VTIPX vs. FSPWX
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) and Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX).
VTIPX is managed by Vanguard. It was launched on Oct 16, 2012. FSPWX is a passively managed fund by Fidelity that tracks the performance of the Bloomberg U.S. Treasury Inflation Protected Securities Index. It was launched on Aug 16, 2024.
Performance
VTIPX vs. FSPWX - Performance Comparison
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VTIPX vs. FSPWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 0.93% | 5.96% | 1.14% |
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund | 0.50% | 6.76% | -1.32% |
Returns By Period
In the year-to-date period, VTIPX achieves a 0.93% return, which is significantly higher than FSPWX's 0.50% return.
VTIPX
- 1D
- 0.28%
- 1M
- 0.04%
- YTD
- 0.93%
- 6M
- 1.25%
- 1Y
- 3.76%
- 3Y*
- 4.58%
- 5Y*
- 3.40%
- 10Y*
- 2.97%
FSPWX
- 1D
- 0.70%
- 1M
- -1.27%
- YTD
- 0.50%
- 6M
- 0.41%
- 1Y
- 2.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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VTIPX vs. FSPWX - Expense Ratio Comparison
VTIPX has a 0.14% expense ratio, which is higher than FSPWX's 0.05% 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
VTIPX vs. FSPWX — Risk / Return Rank
VTIPX
FSPWX
VTIPX vs. FSPWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) and Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX). 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.
| VTIPX | FSPWX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 0.84 | +1.35 |
Sortino ratioReturn per unit of downside risk | 3.29 | 1.17 | +2.12 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.15 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 4.39 | 1.41 | +2.98 |
Martin ratioReturn relative to average drawdown | 14.13 | 4.38 | +9.75 |
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
| VTIPX | FSPWX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 0.84 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.88 | +0.12 |
Correlation
The correlation between VTIPX and FSPWX is 0.77, 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
VTIPX vs. FSPWX - Dividend Comparison
VTIPX's dividend yield for the trailing twelve months is around 3.50%, less than FSPWX's 4.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 3.50% | 3.70% | 2.60% | 2.76% | 6.74% | 4.59% | 1.11% | 1.88% | 2.37% | 1.50% | 0.55% |
FSPWX Fidelity SAI Inflation-Protected Bond Index Fund | 4.17% | 4.19% | 0.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VTIPX vs. FSPWX - Drawdown Comparison
The maximum VTIPX drawdown since its inception was -5.36%, which is greater than FSPWX's maximum drawdown of -3.84%. Use the drawdown chart below to compare losses from any high point for VTIPX and FSPWX.
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Drawdown Indicators
| VTIPX | FSPWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.36% | -3.84% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -2.91% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -5.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.36% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -1.27% | +0.95% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -1.04% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.94% | -0.64% |
Volatility
VTIPX vs. FSPWX - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) is 0.62%, while Fidelity SAI Inflation-Protected Bond Index Fund (FSPWX) has a volatility of 1.44%. This indicates that VTIPX experiences smaller price fluctuations and is considered to be less risky than FSPWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIPX | FSPWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.44% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 2.29% | -1.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.81% | 4.10% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 4.17% | -1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.22% | 4.17% | -1.95% |