VIPIX vs. VFSIX
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) and Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX).
VIPIX is managed by Vanguard. It was launched on Dec 12, 2003. VFSIX is managed by Vanguard. It was launched on Sep 30, 1997.
Performance
VIPIX vs. VFSIX - Performance Comparison
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VIPIX vs. VFSIX - 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% |
VFSIX Vanguard Short-Term Investment-Grade Fund Institutional Shares | -0.38% | 6.89% | 5.12% | 5.88% | -5.72% | -0.59% | 5.28% | 5.88% | 1.00% | 2.15% |
Returns By Period
In the year-to-date period, VIPIX achieves a 0.32% return, which is significantly higher than VFSIX's -0.38% return. Both investments have delivered pretty close results over the past 10 years, with VIPIX having a 2.58% annualized return and VFSIX not far ahead at 2.59%.
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%
VFSIX
- 1D
- 0.19%
- 1M
- -1.42%
- YTD
- -0.38%
- 6M
- 0.78%
- 1Y
- 4.38%
- 3Y*
- 5.16%
- 5Y*
- 2.28%
- 10Y*
- 2.59%
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VIPIX vs. VFSIX - Expense Ratio Comparison
Both VIPIX and VFSIX have an expense ratio of 0.07%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VIPIX vs. VFSIX — Risk / Return Rank
VIPIX
VFSIX
VIPIX vs. VFSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) and Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX). 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 | VFSIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 1.94 | -1.10 |
Sortino ratioReturn per unit of downside risk | 1.18 | 3.20 | -2.02 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.43 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.98 | -1.55 |
Martin ratioReturn relative to average drawdown | 4.28 | 12.10 | -7.83 |
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 | VFSIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.94 | -1.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.23 | 0.77 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 1.05 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 1.53 | -0.91 |
Correlation
The correlation between VIPIX and VFSIX is 0.63, 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
VIPIX vs. VFSIX - Dividend Comparison
VIPIX's dividend yield for the trailing twelve months is around 4.48%, more than VFSIX's 4.32% 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% |
VFSIX Vanguard Short-Term Investment-Grade Fund Institutional Shares | 4.32% | 4.61% | 4.19% | 2.88% | 2.06% | 1.81% | 2.35% | 2.95% | 2.80% | 2.13% | 2.17% | 2.12% |
Drawdowns
VIPIX vs. VFSIX - Drawdown Comparison
The maximum VIPIX drawdown since its inception was -15.04%, which is greater than VFSIX's maximum drawdown of -9.21%. Use the drawdown chart below to compare losses from any high point for VIPIX and VFSIX.
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Drawdown Indicators
| VIPIX | VFSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.04% | -9.21% | -5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -1.71% | -1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -9.21% | -5.12% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | -9.21% | -5.12% |
Current DrawdownCurrent decline from peak | -1.37% | -1.42% | +0.05% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -0.79% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.42% | +0.52% |
Volatility
VIPIX vs. VFSIX - Volatility Comparison
Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) has a higher volatility of 1.46% compared to Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) at 0.75%. This indicates that VIPIX's price experiences larger fluctuations and is considered to be riskier than VFSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIPIX | VFSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.46% | 0.75% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 2.39% | 1.50% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 2.53% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.03% | 2.95% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.38% | 2.47% | +2.91% |