VTP vs. VUSXX

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Total Inflation-Protected Securities ETF (VTP) and Vanguard Treasury Money Market Fund (VUSXX).

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. VUSXX is managed by Vanguard. It was launched on Sep 1, 2010.

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.

VTP vs. VUSXX - Yearly Performance Comparison

	2026 (YTD)	2025
VTP Vanguard Total Inflation-Protected Securities ETF	0.41%	2.27%
VUSXX Vanguard Treasury Money Market Fund	0.59%	2.07%

Returns By Period

In the year-to-date period, VTP achieves a 0.41% return, which is significantly lower than VUSXX's 0.59% return.

VTP

• 1D: 0.03%
• 1M: -1.08%
• YTD: 0.41%
• 6M: 0.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VUSXX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.59%
• 6M: 1.59%
• 1Y: 3.76%
• 3Y*: 2.30%
• 5Y*: —
• 10Y*: —

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

VTP vs. VUSXX - Expense Ratio Comparison

VTP has a 0.05% expense ratio, which is lower than VUSXX's 0.08% 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%.

VUSXX

Vanguard Treasury Money Market Fund

VTP

Vanguard Total Inflation-Protected Securities ETF

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	—	3.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	2.02	-0.91

Correlation

The correlation between VTP and VUSXX is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

VTP vs. VUSXX - Dividend Comparison

VTP's dividend yield for the trailing twelve months is around 1.63%, less than VUSXX's 3.69% yield.

	TTM	2025	2024	2023
VTP Vanguard Total Inflation-Protected Securities ETF	1.63%	1.56%	0.00%	0.00%
VUSXX Vanguard Treasury Money Market Fund	3.69%	4.15%	1.63%	0.43%

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%	—
Current Drawdown Current decline from peak	-1.29%	0.00%	-1.29%
Average Drawdown Average peak-to-trough decline	-0.53%	0.00%	-0.53%
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	—	0.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.33%	1.17%	+2.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.33%	0.72%	+2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.33%	0.72%	+2.61%