VTP vs. VIPSX

Last updated Jun 3, 2026

VTP (Vanguard Total Inflation-Protected Securities ETF) and VIPSX (Vanguard Inflation-Protected Securities Fund Investor Shares) are both Inflation-Protected Bonds funds from Vanguard. Their correlation of 0.92 suggests significant overlap in exposure. VTP charges 0.05%/yr vs 0.20%/yr for VIPSX.

Performance

VTP vs. VIPSX - Performance Comparison

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

Returns By Period

In the year-to-date period, VTP achieves a 1.70% return, which is significantly higher than VIPSX's 1.59% return.

VTP

• 1D: 0.01%
• 1M: -0.07%
• YTD: 1.70%
• 6M: 1.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VIPSX

• 1D: 0.08%
• 1M: -0.00%
• YTD: 1.59%
• 6M: 1.37%
• 1Y: 5.02%
• 3Y*: 3.93%
• 5Y*: 1.00%
• 10Y*: 2.54%

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

VTP vs. VIPSX - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	1.70%	2.27%
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares	1.59%	2.29%

Correlation

The correlation between VTP and VIPSX is 0.92, 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	0.92

Return for Risk

VTP vs. VIPSX — Risk / Return Rank

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

VIPSX

VIPSX Risk / Return Rank: 29
VIPSX Sharpe Ratio Rank: 22
VIPSX Sortino Ratio Rank: 24
VIPSX Omega Ratio Rank: 20
VIPSX Calmar Ratio Rank: 43
VIPSX Martin Ratio Rank: 34

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. VIPSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and Vanguard Inflation-Protected Securities Fund Investor Shares (VIPSX). 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	VIPSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.40	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.17	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.37	0.76	+0.61

Drawdowns

VTP vs. VIPSX - Drawdown Comparison

The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum VIPSX drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for VTP and VIPSX.

Drawdown Indicators

	VTP	VIPSX	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-15.13%	+13.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.57%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-14.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.55%	—
Current Drawdown Current decline from peak	-0.15%	-0.11%	-0.04%
Average Drawdown Average peak-to-trough decline	-0.52%	-3.24%	+2.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.66%	—

Volatility

Volatility by Period

	VTP	VIPSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.36%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.27%	3.41%	-0.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.27%	5.99%	-2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.27%	5.34%	-2.07%

VTP vs. VIPSX - Expense Ratio Comparison

VTP has a 0.05% expense ratio, which is lower than VIPSX'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%.

Dividends

VTP vs. VIPSX - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 1.61%, less than VIPSX's 4.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares	4.39%	4.64%	4.07%	4.20%	8.34%	5.03%	1.28%	2.22%	3.03%	2.32%	3.38%	0.77%
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 VIPSX in my portfolio?

With a correlation of 0.92, VTP and VIPSX 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.