VGEA.DE vs. VTIP
VGEA.DE (Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - VGEA.DE is a European Government Bonds fund tracking the Bloomberg Euro Aggregate Treasury, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 5 years, VGEA.DE returned -2.24%/yr vs 4.31%/yr for VTIP. At a 0.04 correlation, their price movements are largely independent. VGEA.DE charges 0.07%/yr vs 0.03%/yr for VTIP.
Performance
VGEA.DE vs. VTIP - Performance Comparison
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Different Trading Currencies
VGEA.DE is traded in EUR, while VTIP is traded in USD. To make them comparable, the VTIP values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VGEA.DE achieves a 0.11% return, which is significantly lower than VTIP's 3.13% return.
VGEA.DE
- 1D
- 0.06%
- 1M
- 0.60%
- YTD
- 0.11%
- 6M
- 0.00%
- 1Y
- -0.05%
- 3Y*
- 2.38%
- 5Y*
- -2.24%
- 10Y*
- —
VTIP
- 1D
- -0.22%
- 1M
- 0.77%
- YTD
- 3.13%
- 6M
- 2.26%
- 1Y
- 2.75%
- 3Y*
- 2.38%
- 5Y*
- 4.31%
- 10Y*
- 2.90%
VGEA.DE vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.11% | 0.67% | 1.54% | 6.93% | -18.30% | -3.32% | 4.81% | 5.94% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.13% | -6.52% | 11.65% | 1.48% | 3.08% | 13.24% | -3.70% | 5.23% |
Correlation
The correlation between VGEA.DE and VTIP is -0.24, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.04 |
The correlation between VGEA.DE and VTIP shifts across timeframes, from -0.24 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VGEA.DE vs. VTIP — Risk / Return Rank
VGEA.DE
VTIP
VGEA.DE vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) 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.
| VGEA.DE | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.08 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.01 | 0.66 | -0.67 |
| Martin ratioReturn relative to average drawdown | -0.04 | 1.80 | -1.84 |
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
| VGEA.DE | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | 0.46 | -0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.35 | 0.58 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.41 | -0.50 |
Drawdowns
VGEA.DE vs. VTIP - Drawdown Comparison
The maximum VGEA.DE drawdown since its inception was -22.34%, which is greater than VTIP's maximum drawdown of -16.49%. Use the drawdown chart below to compare losses from any high point for VGEA.DE and VTIP.
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Drawdown Indicators
| VGEA.DE | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -16.49% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.44% | -4.19% | +0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -4.00% | -10.53% | +6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -21.47% | -12.09% | -9.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.49% | — |
Current DrawdownCurrent decline from peak | -13.91% | -5.40% | -8.51% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -5.17% | -5.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 1.54% | -0.21% |
Volatility
VGEA.DE vs. VTIP - Volatility Comparison
Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating (VGEA.DE) has a higher volatility of 1.67% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 1.10%. This indicates that VGEA.DE'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.
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Volatility by Period
| VGEA.DE | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.67% | 1.10% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 4.31% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 6.07% | -1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.39% | 7.49% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.86% | 7.47% | -1.61% |
VGEA.DE vs. VTIP - Expense Ratio Comparison
VGEA.DE has a 0.07% expense ratio, which is higher than VTIP'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%.
Dividends
VGEA.DE vs. VTIP - Dividend Comparison
VGEA.DE has not paid dividends to shareholders, while VTIP's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
VGEA.DE Vanguard EUR Eurozone Government Bond UCITS ETF Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
VGEA.DE and VTIP have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTIP is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.07% for VGEA.DE.
VGEA.DE is categorized as European Government Bonds, while VTIP is Inflation-Protected Bonds. VGEA.DE tracks Bloomberg Euro Aggregate Treasury, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Their fees differ too: 0.07% for VGEA.DE and 0.03% for VTIP.
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