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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIPSX or TIP.
Performance
VIPSX vs. TIP - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VIPSX having a 2.48% return and TIP slightly lower at 2.41%. Over the past 10 years, VIPSX has underperformed TIP with an annualized return of 1.87%, while TIP has yielded a comparatively higher 2.04% annualized return.
VIPSX
2.48%
-0.93%
2.88%
5.53%
1.88%
1.87%
TIP
2.41%
-0.87%
2.80%
5.44%
1.84%
2.04%
Key characteristics
| VIPSX | TIP | |
|---|---|---|
| Sharpe Ratio | 1.14 | 1.13 |
| Sortino Ratio | 1.70 | 1.67 |
| Omega Ratio | 1.20 | 1.20 |
| Calmar Ratio | 0.45 | 0.45 |
| Martin Ratio | 4.65 | 4.71 |
| Ulcer Index | 1.21% | 1.18% |
| Daily Std Dev | 4.92% | 4.91% |
| Max Drawdown | -15.13% | -14.56% |
| Current Drawdown | -7.11% | -7.21% |
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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%.
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.
Risk-Adjusted Performance
VIPSX vs. TIP - Risk-Adjusted Performance 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.
Dividends
VIPSX vs. TIP - Dividend Comparison
VIPSX's dividend yield for the trailing twelve months is around 4.23%, more than TIP's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 4.23% | 4.20% | 8.34% | 5.02% | 1.29% | 2.22% | 3.03% | 2.32% | 2.05% | 0.76% | 2.13% | 1.66% |
TIP iShares TIPS Bond ETF | 2.41% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
Drawdowns
VIPSX vs. TIP - Drawdown Comparison
The maximum VIPSX drawdown since its inception was -15.13%, roughly equal to the maximum TIP drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for VIPSX and TIP. For additional features, visit the drawdowns tool.
Volatility
VIPSX vs. TIP - Volatility Comparison
Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) has a higher volatility of 1.19% compared to iShares TIPS Bond ETF (TIP) at 1.10%. This indicates that VIPSX's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.