VIPIX vs XLV
Vanguard Inflation Protected Securities Fund Insti Shs vs State Street Health Care Select Sector SPDR ETF
Quick Verdict
VIPIX has a lower expense ratio. XLV delivered stronger 1-year returns.
Side-by-Side Comparison
| Metric | VIPIX | XLV | Winner |
|---|---|---|---|
| Expense Ratio | 0.07% | 0.08% | |
| AUM | $12.4B | $43.9B | |
| Dividend Yield | 5.21% | 1.56% | |
| Holdings | 63 | 63 | |
| YTD Return | -0.53% | +13.25% | |
| 1Y Return | -2.52% | +29.65% | |
| 3Y Return (annualized) | +0.00% | +11.30% | |
| 5Y Return (annualized) | -4.69% | +6.83% | |
| Volatility (annualized) | 6.7% | 14.2% | |
| Max Drawdown | -24.5% | -40.6% | |
| Fund Family | Vanguard (US) | SPDR State Street Global Advisors | |
| Category | Fixed Income | Equity | |
| Inception | Dec 12, 2003 | Dec 16, 1998 |
VIPIX vs XLV Performance
Vanguard Inflation Protected Securities Fund Insti Shs (VIPIX) is a mutual fund from Vanguard (US) and State Street Health Care Select Sector SPDR ETF (XLV) is a ETF from SPDR State Street Global Advisors. Over the past year VIPIX returned -2.52% while XLV returned +29.65%. Year to date, VIPIX is down 0.53% versus a gain of 13.25% for XLV.
Over three years, VIPIX compounded at +0.00% per year against +11.30% for XLV; over five years the annualized figures are -4.69% and +6.83% respectively. Across the full 5-year window we track, XLV has the edge at +7.62% annualized vs -4.69%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XLV has been the more volatile fund, with annualized monthly volatility of 14.2% 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 -40.6% for XLV. 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VIPIX charges 0.07% per year while XLV 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 1.56% for XLV.
Holdings Overlap
VIPIX and XLV share 0 holdings out of 115 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 XLV?
VIPIX has an expense ratio of 0.07% while XLV 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 XLV?
Over the past year VIPIX returned -2.52% vs +29.65% for XLV, so XLV leads on 1-year performance. Over the longest common window we track (5 years), VIPIX annualized -4.69% vs +7.62% for XLV. Past performance does not guarantee future results.
Which is riskier, VIPIX or XLV?
XLV has been the more volatile fund at 14.2% annualized versus 6.7% for VIPIX. Worst drawdown: VIPIX -24.5% vs XLV -40.6%.
Should I hold both VIPIX and XLV?
VIPIX and XLV have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VIPIX and XLV?
VIPIX and XLV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 115 unique securities.
Which pays a higher dividend, VIPIX or XLV?
VIPIX yields 5.21% while XLV yields 1.56%, so VIPIX currently pays the higher dividend yield.
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