VIPSX vs. VTIP
Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
VIPSX is managed by Vanguard. It was launched on Jun 29, 2000. 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: VIPSX or VTIP.
Performance
VIPSX vs. VTIP - Performance Comparison
Returns By Period
In the year-to-date period, VIPSX achieves a 2.48% return, which is significantly lower than VTIP's 4.55% return. Over the past 10 years, VIPSX has underperformed VTIP with an annualized return of 1.87%, while VTIP has yielded a comparatively higher 2.40% annualized return.
VIPSX
2.48%
-0.93%
2.88%
5.53%
1.88%
1.87%
VTIP
4.55%
-0.02%
3.12%
6.57%
3.52%
2.40%
Key characteristics
| VIPSX | VTIP | |
|---|---|---|
| Sharpe Ratio | 1.14 | 3.07 |
| Sortino Ratio | 1.70 | 5.45 |
| Omega Ratio | 1.20 | 1.71 |
| Calmar Ratio | 0.45 | 4.84 |
| Martin Ratio | 4.65 | 23.62 |
| Ulcer Index | 1.21% | 0.28% |
| Daily Std Dev | 4.92% | 2.13% |
| Max Drawdown | -15.13% | -6.27% |
| Current Drawdown | -7.11% | -0.47% |
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VIPSX vs. VTIP - Expense Ratio Comparison
VIPSX has a 0.20% 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%.
Correlation
The correlation between VIPSX 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.
Risk-Adjusted Performance
VIPSX vs. VTIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) 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
VIPSX vs. VTIP - Dividend Comparison
VIPSX's dividend yield for the trailing twelve months is around 4.23%, more than VTIP's 3.38% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
VIPSX vs. VTIP - Drawdown Comparison
The maximum VIPSX drawdown since its inception was -15.13%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for VIPSX and VTIP. For additional features, visit the drawdowns tool.
Volatility
VIPSX vs. VTIP - Volatility Comparison
Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) has a higher volatility of 1.19% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.45%. This indicates that VIPSX'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.