VTIP vs. VTAPX
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX).
VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012. VTAPX is managed by Vanguard. It was launched on Oct 16, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTIP or VTAPX.
Performance
VTIP vs. VTAPX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with VTIP having a 4.55% return and VTAPX slightly higher at 4.59%. Both investments have delivered pretty close results over the past 10 years, with VTIP having a 2.40% annualized return and VTAPX not far behind at 2.35%.
VTIP
4.55%
-0.02%
3.12%
6.57%
3.52%
2.40%
VTAPX
4.59%
0.00%
3.19%
6.07%
3.41%
2.35%
Key characteristics
| VTIP | VTAPX | |
|---|---|---|
| Sharpe Ratio | 3.07 | 3.03 |
| Sortino Ratio | 5.45 | 5.02 |
| Omega Ratio | 1.71 | 1.68 |
| Calmar Ratio | 4.84 | 4.74 |
| Martin Ratio | 23.62 | 21.75 |
| Ulcer Index | 0.28% | 0.28% |
| Daily Std Dev | 2.13% | 1.99% |
| Max Drawdown | -6.27% | -5.33% |
| Current Drawdown | -0.47% | -0.47% |
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VTIP vs. VTAPX - Expense Ratio Comparison
VTIP has a 0.04% expense ratio, which is lower than VTAPX's 0.06% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between VTIP and VTAPX is 0.88, 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.
Risk-Adjusted Performance
VTIP vs. VTAPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX). 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.
Dividends
VTIP vs. VTAPX - Dividend Comparison
VTIP's dividend yield for the trailing twelve months is around 3.38%, more than VTAPX's 2.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares | 2.88% | 2.84% | 6.82% | 4.68% | 1.19% | 1.94% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.06% |
Drawdowns
VTIP vs. VTAPX - Drawdown Comparison
The maximum VTIP drawdown since its inception was -6.27%, which is greater than VTAPX's maximum drawdown of -5.33%. Use the drawdown chart below to compare losses from any high point for VTIP and VTAPX. For additional features, visit the drawdowns tool.
Volatility
VTIP vs. VTAPX - Volatility Comparison
Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) and Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares (VTAPX) have volatilities of 0.45% and 0.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.