VIPIX vs VTCIX
Vanguard Inflation Protected Securities Fund Insti Shs vs Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares
Which is better, VIPIX or VTCIX?
Inflation Protection against Large Cap Blend.
VTCIX has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | VIPIX | VTCIX |
|---|---|---|
| Expense Ratio | 0.07% | 0.03%Best |
| AUM | $12.4B | $5.2B |
| Dividend Yield | 5.21% | 0.90% |
| Holdings | 81 | 836 |
| YTD Price Return | -2.03% | +11.09% |
| 1Y Price Return | -5.76% | +14.93% |
| 3Y Price Return (annualized) | -0.72% | +19.38% |
| 5Y Price Return (annualized) | -5.12% | +10.76% |
| Volatility (annualized) | 6.6%Best | 15.9% |
| Max Drawdown | -24.3%Best | -26.0% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Inflation Protection | Large Cap Blend |
| Inception | Dec 12, 2003 | Feb 24, 1999 |
Not shown on this pair: $10,000 over 5 years, Top 10 Weight.
A price return is not the return of a fund that pays its income out. The coupon or distribution never appears in the price, so the return rows carry no winner here. VIPIX currently yields 5.21% and VTCIX 0.90%.
Volatility and max drawdown are measured over the window both funds cover: Sep 16, 2021 to Sep 14, 2026 (5 years).
VIPIX vs VTCIX Performance
Vanguard Inflation Protected Securities Fund Insti Shs (VIPIX) is a mutual fund from Vanguard (US) and Vanguard Tax-Managed Capital Appreciation Fund Institutional Shares (VTCIX) is a mutual fund from Vanguard (US). Over the past year VIPIX's price moved -5.76% and VTCIX's +14.93%, before the income each one paid out.
Over three years, VIPIX compounded at -0.72% per year against +19.38% for VTCIX; over five years the annualized figures are -5.12% and +10.76% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTCIX has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 6.6% for VIPIX. 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 -24.3% for VIPIX and -26.0% for VTCIX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
VIPIX charges 0.07% per year while VTCIX charges 0.03%. On a $10,000 position that is $7 vs $3 annually, a gap of $4 per year that compounds over a long holding period. On income, VIPIX currently yields 5.21% against 0.90% for VTCIX.
Holdings Overlap
We hold position weights for 52 holdings in VIPIX and 885 in VTCIX, totalling 74.3% and 99.4% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 52 positions we hold weights for in VIPIX and 885 in VTCIX, against full books of 81 and 836.
You are not choosing between two funds in isolation.
Whichever of VIPIX and VTCIX you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VIPIX or VTCIX?
VIPIX has an expense ratio of 0.07% while VTCIX charges 0.03%. VTCIX is the cheaper option, by $4 a year on a $10,000 investment.
Which is riskier, VIPIX or VTCIX?
VTCIX has been the more volatile fund at 15.9% annualized versus 6.6% for VIPIX. Worst drawdown: VIPIX -24.3% vs VTCIX -26.0%.
Should I hold both VIPIX and VTCIX?
VIPIX and VTCIX have a monthly-return correlation of 0.67, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, VIPIX or VTCIX?
VIPIX yields 5.21% while VTCIX yields 0.90%, so VIPIX currently pays the higher dividend yield.
Is VTCIX better than VIPIX?
VTCIX has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.