VTP vs. VUSXX

Last updated Jun 5, 2026

VTP (Vanguard Total Inflation-Protected Securities ETF) and VUSXX (Vanguard Treasury Money Market Fund) are both funds - VTP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index 0-5, while VUSXX is a Money Market fund actively managed by Vanguard. VTP is passively managed, while VUSXX is actively managed. At a correlation of -0.04, they often move in opposite directions. VTP charges 0.05%/yr vs 0.07%/yr for VUSXX.

Performance

VTP vs. VUSXX - Performance Comparison

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

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with VTP at 1.51% and VUSXX at 1.51%.

VTP

• 1D: -0.04%
• 1M: -0.03%
• YTD: 1.51%
• 6M: 1.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VUSXX

• 1D: 0.00%
• 1M: 0.31%
• YTD: 1.51%
• 6M: 1.84%
• 1Y: 3.98%
• 3Y*: 2.61%
• 5Y*: 1.56%
• 10Y*: —

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

VTP vs. VUSXX - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	1.51%	2.27%
VUSXX Vanguard Treasury Money Market Fund	1.51%	2.07%

Correlation

The correlation between VTP and VUSXX is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 10, 2025	-0.04

Return for Risk

VTP vs. VUSXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and Vanguard Treasury Money Market Fund (VUSXX). 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	VUSXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.68	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.30	2.14	-0.84

Drawdowns

VTP vs. VUSXX - Drawdown Comparison

The maximum VTP drawdown since its inception was -1.92%, which is greater than VUSXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VTP and VUSXX.

Drawdown Indicators

	VTP	VUSXX	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	0.00%	-1.92%
Max Drawdown (1Y) Largest decline over 1 year	—	0.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	0.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	0.00%	—
Current Drawdown Current decline from peak	-0.34%	0.00%	-0.34%
Average Drawdown Average peak-to-trough decline	-0.52%	0.00%	-0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	VTP	VUSXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.26%	1.12%	+2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.26%	0.75%	+2.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.26%	0.75%	+2.51%

VTP vs. VUSXX - Expense Ratio Comparison

VTP has a 0.05% expense ratio, which is lower than VUSXX's 0.07% 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. VUSXX - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 1.61%, less than VUSXX's 3.89% yield.

Position	TTM	2025	2024	2023
VTP Vanguard Total Inflation-Protected Securities ETF	1.61%	1.56%	0.00%	0.00%
VUSXX Vanguard Treasury Money Market Fund	3.89%	4.15%	1.63%	0.43%

Frequently Asked Questions

Can I hold both VTP and VUSXX in my portfolio?

VTP and VUSXX have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.