VIPIX vs VTV
Vanguard Inflation Protected Securities Fund Insti Shs vs Vanguard Morningstar Value ETF
Quick Verdict
VTV has a lower expense ratio. VTV delivered stronger 1-year returns. VTV offers more diversification with 311 holdings.
Side-by-Side Comparison
| Metric | VIPIX | VTV | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.03% | |
| AUM | $12.4B | $187.8B | |
| Dividend Yield | 5.21% | 1.85% | |
| Holdings | 63 | 311 | |
| YTD Return | -0.53% | +18.02% | |
| 1Y Return | -2.41% | +26.57% | |
| 3Y Return (annualized) | +0.00% | +19.29% | |
| 5Y Return (annualized) | -4.69% | +12.56% | |
| Volatility (annualized) | 6.7% | 14.5% | |
| Max Drawdown | -24.5% | -61.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 12, 2003 | Jan 26, 2004 |
VIPIX vs VTV Performance
Vanguard Inflation Protected Securities Fund Insti Shs (VIPIX) is a mutual fund from Vanguard (US) and Vanguard Morningstar Value ETF (VTV) is a ETF from Vanguard (US). Over the past year VIPIX returned -2.41% while VTV returned +26.57%. Year to date, VIPIX is down 0.53% versus a gain of 18.02% for VTV.
Over three years, VIPIX compounded at +0.00% per year against +19.29% for VTV; over five years the annualized figures are -4.69% and +12.56% respectively. Across the full 5-year window we track, VTV has the edge at +7.59% annualized vs -4.69%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTV has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 6.7% 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 -24.5% for VIPIX and -61.3% for VTV. 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VIPIX charges 0.07% per year while VTV 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 1.85% for VTV.
Holdings Overlap
VIPIX and VTV share 0 holdings out of 363 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, VIPIX or VTV?
VIPIX has an expense ratio of 0.07% while VTV charges 0.03%. VTV is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, VIPIX or VTV?
Over the past year VIPIX returned -2.41% vs +26.57% for VTV, so VTV leads on 1-year performance. Over the longest common window we track (5 years), VIPIX annualized -4.69% vs +7.59% for VTV. Past performance does not guarantee future results.
Which is riskier, VIPIX or VTV?
VTV has been the more volatile fund at 14.5% annualized versus 6.7% for VIPIX. Worst drawdown: VIPIX -24.5% vs VTV -61.3%.
Should I hold both VIPIX and VTV?
VIPIX and VTV have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VIPIX and VTV?
VIPIX and VTV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 363 unique securities.
Which pays a higher dividend, VIPIX or VTV?
VIPIX yields 5.21% while VTV yields 1.85%, so VIPIX currently pays the higher dividend yield.
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