VTI vs. VTIP
VTI (Vanguard Total Stock Market ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - VTI is a Large Cap Blend Equities fund tracking the CRSP US Total Market Index, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 10 years, VTI returned 14.66%/yr vs 3.08%/yr for VTIP. Their 0.07 correlation means their historical movements had little consistent relationship. Both charge a 0.03% expense ratio.
Performance
VTI vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, VTI achieves a 12.18% return, which is significantly higher than VTIP's 1.77% return. Over the past 10 years, VTI has outperformed VTIP with an annualized return of 14.66%, while VTIP has yielded a comparatively lower 3.08% annualized return.
VTI
- 1D
- 1.53%
- 1M
- 1.38%
- 6M
- 9.81%
- YTD
- 12.18%
- 1Y
- 23.70%
- 3Y*
- 20.38%
- 5Y*
- 12.06%
- 10Y*
- 14.66%
- ALL TIME*
- 9.64%
VTIP
- 1D
- -0.06%
- 1M
- 0.10%
- 6M
- 1.40%
- YTD
- 1.77%
- 1Y
- 3.03%
- 3Y*
- 5.00%
- 5Y*
- 3.09%
- 10Y*
- 3.08%
- ALL TIME*
- 2.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.08B | $1.16B | $1.24B | |
| $116.14M | $112.47M | $126.65M |
VTI vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTI Vanguard Total Stock Market ETF | 12.18% | 17.10% | 23.81% | 26.05% | -19.52% | 25.68% | 21.08% | 30.67% | -5.23% | 21.21% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.77% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
Correlation
The correlation between VTI and VTIP is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.14 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2012 | 0.07 |
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Return for Risk
VTI vs. VTIP — Risk / Return Rank
VTI
VTIP
VTI vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Stock Market ETF (VTI) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VTI | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 4.26 | -1.59 |
| Martin ratioReturn relative to average drawdown | 11.50 | 13.14 | -1.63 |
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Drawdowns
VTI vs. VTIP - Drawdown Comparison
The maximum VTI drawdown since its inception was -55.45%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for VTI and VTIP.
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Drawdown Indicators
| VTI | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.45% | -6.27% | -49.18% |
Max Drawdown (1Y)Largest decline over 1 year | -8.92% | -0.71% | -8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -0.98% | -18.32% |
Max Drawdown (5Y)Largest decline over 5 years | -25.36% | -5.50% | -19.86% |
Max Drawdown (10Y)Largest decline over 10 years | -35.00% | -6.27% | -28.73% |
Current DrawdownCurrent decline from peak | 0.00% | -0.29% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -1.03% | -6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 0.23% | +1.84% |
Volatility
VTI vs. VTIP - Volatility Comparison
Vanguard Total Stock Market ETF (VTI) has a higher volatility of 3.78% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.40%. This indicates that VTI'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.
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Volatility by Period
| VTI | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.78% | 0.40% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 10.33% | 1.22% | +9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.08% | 1.52% | +11.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.53% | 2.76% | +14.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.31% | 2.74% | +15.57% |
VTI vs. VTIP - Expense Ratio Comparison
Both VTI and VTIP have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VTI vs. VTIP - Dividend Comparison
VTI's dividend yield for the trailing twelve months is around 1.04%, less than VTIP's 4.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTI Vanguard Total Stock Market ETF | 1.04% | 1.12% | 1.27% | 1.44% | 1.66% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 4.16% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
Frequently Asked Questions
VTI and VTIP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTI has higher volatility (3.78%) compared to VTIP (0.40%). In terms of maximum drawdown, VTI dropped -55.45% vs VTIP's -6.27%.
On 10-year performance, VTI leads with 14.66% vs 3.08% for VTIP. Both ETFs have the same 0.03% expense ratio. On volatility, VTIP has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VTI has performed better with a 14.66% return vs 3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTI and VTIP have the same expense ratio: 0.03% per year.
VTIP has the higher dividend yield at 4.16%, compared with 1.04% for VTI.
VTI is categorized as Large Cap Blend Equities, while VTIP is Inflation-Protected Bonds. VTI tracks CRSP US Total Market Index, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index.
VTIP currently has the higher Sharpe Ratio (2.00 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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