VTIP — Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares

VTIP Price Performance — Growth of $10,000

Value of a $10,000 investment in VTIP over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VTIP Drawdown

The "underwater" chart: VTIP's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares (VTIP) is a US Bonds - TIPS vehicle issued by Vanguard with $73.0B in assets under management. It holds a C grade and ranks 1 of 6 within its category, placing it 225 of 458 across all tracked ETFs. The fund’s 0.03% expense ratio sits well below the category median of 0.105%, while its 4.81% dividend yield trails the median of 5.97%. Top holdings account for 49.8% of assets, with the largest position being United States Treasury Inflation Indexed Bonds at 5.4%.

VTIP’s price of $48.83 sits at 25.0% of its 52-week range, reflecting a record available for only 3.0 years. Short-term returns show a 1D gain of +0.02% and a 1W increase of +0.31%, while the 1M return stands at +1.21%. The 1-year return of +1.96% significantly outperforms the category median of +0.06%, contrasting with a modest 6M return of +0.23%. The fund’s grade has remained unchanged at C over the last 35 tracked days.

With a beta of 0.22, the fund exhibits low sensitivity to broader market movements compared to the market average. Annualized volatility is labeled Very Low at 1.65%, and the maximum drawdown recorded is -1.38%. Liquidity is supported by an average daily volume of 2,899,979 shares. However, the Sharpe ratio of -1.84 indicates that risk-adjusted returns have been negative during the measured period.

AI-generated summary based on the data on this page.

VTIP Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 49.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VTIP's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

10-Year Breakeven Inflation Rate: 2.34% (as of 2026-10-23) — The market’s implied 10-year inflation expectation, derived from Treasury and TIPS yields — directly relevant to this fund’s inflation-protection design.

VTIP Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 2.9M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $73.0B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VTIP is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VTIP Performance History

How VTIP Compares to Other US Bonds - TIPS ETFs