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 | 4.27% | 4.31% |
| 1Y Return | 6.17% | 6.78% |
| 3Y Return (Ann) | 1.84% | 2.08% |
| 5Y Return (Ann) | 3.30% | 3.50% |
| 10Y Return (Ann) | 2.24% | 2.38% |
| Sharpe Ratio | 3.14 | 3.16 |
| Sortino Ratio | 5.28 | 5.62 |
| Omega Ratio | 1.72 | 1.73 |
| Calmar Ratio | 3.66 | 4.12 |
| Martin Ratio | 24.49 | 26.07 |
| Ulcer Index | 0.26% | 0.26% |
| Daily Std Dev | 1.99% | 2.16% |
| Max Drawdown | -5.36% | -6.27% |
| Current Drawdown | -0.70% | -0.69% |
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 4.27% return and VTIP slightly higher at 4.31%. Over the past 10 years, VTIPX has underperformed VTIP with an annualized return of 2.24%, while VTIP has yielded a comparatively higher 2.38% 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 2.80%, less than VTIP's 3.39% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 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) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) have volatilities of 0.44% and 0.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.