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 $73.2 billion in assets under management. It holds a C grade and ranks first among the six ETFs in its category, placing it at #237 overall. The fund’s 0.03% expense ratio is significantly lower than the category median of 0.105%, while its 4.15% dividend yield trails the median of 5.21%. Nearly half of its assets, 49.8%, are concentrated in its top ten holdings, with the largest position being United States Treasury Inflation Indexed Bonds at 5.4%.

VTIP has delivered a 1-year return of +2.14%, outperforming the category median of +0.74%, though its 3-year return of +15.69% reflects a longer-term accumulation. Short-term performance shows modest gains, with the 1-day return at -0.04% and the 1-week return at +0.08%. The current price of $49.73 sits at 26.0% of its 52-week range, indicating it is near the lower end of recent trading levels. The ETFValuer grade has remained unchanged at C over the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits Very Low volatility at 1.48% annualized and a beta of 0.20, suggesting it moves only 20% as much as the broader market. Despite this low volatility, the Sharpe ratio is -1.93, and the maximum drawdown has been -0.98%. Liquidity is characterized by an average daily volume of 2,465,304 shares but a wide bid/ask spread of 3.11%. These metrics collectively describe a fund that has experienced minimal price swings and limited downside over the recorded 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: 4.80% (as of 2026-09-08) — 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): 15.72 (as of 2026-09-08) — 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: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

10-Year Breakeven Inflation Rate: 2.37% (as of 2026-09-09) — 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: Quoted bid/ask spread is 3.11% and average daily volume is 2.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $73.2B 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