VIPIX vs VV
Vanguard Inflation Protected Securities Fund Insti Shs vs Vanguard Large-Cap ETF
Quick Verdict
VV has a lower expense ratio. VV delivered stronger 1-year returns. VV offers more diversification with 431 holdings.
Side-by-Side Comparison
| Metric | VIPIX | VV | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.03% | |
| AUM | $12.5B | $52.5B | |
| Dividend Yield | 3.54% | 1.25% | |
| Holdings | 63 | 446 | |
| YTD Return | -1.07% | +14.35% | |
| 1Y Return | -3.04% | +21.73% | |
| 3Y Return (annualized) | -0.43% | +22.06% | |
| 5Y Return (annualized) | -4.84% | +12.95% | |
| Volatility (annualized) | 6.7% | 14.8% | |
| Max Drawdown | -24.5% | -56.0% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 12, 2003 | Jan 27, 2004 |
VIPIX vs VV Performance
Vanguard Inflation Protected Securities Fund Insti Shs (VIPIX) is a mutual fund from Vanguard (US) and Vanguard Large-Cap ETF (VV) is a ETF from Vanguard (US). Over the past year VIPIX returned -3.04% while VV returned +21.73%. Year to date, VIPIX is down 1.07% versus a gain of 14.35% for VV.
Over three years, VIPIX compounded at -0.43% per year against +22.06% for VV; over five years the annualized figures are -4.84% and +12.95% respectively. Across the full 5-year window we track, VV has the edge at +9.55% annualized vs -4.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VV has been the more volatile fund, with annualized monthly volatility of 14.8% 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 -56.0% for VV. 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VIPIX charges 0.07% per year while VV 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 3.54% against 1.25% for VV.
Holdings Overlap
VIPIX and VV share 0 holdings out of 486 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 VV?
VIPIX has an expense ratio of 0.07% while VV charges 0.03%. VV is the cheaper option. On a $10,000 investment, that is $4 per year of difference.
Which performed better, VIPIX or VV?
Over the past year VIPIX returned -3.04% vs +21.73% for VV, so VV leads on 1-year performance. Over the longest common window we track (5 years), VIPIX annualized -4.84% vs +9.55% for VV. Past performance does not guarantee future results.
Which is riskier, VIPIX or VV?
VV has been the more volatile fund at 14.8% annualized versus 6.7% for VIPIX. Worst drawdown: VIPIX -24.5% vs VV -56.0%.
Should I hold both VIPIX and VV?
VIPIX and VV have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VIPIX and VV?
VIPIX and VV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 486 unique securities.
Which pays a higher dividend, VIPIX or VV?
VIPIX yields 3.54% while VV yields 1.25%, so VIPIX currently pays the higher dividend yield.
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