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DFIP vs VTP

Dimensional Inflation-Protected Securities ETF

DFIPBNYSE Arca

Vanguard Total Inflation-Protected Securities ETF

VTPANYSE Arca

Overlap

No data

Expense ratio

VTP −0.06pt a year

DFIP0.11%VTP0.05%

Avg volume · 30D

DFIP 2.7×the volume

DFIP170KVTP63.4K

DFIP vs VTP Performance

Oct 31, 2025 – Oct 30, 2026

−0.1%DFIP+0.2%VTP

Oct 31, 2025 to Oct 30, 2026. DFIP −0.1%. VTP +0.2%. Use the arrow keys to read each point.−3%−2%−1%1%Oct 2025May 2026Oct 2026
Expense ratio
DFIP 0.11%
VTP 0.05%, better
Fund size
DFIP $1.14B
VTP $251M
1Y total return
DFIP −0.1%
VTP +0.2%, better
Yield (12M)
DFIP 5.29%, better
VTP 3.74%
Holdings
DFIP 23
VTP 51
Avg volume (30D)
DFIP 170K sh, better
VTP 63.4K sh
NAV per share
DFIP $40.00
VTP $74.00
52W range

ETF.net Grade

DFIP: Cost 43, Risk 35, Mission 100, Tradability 74, Holdings 62, Durability 69. VTP: Cost 93, Risk 37, Mission 100, Tradability 51, Holdings 79, Durability 67.
Pillar letters and Scores for DFIP, VTP, with each pillar’s weight
PillarDFIPVTP
Cost30% weightC43A93Higher
Mission25% weightA100A100
Risk15% weightD35D37Higher
Tradability15% weightA74HigherC51
Holdings10% weightB62A79Higher
Durability5% weightB69HigherB67

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 VTP are both graded against the same 40 TIPS funds, so their Grades compare head to head.

TIPS⁠

Category · 40 funds
See all 40 ›

VTP ranks 3rd and DFIP 10th of 40 funds in the TIPS Category.

  1. Rank 1ASCHPSchwab US TIPS ETFScore 85
  2. Rank 2ASTIPiShares 0-5 Year TIPS Bond ETFScore 80
  3. Rank 3AVTPVanguard Total Inflation-Protected Securities ETFScore 77
  4. Rank 4APBTPInvesco 0-5 Yr US TIPS ETFScore 72
  5. Rank 9BTIPiShares TIPS Bond ETFScore 65
  6. Rank 10BDFIPDimensional Inflation-Protected Securities ETFScore 63
  7. Rank 10BIBIGiShares iBonds Oct 2030 Term TIPS ETFScore 63

Our read on each fund

ETF.net Research

DFIPBDimensional Inflation-Protected Securities ETF

VTPAVanguard Total 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.

VTP Vanguard's ETF answer for the whole TIPS curve. It tracks a market-value-weighted index of Treasury inflation-linked bonds with at least a year left to run, charges five basis points, and opened for business in 2025.

Stated mandate

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

VTP The Fund passively tracks the full market of U.S. Treasury inflation-protected public obligations through the ICE U.S. Treasury Inflation Linked Bond Index.

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.
  • VTP Five basis points: under half the typical fund in its Treasury peer group, and well below the 0.12% charged by broad TIPS rival SPIP.
  • Full-curve coverage. The index is market value weighted and takes inflation-protected Treasuries with at least one year to maturity, no upper limit, so no single maturity slice bet.ice.com
  • Vanguard's other inflation-linked ETF stops below five years to maturity. This one is the long-end-included sibling, in the same low-cost index wrapper.vanguard.com
  • The inflation link sits inside the bonds, not in a strategy overlay: principal and coupons are indexed to consumer prices, and the fund passes income through quarterly.vanguard.com

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.
  • VTP Owning the long end cuts both ways. Real-rate moves hit a full-maturity TIPS portfolio harder than a sub-five-year one, so expect more price movement.ice.comvanguard.com
  • A 2025 launch means a short track record and thinner trading than the long-established TIPS funds, which can show up as wider bid-ask spreads.
  • Payouts move with inflation adjustments rather than a fixed rate, and Vanguard discloses that a distribution can include return of capital.vanguard.com

Full DFIP profile⁠

Full VTP profile⁠

DFIP vs VTP 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 VTP Cost

Overpaying DFIP vs VTP

$1,253

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

  • DFIP 0.11%

    $2,313

  • VTP 0.05%

    $1,060

$10,000
30 years

Cost over time

  • DFIP 0.11%
  • VTP 0.05%
  • 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 $2,313VTP $1,060

Year by year

YearDFIPVTPOverpaying
10$201$92$109
20$788$360$428
30$2,313$1,060$1,253

Expense ratio

  • 0.11%DFIP
  • 0.05%VTP, cheaper
  • Middle half of TIPS funds
  • Median 0.10%

VTP 4th cheapest of 40 funds

DFIP 22nd cheapest of 40 funds

DFIP vs VTP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DFIP 5.29%, better
VTP 3.74%
Payout (12M)
DFIP $2.12
VTP $2.77
Last payment
DFIP $0.09
VTP $0.99
Ex-dividend
DFIP Oct 20, 2026
VTP Oct 1, 2026
Paid on
DFIP Oct 22, 2026
VTP Oct 5, 2026
Frequency
DFIP Irregular
VTP 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
VTPQuarterly · 5 paymentsAll VTP payments⁠
One bar per payment. 5 payments from 2023 to 2026 YTD. Oct 1, 2025 $0.47; Dec 18, 2025 $0.71; Apr 1, 2026 $0.06; Jul 1, 2026 $1.01; Oct 1, 2026 $0.99. Use the arrow keys to read each point.$0$120232026YTD

DFIP vs VTP 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%VTP 4.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
DFIP 0.12VTP −0.42since Aug 2025
Worst fallMax drawdown, 5 years
DFIP −14.9%since Nov 2021VTP −4.0%since Jul 2025
Market sensitivityBeta, 5 years
DFIP 0.74VTP 0.14

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