VTP vs. VNQ

Last updated Apr 1, 2026

Compare and contrast key facts about Vanguard Total Inflation-Protected Securities ETF (VTP) and Vanguard Real Estate ETF (VNQ).

VTP and VNQ 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. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Real Estate 25/50 Index. It was launched on Sep 23, 2004. Both VTP and VNQ 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. VNQ - Performance Comparison

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

VTP vs. VNQ - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	0.38%	2.27%
VNQ Vanguard Real Estate ETF	1.31%	1.08%

Returns By Period

In the year-to-date period, VTP achieves a 0.38% return, which is significantly lower than VNQ's 1.31% return.

VTP

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

VNQ

• 1D: 1.57%
• 1M: -6.31%
• YTD: 1.31%
• 6M: -1.04%
• 1Y: 1.86%
• 3Y*: 6.44%
• 5Y*: 2.79%
• 10Y*: 4.65%

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

VTP vs. VNQ - Expense Ratio Comparison

VTP has a 0.05% expense ratio, which is lower than VNQ's 0.13% 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%.

VNQ

Vanguard Real Estate ETF

VTP

Vanguard Total Inflation-Protected Securities ETF

Return for Risk

VTP vs. VNQ — Risk / Return Rank

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

VNQ

VNQ Risk / Return Rank: 16
VNQ Sharpe Ratio Rank: 15
VNQ Sortino Ratio Rank: 15
VNQ Omega Ratio Rank: 15
VNQ Calmar Ratio Rank: 18
VNQ Martin Ratio Rank: 19

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. VNQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and Vanguard Real Estate ETF (VNQ). 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	VNQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.26	+0.85

Correlation

The correlation between VTP and VNQ is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

VTP vs. VNQ - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 1.55%, less than VNQ's 3.93% 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%
VNQ Vanguard Real Estate ETF	3.93%	3.92%	3.85%	3.95%	3.91%	2.56%	3.93%	3.39%	4.74%	4.23%	4.82%	3.92%

Drawdowns

VTP vs. VNQ - Drawdown Comparison

The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for VTP and VNQ.

Drawdown Indicators

	VTP	VNQ	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-73.07%	+71.15%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.40%	—
Current Drawdown Current decline from peak	-1.31%	-9.57%	+8.26%
Average Drawdown Average peak-to-trough decline	-0.53%	-13.71%	+13.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.18%	—

Volatility

Volatility by Period

	VTP	VNQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.52%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	16.33%	-13.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.33%	18.81%	-15.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.33%	20.71%	-17.38%