VTIP vs. BTC-USD
VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) is Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, VTIP returned 3.09%/yr vs 57.32%/yr for BTC-USD. At a 0.03 correlation, their price movements are largely independent.
Performance
VTIP vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, VTIP achieves a 1.85% return, which is significantly higher than BTC-USD's -27.32% return. Over the past 10 years, VTIP has underperformed BTC-USD with an annualized return of 3.09%, while BTC-USD has yielded a comparatively higher 57.32% annualized return.
VTIP
- 1D
- -0.04%
- 1M
- -0.22%
- YTD
- 1.85%
- 6M
- 1.95%
- 1Y
- 4.57%
- 3Y*
- 5.25%
- 5Y*
- 3.37%
- 10Y*
- 3.09%
BTC-USD
- 1D
- 0.05%
- 1M
- -19.79%
- YTD
- -27.32%
- 6M
- -29.56%
- 1Y
- -39.85%
- 3Y*
- 34.86%
- 5Y*
- 10.27%
- 10Y*
- 57.32%
VTIP vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.85% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
BTC-USD Bitcoin | -27.32% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between VTIP and BTC-USD is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2012 | 0.03 |
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Return for Risk
VTIP vs. BTC-USD — Risk / Return Rank
VTIP
BTC-USD
VTIP vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and Bitcoin (BTC-USD). 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.
| VTIP | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.00 | ||
| Sortino ratioReturn per unit of downside risk | +6.54 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 0.87 | +0.79 |
| Calmar ratioReturn relative to maximum drawdown | 6.57 | -0.78 | +7.35 |
| Martin ratioReturn relative to average drawdown | 25.36 | -1.36 | +26.72 |
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Drawdowns
VTIP vs. BTC-USD - Drawdown Comparison
The maximum VTIP drawdown since its inception was -6.27%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for VTIP and BTC-USD.
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Drawdown Indicators
| VTIP | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -85.30% | +79.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.70% | -51.21% | +50.51% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -51.21% | +50.23% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -76.67% | +71.17% |
Max Drawdown (10Y)Largest decline over 10 years | -6.27% | -83.80% | +77.53% |
Current DrawdownCurrent decline from peak | -0.22% | -49.01% | +48.79% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -42.35% | +41.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 35.02% | -34.84% |
Volatility
VTIP vs. BTC-USD - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) is 0.40%, while Bitcoin (BTC-USD) has a volatility of 12.11%. This indicates that VTIP experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIP | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 12.11% | -11.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 34.59% | -33.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 35.62% | -34.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 44.71% | -41.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.74% | 56.62% | -53.88% |
Frequently Asked Questions
VTIP and BTC-USD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (12.11%) compared to VTIP (0.40%). In terms of maximum drawdown, VTIP dropped -6.27% vs BTC-USD's -85.30%.
VTIP currently has the higher Sharpe Ratio (3.07 vs -0.93), 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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