VIPSX vs. TIPX
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX).
VIPSX is managed by Vanguard. It was launched on Jun 29, 2000. TIPX is a passively managed fund by State Street that tracks the performance of the Bloomberg US Govt Inflation-Linked (1-10 Y). It was launched on May 29, 2013.
Performance
VIPSX vs. TIPX - Performance Comparison
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VIPSX vs. TIPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 0.34% | 6.77% | 1.74% | 3.73% | -12.04% | 5.57% | 10.90% | 8.06% | -1.48% | 2.81% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 0.58% | 7.15% | 3.08% | 4.43% | -7.58% | 5.42% | 8.51% | 6.60% | -0.32% | 2.54% |
Returns By Period
In the year-to-date period, VIPSX achieves a 0.34% return, which is significantly lower than TIPX's 0.58% return. Over the past 10 years, VIPSX has underperformed TIPX with an annualized return of 2.45%, while TIPX has yielded a comparatively higher 2.87% annualized 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%
TIPX
- 1D
- -0.06%
- 1M
- -0.58%
- YTD
- 0.58%
- 6M
- 0.65%
- 1Y
- 3.75%
- 3Y*
- 3.99%
- 5Y*
- 2.46%
- 10Y*
- 2.87%
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VIPSX vs. TIPX - Expense Ratio Comparison
VIPSX has a 0.20% expense ratio, which is higher than TIPX's 0.15% 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. TIPX — Risk / Return Rank
VIPSX
TIPX
VIPSX vs. TIPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX). 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 | TIPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.70 | 1.20 | -0.50 |
Sortino ratioReturn per unit of downside risk | 0.98 | 1.72 | -0.74 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.84 | -0.66 |
Martin ratioReturn relative to average drawdown | 3.52 | 6.83 | -3.32 |
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 | TIPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | 1.20 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.53 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.66 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.49 | +0.27 |
Correlation
The correlation between VIPSX and TIPX 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.
Dividends
VIPSX vs. TIPX - Dividend Comparison
VIPSX's dividend yield for the trailing twelve months is around 4.39%, more than TIPX's 3.70% 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% |
TIPX SPDR Bloomberg Barclays 1-10 Year TIPS ETF | 3.70% | 3.78% | 3.57% | 3.57% | 6.08% | 4.26% | 1.73% | 2.53% | 1.90% | 2.84% | 1.04% | 0.06% |
Drawdowns
VIPSX vs. TIPX - Drawdown Comparison
The maximum VIPSX drawdown since its inception was -15.13%, which is greater than TIPX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for VIPSX and TIPX.
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Drawdown Indicators
| VIPSX | TIPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.13% | -10.06% | -5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -2.03% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -14.55% | -10.06% | -4.49% |
Max Drawdown (10Y)Largest decline over 10 years | -14.55% | -10.06% | -4.49% |
Current DrawdownCurrent decline from peak | -1.34% | -0.83% | -0.51% |
Average DrawdownAverage peak-to-trough decline | -3.26% | -2.31% | -0.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.55% | +0.40% |
Volatility
VIPSX vs. TIPX - Volatility Comparison
Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) has a higher volatility of 1.36% compared to SPDR Bloomberg Barclays 1-10 Year TIPS ETF (TIPX) at 0.96%. This indicates that VIPSX's price experiences larger fluctuations and is considered to be riskier than TIPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIPSX | TIPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 0.96% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 2.30% | 1.76% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.11% | 3.14% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.00% | 4.64% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.34% | 4.39% | +0.95% |