VIPSX vs. BNDW
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and Vanguard Total World Bond ETF (BNDW).
VIPSX is managed by Vanguard. It was launched on Jun 29, 2000. BNDW is a passively managed fund by Vanguard that tracks the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index. It was launched on Sep 4, 2018.
Performance
VIPSX vs. BNDW - Performance Comparison
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VIPSX vs. BNDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 0.34% | 6.77% | 1.74% | 3.73% | -12.04% | 5.57% | 10.90% | 8.06% | -1.31% |
BNDW Vanguard Total World Bond ETF | 0.09% | 5.02% | 2.42% | 7.18% | -12.88% | -2.10% | 6.22% | 8.37% | 1.21% |
Returns By Period
In the year-to-date period, VIPSX achieves a 0.34% return, which is significantly higher than BNDW's 0.09% return.
VIPSX
- 1D
- 0.09%
- 1M
- -1.10%
- YTD
- 0.34%
- 6M
- 0.21%
- 1Y
- 2.77%
- 3Y*
- 2.99%
- 5Y*
- 1.24%
- 10Y*
- 2.45%
BNDW
- 1D
- 0.13%
- 1M
- -1.46%
- YTD
- 0.09%
- 6M
- 0.53%
- 1Y
- 3.34%
- 3Y*
- 3.77%
- 5Y*
- 0.23%
- 10Y*
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VIPSX vs. BNDW - Expense Ratio Comparison
VIPSX has a 0.20% expense ratio, which is higher than BNDW'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%.
Return for Risk
VIPSX vs. BNDW — Risk / Return Rank
VIPSX
BNDW
VIPSX vs. BNDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and Vanguard Total World Bond ETF (BNDW). 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.
| VIPSX | BNDW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 0.95 | -0.25 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.34 | -0.36 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.35 | -0.16 |
Martin ratioReturn relative to average drawdown | 3.52 | 4.95 | -1.43 |
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
| VIPSX | BNDW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 0.95 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.04 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.37 | +0.38 |
Correlation
The correlation between VIPSX and BNDW is 0.76, 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
VIPSX vs. BNDW - Dividend Comparison
VIPSX's dividend yield for the trailing twelve months is around 4.39%, more than BNDW's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 4.39% | 4.64% | 4.07% | 4.20% | 8.34% | 5.03% | 1.28% | 2.22% | 3.03% | 2.32% | 3.38% | 0.77% |
BNDW Vanguard Total World Bond ETF | 4.18% | 4.12% | 3.90% | 3.73% | 2.02% | 2.58% | 1.56% | 3.05% | 1.66% | 0.00% | 0.00% | 0.00% |
Drawdowns
VIPSX vs. BNDW - Drawdown Comparison
The maximum VIPSX drawdown since its inception was -15.13%, smaller than the maximum BNDW drawdown of -17.22%. Use the drawdown chart below to compare losses from any high point for VIPSX and BNDW.
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Drawdown Indicators
| VIPSX | BNDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -17.22% | +2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -2.70% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -14.55% | -16.93% | +2.38% |
Max Drawdown (10Y)Largest decline over 10 years | -14.55% | — | — |
Current DrawdownCurrent decline from peak | -1.34% | -1.85% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -5.05% | +1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.73% | +0.22% |
Volatility
VIPSX vs. BNDW - Volatility Comparison
The current volatility for Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) is 1.36%, while Vanguard Total World Bond ETF (BNDW) has a volatility of 1.67%. This indicates that VIPSX experiences smaller price fluctuations and is considered to be less risky than BNDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIPSX | BNDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.67% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 2.29% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 3.53% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 5.17% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 4.92% | +0.42% |