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.
Performance
VTSPX vs. VTIP - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with VTSPX having a 4.64% return and VTIP slightly lower at 4.61%. Both investments have delivered pretty close results over the past 10 years, with VTSPX having a 2.38% annualized return and VTIP not far ahead at 2.41%.
VTSPX
4.64%
-0.08%
3.03%
6.09%
3.44%
2.38%
VTIP
4.61%
-0.08%
3.01%
6.59%
3.53%
2.41%
Key characteristics
| VTSPX | VTIP | |
|---|---|---|
| Sharpe Ratio | 3.12 | 3.15 |
| Sortino Ratio | 5.16 | 5.58 |
| Omega Ratio | 1.69 | 1.73 |
| Calmar Ratio | 4.90 | 4.96 |
| Martin Ratio | 22.60 | 24.40 |
| Ulcer Index | 0.28% | 0.27% |
| Daily Std Dev | 2.00% | 2.13% |
| Max Drawdown | -5.35% | -6.27% |
| Current Drawdown | -0.43% | -0.41% |
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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%.
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.
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 2.90%, less than VTIP's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTSPX Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares | 2.90% | 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 | 3.38% | 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) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) have volatilities of 0.49% and 0.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.