VTWV vs. TIP
VTWV (Vanguard Russell 2000 Value ETF) and TIP (iShares TIPS Bond ETF) are both exchange-traded funds - VTWV is a Small Cap Value Equities fund tracking the Russell 2000 Value Index, while TIP is a Inflation-Protected Bonds fund tracking the ICE U.S. Treasury Inflation Linked Bond Index. Both are passively managed. Over the past 10 years, VTWV returned 10.58%/yr vs 2.50%/yr for TIP. At a correlation of -0.05, they often move in opposite directions. VTWV charges 0.10%/yr vs 0.18%/yr for TIP.
Performance
VTWV vs. TIP - Performance Comparison
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Returns By Period
In the year-to-date period, VTWV achieves a 19.49% return, which is significantly higher than TIP's 1.39% return. Over the past 10 years, VTWV has outperformed TIP with an annualized return of 10.58%, while TIP has yielded a comparatively lower 2.50% annualized return.
VTWV
- 1D
- 2.44%
- 1M
- 3.11%
- YTD
- 19.49%
- 6M
- 15.14%
- 1Y
- 40.78%
- 3Y*
- 17.72%
- 5Y*
- 6.85%
- 10Y*
- 10.58%
TIP
- 1D
- 0.36%
- 1M
- -0.22%
- YTD
- 1.39%
- 6M
- 1.25%
- 1Y
- 4.90%
- 3Y*
- 3.82%
- 5Y*
- 0.91%
- 10Y*
- 2.50%
VTWV vs. TIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTWV Vanguard Russell 2000 Value ETF | 19.49% | 12.72% | 7.83% | 14.67% | -14.46% | 27.90% | 4.88% | 22.44% | -13.34% | 8.06% |
TIP iShares TIPS Bond ETF | 1.39% | 6.77% | 1.65% | 3.80% | -12.26% | 5.68% | 10.84% | 8.35% | -1.42% | 2.92% |
Correlation
The correlation between VTWV and TIP is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2010 | -0.05 |
The correlation between VTWV and TIP shifts across timeframes, from -0.05 (all time) to 0.24 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VTWV vs. TIP — Risk / Return Rank
VTWV
TIP
VTWV vs. TIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Value ETF (VTWV) and iShares TIPS Bond ETF (TIP). 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.
| VTWV | TIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.74 | 2.49 | +2.25 |
| Martin ratioReturn relative to average drawdown | 16.17 | 7.44 | +8.73 |
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Drawdowns
VTWV vs. TIP - Drawdown Comparison
The maximum VTWV drawdown since its inception was -45.73%, which is greater than TIP's maximum drawdown of -14.57%. Use the drawdown chart below to compare losses from any high point for VTWV and TIP.
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Drawdown Indicators
| VTWV | TIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.73% | -14.57% | -31.16% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -1.98% | -6.66% |
Max Drawdown (3Y)Largest decline over 3 years | -26.72% | -4.54% | -22.18% |
Max Drawdown (5Y)Largest decline over 5 years | -26.72% | -14.51% | -12.21% |
Max Drawdown (10Y)Largest decline over 10 years | -45.73% | -14.51% | -31.22% |
Current DrawdownCurrent decline from peak | 0.00% | -0.47% | +0.47% |
Average DrawdownAverage peak-to-trough decline | -7.80% | -3.43% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 0.66% | +1.87% |
Volatility
VTWV vs. TIP - Volatility Comparison
Vanguard Russell 2000 Value ETF (VTWV) has a higher volatility of 5.87% compared to iShares TIPS Bond ETF (TIP) at 1.03%. This indicates that VTWV's price experiences larger fluctuations and is considered to be riskier than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTWV | TIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 1.03% | +4.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.65% | 2.35% | +10.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 3.39% | +15.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.77% | 6.21% | +15.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.56% | 5.74% | +17.82% |
VTWV vs. TIP - Expense Ratio Comparison
VTWV has a 0.10% expense ratio, which is lower than TIP's 0.18% 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
VTWV vs. TIP - Dividend Comparison
VTWV's dividend yield for the trailing twelve months is around 1.55%, less than TIP's 3.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 3.76% | 3.46% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% |
VTWV Vanguard Russell 2000 Value ETF | 1.55% | 1.79% | 1.78% | 2.02% | 2.07% | 1.60% | 1.49% | 1.82% | 2.04% | 1.63% | 1.57% | 2.03% |
Frequently Asked Questions
VTWV and TIP have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTWV has higher volatility (5.87%) compared to TIP (1.03%). In terms of maximum drawdown, VTWV dropped -45.73% vs TIP's -14.57%.
On 10-year performance, VTWV leads with 10.58% vs 2.50% for TIP. On fees, VTWV is cheaper at 0.10% per year. On volatility, TIP has been the lower-risk option at 1.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VTWV has performed better with a 10.58% return vs 2.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTWV is cheaper with a 0.10% expense ratio, compared with 0.18% for TIP.
TIP has the higher dividend yield at 3.76%, compared with 1.55% for VTWV.
VTWV is categorized as Small Cap Value Equities, while TIP is Inflation-Protected Bonds. VTWV tracks Russell 2000 Value Index, while TIP tracks ICE U.S. Treasury Inflation Linked Bond Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VTWV and 0.18% for TIP.
VTWV currently has the higher Sharpe Ratio (2.22 vs 1.45), 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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