SPIP vs VTI
State Street SPDR Portfolio TIPS ETF vs Vanguard Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.
Side-by-Side Comparison
| Metric | SPIP | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.12% | 0.03% | |
| AUM | $1.0B | $663.5B | |
| Dividend Yield | 4.77% | 1.07% | |
| Holdings | 51 | 3,543 | |
| YTD Return | +0.01% | +14.96% | |
| 1Y Return | +0.92% | +22.39% | |
| 3Y Return (annualized) | +3.77% | +21.51% | |
| 5Y Return (annualized) | -0.01% | +12.36% | |
| Volatility (annualized) | 5.9% | 15.4% | |
| Max Drawdown | -18.7% | -56.6% | |
| Fund Family | State Street Investment Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | May 25, 2007 | May 24, 2001 |
SPIP vs VTI Performance
State Street SPDR Portfolio TIPS ETF (SPIP) is a ETF from State Street Investment Management and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year SPIP returned +0.92% while VTI returned +22.39%. Year to date, SPIP is up 0.01% versus a gain of 14.96% for VTI.
Over three years, SPIP compounded at +3.77% per year against +21.51% for VTI; over five years the annualized figures are -0.01% and +12.36% respectively. Across the full 19-year window we track, VTI has the edge at +8.16% annualized vs +1.56%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 5.9% for SPIP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -18.7% for SPIP and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.32. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPIP charges 0.12% per year while VTI charges 0.03%. On a $10,000 position that is $12 vs $3 annually, a gap of $9 per year that compounds over a long holding period. On income, SPIP currently yields 4.77% against 1.07% for VTI.
Holdings Overlap
SPIP and VTI share 0 holdings out of 2828 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPIP or VTI?
SPIP has an expense ratio of 0.12% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, SPIP or VTI?
Over the past year SPIP returned +0.92% vs +22.39% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (19 years), SPIP annualized +1.56% vs +8.16% for VTI. Past performance does not guarantee future results.
Which is riskier, SPIP or VTI?
VTI has been the more volatile fund at 15.4% annualized versus 5.9% for SPIP. Worst drawdown: SPIP -18.7% vs VTI -56.6%.
Should I hold both SPIP and VTI?
SPIP and VTI have a monthly-return correlation of 0.32, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPIP and VTI?
SPIP and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2828 unique securities.
Which pays a higher dividend, SPIP or VTI?
SPIP yields 4.77% while VTI yields 1.07%, so SPIP currently pays the higher dividend yield.
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