VTP vs. HYGI

Last updated Aug 4, 2026

VTP (Vanguard Total Inflation-Protected Securities ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both Inflation-Protected Bonds funds - VTP tracks the ICE U.S. Treasury Inflation Linked Bond Index while HYGI tracks the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. Their 0.20 correlation means their historical movements had little consistent relationship. VTP charges 0.05%/yr vs 0.52%/yr for HYGI.

Performance

VTP vs. HYGI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Total Inflation-Protected Securities ETF (VTP) and iShares Inflation Hedged High Yield Bond ETF (HYGI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VTP

• 1D: 0.07%
• 1M: -0.86%
• 6M: 0.33%
• YTD: 0.56%
• 1Y: 1.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.84%

HYGI

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VTP Vanguard Total Inflation-Protected Securities ETF	$4.14M	$3.47M	$2.46M

VTP vs. HYGI - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	0.56%	2.46%
HYGI iShares Inflation Hedged High Yield Bond ETF	0.00%	0.84%

Correlation

The correlation between VTP and HYGI is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.08
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.20

The correlation between VTP and HYGI shifts across timeframes, from 0.08 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VTP vs. HYGI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VTP

VTP Risk / Return Rank: 27
VTP Sharpe Ratio Rank: 26
VTP Sortino Ratio Rank: 24
VTP Omega Ratio Rank: 23
VTP Calmar Ratio Rank: 30
VTP Martin Ratio Rank: 30

HYGI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VTP vs. HYGI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VTP	HYGI	Difference
Sharpe ratio: Return per unit of total volatility	0.60	—	—
Sortino ratio: Return per unit of downside risk	0.88	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	1.01	—	—
Martin ratio: Return relative to average drawdown	2.66	—	—

Drawdowns

Drawdown Indicators

	VTP	HYGI	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.92%	—	—
Current Drawdown Current decline from peak	-1.28%	—	—
Average Drawdown Average peak-to-trough decline	-0.56%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	—	—

Volatility

Volatility by Period

	VTP	HYGI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.21%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.30%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.30%	—	—

VTP vs. HYGI - Expense Ratio Comparison

VTP has a 0.05% expense ratio, which is lower than HYGI's 0.52% expense ratio.

Dividends

VTP vs. HYGI - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 2.99%, while HYGI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
HYGI iShares Inflation Hedged High Yield Bond ETF	0.50%	3.41%	6.08%	6.22%	3.19%
VTP Vanguard Total Inflation-Protected Securities ETF	2.99%	1.56%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VTP and HYGI in my portfolio?

VTP and HYGI have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VTP or HYGI?

On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VTP or HYGI?

VTP is cheaper with a 0.05% expense ratio, compared with 0.52% for HYGI.

Which ETF pays a higher dividend yield, VTP or HYGI?

VTP has the higher dividend yield at 2.99%, compared with 0.50% for HYGI.

What is the main difference between VTP and HYGI?

VTP tracks ICE U.S. Treasury Inflation Linked Bond Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VTP and 0.52% for HYGI.