VIPSX vs. TIP
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and iShares TIPS Bond ETF (TIP).
VIPSX is managed by Vanguard. It was launched on Jun 29, 2000. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003.
Performance
VIPSX vs. TIP - Performance Comparison
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VIPSX vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 0.26% | 6.77% | 1.74% | 3.73% | -12.04% | 5.57% | 10.90% | 8.06% | -1.48% | 2.81% |
TIP iShares TIPS Bond ETF | 0.41% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Returns By Period
In the year-to-date period, VIPSX achieves a 0.26% return, which is significantly lower than TIP's 0.41% return. Both investments have delivered pretty close results over the past 10 years, with VIPSX having a 2.44% annualized return and TIP not far ahead at 2.49%.
VIPSX
- 1D
- 0.60%
- 1M
- -1.43%
- YTD
- 0.26%
- 6M
- 0.29%
- 1Y
- 2.76%
- 3Y*
- 2.96%
- 5Y*
- 1.25%
- 10Y*
- 2.44%
TIP
- 1D
- 0.01%
- 1M
- -1.36%
- YTD
- 0.41%
- 6M
- 0.33%
- 1Y
- 2.82%
- 3Y*
- 2.98%
- 5Y*
- 1.24%
- 10Y*
- 2.49%
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VIPSX vs. TIP - Expense Ratio Comparison
VIPSX has a 0.20% expense ratio, which is higher than TIP's 0.19% 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. TIP — Risk / Return Rank
VIPSX
TIP
VIPSX vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and iShares TIPS Bond ETF (TIP). 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 | TIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.80 | 0.68 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.11 | 0.95 | +0.16 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.12 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.34 | 1.18 | +0.16 |
Martin ratioReturn relative to average drawdown | 3.99 | 3.44 | +0.55 |
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 | TIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.80 | 0.68 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.20 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.43 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.57 | +0.19 |
Correlation
The correlation between VIPSX and TIP is 0.95, 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. TIP - Dividend Comparison
VIPSX's dividend yield for the trailing twelve months is around 4.39%, more than TIP's 3.45% 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% |
TIP iShares TIPS Bond ETF | 3.45% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Drawdowns
VIPSX vs. TIP - Drawdown Comparison
The maximum VIPSX drawdown since its inception was -15.13%, roughly equal to the maximum TIP drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for VIPSX and TIP.
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Drawdown Indicators
| VIPSX | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -14.57% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -2.74% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -14.55% | -14.51% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -14.55% | -14.51% | -0.04% |
Current DrawdownCurrent decline from peak | -1.43% | -1.36% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -3.46% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.94% | +0.01% |
Volatility
VIPSX vs. TIP - Volatility Comparison
Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and iShares TIPS Bond ETF (TIP) have volatilities of 1.37% and 1.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIPSX | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.41% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.31% | 2.35% | -0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 4.17% | -0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 6.23% | -0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 5.75% | -0.41% |