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DFIP vs VTIP

Dimensional Inflation-Protected Securities ETF

DFIPBNYSE Arca

Vanguard Short-Term Inflation-Protected Securities ETF

VTIPANasdaq

Overlap

No data

Expense ratio

VTIP −0.08pt a year

DFIP0.11%VTIP0.03%

Avg volume · 30D

VTIP 16.3×the volume

DFIP170KVTIP2.77M

3Y return · a year

VTIP +0.1pt

DFIP+5.0%VTIP+5.1%

DFIP vs VTIP Performance

Oct 31, 2025 – Oct 30, 2026

−0.1%DFIP+2.7%VTIP

Oct 31, 2025 to Oct 30, 2026. DFIP −0.1%. VTIP +2.7%. Use the arrow keys to read each point.−3%−2%−1%1%2%Oct 2025Apr 2026Oct 2026
Expense ratio
DFIP 0.11%
VTIP 0.03%, better
Fund size
DFIP $1.14B
VTIP $73.1B
1Y total return
DFIP −0.1%
VTIP +2.7%, better
Yield (12M)
DFIP 5.29%, better
VTIP 4.79%
Holdings
DFIP 23
VTIP 27
Avg volume (30D)
DFIP 170K sh
VTIP 2.77M sh, better
NAV per share
DFIP $40.00
VTIP $48.95
52W range

ETF.net Grade

DFIP: Cost 43, Risk 35, Mission 100, Tradability 74, Holdings 62, Durability 69. VTIP: Cost 98, Risk 57, Mission 43, Tradability 82, Holdings 68, Durability 96.
Pillar letters and Scores for DFIP, VTIP, with each pillar’s weight
PillarDFIPVTIP
Cost30% weightC43A98Higher
Mission25% weightA100HigherC43
Risk15% weightD35B57Higher
Tradability15% weightA74A82Higher
Holdings10% weightB62B68Higher
Durability5% weightB69A96Higher

Rank among TIPS funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DFIP and VTIP are both graded against the same 40 TIPS funds, so their Grades compare head to head.

TIPS⁠

Category · 40 funds
See all 40 ›

VTIP ranks 4th and DFIP 10th of 40 funds in the TIPS Category.

  1. Rank 4APBTPInvesco 0-5 Yr US TIPS ETFScore 72
  2. Rank 4AVTIPVanguard Short-Term Inflation-Protected Securities ETFScore 72
  3. Rank 6BSPIPState Street SPDR Portfolio TIPS ETFScore 68
  4. Rank 9BTIPiShares TIPS Bond ETFScore 65
  5. Rank 10BDFIPDimensional Inflation-Protected Securities ETFScore 63
  6. Rank 10BIBIGiShares iBonds Oct 2030 Term TIPS ETFScore 63

Our read on each fund

ETF.net Research

DFIPBDimensional Inflation-Protected Securities ETF

VTIPAVanguard Short-Term Inflation-Protected Securities ETF

In short

DFIP Dimensional's TIPS vehicle: US inflation-linked Treasuries, one job, 0.11% a year. Priced a shade under the typical Treasury-bond ETF, though plain index TIPS funds go cheaper still.

VTIP Inflation 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

DFIP The fund seeks inflation protection and current income consistent with inflation-protected securities.

VTIP 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

  • DFIP One job, straight from its objective: inflation protection plus current income from inflation-protected securities. No credit detours.
  • Charges 0.11% a year, just under the typical fund in its Treasury peer group.
  • The portfolio stays close to what the objective promises, and the fund sits in the upper half of its Treasury cohort.
  • Listed in 2021 and now a billion-dollar-plus fund, so this is no thin, untested ticker.
  • VTIP Three 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.vanguard.com
  • TIPS 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.vanguard.com
  • Open 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

  • DFIP Index-tracking TIPS exposure comes cheaper: SCHP charges 0.03% against 0.11% here. The gap buys Dimensional's version of the job.
  • Payouts arrive on an irregular schedule, not a fixed monthly check.
  • Volume is moderate rather than heavy for the category, so execution costs can matter more on large orders.
  • VTIP Short 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.
  • Income rides on CPI accruals, so the quarterly payout moves around rather than arriving as a steady coupon.
  • This is one narrow slice of one market, short US Treasury TIPS, not a diversified bond portfolio.

Full DFIP profile⁠

Full VTIP profile⁠

DFIP vs VTIP Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DFIP vs VTIP Cost

Overpaying DFIP vs VTIP

$1,675

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DFIP 0.11%

    $2,313

  • VTIP 0.03%

    $638

$10,000
30 years

Cost over time

  • DFIP 0.11%
  • VTIP 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530DFIP $2,313VTIP $638

Year by year

YearDFIPVTIPOverpaying
10$201$55$146
20$788$216$572
30$2,313$638$1,675

Expense ratio

  • 0.11%DFIP
  • 0.03%VTIP, cheaper
  • Middle half of TIPS funds
  • Median 0.10%

VTIP cheapest of 40 funds

DFIP 22nd cheapest of 40 funds

DFIP vs VTIP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFIP 5.29%, better
VTIP 4.79%
Payout (12M)
DFIP $2.12
VTIP $2.35
Last payment
DFIP $0.09
VTIP $0.93
Ex-dividend
DFIP Oct 20, 2026
VTIP Oct 1, 2026
Paid on
DFIP Oct 22, 2026
VTIP Oct 5, 2026
Frequency
DFIP Irregular
VTIP Quarterly

Distribution history

Per share, 2023 to 2026, same scale for both

DFIPIrregular · 36 paymentsAll DFIP payments⁠
One bar per payment. 36 payments from 2023 to 2026 YTD. Apr 18, 2023 $0.23; May 23, 2023 $0.25; Jun 21, 2023 $0.16; Jul 18, 2023 $0.18; Aug 22, 2023 $0.16; Sep 19, 2023 $0.13; Oct 24, 2023 $0.17; Nov 21, 2023 $0.15; Dec 19, 2023 $0.08; Apr 16, 2024 $0.16; May 21, 2024 $0.32; Jun 18, 2024 $0.29; Jul 16, 2024 $0.19; Aug 20, 2024 $0.08; Sep 17, 2024 $0.07; Oct 22, 2024 $0.11; Nov 19, 2024 $0.10; Dec 17, 2024 $0.19; Jan 22, 2025 $0.0075; Feb 19, 2025 $0.03; Mar 25, 2025 $0.14; Apr 22, 2025 $0.22; May 20, 2025 $0.26; Jun 24, 2025 $0.17; Jul 22, 2025 $0.17; Aug 19, 2025 $0.16; Sep 23, 2025 $0.17; Oct 21, 2025 $0.14; Nov 18, 2025 $0.18; Dec 16, 2025 $0.29; Apr 21, 2026 $0.10; May 19, 2026 $0.24; Jun 23, 2026 $0.46; Jul 21, 2026 $0.46; Aug 18, 2026 $0.29; Oct 20, 2026 $0.09. Use the arrow keys to read each point.$0$120232026YTD
VTIPQuarterly · 15 paymentsAll VTIP payments⁠
One bar per payment. 15 payments from 2023 to 2026 YTD. 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; Oct 1, 2026 $0.93. Use the arrow keys to read each point.$0$120232026YTD

DFIP vs VTIP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
DFIP 4.8%VTIP 1.9%, better
Return per unit of riskSharpe ratio, 3 years
DFIP 0.12VTIP 0.29, better
Worst fallMax drawdown, 5 years
DFIP −14.9%since Nov 2021VTIP −5.5%
Market sensitivityBeta, 5 years
DFIP 0.74VTIP 0.21

DFIP and VTIP in the news

All news⁠

Popular comparisons

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