VUBFX vs. VTIP
Compare and contrast key facts about Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
VUBFX is managed by Vanguard. It was launched on Feb 24, 2015. VTIP is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. It was launched on Oct 12, 2012.
Performance
VUBFX vs. VTIP - Performance Comparison
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VUBFX vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 0.59% | 5.04% | 5.99% | 5.43% | -0.53% | 0.03% | 1.95% | 3.34% | 1.94% | 1.23% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 0.87% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
Returns By Period
In the year-to-date period, VUBFX achieves a 0.59% return, which is significantly lower than VTIP's 0.87% return. Over the past 10 years, VUBFX has underperformed VTIP with an annualized return of 2.56%, while VTIP has yielded a comparatively higher 3.05% annualized return.
VUBFX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.59%
- 6M
- 1.62%
- 1Y
- 4.31%
- 3Y*
- 5.24%
- 5Y*
- 3.26%
- 10Y*
- 2.56%
VTIP
- 1D
- -0.11%
- 1M
- 0.03%
- YTD
- 0.87%
- 6M
- 1.15%
- 1Y
- 3.80%
- 3Y*
- 4.62%
- 5Y*
- 3.46%
- 10Y*
- 3.05%
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VUBFX vs. VTIP - Expense Ratio Comparison
VUBFX has a 0.20% expense ratio, which is higher than VTIP's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VUBFX vs. VTIP — Risk / Return Rank
VUBFX
VTIP
VUBFX vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) 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.
| VUBFX | VTIP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.18 | 2.01 | +3.17 |
Sortino ratioReturn per unit of downside risk | 10.17 | 3.03 | +7.14 |
Omega ratioGain probability vs. loss probability | 3.60 | 1.42 | +2.18 |
Calmar ratioReturn relative to maximum drawdown | 14.46 | 3.90 | +10.56 |
Martin ratioReturn relative to average drawdown | 65.22 | 12.53 | +52.69 |
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
| VUBFX | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.18 | 2.01 | +3.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.34 | 1.25 | +2.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 3.07 | 1.12 | +1.95 |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.06 | 0.87 | +2.19 |
Correlation
The correlation between VUBFX and VTIP is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VUBFX vs. VTIP - Dividend Comparison
VUBFX's dividend yield for the trailing twelve months is around 4.12%, more than VTIP's 3.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
VUBFX Vanguard Ultra-Short-Term Bond Fund Investor Shares | 4.12% | 4.62% | 5.42% | 4.06% | 1.28% | 0.43% | 1.52% | 2.58% | 2.13% | 1.43% | 0.98% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.63% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Drawdowns
VUBFX vs. VTIP - Drawdown Comparison
The maximum VUBFX drawdown since its inception was -1.86%, smaller than the maximum VTIP drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for VUBFX and VTIP.
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Drawdown Indicators
| VUBFX | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.86% | -6.27% | +4.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -0.98% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -1.86% | -5.50% | +3.64% |
Max Drawdown (10Y)Largest decline over 10 years | -1.86% | -6.27% | +4.41% |
Current DrawdownCurrent decline from peak | -0.10% | -0.37% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -0.17% | -1.05% | +0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.30% | -0.23% |
Volatility
VUBFX vs. VTIP - Volatility Comparison
The current volatility for Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) is 0.34%, while Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) has a volatility of 0.62%. This indicates that VUBFX experiences smaller price fluctuations and is considered to be less risky than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUBFX | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 0.62% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.55% | 0.98% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.84% | 1.90% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.98% | 2.78% | -1.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.84% | 2.74% | -1.90% |