VIPSX vs. VTP

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and Vanguard Total Inflation-Protected Securities ETF (VTP).

VIPSX is managed by Vanguard. It was launched on Jun 29, 2000. VTP is a passively managed fund by Vanguard that tracks the performance of the ICE U.S. Treasury Inflation Linked Bond Index 0-5. It was launched on Jul 7, 2025.

Performance

VIPSX vs. VTP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX) and Vanguard Total Inflation-Protected Securities ETF (VTP). The values are adjusted to include any dividend payments, if applicable.

VIPSX vs. VTP - Yearly Performance Comparison

	2026 (YTD)	2025
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares	0.26%	2.29%
VTP Vanguard Total Inflation-Protected Securities ETF	0.38%	2.27%

Returns By Period

In the year-to-date period, VIPSX achieves a 0.26% return, which is significantly lower than VTP's 0.38% return.

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%

VTP

• 1D: 0.08%
• 1M: -1.31%
• YTD: 0.38%
• 6M: 0.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

VIPSX vs. VTP - Expense Ratio Comparison

VIPSX has a 0.20% expense ratio, which is higher than VTP'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%.

VIPSX

Vanguard Inflation-Protected Securities Fund Investor Shares

VTP

Vanguard Total Inflation-Protected Securities ETF

Return for Risk

VIPSX vs. VTP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VIPSX

VIPSX Risk / Return Rank: 39
VIPSX Sharpe Ratio Rank: 38
VIPSX Sortino Ratio Rank: 33
VIPSX Omega Ratio Rank: 27
VIPSX Calmar Ratio Rank: 58
VIPSX Martin Ratio Rank: 38

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VIPSX vs. VTP - 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 Inflation-Protected Securities ETF (VTP). 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	VTP	Difference
Sharpe ratio Return per unit of total volatility	0.80	—	—
Sortino ratio Return per unit of downside risk	1.11	—	—
Omega ratio Gain probability vs. loss probability	1.14	—	—
Calmar ratio Return relative to maximum drawdown	1.34	—	—
Martin ratio Return relative to average drawdown	3.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VIPSX	VTP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	—	—
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	1.11	-0.35

Correlation

The correlation between VIPSX and VTP 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. VTP - Dividend Comparison

VIPSX's dividend yield for the trailing twelve months is around 4.39%, more than VTP's 1.55% 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%
VTP Vanguard Total Inflation-Protected Securities ETF	1.55%	1.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VIPSX vs. VTP - Drawdown Comparison

The maximum VIPSX drawdown since its inception was -15.13%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for VIPSX and VTP.

Drawdown Indicators

	VIPSX	VTP	Difference
Max Drawdown Largest peak-to-trough decline	-15.13%	-1.92%	-13.21%
Max Drawdown (1Y) Largest decline over 1 year	-2.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.55%	—	—
Current Drawdown Current decline from peak	-1.43%	-1.31%	-0.12%
Average Drawdown Average peak-to-trough decline	-3.26%	-0.53%	-2.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	VIPSX	VTP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.37%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.12%	3.33%	+0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.00%	3.33%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.34%	3.33%	+2.01%