VTP vs. VT

Last updated Jul 15, 2026

VTP (Vanguard Total Inflation-Protected Securities ETF) and VT (Vanguard Total World Stock ETF) are both exchange-traded funds - VTP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index, while VT is a Global Equities fund tracking the FTSE Global All Cap Index. Both are passively managed. Over the past year, VTP returned 3.27% vs 23.22% for VT. At a 0.28 correlation, their price movements are largely independent. VTP charges 0.05%/yr vs 0.06%/yr for VT.

Performance

VTP vs. VT - Performance Comparison

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

Returns By Period

In the year-to-date period, VTP achieves a 0.90% return, which is significantly lower than VT's 11.81% return.

VTP

• 1D: 0.07%
• 1M: -0.50%
• 6M: 0.58%
• YTD: 0.90%
• 1Y: 3.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VT

• 1D: 0.62%
• 1M: 0.68%
• 6M: 9.00%
• YTD: 11.81%
• 1Y: 23.22%
• 3Y*: 18.88%
• 5Y*: 10.79%
• 10Y*: 12.46%

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

VTP vs. VT - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	0.90%	2.46%
VT Vanguard Total World Stock ETF	11.81%	10.71%

Correlation

The correlation between VTP and VT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.28

Return for Risk

VTP vs. VT — Risk / Return Rank

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

VTP

VTP Risk / Return Rank: 35
VTP Sharpe Ratio Rank: 33
VTP Sortino Ratio Rank: 32
VTP Omega Ratio Rank: 30
VTP Calmar Ratio Rank: 42
VTP Martin Ratio Rank: 38

VT

VT Risk / Return Rank: 65
VT Sharpe Ratio Rank: 65
VT Sortino Ratio Rank: 65
VT Omega Ratio Rank: 65
VT Calmar Ratio Rank: 60
VT Martin Ratio Rank: 71

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. VT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and Vanguard Total World Stock ETF (VT). 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	VT	Difference
Sharpe ratio: Return per unit of total volatility	0.98	1.71	-0.73
Sortino ratio: Return per unit of downside risk	1.43	2.38	-0.95
Omega ratio: Gain probability vs. loss probability	1.17	1.31	-0.14
Calmar ratio: Return relative to maximum drawdown	1.71	2.41	-0.70
Martin ratio: Return relative to average drawdown	4.86	10.27	-5.41

VTP vs. VT - Sharpe Ratio Comparison

The current VTP Sharpe Ratio is 0.98, which is lower than the VT Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of VTP and VT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VTP vs. VT - Drawdown Comparison

The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum VT drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for VTP and VT.

Drawdown Indicators

	VTP	VT	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-50.27%	+48.35%
Max Drawdown (1Y) Largest decline over 1 year	-1.92%	-9.67%	+7.75%
Max Drawdown (3Y) Largest decline over 3 years	—	-16.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.24%	—
Current Drawdown Current decline from peak	-0.94%	-1.26%	+0.32%
Average Drawdown Average peak-to-trough decline	-0.53%	-6.99%	+6.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	2.27%	-1.60%

Volatility

VTP vs. VT - Volatility Comparison

The current volatility for Vanguard Total Inflation-Protected Securities ETF (VTP) is 1.19%, while Vanguard Total World Stock ETF (VT) has a volatility of 4.18%. This indicates that VTP experiences smaller price fluctuations and is considered to be less risky than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VTP	VT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	4.18%	-2.99%
Volatility (6M) Calculated over the trailing 6-month period	2.48%	11.47%	-8.99%
Volatility (1Y) Calculated over the trailing 1-year period	3.36%	13.66%	-10.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.35%	16.20%	-12.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.35%	17.16%	-13.81%

VTP vs. VT - Expense Ratio Comparison

VTP has a 0.05% expense ratio, which is lower than VT's 0.06% 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. VT - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 2.98%, more than VT's 1.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VT Vanguard Total World Stock ETF	1.58%	1.82%	1.95%	2.08%	2.20%	1.82%	1.66%	2.32%	2.53%	2.11%	2.39%	2.45%
VTP Vanguard Total Inflation-Protected Securities ETF	2.98%	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 VT in my portfolio?

VTP and VT have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTP or VT?

VT has higher volatility (4.18%) compared to VTP (1.19%). In terms of maximum drawdown, VTP dropped -1.92% vs VT's -50.27%.

Which ETF is better, VTP or VT?

On 1-year performance, VT leads with 23.22% vs 3.27% for VTP. On fees, VTP is cheaper at 0.05% per year. On volatility, VTP has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTP or VT?

Over the 1-year period, VT has performed better with a 23.22% return vs 3.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTP or VT?

VTP is cheaper with a 0.05% expense ratio, compared with 0.06% for VT.

Which ETF pays a higher dividend yield, VTP or VT?

VTP has the higher dividend yield at 2.98%, compared with 1.58% for VT.

What is the main difference between VTP and VT?

VTP is categorized as Inflation-Protected Bonds, while VT is Global Equities. VTP tracks ICE U.S. Treasury Inflation Linked Bond Index, while VT tracks FTSE Global All Cap Index. Their fees differ too: 0.05% for VTP and 0.06% for VT.

Which has better risk-adjusted returns?

VT currently has the higher Sharpe Ratio (1.71 vs 0.98), 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.