VTP vs. SWRSX
VTP (Vanguard Total Inflation-Protected Securities ETF) and SWRSX (Schwab Treasury Inflation Protected Securities Index Fund) are both Inflation-Protected Bonds funds. Over the past year, VTP returned 1.93% vs 1.94% for SWRSX. Their correlation of 0.94 means they have usually moved in the same direction. Both charge a 0.05% expense ratio.
Performance
VTP vs. SWRSX - Performance Comparison
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Returns By Period
In the year-to-date period, VTP achieves a 0.56% return, which is significantly lower than SWRSX's 0.60% return.
VTP
- 1D
- 0.07%
- 1M
- -0.86%
- 6M
- 0.33%
- YTD
- 0.56%
- 1Y
- 1.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.84%
SWRSX
- 1D
- -0.10%
- 1M
- -0.59%
- 6M
- 0.31%
- YTD
- 0.60%
- 1Y
- 1.94%
- 3Y*
- 3.89%
- 5Y*
- 0.29%
- 10Y*
- 2.44%
- ALL TIME*
- 3.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.14M | $3.47M | $2.46M |
VTP vs. SWRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTP Vanguard Total Inflation-Protected Securities ETF | 0.56% | 2.46% |
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 0.60% | 2.51% |
Correlation
The correlation between VTP and SWRSX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.94 |
The correlation between VTP and SWRSX has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.
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Return for Risk
VTP vs. SWRSX — Risk / Return Rank
VTP
SWRSX
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.
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 | SWRSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.14 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | 1.34 | -0.33 |
| Martin ratioReturn relative to average drawdown | 2.66 | 3.63 | -0.97 |
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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.
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Drawdown Indicators
| VTP | SWRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.92% | -14.29% | +12.37% |
Max Drawdown (1Y)Largest decline over 1 year | -1.92% | -1.90% | -0.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.96% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.29% | — |
Current DrawdownCurrent decline from peak | -1.28% | -1.19% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -0.56% | -3.70% | +3.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 0.70% | +0.03% |
Volatility
VTP vs. SWRSX - Volatility Comparison
The current volatility for Vanguard Total Inflation-Protected Securities ETF (VTP) is 0.64%, while Schwab Treasury Inflation Protected Securities Index Fund (SWRSX) has a volatility of 0.75%. This indicates that VTP experiences smaller price fluctuations and is considered to be less risky than SWRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTP | SWRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.75% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 2.38% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 3.17% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.30% | 6.01% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 5.36% | -2.06% |
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 2.99%, less than SWRSX's 4.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SWRSX Schwab Treasury Inflation Protected Securities Index Fund | 4.45% | 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 | 2.99% | 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
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.
SWRSX has higher volatility (0.75%) compared to VTP (0.64%). In terms of maximum drawdown, VTP dropped -1.92% vs SWRSX's -14.29%.
SWRSX currently has the higher Sharpe Ratio (0.80 vs 0.60), 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.
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