VIPIX vs. VTIP
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
VIPIX is managed by Vanguard. It was launched on Dec 12, 2003. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIPIX or VTIP.
Key characteristics
| VIPIX | VTIP | |
|---|---|---|
| YTD Return | 2.51% | 4.31% |
| 1Y Return | 6.68% | 6.78% |
| 3Y Return (Ann) | -2.22% | 2.08% |
| 5Y Return (Ann) | 2.09% | 3.50% |
| 10Y Return (Ann) | 2.15% | 2.38% |
| Sharpe Ratio | 1.31 | 3.16 |
| Sortino Ratio | 1.95 | 5.62 |
| Omega Ratio | 1.23 | 1.73 |
| Calmar Ratio | 0.53 | 4.12 |
| Martin Ratio | 5.99 | 26.07 |
| Ulcer Index | 1.11% | 0.26% |
| Daily Std Dev | 5.10% | 2.16% |
| Max Drawdown | -15.04% | -6.27% |
| Current Drawdown | -6.88% | -0.69% |
Correlation
The correlation between VIPIX and VTIP is 0.75, 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. VTIP - Performance Comparison
In the year-to-date period, VIPIX achieves a 2.51% return, which is significantly lower than VTIP's 4.31% return. Over the past 10 years, VIPIX has underperformed VTIP with an annualized return of 2.15%, while VTIP has yielded a comparatively higher 2.38% 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. VTIP - Expense Ratio Comparison
VIPIX has a 0.07% expense ratio, which is higher than VTIP's 0.04% 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%.
Risk-Adjusted Performance
VIPIX vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) 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.
Dividends
VIPIX vs. VTIP - Dividend Comparison
VIPIX's dividend yield for the trailing twelve months is around 4.37%, more than VTIP's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIPIX Vanguard Inflation-Protected Securities Fund Institutional Shares | 4.37% | 4.34% | 8.49% | 5.16% | 1.41% | 2.32% | 3.16% | 2.45% | 3.50% | 0.91% | 2.39% | 2.21% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
VIPIX vs. VTIP - Drawdown Comparison
The maximum VIPIX drawdown since its inception was -15.04%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for VIPIX and VTIP. For additional features, visit the drawdowns tool.
Volatility
VIPIX vs. VTIP - Volatility Comparison
Vanguard Inflation-Protected Securities Fund Institutional Shares (VIPIX) has a higher volatility of 1.33% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.46%. This indicates that VIPIX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.