VTIPX vs. TIP
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) and iShares TIPS Bond ETF (TIP).
VTIPX is managed by Vanguard. It was launched on Oct 16, 2012. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTIPX or TIP.
Performance
VTIPX vs. TIP - Performance Comparison
Returns By Period
In the year-to-date period, VTIPX achieves a 4.57% return, which is significantly higher than TIP's 2.59% return. Over the past 10 years, VTIPX has outperformed TIP with an annualized return of 2.27%, while TIP has yielded a comparatively lower 2.07% annualized return.
VTIPX
4.57%
-0.08%
2.98%
5.99%
3.34%
2.27%
TIP
2.59%
-1.27%
2.57%
5.51%
1.88%
2.07%
Key characteristics
| VTIPX | TIP | |
|---|---|---|
| Sharpe Ratio | 3.13 | 1.18 |
| Sortino Ratio | 5.24 | 1.74 |
| Omega Ratio | 1.71 | 1.21 |
| Calmar Ratio | 4.31 | 0.47 |
| Martin Ratio | 22.80 | 5.04 |
| Ulcer Index | 0.27% | 1.16% |
| Daily Std Dev | 1.95% | 4.92% |
| Max Drawdown | -5.36% | -14.56% |
| Current Drawdown | -0.42% | -7.05% |
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VTIPX vs. TIP - Expense Ratio Comparison
VTIPX has a 0.14% expense ratio, which is lower than TIP's 0.19% 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 VTIPX and TIP is 0.79, 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
VTIPX vs. TIP - 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 iShares TIPS Bond ETF (TIP). 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. TIP - Dividend Comparison
VTIPX's dividend yield for the trailing twelve months is around 2.79%, more than TIP's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 2.79% | 2.76% | 6.74% | 4.59% | 1.11% | 1.88% | 2.38% | 1.50% | 0.55% | 0.00% | 0.72% | 0.02% |
TIP iShares TIPS Bond ETF | 2.40% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% | 1.15% |
Drawdowns
VTIPX vs. TIP - Drawdown Comparison
The maximum VTIPX drawdown since its inception was -5.36%, smaller than the maximum TIP drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for VTIPX and TIP. For additional features, visit the drawdowns tool.
Volatility
VTIPX vs. TIP - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) is 0.47%, while iShares TIPS Bond ETF (TIP) has a volatility of 1.13%. This indicates that VTIPX experiences smaller price fluctuations and is considered to be less risky than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.