VTSPX vs. VTIP
Compare and contrast key facts about Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
VTSPX is managed by Vanguard. It was launched on Oct 17, 2012. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VTSPX or VTIP.
Key characteristics
| VTSPX | VTIP | |
|---|---|---|
| YTD Return | 4.34% | 4.31% |
| 1Y Return | 6.28% | 6.78% |
| 3Y Return (Ann) | 1.93% | 2.08% |
| 5Y Return (Ann) | 3.40% | 3.50% |
| 10Y Return (Ann) | 2.35% | 2.38% |
| Sharpe Ratio | 3.13 | 3.16 |
| Sortino Ratio | 5.20 | 5.62 |
| Omega Ratio | 1.70 | 1.73 |
| Calmar Ratio | 4.08 | 4.12 |
| Martin Ratio | 24.29 | 26.07 |
| Ulcer Index | 0.26% | 0.26% |
| Daily Std Dev | 2.04% | 2.16% |
| Max Drawdown | -5.35% | -6.27% |
| Current Drawdown | -0.71% | -0.69% |
Correlation
The correlation between VTSPX and VTIP is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VTSPX vs. VTIP - Performance Comparison
The year-to-date returns for both stocks are quite close, with VTSPX having a 4.34% return and VTIP slightly lower at 4.31%. Both investments have delivered pretty close results over the past 10 years, with VTSPX having a 2.35% annualized return and VTIP not far ahead at 2.38%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VTSPX vs. VTIP - Expense Ratio Comparison
Both VTSPX and VTIP have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
VTSPX vs. VTIP - Risk-Adjusted Performance 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 Short-Term Inflation-Protected Securities ETF (VTIP). 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.
Dividends
VTSPX vs. VTIP - Dividend Comparison
VTSPX's dividend yield for the trailing twelve months is around 2.91%, less than VTIP's 3.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTSPX Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares | 2.91% | 2.86% | 6.84% | 4.69% | 1.21% | 1.96% | 2.47% | 1.52% | 0.80% | 0.00% | 0.85% | 0.06% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.39% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
VTSPX vs. VTIP - Drawdown Comparison
The maximum VTSPX drawdown since its inception was -5.35%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for VTSPX and VTIP. For additional features, visit the drawdowns tool.
Volatility
VTSPX vs. VTIP - Volatility Comparison
Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) has a higher volatility of 0.49% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.46%. This indicates that VTSPX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.