VTIP vs. EPI
VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) and EPI (WisdomTree India Earnings Fund) 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 EPI is a Emerging Markets Equities fund tracking the WisdomTree India Earnings Index. Both are passively managed. Over the past 10 years, VTIP returned 3.09%/yr vs 9.31%/yr for EPI. At a 0.07 correlation, their price movements are largely independent. VTIP charges 0.03%/yr vs 0.84%/yr for EPI.
Performance
VTIP vs. EPI - 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 EPI's -9.12% return. Over the past 10 years, VTIP has underperformed EPI with an annualized return of 3.09%, while EPI has yielded a comparatively higher 9.31% annualized return.
VTIP
- 1D
- -0.04%
- 1M
- -0.06%
- YTD
- 1.85%
- 6M
- 1.95%
- 1Y
- 4.51%
- 3Y*
- 5.25%
- 5Y*
- 3.37%
- 10Y*
- 3.09%
EPI
- 1D
- 0.65%
- 1M
- -0.05%
- YTD
- -9.12%
- 6M
- -6.55%
- 1Y
- -9.08%
- 3Y*
- 7.36%
- 5Y*
- 5.53%
- 10Y*
- 9.31%
VTIP vs. EPI - 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% |
EPI WisdomTree India Earnings Fund | -9.12% | 2.25% | 10.70% | 26.03% | -4.74% | 26.41% | 18.55% | 1.53% | -9.88% | 39.14% |
Correlation
The correlation between VTIP and EPI is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2012 | 0.07 |
The correlation between VTIP and EPI shifts across timeframes, from -0.08 (1 year) to 0.09 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
VTIP vs. EPI — Risk / Return Rank
VTIP
EPI
VTIP vs. EPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and WisdomTree India Earnings Fund (EPI). 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 | EPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.76 | ||
| Sortino ratioReturn per unit of downside risk | +6.14 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 0.90 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 6.57 | -0.61 | +7.18 |
| Martin ratioReturn relative to average drawdown | 25.36 | -1.44 | +26.80 |
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Drawdowns
VTIP vs. EPI - Drawdown Comparison
The maximum VTIP drawdown since its inception was -6.27%, smaller than the maximum EPI drawdown of -66.21%. Use the drawdown chart below to compare losses from any high point for VTIP and EPI.
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Drawdown Indicators
| VTIP | EPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -66.21% | +59.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.70% | -16.88% | +16.18% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -21.89% | +20.91% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -21.89% | +16.39% |
Max Drawdown (10Y)Largest decline over 10 years | -6.27% | -50.29% | +44.02% |
Current DrawdownCurrent decline from peak | -0.22% | -17.00% | +16.78% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -18.65% | +17.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 7.17% | -6.99% |
Volatility
VTIP vs. EPI - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) is 0.40%, while WisdomTree India Earnings Fund (EPI) has a volatility of 4.09%. This indicates that VTIP experiences smaller price fluctuations and is considered to be less risky than EPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIP | EPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 4.09% | -3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 12.88% | -11.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 15.07% | -13.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 16.23% | -13.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.74% | 20.35% | -17.61% |
VTIP vs. EPI - Expense Ratio Comparison
VTIP has a 0.03% expense ratio, which is lower than EPI's 0.84% expense ratio.
Dividends
VTIP vs. EPI - Dividend Comparison
VTIP's dividend yield for the trailing twelve months is around 3.59%, while EPI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPI WisdomTree India Earnings Fund | 0.00% | 0.00% | 0.27% | 0.15% | 6.01% | 1.18% | 0.78% | 1.17% | 1.18% | 0.85% | 1.05% | 1.20% |
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% | 0.00% |
Frequently Asked Questions
VTIP and EPI have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EPI has higher volatility (4.09%) compared to VTIP (0.40%). In terms of maximum drawdown, VTIP dropped -6.27% vs EPI's -66.21%.
On 10-year performance, EPI leads with 9.31% vs 3.09% for VTIP. On fees, VTIP is cheaper at 0.03% per year. 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, EPI has performed better with a 9.31% return vs 3.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.84% for EPI.
VTIP has the higher dividend yield at 3.59%, compared with 0.00% for EPI.
VTIP is categorized as Inflation-Protected Bonds, while EPI is Emerging Markets Equities. VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, while EPI tracks WisdomTree India Earnings Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.03% for VTIP and 0.84% for EPI.
VTIP currently has the higher Sharpe Ratio (3.07 vs -0.69), 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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