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PCPI vs VTP

PIMCO Inflation PLUS Active Exchange-Traded Fund

PCPIDNasdaq

Vanguard Total Inflation-Protected Securities ETF

VTPANYSE Arca

Overlap

No data

Expense ratio

VTP −0.51pt a year

PCPI0.56%VTP0.05%

Avg volume · 30D

VTP 3.5×the volume

PCPI18.2KVTP63.4K

PCPI vs VTP Performance

Jul 31, 2026 – Oct 30, 2026

+1.6%PCPI0.0%VTP

Jul 31, 2026 to Oct 30, 2026. PCPI +1.6%. VTP 0.0%. Use the arrow keys to read each point.−2%−1%1%Jul 2026Sep 2026Oct 2026
Expense ratio
PCPI 0.56%
VTP 0.05%, better
Fund size
PCPI $115M
VTP $251M
1Y total return
PCPI No data
VTP +0.2%
Yield (12M)
PCPI No data
VTP 3.74%
Holdings
PCPI 15
VTP 51
Avg volume (30D)
PCPI 18.2K sh
VTP 63.4K sh, better
NAV per share
PCPI $50.50
VTP $74.00
52W range

ETF.net Grade

PCPI: Cost 3, Risk 95, Mission not scored, Tradability 37, Holdings 43, Durability 46. VTP: Cost 93, Risk 37, Mission 100, Tradability 51, Holdings 79, Durability 67.
Pillar letters and Scores for PCPI, VTP, with each pillar’s weight
PillarPCPIVTP
Cost30% weightF3A93Higher
Mission25% weightNot scoredA100
Risk15% weightA95HigherD37
Tradability15% weightD37C51Higher
Holdings10% weightC43A79Higher
Durability5% weightC46B67Higher

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. PCPI 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 PCPI 34th 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 33DLIAULifeX 2060 Inflation-Protected Longevity Income ETFScore 37
  6. Rank 34DPCPIPIMCO Inflation PLUS Active Exchange-Traded FundScore 36
  7. Rank 35DLIBDLifeX 2065 Inflation-Protected Longevity Income ETFScore 34

Our read on each fund

ETF.net Research

PCPIDPIMCO Inflation PLUS Active Exchange-Traded Fund

VTPAVanguard Total Inflation-Protected Securities ETF

In short

PCPI PIMCO's active answer to the TIPS index crowd: a short-duration core of inflation-linked bonds plus inflation derivatives, with managers free to shift the mix as the inflation picture does.

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

PCPI The fund seeks an inflation-adjusted real return through prudent management. It normally invests at least 80% of net assets in inflation-indexed bonds issued by U.S. and non-U.S. governments, agencies, instrumentalities, and corporations, complemented by inflation-related derivatives and other transactions.

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

  • PCPI Active mandate: at least 80% in inflation-indexed bonds from U.S. and non-U.S. governments, agencies and companies, plus inflation-related derivatives.
  • Primary exposure runs through short-duration TIPS and inflation breakeven positioning, which keeps interest-rate sensitivity lower than long-dated TIPS portfolios.pimco.com
  • Plain 1940 Act ETF plumbing: pays quarterly, no K-1 at tax time.
  • 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

  • PCPI Costs more than the index trackers that dominate this group: 0.25% net of a waiver through October 31, 2027, against a 0.33% gross fee, versus 0.03% at SCHP and STIP.
  • Thinly traded so far, so spreads can run wider than the household-name TIPS funds.
  • A 2026 launch, so the record is short, and active calls on breakevens and non-U.S. linkers can wander from a plain TIPS index.
  • 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 PCPI profile⁠

Full VTP profile⁠

PCPI 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.

PCPI vs VTP Cost

Overpaying PCPI vs VTP

$10,028

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

  • PCPI 0.56%

    $11,088

  • VTP 0.05%

    $1,060

$10,000
30 years

Cost over time

  • PCPI 0.56%
  • VTP 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530PCPI $11,088VTP $1,060

Year by year

YearPCPIVTPOverpaying
10$1,006$92$914
20$3,855$360$3,495
30$11,088$1,060$10,028

Expense ratio

  • 0.56%PCPI
  • 0.05%VTP, cheaper
  • Middle half of TIPS funds
  • Median 0.10%

VTP 4th cheapest of 40 funds

PCPI 39th cheapest of 40 funds

PCPI vs VTP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PCPI No data
VTP 3.74%
Payout (12M)
PCPI No data
VTP $2.77
Last payment
PCPI $0.32
VTP $0.99
Ex-dividend
PCPI Aug 3, 2026
VTP Oct 1, 2026
Paid on
PCPI Aug 5, 2026
VTP Oct 5, 2026
Frequency
PCPI Monthly
VTP Quarterly

Distribution history

Per share, 2025 to 2026, same scale for both

PCPIMonthly · 3 paymentsAll PCPI payments⁠
One bar per payment. 3 payments from 2025 to 2026 YTD. Jun 1, 2026 $0.22; Jul 1, 2026 $0.38; Aug 3, 2026 $0.32. Use the arrow keys to read each point.$0$12026YTD
VTPQuarterly · 5 paymentsAll VTP payments⁠
One bar per payment. 5 payments from 2025 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$12026YTD

PCPI vs VTP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PCPI No dataVTP 4.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
PCPI No dataVTP −0.42since Aug 2025
Worst fallMax drawdown, 5 years
PCPI No dataVTP −4.0%since Jul 2025
Market sensitivityBeta, 5 years
PCPI 0.16VTP 0.14

Popular comparisons

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