VTP vs. RINF

Last updated Jul 15, 2026

VTP (Vanguard Total Inflation-Protected Securities ETF) and RINF (ProShares Inflation Expectations ETF) are both Inflation-Protected Bonds funds - VTP tracks the ICE U.S. Treasury Inflation Linked Bond Index while RINF tracks the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index. Both are passively managed. Over the past year, VTP returned 3.27% vs 1.86% for RINF. At a correlation of -0.16, they often move in opposite directions. VTP charges 0.05%/yr vs 0.30%/yr for RINF.

Performance

VTP vs. RINF - Performance Comparison

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

Returns By Period

In the year-to-date period, VTP achieves a 0.90% return, which is significantly lower than RINF's 2.27% return.

VTP

• 1D: 0.07%
• 1M: -0.50%
• 6M: 0.58%
• YTD: 0.90%
• 1Y: 3.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

RINF

• 1D: 0.14%
• 1M: 0.10%
• 6M: 2.03%
• YTD: 2.27%
• 1Y: 1.86%
• 3Y*: 4.00%
• 5Y*: 5.81%
• 10Y*: 4.65%

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

VTP vs. RINF - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	0.90%	2.46%
RINF ProShares Inflation Expectations ETF	2.27%	0.02%

Correlation

The correlation between VTP and RINF is -0.15, 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 (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	-0.16

Return for Risk

VTP vs. RINF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VTP

VTP Risk / Return Rank: 35
VTP Sharpe Ratio Rank: 33
VTP Sortino Ratio Rank: 32
VTP Omega Ratio Rank: 30
VTP Calmar Ratio Rank: 42
VTP Martin Ratio Rank: 38

RINF

RINF Risk / Return Rank: 17
RINF Sharpe Ratio Rank: 17
RINF Sortino Ratio Rank: 15
RINF Omega Ratio Rank: 15
RINF Calmar Ratio Rank: 20
RINF Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VTP vs. RINF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and ProShares Inflation Expectations ETF (RINF). 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	RINF	Difference
Sharpe ratio: Return per unit of total volatility	0.98	0.44	+0.54
Sortino ratio: Return per unit of downside risk	1.43	0.64	+0.79
Omega ratio: Gain probability vs. loss probability	1.17	1.08	+0.10
Calmar ratio: Return relative to maximum drawdown	1.71	0.72	+0.99
Martin ratio: Return relative to average drawdown	4.86	1.31	+3.54

VTP vs. RINF - Sharpe Ratio Comparison

The current VTP Sharpe Ratio is 0.98, which is higher than the RINF Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of VTP and RINF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VTP vs. RINF - Drawdown Comparison

The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum RINF drawdown of -43.51%. Use the drawdown chart below to compare losses from any high point for VTP and RINF.

Drawdown Indicators

	VTP	RINF	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-43.51%	+41.59%
Max Drawdown (1Y) Largest decline over 1 year	-1.92%	-2.60%	+0.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.18%	—
Current Drawdown Current decline from peak	-0.94%	-0.77%	-0.17%
Average Drawdown Average peak-to-trough decline	-0.53%	-16.34%	+15.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	1.42%	-0.75%

Volatility

VTP vs. RINF - Volatility Comparison

Vanguard Total Inflation-Protected Securities ETF (VTP) and ProShares Inflation Expectations ETF (RINF) have volatilities of 1.19% and 1.19%, 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.

Volatility by Period

	VTP	RINF	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	1.19%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	2.93%	-0.45%
Volatility (1Y) Calculated over the trailing 1-year period	3.36%	4.29%	-0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.35%	12.62%	-9.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.35%	12.54%	-9.19%

VTP vs. RINF - Expense Ratio Comparison

VTP has a 0.05% expense ratio, which is lower than RINF's 0.30% expense ratio.

Dividends

VTP vs. RINF - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 2.98%, less than RINF's 3.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RINF ProShares Inflation Expectations ETF	3.67%	3.89%	4.68%	5.07%	1.15%	2.76%	0.82%	1.90%	2.47%	2.99%	1.09%	1.83%
VTP Vanguard Total Inflation-Protected Securities ETF	2.98%	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

Can I hold both VTP and RINF in my portfolio?

VTP and RINF have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTP or RINF?

RINF has higher volatility (1.19%) compared to VTP (1.19%). In terms of maximum drawdown, VTP dropped -1.92% vs RINF's -43.51%.

Which ETF is better, VTP or RINF?

On 1-year performance, VTP leads with 3.27% vs 1.86% for RINF. On fees, VTP is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTP or RINF?

Over the 1-year period, VTP has performed better with a 3.27% return vs 1.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTP or RINF?

VTP is cheaper with a 0.05% expense ratio, compared with 0.30% for RINF.

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

RINF has the higher dividend yield at 3.67%, compared with 2.98% for VTP.

What is the main difference between VTP and RINF?

VTP tracks ICE U.S. Treasury Inflation Linked Bond Index, while RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index. They also come from different issuers: Vanguard and ProShares. Their fees differ too: 0.05% for VTP and 0.30% for RINF.

Which has better risk-adjusted returns?

VTP currently has the higher Sharpe Ratio (0.98 vs 0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.