VTP vs. VYM
VTP (Vanguard Total Inflation-Protected Securities ETF) and VYM (Vanguard High Dividend Yield ETF) are both exchange-traded funds - VTP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index 0-5, while VYM is a Dividend fund tracking the FTSE High Dividend Yield Index. Both are passively managed. At a 0.23 correlation, their price movements are largely independent. VTP charges 0.05%/yr vs 0.04%/yr for VYM.
Performance
VTP vs. VYM - Performance Comparison
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Returns By Period
In the year-to-date period, VTP achieves a 1.10% return, which is significantly lower than VYM's 11.42% return.
VTP
- 1D
- 0.34%
- 1M
- 0.22%
- YTD
- 1.10%
- 6M
- 1.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VYM
- 1D
- -0.09%
- 1M
- 0.17%
- YTD
- 11.42%
- 6M
- 10.23%
- 1Y
- 23.03%
- 3Y*
- 18.38%
- 5Y*
- 11.73%
- 10Y*
- 11.97%
VTP vs. VYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTP Vanguard Total Inflation-Protected Securities ETF | 1.10% | 2.46% |
VYM Vanguard High Dividend Yield ETF | 11.42% | 7.89% |
Correlation
The correlation between VTP and VYM is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.23 |
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Return for Risk
VTP vs. VYM — Risk / Return Rank
VTP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
VYM
VTP vs. VYM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Total Inflation-Protected Securities ETF (VTP) and Vanguard High Dividend Yield ETF (VYM). 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 | VYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.45 | — |
| Martin ratioReturn relative to average drawdown | — | 12.83 | — |
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Drawdowns
VTP vs. VYM - Drawdown Comparison
The maximum VTP drawdown since its inception was -1.92%, smaller than the maximum VYM drawdown of -56.98%. Use the drawdown chart below to compare losses from any high point for VTP and VYM.
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Drawdown Indicators
| VTP | VYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.92% | -56.98% | +55.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.69% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.84% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.21% | — |
Current DrawdownCurrent decline from peak | -0.75% | -1.37% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -7.18% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.80% | — |
Volatility
VTP vs. VYM - Volatility Comparison
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Volatility by Period
| VTP | VYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.35% | 10.37% | -7.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.35% | 13.93% | -10.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.35% | 16.32% | -12.97% |
VTP vs. VYM - Expense Ratio Comparison
VTP has a 0.05% expense ratio, which is higher than VYM's 0.04% expense ratio. However, 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. VYM - Dividend Comparison
VTP's dividend yield for the trailing twelve months is around 1.62%, less than VYM's 2.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTP Vanguard Total Inflation-Protected Securities ETF | 1.62% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VYM Vanguard High Dividend Yield ETF | 2.30% | 2.44% | 2.74% | 3.12% | 3.01% | 2.76% | 3.18% | 3.03% | 3.40% | 2.80% | 2.91% | 3.22% |
Frequently Asked Questions
VTP and VYM have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VYM is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VYM is cheaper with a 0.04% expense ratio, compared with 0.05% for VTP.
VYM has the higher dividend yield at 2.30%, compared with 1.62% for VTP.
VTP is categorized as Inflation-Protected Bonds, while VYM is Dividend. VTP tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5, while VYM tracks FTSE High Dividend Yield Index. Their fees differ too: 0.05% for VTP and 0.04% for VYM.
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