VTAPX vs. IBTE

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE).

VTAPX is managed by Vanguard. It was launched on Oct 16, 2012. IBTE is a passively managed fund by iShares that tracks the performance of the ICE 2024 Maturity US Treasury Index. It was launched on Feb 25, 2020.

Performance

VTAPX vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

VTAPX vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares	0.44%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Returns By Period

VTAPX

• 1D: 0.00%
• 1M: 0.08%
• YTD: 0.97%
• 6M: 1.23%
• 1Y: 3.86%
• 3Y*: 4.67%
• 5Y*: 3.47%
• 10Y*: 3.05%

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VTAPX vs. IBTE - Expense Ratio Comparison

VTAPX has a 0.06% expense ratio, which is lower than IBTE's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

IBTE

iShares iBonds Dec 2024 Term Treasury ETF

VTAPX

Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares

Return for Risk

VTAPX vs. IBTE — Risk / Return Rank

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

VTAPX

VTAPX Risk / Return Rank: 95
VTAPX Sharpe Ratio Rank: 94
VTAPX Sortino Ratio Rank: 95
VTAPX Omega Ratio Rank: 93
VTAPX Calmar Ratio Rank: 98
VTAPX Martin Ratio Rank: 96

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.

VTAPX vs. IBTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). 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.

	VTAPX	IBTE	Difference
Sharpe ratio Return per unit of total volatility	2.18	—	—
Sortino ratio Return per unit of downside risk	3.25	—	—
Omega ratio Gain probability vs. loss probability	1.47	—	—
Calmar ratio Return relative to maximum drawdown	4.43	—	—
Martin ratio Return relative to average drawdown	13.99	—	—
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

	VTAPX	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.31	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.04	—	—

Dividends

VTAPX vs. IBTE - Dividend Comparison

VTAPX's dividend yield for the trailing twelve months is around 3.55%, while IBTE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares	3.55%	3.78%	2.68%	2.84%	6.82%	4.67%	1.19%	1.94%	2.45%	1.52%	0.76%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

VTAPX vs. IBTE - Drawdown Comparison

The maximum VTAPX drawdown since its inception was -5.33%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VTAPX and IBTE.

Drawdown Indicators

	VTAPX	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-5.33%	0.00%	-5.33%
Max Drawdown (1Y) Largest decline over 1 year	-0.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-5.33%	—	—
Current Drawdown Current decline from peak	-0.28%	0.00%	-0.28%
Average Drawdown Average peak-to-trough decline	-1.04%	0.00%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	—	—

Volatility

Volatility by Period

	VTAPX	IBTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.96%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.79%	0.00%	+1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.67%	0.00%	+2.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.23%	0.00%	+2.23%