VTSPX vs. VESIX
VTSPX (Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares) and VESIX (Vanguard European Stock Index Fund Institutional Shares) are both mutual funds - VTSPX is a Inflation-Protected Bonds fund managed by Vanguard, while VESIX is a Europe Equities fund managed by Vanguard. Over the past 10 years, VTSPX returned 3.10%/yr vs 9.03%/yr for VESIX. At a 0.14 correlation, their price movements are largely independent. VTSPX charges 0.04%/yr vs 0.08%/yr for VESIX.
Performance
VTSPX vs. VESIX - Performance Comparison
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Returns By Period
In the year-to-date period, VTSPX achieves a 1.70% return, which is significantly lower than VESIX's 4.82% return. Over the past 10 years, VTSPX has underperformed VESIX with an annualized return of 3.10%, while VESIX has yielded a comparatively higher 9.03% annualized return.
VTSPX
- 1D
- -0.28%
- 1M
- -0.16%
- YTD
- 1.70%
- 6M
- 1.81%
- 1Y
- 4.60%
- 3Y*
- 5.10%
- 5Y*
- 3.30%
- 10Y*
- 3.10%
VESIX
- 1D
- -2.04%
- 1M
- -1.00%
- YTD
- 4.82%
- 6M
- 8.07%
- 1Y
- 15.81%
- 3Y*
- 16.13%
- 5Y*
- 8.06%
- 10Y*
- 9.03%
VTSPX vs. VESIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTSPX Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares | 1.70% | 6.06% | 4.75% | 4.61% | -2.82% | 5.32% | 4.99% | 4.82% | 0.59% | 0.83% |
VESIX Vanguard European Stock Index Fund Institutional Shares | 4.82% | 35.43% | 2.02% | 20.03% | -16.07% | 16.31% | 6.46% | 24.24% | -14.78% | 27.05% |
Correlation
The correlation between VTSPX and VESIX is 0.10, 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 (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2013 | 0.14 |
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Return for Risk
VTSPX vs. VESIX — Risk / Return Rank
VTSPX
VESIX
VTSPX vs. VESIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) and Vanguard European Stock Index Fund Institutional Shares (VESIX). 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.
| VTSPX | VESIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +3.17 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.19 | +0.43 |
| Calmar ratioReturn relative to maximum drawdown | 6.15 | 1.36 | +4.79 |
| Martin ratioReturn relative to average drawdown | 24.47 | 5.01 | +19.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTSPX | VESIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.85 | 1.06 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | 0.46 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.39 | 0.50 | +0.90 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.26 | +0.81 |
Drawdowns
VTSPX vs. VESIX - Drawdown Comparison
The maximum VTSPX drawdown since its inception was -5.35%, smaller than the maximum VESIX drawdown of -63.25%. Use the drawdown chart below to compare losses from any high point for VTSPX and VESIX.
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Drawdown Indicators
| VTSPX | VESIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.35% | -63.25% | +57.90% |
Max Drawdown (1Y)Largest decline over 1 year | -0.72% | -11.96% | +11.24% |
Max Drawdown (3Y)Largest decline over 3 years | -0.92% | -13.94% | +13.02% |
Max Drawdown (5Y)Largest decline over 5 years | -5.35% | -32.68% | +27.33% |
Max Drawdown (10Y)Largest decline over 10 years | -5.35% | -36.85% | +31.50% |
Current DrawdownCurrent decline from peak | -0.39% | -3.24% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -1.01% | -15.22% | +14.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 3.24% | -3.06% |
Volatility
VTSPX vs. VESIX - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) is 0.61%, while Vanguard European Stock Index Fund Institutional Shares (VESIX) has a volatility of 5.11%. This indicates that VTSPX experiences smaller price fluctuations and is considered to be less risky than VESIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTSPX | VESIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 5.11% | -4.50% |
Volatility (6M)Calculated over the trailing 6-month period | 1.16% | 12.78% | -11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.55% | 15.39% | -13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 17.41% | -14.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.23% | 18.25% | -16.02% |
VTSPX vs. VESIX - Expense Ratio Comparison
VTSPX has a 0.04% expense ratio, which is lower than VESIX'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%.
Dividends
VTSPX vs. VESIX - Dividend Comparison
VTSPX's dividend yield for the trailing twelve months is around 3.60%, more than VESIX's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VESIX Vanguard European Stock Index Fund Institutional Shares | 2.84% | 2.86% | 3.60% | 3.15% | 3.25% | 3.04% | 2.10% | 3.28% | 3.95% | 2.72% | 3.54% | 3.27% |
VTSPX Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares | 3.60% | 3.81% | 2.70% | 2.86% | 6.84% | 4.69% | 1.21% | 1.96% | 2.47% | 1.52% | 0.80% | 0.00% |
Frequently Asked Questions
VTSPX and VESIX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VESIX has higher volatility (5.11%) compared to VTSPX (0.61%). In terms of maximum drawdown, VTSPX dropped -5.35% vs VESIX's -63.25%.
VTSPX currently has the higher Sharpe Ratio (2.85 vs 1.06), 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.
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