XHYF vs. VTIP

Last updated Jun 4, 2026

XHYF (BondBloxx US High Yield Financial & REIT Sector ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - XHYF is a High Yield Bonds fund tracking the ICE Diversified US Cash Pay High Yield Financial & REIT, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 3 years, XHYF returned 9.29%/yr vs 5.26%/yr for VTIP. At a 0.34 correlation, their price movements are largely independent. XHYF charges 0.35%/yr vs 0.03%/yr for VTIP.

Performance

XHYF vs. VTIP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XHYF achieves a -0.10% return, which is significantly lower than VTIP's 2.05% return.

XHYF

• 1D: 0.00%
• 1M: -0.31%
• YTD: -0.10%
• 6M: 0.47%
• 1Y: 5.05%
• 3Y*: 9.29%
• 5Y*: —
• 10Y*: —

VTIP

• 1D: 0.00%
• 1M: 0.04%
• YTD: 2.05%
• 6M: 2.03%
• 1Y: 4.70%
• 3Y*: 5.26%
• 5Y*: 3.37%
• 10Y*: 3.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XHYF vs. VTIP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XHYF BondBloxx US High Yield Financial & REIT Sector ETF	-0.10%	8.69%	8.65%	13.29%	-7.22%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	2.05%	6.07%	4.74%	4.62%	-2.14%

Correlation

The correlation between XHYF and VTIP is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Feb 18, 2022	0.34

Over the past year, the correlation between XHYF and VTIP has dropped to 0.08 - well below their long-term average of 0.34, suggesting their price drivers have been diverging.

Return for Risk

XHYF vs. VTIP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XHYF

XHYF Risk / Return Rank: 45
XHYF Sharpe Ratio Rank: 45
XHYF Sortino Ratio Rank: 51
XHYF Omega Ratio Rank: 48
XHYF Calmar Ratio Rank: 35
XHYF Martin Ratio Rank: 46

VTIP

VTIP Risk / Return Rank: 93
VTIP Sharpe Ratio Rank: 90
VTIP Sortino Ratio Rank: 95
VTIP Omega Ratio Rank: 93
VTIP Calmar Ratio Rank: 93
VTIP Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XHYF vs. VTIP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) 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.

	XHYF	VTIP	Difference
Sharpe ratio Return per unit of total volatility	1.57	3.15	-1.58
Sortino ratio Return per unit of downside risk	2.47	5.36	-2.88
Omega ratio Gain probability vs. loss probability	1.30	1.67	-0.37
Calmar ratio Return relative to maximum drawdown	1.71	6.75	-5.04
Martin ratio Return relative to average drawdown	7.44	26.06	-18.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XHYF vs. VTIP - Sharpe Ratio Comparison

The current XHYF Sharpe Ratio is 1.57, which is lower than the VTIP Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of XHYF and VTIP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XHYF	VTIP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	3.15	-1.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.22	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.15	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.89	-0.16

Drawdowns

XHYF vs. VTIP - Drawdown Comparison

The maximum XHYF drawdown since its inception was -12.92%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for XHYF and VTIP.

Drawdown Indicators

	XHYF	VTIP	Difference
Max Drawdown Largest peak-to-trough decline	-12.92%	-6.27%	-6.65%
Max Drawdown (1Y) Largest decline over 1 year	-3.22%	-0.70%	-2.52%
Max Drawdown (3Y) Largest decline over 3 years	-4.19%	-0.98%	-3.21%
Max Drawdown (5Y) Largest decline over 5 years	—	-5.50%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-6.27%	—
Current Drawdown Current decline from peak	-0.61%	-0.02%	-0.59%
Average Drawdown Average peak-to-trough decline	-2.54%	-1.04%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	0.18%	+0.56%

Volatility

XHYF vs. VTIP - Volatility Comparison

BondBloxx US High Yield Financial & REIT Sector ETF (XHYF) has a higher volatility of 0.94% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. This indicates that XHYF's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XHYF	VTIP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	0.43%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	2.58%	1.02%	+1.56%
Volatility (1Y) Calculated over the trailing 1-year period	3.52%	1.50%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.14%	2.77%	+4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.14%	2.74%	+4.40%

XHYF vs. VTIP - Expense Ratio Comparison

XHYF has a 0.35% expense ratio, which is higher than VTIP's 0.03% expense ratio.

Dividends

XHYF vs. VTIP - Dividend Comparison

XHYF's dividend yield for the trailing twelve months is around 6.27%, more than VTIP's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	3.58%	3.81%	2.70%	2.86%	6.84%	4.68%	1.20%	1.95%	2.45%	1.52%	0.76%
XHYF BondBloxx US High Yield Financial & REIT Sector ETF	6.27%	6.73%	7.11%	7.00%	5.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XHYF and VTIP in my portfolio?

XHYF and VTIP have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XHYF or VTIP?

XHYF has higher volatility (0.94%) compared to VTIP (0.43%). In terms of maximum drawdown, XHYF dropped -12.92% vs VTIP's -6.27%.

Which ETF is better, XHYF or VTIP?

On 3-year performance, XHYF leads with 9.29% vs 5.26% for VTIP. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XHYF or VTIP?

Over the 3-year period, XHYF has performed better with a 9.29% return vs 5.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XHYF or VTIP?

VTIP is cheaper with a 0.03% expense ratio, compared with 0.35% for XHYF.

Which ETF pays a higher dividend yield, XHYF or VTIP?

XHYF has the higher dividend yield at 6.27%, compared with 3.58% for VTIP.

What is the main difference between XHYF and VTIP?

XHYF is categorized as High Yield Bonds, while VTIP is Inflation-Protected Bonds. XHYF tracks ICE Diversified US Cash Pay High Yield Financial & REIT, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: BondBloxx and Vanguard. Their fees differ too: 0.35% for XHYF and 0.03% for VTIP.

Which has better risk-adjusted returns?

VTIP currently has the higher Sharpe Ratio (3.15 vs 1.57), 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.