VIPIX vs. DODIX
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) and Dodge & Cox Income Fund (DODIX).
VIPIX is managed by Vanguard. It was launched on Dec 12, 2003. DODIX is managed by Dodge & Cox.
Performance
VIPIX vs. DODIX - Performance Comparison
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VIPIX vs. DODIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIPIX Vanguard Inflation-Protected Securities Fund Institutional Shares | 0.32% | 6.98% | 1.85% | 3.85% | -11.93% | 5.73% | 11.05% | 8.18% | -1.40% | 2.97% |
DODIX Dodge & Cox Income Fund | -0.19% | 8.32% | 2.25% | 7.69% | -11.42% | -0.92% | 9.46% | 9.73% | -0.31% | 4.36% |
Returns By Period
In the year-to-date period, VIPIX achieves a 0.32% return, which is significantly higher than DODIX's -0.19% return. Over the past 10 years, VIPIX has underperformed DODIX with an annualized return of 2.58%, while DODIX has yielded a comparatively higher 3.02% annualized return.
VIPIX
- 1D
- 0.64%
- 1M
- -1.37%
- YTD
- 0.32%
- 6M
- 0.46%
- 1Y
- 2.99%
- 3Y*
- 3.12%
- 5Y*
- 1.40%
- 10Y*
- 2.58%
DODIX
- 1D
- 0.63%
- 1M
- -2.32%
- YTD
- -0.19%
- 6M
- 1.09%
- 1Y
- 5.10%
- 3Y*
- 4.90%
- 5Y*
- 1.40%
- 10Y*
- 3.02%
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VIPIX vs. DODIX - Expense Ratio Comparison
VIPIX has a 0.07% expense ratio, which is lower than DODIX's 0.41% expense ratio.
Return for Risk
VIPIX vs. DODIX — Risk / Return Rank
VIPIX
DODIX
VIPIX vs. DODIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) and Dodge & Cox Income Fund (DODIX). 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.
| VIPIX | DODIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.15 | -0.31 |
Sortino ratioReturn per unit of downside risk | 1.18 | 1.65 | -0.47 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.21 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.02 | -0.59 |
Martin ratioReturn relative to average drawdown | 4.28 | 6.03 | -1.76 |
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
| VIPIX | DODIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.15 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.25 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.69 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.47 | -0.86 |
Correlation
The correlation between VIPIX and DODIX is 0.74, 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
VIPIX vs. DODIX - Dividend Comparison
VIPIX's dividend yield for the trailing twelve months is around 4.48%, more than DODIX's 4.29% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIPIX Vanguard Inflation-Protected Securities Fund Institutional Shares | 4.48% | 4.77% | 4.20% | 4.34% | 8.49% | 5.16% | 1.41% | 2.32% | 3.15% | 2.45% | 3.50% | 0.91% |
DODIX Dodge & Cox Income Fund | 4.29% | 4.23% | 4.24% | 3.86% | 2.19% | 3.23% | 4.66% | 3.63% | 3.43% | 3.03% | 3.25% | 3.09% |
Drawdowns
VIPIX vs. DODIX - Drawdown Comparison
The maximum VIPIX drawdown since its inception was -15.04%, smaller than the maximum DODIX drawdown of -16.89%. Use the drawdown chart below to compare losses from any high point for VIPIX and DODIX.
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Drawdown Indicators
| VIPIX | DODIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.04% | -16.89% | +1.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -2.94% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -16.89% | +2.56% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | -16.89% | +2.56% |
Current DrawdownCurrent decline from peak | -1.37% | -2.32% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -1.50% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.98% | -0.04% |
Volatility
VIPIX vs. DODIX - Volatility Comparison
The current volatility for Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) is 1.46%, while Dodge & Cox Income Fund (DODIX) has a volatility of 1.85%. This indicates that VIPIX experiences smaller price fluctuations and is considered to be less risky than DODIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIPIX | DODIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 1.85% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 2.80% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 4.61% | -0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 5.52% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 4.42% | +0.96% |