VIPIX vs. IEF
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) and iShares 7-10 Year Treasury Bond ETF (IEF).
VIPIX is managed by Vanguard. It was launched on Dec 12, 2003. IEF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. It was launched on Jul 26, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIPIX or IEF.
Key characteristics
| VIPIX | IEF | |
|---|---|---|
| YTD Return | 3.39% | 0.61% |
| 1Y Return | 7.59% | 7.07% |
| 3Y Return (Ann) | -2.05% | -4.16% |
| 5Y Return (Ann) | 2.34% | -1.16% |
| 10Y Return (Ann) | 2.23% | 0.92% |
| Sharpe Ratio | 1.30 | 0.83 |
| Sortino Ratio | 1.92 | 1.23 |
| Omega Ratio | 1.23 | 1.14 |
| Calmar Ratio | 0.52 | 0.27 |
| Martin Ratio | 6.10 | 2.49 |
| Ulcer Index | 1.09% | 2.42% |
| Daily Std Dev | 5.13% | 7.25% |
| Max Drawdown | -15.04% | -23.93% |
| Current Drawdown | -6.09% | -16.36% |
Correlation
The correlation between VIPIX and IEF is 0.79, 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.
Performance
VIPIX vs. IEF - Performance Comparison
In the year-to-date period, VIPIX achieves a 3.39% return, which is significantly higher than IEF's 0.61% return. Over the past 10 years, VIPIX has outperformed IEF with an annualized return of 2.23%, while IEF has yielded a comparatively lower 0.92% annualized 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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VIPIX vs. IEF - Expense Ratio Comparison
VIPIX has a 0.07% expense ratio, which is lower than IEF's 0.15% expense ratio. Despite the difference, 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
VIPIX vs. IEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) and iShares 7-10 Year Treasury Bond ETF (IEF). 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
VIPIX vs. IEF - Dividend Comparison
VIPIX's dividend yield for the trailing twelve months is around 4.33%, more than IEF's 3.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIPIX Vanguard Inflation-Protected Securities Fund Institutional Shares | 4.33% | 4.34% | 8.49% | 5.16% | 1.41% | 2.32% | 3.16% | 2.45% | 3.50% | 0.91% | 2.39% | 2.21% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.48% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% | 2.05% | 1.77% |
Drawdowns
VIPIX vs. IEF - Drawdown Comparison
The maximum VIPIX drawdown since its inception was -15.04%, smaller than the maximum IEF drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for VIPIX and IEF. For additional features, visit the drawdowns tool.
Volatility
VIPIX vs. IEF - Volatility Comparison
The current volatility for Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) is 1.19%, while iShares 7-10 Year Treasury Bond ETF (IEF) has a volatility of 1.98%. This indicates that VIPIX experiences smaller price fluctuations and is considered to be less risky than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.