VTIP vs. FSTZX
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (FSTZX).
VTIP is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. It was launched on Oct 12, 2012. FSTZX is managed by Fidelity. It was launched on Jan 17, 2022.
Performance
VTIP vs. FSTZX - Performance Comparison
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VTIP vs. FSTZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 0.87% | 6.07% | 4.74% | 4.62% | -2.94% | 1.44% |
FSTZX Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 1.02% | 5.99% | 4.87% | 4.67% | -2.83% | 1.32% |
Returns By Period
In the year-to-date period, VTIP achieves a 0.87% return, which is significantly lower than FSTZX's 1.02% return.
VTIP
- 1D
- -0.11%
- 1M
- 0.03%
- YTD
- 0.87%
- 6M
- 1.15%
- 1Y
- 3.80%
- 3Y*
- 4.62%
- 5Y*
- 3.46%
- 10Y*
- 3.05%
FSTZX
- 1D
- 0.00%
- 1M
- 0.10%
- YTD
- 1.02%
- 6M
- 1.20%
- 1Y
- 3.95%
- 3Y*
- 4.75%
- 5Y*
- —
- 10Y*
- —
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VTIP vs. FSTZX - Expense Ratio Comparison
VTIP has a 0.03% expense ratio, which is higher than FSTZX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VTIP vs. FSTZX — Risk / Return Rank
VTIP
FSTZX
VTIP vs. FSTZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (FSTZX). 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.
| VTIP | FSTZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.01 | 2.00 | +0.01 |
Sortino ratioReturn per unit of downside risk | 3.03 | 3.04 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.90 | 3.92 | -0.02 |
Martin ratioReturn relative to average drawdown | 12.53 | 13.81 | -1.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTIP | FSTZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 2.00 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 1.14 | -0.28 |
Correlation
The correlation between VTIP and FSTZX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VTIP vs. FSTZX - Dividend Comparison
VTIP's dividend yield for the trailing twelve months is around 3.63%, less than FSTZX's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.63% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
FSTZX Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund | 3.98% | 4.02% | 2.78% | 2.54% | 5.25% | 0.82% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VTIP vs. FSTZX - Drawdown Comparison
The maximum VTIP drawdown since its inception was -6.27%, which is greater than FSTZX's maximum drawdown of -5.30%. Use the drawdown chart below to compare losses from any high point for VTIP and FSTZX.
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Drawdown Indicators
| VTIP | FSTZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -5.30% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -0.98% | -1.03% | +0.05% |
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 | -0.37% | -0.30% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -1.05% | -1.13% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.29% | +0.01% |
Volatility
VTIP vs. FSTZX - Volatility Comparison
Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) has a higher volatility of 0.62% compared to Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (FSTZX) at 0.57%. This indicates that VTIP's price experiences larger fluctuations and is considered to be riskier than FSTZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIP | FSTZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.57% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.98% | 1.07% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.90% | 1.99% | -0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.78% | 2.83% | -0.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.74% | 2.83% | -0.09% |