VTIPX vs. PBTP
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) and Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP).
VTIPX is managed by Vanguard. It was launched on Oct 16, 2012. PBTP is a passively managed fund by Invesco that tracks the performance of the ICE BofA U.S. Treasuries Inflation-Linked (0-5 Y). It was launched on Sep 22, 2017.
Performance
VTIPX vs. PBTP - Performance Comparison
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VTIPX vs. PBTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 0.93% | 5.96% | 4.65% | 4.51% | -2.93% | 5.21% | 4.85% | 4.74% | 0.49% | 0.07% |
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 1.05% | 5.98% | 4.72% | 4.53% | -3.02% | 5.51% | 4.89% | 4.72% | 0.59% | 0.04% |
Returns By Period
In the year-to-date period, VTIPX achieves a 0.93% return, which is significantly lower than PBTP's 1.05% 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%
PBTP
- 1D
- 0.04%
- 1M
- 0.10%
- YTD
- 1.05%
- 6M
- 1.35%
- 1Y
- 3.94%
- 3Y*
- 4.63%
- 5Y*
- 3.45%
- 10Y*
- —
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VTIPX vs. PBTP - Expense Ratio Comparison
VTIPX has a 0.14% expense ratio, which is higher than PBTP's 0.07% 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. PBTP — Risk / Return Rank
VTIPX
PBTP
VTIPX vs. PBTP - 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 Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP). 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 | PBTP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 2.01 | +0.18 |
Sortino ratioReturn per unit of downside risk | 3.29 | 3.02 | +0.28 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.43 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 4.39 | 3.91 | +0.48 |
Martin ratioReturn relative to average drawdown | 14.13 | 12.96 | +1.17 |
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 | PBTP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 2.01 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 1.21 | +0.07 |
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 | 1.27 | -0.27 |
Correlation
The correlation between VTIPX and PBTP is 0.85, 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. PBTP - Dividend Comparison
VTIPX's dividend yield for the trailing twelve months is around 3.50%, more than PBTP's 3.14% 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% |
PBTP Invesco PureBeta 0-5 Yr US TIPS ETF | 3.14% | 3.82% | 2.59% | 2.36% | 5.33% | 3.12% | 1.25% | 2.12% | 2.33% | 0.73% | 0.00% |
Drawdowns
VTIPX vs. PBTP - Drawdown Comparison
The maximum VTIPX drawdown since its inception was -5.36%, roughly equal to the maximum PBTP drawdown of -5.44%. Use the drawdown chart below to compare losses from any high point for VTIPX and PBTP.
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Drawdown Indicators
| VTIPX | PBTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.36% | -5.44% | +0.08% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -1.03% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -5.36% | -5.44% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -5.36% | — | — |
Current DrawdownCurrent decline from peak | -0.32% | -0.24% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -0.77% | -0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.31% | -0.01% |
Volatility
VTIPX vs. PBTP - Volatility Comparison
Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) has a higher volatility of 0.62% compared to Invesco PureBeta 0-5 Yr US TIPS ETF (PBTP) at 0.56%. This indicates that VTIPX's price experiences larger fluctuations and is considered to be riskier than PBTP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTIPX | PBTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 0.56% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 1.05% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.81% | 1.97% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 2.86% | -0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.22% | 2.66% | -0.44% |