VCMDX vs. VTIP
Compare and contrast key facts about Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
VCMDX is managed by Vanguard. It was launched on Jun 25, 2019. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VCMDX or VTIP.
Key characteristics
| VCMDX | VTIP | |
|---|---|---|
| YTD Return | 1.94% | 3.79% |
| 1Y Return | -2.17% | 6.72% |
| 3Y Return (Ann) | 4.28% | 2.35% |
| 5Y Return (Ann) | 10.12% | 3.42% |
| Sharpe Ratio | -0.19 | 3.05 |
| Daily Std Dev | 11.26% | 2.26% |
| Max Drawdown | -26.67% | -6.27% |
| Current Drawdown | -21.41% | -0.12% |
Correlation
The correlation between VCMDX and VTIP 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.
Performance
VCMDX vs. VTIP - Performance Comparison
In the year-to-date period, VCMDX achieves a 1.94% return, which is significantly lower than VTIP's 3.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VCMDX vs. VTIP - Expense Ratio Comparison
VCMDX has a 0.20% expense ratio, which is higher than VTIP's 0.04% 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
VCMDX vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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
VCMDX vs. VTIP - Dividend Comparison
VCMDX's dividend yield for the trailing twelve months is around 2.45%, less than VTIP's 3.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VCMDX Vanguard Commodity Strategy Fund Admiral Shares | 2.45% | 2.50% | 14.21% | 30.56% | 0.50% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.45% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
VCMDX vs. VTIP - Drawdown Comparison
The maximum VCMDX drawdown since its inception was -26.67%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for VCMDX and VTIP. For additional features, visit the drawdowns tool.
Volatility
VCMDX vs. VTIP - Volatility Comparison
Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) has a higher volatility of 3.26% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.53%. This indicates that VCMDX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.