VGVT vs. VTP

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Government Securities Active ETF (VGVT) and Vanguard Total Inflation-Protected Securities ETF (VTP).

VGVT and VTP 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. VTP is a passively managed fund by Vanguard that tracks the performance of the ICE U.S. Treasury Inflation Linked Bond Index 0-5. It was launched on Jul 7, 2025.

Performance

VGVT vs. VTP - Performance Comparison

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

VGVT vs. VTP - Yearly Performance Comparison

	2026 (YTD)	2025
VGVT Vanguard Government Securities Active ETF	0.12%	3.28%
VTP Vanguard Total Inflation-Protected Securities ETF	0.38%	2.27%

Returns By Period

In the year-to-date period, VGVT achieves a 0.12% return, which is significantly lower than VTP's 0.38% return.

VGVT

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

VTP

• 1D: 0.08%
• 1M: -1.31%
• YTD: 0.38%
• 6M: 0.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VGVT vs. VTP - Expense Ratio Comparison

VGVT 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%.

VGVT

Vanguard Government Securities Active ETF

VTP

Vanguard Total Inflation-Protected Securities ETF

Return for Risk

VGVT vs. VTP - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	VGVT	VTP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	1.11	+0.34

Correlation

The correlation between VGVT and VTP is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VGVT vs. VTP - Dividend Comparison

VGVT's dividend yield for the trailing twelve months is around 2.95%, more than VTP's 1.55% yield.

	TTM	2025
VGVT Vanguard Government Securities Active ETF	2.95%	2.29%
VTP Vanguard Total Inflation-Protected Securities ETF	1.55%	1.56%

Drawdowns

VGVT vs. VTP - Drawdown Comparison

The maximum VGVT drawdown since its inception was -2.42%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for VGVT and VTP.

Drawdown Indicators

	VGVT	VTP	Difference
Max Drawdown Largest peak-to-trough decline	-2.42%	-1.92%	-0.50%
Current Drawdown Current decline from peak	-1.74%	-1.31%	-0.43%
Average Drawdown Average peak-to-trough decline	-0.42%	-0.53%	+0.11%

Volatility

Volatility by Period

	VGVT	VTP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	3.27%	3.33%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.27%	3.33%	-0.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.27%	3.33%	-0.06%