WIP vs. VTP
WIP (SPDR FTSE International Government Inflation-Protected Bond ETF) and VTP (Vanguard Total Inflation-Protected Securities ETF) are both Inflation-Protected Bonds funds - WIP tracks the FTSE International Inflation-Linked Securities Select (USD) while VTP tracks the ICE U.S. Treasury Inflation Linked Bond Index 0-5. Both are passively managed. At a 0.41 correlation, their price movements are largely independent. WIP charges 0.50%/yr vs 0.05%/yr for VTP.
Performance
WIP vs. VTP - Performance Comparison
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Returns By Period
In the year-to-date period, WIP achieves a 2.25% return, which is significantly higher than VTP's 0.75% return.
WIP
- 1D
- -0.56%
- 1M
- -1.63%
- YTD
- 2.25%
- 6M
- 2.41%
- 1Y
- 5.56%
- 3Y*
- 3.92%
- 5Y*
- -0.72%
- 10Y*
- 1.40%
VTP
- 1D
- -0.02%
- 1M
- -0.12%
- YTD
- 0.75%
- 6M
- 0.95%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WIP vs. VTP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 2.25% | 3.29% |
VTP Vanguard Total Inflation-Protected Securities ETF | 0.75% | 2.46% |
Correlation
The correlation between WIP and VTP is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.41 |
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Return for Risk
WIP vs. VTP — Risk / Return Rank
WIP
VTP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WIP vs. VTP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE International Government Inflation-Protected Bond ETF (WIP) and Vanguard Total Inflation-Protected Securities ETF (VTP). 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.
| WIP | VTP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | — | — |
| Martin ratioReturn relative to average drawdown | 3.16 | — | — |
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Drawdowns
WIP vs. VTP - Drawdown Comparison
The maximum WIP drawdown since its inception was -29.60%, which is greater than VTP's maximum drawdown of -1.92%. Use the drawdown chart below to compare losses from any high point for WIP and VTP.
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Drawdown Indicators
| WIP | VTP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.60% | -1.92% | -27.68% |
Max Drawdown (1Y)Largest decline over 1 year | -5.16% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -11.16% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.66% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -28.84% | — | — |
Current DrawdownCurrent decline from peak | -5.76% | -1.09% | -4.67% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -0.52% | -8.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | — | — |
Volatility
WIP vs. VTP - Volatility Comparison
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Volatility by Period
| WIP | VTP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.08% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 8.80% | 3.34% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.46% | 3.34% | +8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.15% | 3.34% | +6.81% |
WIP vs. VTP - Expense Ratio Comparison
WIP has a 0.50% expense ratio, which is higher than VTP's 0.05% expense ratio.
Dividends
WIP vs. VTP - Dividend Comparison
WIP's dividend yield for the trailing twelve months is around 5.90%, more than VTP's 1.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTP Vanguard Total Inflation-Protected Securities ETF | 1.62% | 1.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WIP SPDR FTSE International Government Inflation-Protected Bond ETF | 5.90% | 5.51% | 6.06% | 6.54% | 11.15% | 4.63% | 1.59% | 2.49% | 4.05% | 1.91% | 1.27% | 1.14% |
Frequently Asked Questions
WIP and VTP have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTP is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTP is cheaper with a 0.05% expense ratio, compared with 0.50% for WIP.
WIP has the higher dividend yield at 5.90%, compared with 1.62% for VTP.
WIP tracks FTSE International Inflation-Linked Securities Select (USD), while VTP tracks ICE U.S. Treasury Inflation Linked Bond Index 0-5. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.50% for WIP and 0.05% for VTP.
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