIP:
1.24
VCLAX:
1.09
SPIP:
0.57
VCLAX:
0.32
SPIP:
4.20
VCLAX:
1.43
SPIP:
1.60%
VCLAX:
1.28%
SPIP:
4.90%
VCLAX:
4.00%
SPIP:
-15.38%
VCLAX:
-16.25%
SPIP:
-4.85%
VCLAX:
-2.39%
Returns By Period
In the year-to-date period, SPIP achieves a 4.18% return, which is significantly higher than VCLAX's -0.57% return. Both investments have delivered pretty close results over the past 10 years, with SPIP having a 2.31% annualized return and VCLAX not far ahead at 2.39%.
SPIP
4.18%
0.22%
0.72%
6.70%
1.58%
2.31%
VCLAX
-0.57%
-1.74%
-2.04%
2.55%
1.46%
2.39%
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SPIP vs. VCLAX - Expense Ratio Comparison
SPIP has a 0.12% expense ratio, which is higher than VCLAX's 0.09% 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
SPIP vs. VCLAX — Risk-Adjusted Performance Rank
SPIP
VCLAX
SPIP vs. VCLAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio TIPS ETF (SPIP) and Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX). 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
SPIP vs. VCLAX - Dividend Comparison
SPIP's dividend yield for the trailing twelve months is around 3.49%, more than VCLAX's 3.17% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPIP SPDR Portfolio TIPS ETF | 3.48% | 3.35% | 3.70% | 7.06% | 4.53% | 1.97% | 2.60% | 2.80% | 3.02% | 1.88% | 0.14% | 1.66% |
VCLAX Vanguard California Long-Term Tax-Exempt Fund Admiral Shares | 3.14% | 3.38% | 3.07% | 2.74% | 2.40% | 2.64% | 3.01% | 3.39% | 3.34% | 3.56% | 3.58% | 3.71% |
Drawdowns
SPIP vs. VCLAX - Drawdown Comparison
The maximum SPIP drawdown since its inception was -15.38%, smaller than the maximum VCLAX drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for SPIP and VCLAX. For additional features, visit the drawdowns tool.
Volatility
SPIP vs. VCLAX - Volatility Comparison
SPDR Portfolio TIPS ETF (SPIP) and Vanguard California Long-Term Tax-Exempt Fund Admiral Shares (VCLAX) have volatilities of 1.41% and 1.38%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
User Portfolios with SPIP or VCLAX
Recent discussions
Making constant changes to weights breaks performance numbers
Bee Zee
Does Portfolio Performance Consider Historical Composition?
When I see the past performance of a particular portfolio, does it mean the performance of the current composition, or do I get the performance by weighting the portfolio against all its old compositions?
It is very important to learn about the success of the portfolio.
MOTTY
Basis of calculations: historical or modelled?
Hi,
I am new to Portfolioslab. I cannot find any statement describing whether returns and heat maps of users' and lazy's portfolios are based on actual historical data, or are simply modelled on the basis of current portfolio composition.
I would greatly appreciate a clarification.
Thanks
Luca