Skip to content
etf.net

VTIP

GradeANASDAQ Global Market

Vanguard Short-Term Inflation-Protected Securities ETF

Specialty Bonds · Vanguard · Inception 2012-10-12 · SEC filings

$49.20−0.14 (−0.28%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 49.34 to 49.20. Range 49.17 to 49.32. Use the arrow keys to read each point.$49.15$49.25$49.3010 AM12 PM2 PM4 PM
Expense ratio
0.03%
Fund size
$73.2B
1Y return
+1.5%
Yield · Last 12 months
4.18%
Holdings
21
Volume · 30D
2.7M sh
NAV per share
$49.32
52W range
low $49.30high $50.70

The ETF.net VTIP Grade

A

76/ 100

Rank 4 of 41 in TIPS⁠

Confidence High

Six-pillar profile for VTIP. Scores out of 100: Cost 98, Risk 59, Mission 59, Tradability 79, Holdings 67, Durability 96. Strongest: Cost (98). Weakest: Mission (59). Leans toward Cost and Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 76 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 98
    Category rank3/41 · top 7%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    BScore 59
    Category rank27/32 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 59
    Category rank10/41 · top 24%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    AScore 79
    Category rank5/41 · top 12%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 67
    Category rank16/41 · top 39%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 96
    Category rank1/41 · top 2%

Graded as of Sep 22, 2026

Our read on VTIP

ETF.net Research

AInflation protection without the long-bond whiplash. VTIP holds only Treasury TIPS maturing inside five years, so CPI does most of the driving and rate swings do less of it, for three basis points a year.

Stated mandate

Tracks a benchmark measuring the investment return of U.S. Treasury inflation-protected public obligations with remaining maturities under five years.

Why people hold it

  1. 01Three basis points a year, against a 0.12% median for Treasury bond ETFs in its group. Vanguard's at-cost setup shows up right in the fee line.advisors.vanguard.com
  2. 02TIPS principal ratchets with CPI, and the under-five-year maturity cap keeps duration short, so rate moves land lighter here than in full-curve TIPS funds like SCHP.advisors.vanguard.com
  3. 03Open since 2012 and now a multi-billion-dollar, actively traded fund that owns Treasury paper directly. Plain index rules, no swaps, no credit detours.

Worth knowing

  1. 01Short maturities cut both ways: less sensitivity to rates, and less exposure to shifts in long-run inflation expectations than a full-maturity TIPS fund such as SCHP.
  2. 02Income rides on CPI accruals, so the quarterly payout moves around rather than arriving as a steady coupon.
  3. 03This is one narrow slice of one market, short US Treasury TIPS, not a diversified bond portfolio.

VTIP Holdings

As of Sep 21, 2026, 7:25 PM
Asset class
Bonds
Holdings
21
Top-10 weight
50%
Largest holding
United States Treasury Inflation Indexed Bonds 1.13% 10/15/20305.4%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—United States Treasury Inflation Indexed Bonds 1.13% 10/15/20305.35%40,547,934$3.9B6
002—United States Treasury Inflation Indexed Bonds 1.25% 04/15/20315.30%40,290,214$3.9B12
003—United States Treasury Inflation Indexed Bonds 1.63% 04/15/20305.26%39,151,907$3.8B11
004—United States Treasury Inflation Indexed Bonds 1.63% 10/15/20295.17%38,166,000$3.8B12
005—United States Treasury Inflation Indexed Bonds 2.13% 04/15/20294.98%36,376,438$3.6B14
006—United States Treasury Inflation Indexed Bonds 2.38% 10/15/20284.96%35,968,419$3.6B13
007—United States Treasury Inflation Indexed Bonds 1.63% 10/15/20274.83%35,442,219$3.5B8
008—United States Treasury Inflation Indexed Bonds 0.13% 04/15/20274.77%35,349,182$3.5B12
009—United States Treasury Inflation Indexed Bonds 1.25% 04/15/20284.70%34,943,741$3.4B10
010—United States Treasury Inflation Indexed Bonds 0.13% 10/15/20264.68%34,252,714$3.4B4
011—United States Treasury Inflation Indexed Bonds 0.13% 07/15/20314.57%36,609,466$3.3B7
012—United States Treasury Inflation Indexed Bonds 0.13% 01/15/20314.56%36,288,300$3.3B8
013—United States Treasury Inflation Indexed Bonds 0.13% 07/15/20304.40%34,520,006$3.2B7
014—United States Treasury Inflation Indexed Bonds 0.50% 01/15/20284.27%31,938,650$3.1B12
015—United States Treasury Inflation Indexed Bonds 0.38% 07/15/20274.21%31,201,185$3.1B8

Showing 1–15 of 27 holdings

VTIP Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

VTIP$10,154
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. VTIP $10,154. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for VTIP. Periods over one year show the average yearly return.
PeriodVTIP
Year to date+1.2%
1 month−0.9%
3 months−0.2%
1 year+1.5%
3 years+4.8%per year
5 years+3.0%per year
10 years+3.0%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for VTIP
YearReturn barVTIP
2026 YTD+1.2%
2025+6.1%
2024+4.7%
2023+4.6%
2022−3.0%
2021+5.4%
2020+4.9%

VTIP in the news

VTIP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
4.18%Last 12 months
Payout per share
$2.06Last 12 months
Last payment
$0.68 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 31 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.74; Jun 18, 2018 $0.29; Sep 24, 2018 $0.52; Dec 13, 2018 $0.36; Jun 17, 2019 $0.17; Sep 24, 2019 $0.44; Dec 23, 2019 $0.35; Oct 1, 2020 $0.28; Dec 23, 2020 $0.33; Mar 25, 2021 $0.09; Jul 1, 2021 $0.48; Oct 1, 2021 $0.87; Dec 23, 2021 $0.96; Apr 1, 2022 $0.49; Jul 1, 2022 $0.68; Oct 3, 2022 $0.90; Dec 23, 2022 $1.12; Apr 3, 2023 $0.03; Jul 3, 2023 $0.35; Oct 2, 2023 $0.34; Dec 22, 2023 $0.64; Apr 1, 2024 $0.03; Jul 1, 2024 $0.44; Oct 1, 2024 $0.31; Dec 24, 2024 $0.53; Apr 1, 2025 $0.10; Jul 1, 2025 $0.43; Oct 1, 2025 $0.65; Dec 18, 2025 $0.71; Apr 1, 2026 $0.02; Jul 1, 2026 $0.68. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jul 1, 2026Jul 6, 2026$0.68
Apr 1, 2026Apr 6, 2026$0.02
Dec 18, 2025Dec 22, 2025$0.71
Oct 1, 2025Oct 3, 2025$0.65
Jul 1, 2025Jul 3, 2025$0.43
Apr 1, 2025Apr 3, 2025$0.10
Dec 24, 2024Dec 27, 2024$0.53
Oct 1, 2024Oct 3, 2024$0.31
Jul 1, 2024Jul 3, 2024$0.44
Apr 1, 2024Apr 4, 2024$0.03
Dec 22, 2023Dec 28, 2023$0.64
Oct 2, 2023Oct 5, 2023$0.34

VTIP Risk

How much the fund’s monthly returns vary, scaled to a year.
1.7%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.22
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−5.5%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.21
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

VTIP Cost

Expense ratio0.03%
  • The middle half of TIPS funds
  • Median 0.10%

No TIPS fund charges less.

VTIP costs $3.00 a year on $10,000. The median TIPS fund costs $10.00.