VTIPX vs. SPY
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) and SPDR S&P 500 ETF (SPY).
VTIPX is managed by Vanguard. It was launched on Oct 16, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTIPX or SPY.
Performance
VTIPX vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, VTIPX achieves a 4.48% return, which is significantly lower than SPY's 26.08% return. Over the past 10 years, VTIPX has underperformed SPY with an annualized return of 2.26%, while SPY has yielded a comparatively higher 13.10% annualized return.
VTIPX
4.48%
-0.04%
3.11%
5.94%
3.33%
2.26%
SPY
26.08%
1.77%
13.59%
32.24%
15.62%
13.10%
Key characteristics
| VTIPX | SPY | |
|---|---|---|
| Sharpe Ratio | 3.02 | 2.70 |
| Sortino Ratio | 5.04 | 3.60 |
| Omega Ratio | 1.68 | 1.50 |
| Calmar Ratio | 4.16 | 3.90 |
| Martin Ratio | 21.74 | 17.52 |
| Ulcer Index | 0.27% | 1.87% |
| Daily Std Dev | 1.95% | 12.14% |
| Max Drawdown | -5.36% | -55.19% |
| Current Drawdown | -0.50% | -0.85% |
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VTIPX vs. SPY - Expense Ratio Comparison
VTIPX has a 0.14% expense ratio, which is higher than SPY's 0.09% 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%.
Correlation
The correlation between VTIPX and SPY is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
VTIPX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) and SPDR S&P 500 ETF (SPY). 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
VTIPX vs. SPY - Dividend Comparison
VTIPX's dividend yield for the trailing twelve months is around 2.80%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 2.80% | 2.76% | 6.74% | 4.59% | 1.11% | 1.88% | 2.38% | 1.50% | 0.55% | 0.00% | 0.72% | 0.02% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VTIPX vs. SPY - Drawdown Comparison
The maximum VTIPX drawdown since its inception was -5.36%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VTIPX and SPY. For additional features, visit the drawdowns tool.
Volatility
VTIPX vs. SPY - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) is 0.46%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.98%. This indicates that VTIPX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.