VTP vs. TIPZ

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Total Inflation-Protected Securities ETF (VTP) and PIMCO Broad US TIPS Index ETF (TIPZ).

VTP and TIPZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VTP is a passively managed fund by Vanguard that tracks the performance of the ICE U.S. Treasury Inflation Linked Bond Index 0-5. It was launched on Jul 7, 2025. TIPZ is a passively managed fund by PIMCO that tracks the performance of the ICE BofA US Inflation-Linked Treasury. It was launched on Sep 3, 2009. Both VTP and TIPZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VTP vs. TIPZ - Performance Comparison

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

VTP vs. TIPZ - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	0.38%	2.27%
TIPZ PIMCO Broad US TIPS Index ETF	1.47%	1.16%

Returns By Period

In the year-to-date period, VTP achieves a 0.38% return, which is significantly lower than TIPZ's 1.47% return.

VTP

• 1D: 0.08%
• 1M: -1.31%
• YTD: 0.38%
• 6M: 0.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TIPZ

• 1D: 0.08%
• 1M: -1.41%
• YTD: 1.47%
• 6M: 0.35%
• 1Y: 2.98%
• 3Y*: 2.97%
• 5Y*: 1.07%
• 10Y*: 2.40%

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

VTP vs. TIPZ - Expense Ratio Comparison

VTP has a 0.05% expense ratio, which is lower than TIPZ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

TIPZ

PIMCO Broad US TIPS Index ETF

VTP

Vanguard Total Inflation-Protected Securities ETF

Return for Risk

VTP vs. TIPZ — Risk / Return Rank

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

TIPZ

TIPZ Risk / Return Rank: 37
TIPZ Sharpe Ratio Rank: 36
TIPZ Sortino Ratio Rank: 32
TIPZ Omega Ratio Rank: 31
TIPZ Calmar Ratio Rank: 48
TIPZ 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. TIPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and PIMCO Broad US TIPS Index ETF (TIPZ). 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	TIPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.65	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.41	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.52	+0.59

Correlation

The correlation between VTP and TIPZ is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

VTP vs. TIPZ - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 1.55%, less than TIPZ's 4.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VTP Vanguard Total Inflation-Protected Securities ETF	1.55%	1.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TIPZ PIMCO Broad US TIPS Index ETF	4.44%	4.74%	4.44%	4.69%	7.14%	4.41%	1.47%	1.65%	2.23%	1.70%	1.06%	0.56%

Drawdowns

VTP vs. TIPZ - Drawdown Comparison

The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum TIPZ drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for VTP and TIPZ.

Drawdown Indicators

	VTP	TIPZ	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-15.77%	+13.85%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-15.77%	—
Current Drawdown Current decline from peak	-1.31%	-2.51%	+1.20%
Average Drawdown Average peak-to-trough decline	-0.53%	-4.36%	+3.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.99%	—

Volatility

Volatility by Period

	VTP	TIPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.86%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	4.60%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.33%	6.38%	-3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.33%	5.86%	-2.53%