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VTSPX vs. VTIPX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VTSPX vs. VTIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%JuneJulyAugustSeptemberOctoberNovember
3.02%
2.97%
VTSPX
VTIPX

Returns By Period

The year-to-date returns for both stocks are quite close, with VTSPX having a 4.64% return and VTIPX slightly lower at 4.57%. Both investments have delivered pretty close results over the past 10 years, with VTSPX having a 2.38% annualized return and VTIPX not far behind at 2.27%.


VTSPX

YTD

4.64%

1M

-0.08%

6M

3.03%

1Y

6.09%

5Y (annualized)

3.44%

10Y (annualized)

2.38%

VTIPX

YTD

4.57%

1M

-0.08%

6M

2.98%

1Y

5.99%

5Y (annualized)

3.34%

10Y (annualized)

2.27%

Key characteristics


VTSPXVTIPX
Sharpe Ratio3.123.13
Sortino Ratio5.165.24
Omega Ratio1.691.71
Calmar Ratio4.904.31
Martin Ratio22.6022.80
Ulcer Index0.28%0.27%
Daily Std Dev2.00%1.95%
Max Drawdown-5.35%-5.36%
Current Drawdown-0.43%-0.42%

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VTSPX vs. VTIPX - Expense Ratio Comparison

VTSPX has a 0.04% expense ratio, which is lower than VTIPX's 0.14% 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%.


VTIPX
Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares
Expense ratio chart for VTIPX: current value at 0.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.14%
Expense ratio chart for VTSPX: current value at 0.04% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.04%

Correlation

-0.50.00.51.01.0

The correlation between VTSPX and VTIPX is 0.97, 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. VTIPX - 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 Index Fund Investor Shares (VTIPX). 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.


Sharpe ratio
The chart of Sharpe ratio for VTSPX, currently valued at 3.12, compared to the broader market0.002.004.003.123.13
The chart of Sortino ratio for VTSPX, currently valued at 5.16, compared to the broader market0.005.0010.005.165.24
The chart of Omega ratio for VTSPX, currently valued at 1.69, compared to the broader market1.002.003.004.001.691.71
The chart of Calmar ratio for VTSPX, currently valued at 4.90, compared to the broader market0.005.0010.0015.0020.0025.004.904.31
The chart of Martin ratio for VTSPX, currently valued at 22.60, compared to the broader market0.0020.0040.0060.0080.00100.0022.6022.80
VTSPX
VTIPX

The current VTSPX Sharpe Ratio is 3.12, which is comparable to the VTIPX Sharpe Ratio of 3.13. The chart below compares the historical Sharpe Ratios of VTSPX and VTIPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
3.12
3.13
VTSPX
VTIPX

Dividends

VTSPX vs. VTIPX - Dividend Comparison

VTSPX's dividend yield for the trailing twelve months is around 2.90%, more than VTIPX's 2.79% yield.


TTM20232022202120202019201820172016201520142013
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%
VTIPX
Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares
2.79%2.76%6.74%4.59%1.11%1.88%2.38%1.50%0.55%0.00%0.72%0.02%

Drawdowns

VTSPX vs. VTIPX - Drawdown Comparison

The maximum VTSPX drawdown since its inception was -5.35%, roughly equal to the maximum VTIPX drawdown of -5.36%. Use the drawdown chart below to compare losses from any high point for VTSPX and VTIPX. For additional features, visit the drawdowns tool.


-0.80%-0.60%-0.40%-0.20%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.43%
-0.42%
VTSPX
VTIPX

Volatility

VTSPX vs. VTIPX - Volatility Comparison

Vanguard Short-Term Inflation-Protected Securities Index Fund Institutional Shares (VTSPX) and Vanguard Short-Term Inflation-Protected Securities Index Fund Investor Shares (VTIPX) have volatilities of 0.49% and 0.47%, 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.


0.30%0.40%0.50%0.60%0.70%JuneJulyAugustSeptemberOctoberNovember
0.49%
0.47%
VTSPX
VTIPX