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.
Performance
VTIPX vs. TIP - Performance Comparison
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VTIPX vs. TIP - 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% | 0.72% |
TIP iShares TIPS Bond ETF | 0.41% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Returns By Period
In the year-to-date period, VTIPX achieves a 0.93% return, which is significantly higher than TIP's 0.41% return. Over the past 10 years, VTIPX has outperformed TIP with an annualized return of 2.97%, while TIP has yielded a comparatively lower 2.49% annualized 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%
TIP
- 1D
- 0.01%
- 1M
- -1.36%
- YTD
- 0.41%
- 6M
- 0.33%
- 1Y
- 2.82%
- 3Y*
- 2.98%
- 5Y*
- 1.24%
- 10Y*
- 2.49%
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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%.
Return for Risk
VTIPX vs. TIP — Risk / Return Rank
VTIPX
TIP
VTIPX vs. TIP - 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 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.
| VTIPX | TIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.19 | 0.68 | +1.51 |
Sortino ratioReturn per unit of downside risk | 3.29 | 0.95 | +2.35 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.12 | +0.35 |
Calmar ratioReturn relative to maximum drawdown | 4.39 | 1.18 | +3.21 |
Martin ratioReturn relative to average drawdown | 14.13 | 3.44 | +10.69 |
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 | TIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.19 | 0.68 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.20 | +1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.34 | 0.43 | +0.91 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.57 | +0.44 |
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.
Dividends
VTIPX vs. TIP - Dividend Comparison
VTIPX's dividend yield for the trailing twelve months is around 3.50%, more than TIP's 3.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
TIP iShares TIPS Bond ETF | 3.45% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
Drawdowns
VTIPX vs. TIP - Drawdown Comparison
The maximum VTIPX drawdown since its inception was -5.36%, smaller than the maximum TIP drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for VTIPX and TIP.
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Drawdown Indicators
| VTIPX | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.36% | -14.57% | +9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -0.95% | -2.74% | +1.79% |
Max Drawdown (5Y)Largest decline over 5 years | -5.36% | -14.51% | +9.15% |
Max Drawdown (10Y)Largest decline over 10 years | -5.36% | -14.51% | +9.15% |
Current DrawdownCurrent decline from peak | -0.32% | -1.36% | +1.04% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -3.46% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.30% | 0.94% | -0.64% |
Volatility
VTIPX vs. TIP - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) is 0.62%, while iShares TIPS Bond ETF (TIP) has a volatility of 1.41%. 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.
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Volatility by Period
| VTIPX | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | 1.41% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 0.96% | 2.35% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.81% | 4.17% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 6.23% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.22% | 5.75% | -3.53% |