VGVT vs. VTIP

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Government Securities Active ETF (VGVT) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).

VGVT and VTIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGVT is an actively managed fund by Vanguard. It was launched on Jul 7, 2025. VTIP is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. It was launched on Oct 12, 2012.

Performance

VGVT vs. VTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Government Securities Active ETF (VGVT) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). The values are adjusted to include any dividend payments, if applicable.

VGVT vs. VTIP - Yearly Performance Comparison

	2026 (YTD)	2025
VGVT Vanguard Government Securities Active ETF	0.12%	3.28%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	0.99%	1.89%

Returns By Period

In the year-to-date period, VGVT achieves a 0.12% return, which is significantly lower than VTIP's 0.99% return.

VGVT

• 1D: 0.21%
• 1M: -1.74%
• YTD: 0.12%
• 6M: 1.37%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VTIP

• 1D: 0.02%
• 1M: 0.10%
• YTD: 0.99%
• 6M: 1.37%
• 1Y: 3.94%
• 3Y*: 4.66%
• 5Y*: 3.48%
• 10Y*: 3.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VGVT vs. VTIP - Expense Ratio Comparison

VGVT has a 0.10% 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%.

VGVT

Vanguard Government Securities Active ETF

VTIP

Vanguard Short-Term Inflation-Protected Securities ETF

Return for Risk

VGVT vs. VTIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTIP

VTIP Risk / Return Rank: 94
VTIP Sharpe Ratio Rank: 93
VTIP Sortino Ratio Rank: 96
VTIP Omega Ratio Rank: 95
VTIP Calmar Ratio Rank: 96
VTIP Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VGVT vs. VTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Government Securities Active ETF (VGVT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	VGVT	VTIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.12	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.87	+0.58

Correlation

The correlation between VGVT and VTIP is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VGVT vs. VTIP - Dividend Comparison

VGVT's dividend yield for the trailing twelve months is around 2.95%, less than VTIP's 3.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
VGVT Vanguard Government Securities Active ETF	2.95%	2.29%	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	3.77%	3.81%	2.70%	2.86%	6.84%	4.68%	1.20%	1.95%	2.45%	1.52%	0.76%

Drawdowns

VGVT vs. VTIP - Drawdown Comparison

The maximum VGVT drawdown since its inception was -2.42%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for VGVT and VTIP.

Drawdown Indicators

	VGVT	VTIP	Difference
Max Drawdown Largest peak-to-trough decline	-2.42%	-6.27%	+3.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.98%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-6.27%	—
Current Drawdown Current decline from peak	-1.74%	-0.26%	-1.48%
Average Drawdown Average peak-to-trough decline	-0.42%	-1.05%	+0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.30%	—

Volatility

Volatility by Period

	VGVT	VTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.27%	1.90%	+1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.27%	2.78%	+0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.27%	2.74%	+0.53%