VTIPX vs. VTIP
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
VTIPX is managed by Vanguard. It was launched on Oct 16, 2012. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTIPX or VTIP.
Key characteristics
| VTIPX | VTIP | |
|---|---|---|
| YTD Return | 4.58% | 4.64% |
| 1Y Return | 6.88% | 7.53% |
| 3Y Return (Ann) | 2.35% | 2.60% |
| 5Y Return (Ann) | 3.43% | 3.63% |
| 10Y Return (Ann) | 2.27% | 2.41% |
| Sharpe Ratio | 3.21 | 3.32 |
| Daily Std Dev | 2.12% | 2.25% |
| Max Drawdown | -5.36% | -6.27% |
| Current Drawdown | -0.08% | -0.08% |
Correlation
The correlation between VTIPX and VTIP is 0.88, 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.
Performance
VTIPX vs. VTIP - Performance Comparison
The year-to-date returns for both investments are quite close, with VTIPX having a 4.58% return and VTIP slightly higher at 4.64%. Over the past 10 years, VTIPX has underperformed VTIP with an annualized return of 2.27%, while VTIP has yielded a comparatively higher 2.41% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VTIPX vs. VTIP - Expense Ratio Comparison
VTIPX has a 0.14% expense ratio, which is higher than VTIP's 0.04% 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%.
Risk-Adjusted Performance
VTIPX vs. VTIP - 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 Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
VTIPX's dividend yield for the trailing twelve months is around 2.85%, less than VTIP's 3.43% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTIPX Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares | 2.85% | 2.76% | 6.74% | 4.59% | 1.11% | 1.88% | 2.37% | 1.50% | 0.55% | 0.00% | 0.72% | 0.02% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.43% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
VTIPX vs. VTIP - Drawdown Comparison
The maximum VTIPX drawdown since its inception was -5.36%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for VTIPX and VTIP. For additional features, visit the drawdowns tool.
Volatility
VTIPX vs. VTIP - Volatility Comparison
Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) has a higher volatility of 0.47% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.44%. This indicates that VTIPX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.