VTIP vs. CAIE
VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) and CAIE (Calamos Autocallable Income ETF) are both exchange-traded funds - VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, while CAIE is a Derivative Income fund tracking the MerQube US Large Cap Vol Advantage Autocallable Index. Both are passively managed. At a 0.02 correlation, their price movements are largely independent. VTIP charges 0.03%/yr vs 0.74%/yr for CAIE.
Performance
VTIP vs. CAIE - Performance Comparison
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Returns By Period
In the year-to-date period, VTIP achieves a 1.91% return, which is significantly lower than CAIE's 8.63% return.
VTIP
- 1D
- 0.06%
- 1M
- -0.00%
- YTD
- 1.91%
- 6M
- 2.03%
- 1Y
- 4.57%
- 3Y*
- 5.19%
- 5Y*
- 3.46%
- 10Y*
- 3.09%
CAIE
- 1D
- 1.15%
- 1M
- 1.01%
- YTD
- 8.63%
- 6M
- 9.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTIP vs. CAIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.91% | 2.19% |
CAIE Calamos Autocallable Income ETF | 8.63% | 15.12% |
Correlation
The correlation between VTIP and CAIE is 0.02, 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 (All Time) Calculated using the full available price history since Jun 25, 2025 | 0.02 |
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Return for Risk
VTIP vs. CAIE — Risk / Return Rank
VTIP
CAIE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VTIP vs. CAIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and Calamos Autocallable Income ETF (CAIE). 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 | CAIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.65 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.57 | — | — |
| Martin ratioReturn relative to average drawdown | 25.33 | — | — |
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Drawdowns
VTIP vs. CAIE - Drawdown Comparison
The maximum VTIP drawdown since its inception was -6.27%, smaller than the maximum CAIE drawdown of -7.73%. Use the drawdown chart below to compare losses from any high point for VTIP and CAIE.
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Drawdown Indicators
| VTIP | CAIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -7.73% | +1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.27% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.80% | +0.64% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -1.08% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | — | — |
Volatility
VTIP vs. CAIE - Volatility Comparison
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Volatility by Period
| VTIP | CAIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 12.08% | -10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 12.08% | -9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.74% | 12.08% | -9.34% |
VTIP vs. CAIE - Expense Ratio Comparison
VTIP has a 0.03% expense ratio, which is lower than CAIE's 0.74% expense ratio.
Dividends
VTIP vs. CAIE - Dividend Comparison
VTIP's dividend yield for the trailing twelve months is around 3.59%, less than CAIE's 13.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CAIE Calamos Autocallable Income ETF | 13.15% | 7.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
VTIP and CAIE have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTIP is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.74% for CAIE.
CAIE has the higher dividend yield at 13.15%, compared with 3.59% for VTIP.
VTIP is categorized as Inflation-Protected Bonds, while CAIE is Derivative Income. VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, while CAIE tracks MerQube US Large Cap Vol Advantage Autocallable Index. They also come from different issuers: Vanguard and Calamos. Their fees differ too: 0.03% for VTIP and 0.74% for CAIE.
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