VTIPX vs. VTSPX
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX).
VTIPX is managed by Vanguard. It was launched on Oct 16, 2012. VTSPX is managed by Vanguard. It was launched on Oct 17, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTIPX or VTSPX.
Key characteristics
| VTIPX | VTSPX | |
|---|---|---|
| YTD Return | 4.27% | 4.34% |
| 1Y Return | 6.17% | 6.28% |
| 3Y Return (Ann) | 1.84% | 1.93% |
| 5Y Return (Ann) | 3.30% | 3.40% |
| 10Y Return (Ann) | 2.24% | 2.35% |
| Sharpe Ratio | 3.14 | 3.13 |
| Sortino Ratio | 5.28 | 5.20 |
| Omega Ratio | 1.72 | 1.70 |
| Calmar Ratio | 3.66 | 4.08 |
| Martin Ratio | 24.49 | 24.29 |
| Ulcer Index | 0.26% | 0.26% |
| Daily Std Dev | 1.99% | 2.04% |
| Max Drawdown | -5.36% | -5.35% |
| Current Drawdown | -0.70% | -0.71% |
Correlation
The correlation between VTIPX and VTSPX is 0.97, 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. VTSPX - Performance Comparison
The year-to-date returns for both investments are quite close, with VTIPX having a 4.27% return and VTSPX slightly higher at 4.34%. Both investments have delivered pretty close results over the past 10 years, with VTIPX having a 2.24% annualized return and VTSPX not far ahead at 2.35%. 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. VTSPX - Expense Ratio Comparison
VTIPX has a 0.14% expense ratio, which is higher than VTSPX'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. VTSPX - 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 Index Fund Institutional Shares (VTSPX). 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. VTSPX - Dividend Comparison
VTIPX's dividend yield for the trailing twelve months is around 2.80%, less than VTSPX's 2.91% 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% |
VTSPX Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares | 2.91% | 2.86% | 6.84% | 4.69% | 1.21% | 1.96% | 2.47% | 1.52% | 0.80% | 0.00% | 0.85% | 0.06% |
Drawdowns
VTIPX vs. VTSPX - Drawdown Comparison
The maximum VTIPX drawdown since its inception was -5.36%, roughly equal to the maximum VTSPX drawdown of -5.35%. Use the drawdown chart below to compare losses from any high point for VTIPX and VTSPX. For additional features, visit the drawdowns tool.
Volatility
VTIPX vs. VTSPX - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) is 0.44%, while Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) has a volatility of 0.49%. This indicates that VTIPX experiences smaller price fluctuations and is considered to be less risky than VTSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.