VIPIX vs XLK
Vanguard Inflation Protected Securities Fund Insti Shs vs State Street Technology Select Sector SPDR ETF
Quick Verdict
VIPIX has a lower expense ratio. XLK delivered stronger 1-year returns. XLK offers more diversification with 77 holdings.
Side-by-Side Comparison
| Metric | VIPIX | XLK | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.08% | |
| AUM | $12.4B | $124.4B | |
| Dividend Yield | 5.21% | 0.45% | |
| Holdings | 63 | 77 | |
| YTD Return | -0.86% | +27.34% | |
| 1Y Return | -2.83% | +42.34% | |
| 3Y Return (annualized) | -0.18% | +30.61% | |
| 5Y Return (annualized) | -4.75% | +19.29% | |
| Volatility (annualized) | 6.7% | 23.2% | |
| Max Drawdown | -24.5% | -82.0% | |
| Fund Family | Vanguard (US) | SPDR State Street Global Advisors | |
| Category | Fixed Income | Equity | |
| Inception | Dec 12, 2003 | Dec 16, 1998 |
VIPIX vs XLK Performance
Vanguard Inflation Protected Securities Fund Insti Shs (VIPIX) is a mutual fund from Vanguard (US) and State Street Technology Select Sector SPDR ETF (XLK) is a ETF from SPDR State Street Global Advisors. Over the past year VIPIX returned -2.83% while XLK returned +42.34%. Year to date, VIPIX is down 0.86% versus a gain of 27.34% for XLK.
Over three years, VIPIX compounded at -0.18% per year against +30.61% for XLK; over five years the annualized figures are -4.75% and +19.29% respectively. Across the full 5-year window we track, XLK has the edge at +9.37% annualized vs -4.75%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLK has been the more volatile fund, with annualized monthly volatility of 23.2% 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 -82.0% for XLK. 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 XLK charges 0.08%. On a $10,000 position that is $7 vs $8 annually, a gap of $1 per year that compounds over a long holding period. On income, VIPIX currently yields 5.21% against 0.45% for XLK.
Holdings Overlap
VIPIX and XLK share 0 holdings out of 130 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 XLK?
VIPIX has an expense ratio of 0.07% while XLK charges 0.08%. VIPIX is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, VIPIX or XLK?
Over the past year VIPIX returned -2.83% vs +42.34% for XLK, so XLK leads on 1-year performance. Over the longest common window we track (5 years), VIPIX annualized -4.75% vs +9.37% for XLK. Past performance does not guarantee future results.
Which is riskier, VIPIX or XLK?
XLK has been the more volatile fund at 23.2% annualized versus 6.7% for VIPIX. Worst drawdown: VIPIX -24.5% vs XLK -82.0%.
Should I hold both VIPIX and XLK?
VIPIX and XLK 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 XLK?
VIPIX and XLK share 0 common holdings with a 0.0% weight overlap. Combined, they hold 130 unique securities.
Which pays a higher dividend, VIPIX or XLK?
VIPIX yields 5.21% while XLK yields 0.45%, so VIPIX currently pays the higher dividend yield.
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