VTP vs. SWRSX

Last updated Jun 4, 2026

VTP (Vanguard Total Inflation-Protected Securities ETF) and SWRSX (Schwab Treasury Inflation Protected Securities Index Fund) are both Inflation-Protected Bonds funds. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.

Performance

VTP vs. SWRSX - Performance Comparison

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

Returns By Period

In the year-to-date period, VTP achieves a 1.55% return, which is significantly lower than SWRSX's 1.72% return.

VTP

• 1D: -0.16%
• 1M: -0.08%
• YTD: 1.55%
• 6M: 1.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SWRSX

• 1D: 0.00%
• 1M: 0.10%
• YTD: 1.72%
• 6M: 1.28%
• 1Y: 5.28%
• 3Y*: 4.09%
• 5Y*: 1.23%
• 10Y*: 2.66%

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

VTP vs. SWRSX - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	1.55%	2.27%
SWRSX Schwab Treasury Inflation Protected Securities Index Fund	1.72%	2.22%

Correlation

The correlation between VTP and SWRSX is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	0.94

Return for Risk

VTP vs. SWRSX — Risk / Return Rank

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

SWRSX

SWRSX Risk / Return Rank: 37
SWRSX Sharpe Ratio Rank: 32
SWRSX Sortino Ratio Rank: 35
SWRSX Omega Ratio Rank: 31
SWRSX Calmar Ratio Rank: 51
SWRSX Martin Ratio Rank: 38

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. SWRSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and Schwab Treasury Inflation Protected Securities Index Fund (SWRSX). 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.

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

Sharpe Ratios by Period

	VTP	SWRSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.61	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.20	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.50	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.31	0.58	+0.74

Drawdowns

VTP vs. SWRSX - Drawdown Comparison

The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum SWRSX drawdown of -14.29%. Use the drawdown chart below to compare losses from any high point for VTP and SWRSX.

Drawdown Indicators

	VTP	SWRSX	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-14.29%	+12.37%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.90%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.29%	—
Current Drawdown Current decline from peak	-0.30%	-0.10%	-0.20%
Average Drawdown Average peak-to-trough decline	-0.52%	-3.72%	+3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.63%	—

Volatility

Volatility by Period

	VTP	SWRSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.26%	3.26%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.26%	6.04%	-2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.26%	5.37%	-2.11%

VTP vs. SWRSX - Expense Ratio Comparison

Both VTP and SWRSX have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VTP vs. SWRSX - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 1.61%, less than SWRSX's 3.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SWRSX Schwab Treasury Inflation Protected Securities Index Fund	3.78%	4.20%	3.68%	3.11%	7.95%	4.45%	1.33%	2.20%	2.87%	1.75%	1.81%	1.06%
VTP Vanguard Total Inflation-Protected Securities ETF	1.61%	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 SWRSX in my portfolio?

With a correlation of 0.94, VTP and SWRSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.