VTP vs. PSCE
VTP (Vanguard Total Inflation-Protected Securities ETF) and PSCE (Invesco S&P SmallCap Energy ETF) are both exchange-traded funds - VTP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index 0-5, while PSCE is a Energy Equities fund tracking the S&P SmallCap 600 Energy Index. Both are passively managed. At a correlation of -0.13, they often move in opposite directions. VTP charges 0.05%/yr vs 0.29%/yr for PSCE.
Performance
VTP vs. PSCE - Performance Comparison
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Returns By Period
In the year-to-date period, VTP achieves a 1.10% return, which is significantly lower than PSCE's 29.21% return.
VTP
- 1D
- 0.34%
- 1M
- 0.22%
- YTD
- 1.10%
- 6M
- 1.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSCE
- 1D
- -2.38%
- 1M
- -11.98%
- YTD
- 29.21%
- 6M
- 29.24%
- 1Y
- 43.54%
- 3Y*
- 9.42%
- 5Y*
- 7.87%
- 10Y*
- -2.65%
VTP vs. PSCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTP Vanguard Total Inflation-Protected Securities ETF | 1.10% | 2.46% |
PSCE Invesco S&P SmallCap Energy ETF | 29.21% | 5.98% |
Correlation
The correlation between VTP and PSCE is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | -0.13 |
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Return for Risk
VTP vs. PSCE — Risk / Return Rank
VTP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PSCE
VTP vs. PSCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and Invesco S&P SmallCap Energy ETF (PSCE). 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 | PSCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.19 | — |
| Martin ratioReturn relative to average drawdown | — | 10.32 | — |
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Drawdowns
VTP vs. PSCE - Drawdown Comparison
The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for VTP and PSCE.
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Drawdown Indicators
| VTP | PSCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.92% | -96.21% | +94.29% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.72% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -44.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.70% | — |
Current DrawdownCurrent decline from peak | -0.75% | -77.04% | +76.29% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -58.88% | +58.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.23% | — |
Volatility
VTP vs. PSCE - Volatility Comparison
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Volatility by Period
| VTP | PSCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.12% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 27.38% | -24.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 37.39% | -34.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 43.19% | -39.84% |
VTP vs. PSCE - Expense Ratio Comparison
VTP has a 0.05% expense ratio, which is lower than PSCE's 0.29% expense ratio.
Dividends
VTP vs. PSCE - Dividend Comparison
VTP's dividend yield for the trailing twelve months is around 1.62%, less than PSCE's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 2.34% | 2.39% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% |
VTP Vanguard Total Inflation-Protected Securities ETF | 1.62% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VTP and PSCE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
VTP is cheaper with a 0.05% expense ratio, compared with 0.29% for PSCE.
PSCE has the higher dividend yield at 2.34%, compared with 1.62% for VTP.
VTP is categorized as Inflation-Protected Bonds, while PSCE is Energy Equities. VTP tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5, while PSCE tracks S&P SmallCap 600 Energy Index. They also come from different issuers: Vanguard and Invesco. Their fees differ too: 0.05% for VTP and 0.29% for PSCE.
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