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TIP vs VTP

iShares TIPS Bond ETF

TIPBNYSE Arca

Vanguard Total Inflation-Protected Securities ETF

VTPANYSE Arca

Overlap

No data

Expense ratio

VTP −0.13pt a year

TIP0.18%VTP0.05%

Avg volume · 30D

TIP 29.7×the volume

TIP1.88MVTP63.4K

TIP vs VTP Performance

Oct 31, 2025 – Oct 30, 2026

0.0%TIP+0.2%VTP

Oct 31, 2025 to Oct 30, 2026. TIP 0.0%. VTP +0.2%. Use the arrow keys to read each point.−2%−1%1%Oct 2025Apr 2026Oct 2026
Expense ratio
TIP 0.18%
VTP 0.05%, better
Fund size
TIP $14.6B
VTP $251M
1Y total return
TIP 0.0%
VTP +0.2%, better
Yield (12M)
TIP 4.41%, better
VTP 3.74%
Holdings
TIP 50
VTP 51
Avg volume (30D)
TIP 1.88M sh, better
VTP 63.4K sh
NAV per share
TIP $106.69
VTP $74.00
52W range

ETF.net Grade

TIP: Cost 31, Risk 35, Mission 100, Tradability 94, Holdings 78, Durability 88. VTP: Cost 93, Risk 37, Mission 100, Tradability 51, Holdings 79, Durability 67.
Pillar letters and Scores for TIP, VTP, with each pillar’s weight
PillarTIPVTP
Cost30% weightD31A93Higher
Mission25% weightA100A100
Risk15% weightD35D37Higher
Tradability15% weightA94HigherC51
Holdings10% weightA78A79Higher
Durability5% weightA88HigherB67

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. TIP 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 TIP 9th 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 7BTIPXState Street SPDR Bloomberg 1-10 Year TIPS ETFScore 67
  6. Rank 9BTIPiShares TIPS Bond ETFScore 65
  7. Rank 10BDFIPDimensional Inflation-Protected Securities ETFScore 63

Our read on each fund

ETF.net Research

TIPBiShares TIPS Bond ETF

VTPAVanguard Total Inflation-Protected Securities ETF

In short

TIP The 2003-vintage TIPS fund: roughly 50 inflation-linked Treasuries, tracked tightly and traded heavily. You pay up for that depth, because cheaper TIPS wrappers now exist.

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

TIP The fund seeks to track an index of inflation-protected U.S. Treasury bonds, providing fixed-income exposure and a potential hedge against inflation.

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

  • TIP Owns the inflation-linked Treasury market straight: about 50 TIPS, where the hedge is built into the bonds themselves rather than layered on with derivatives.ishares.com
  • A multi-billion-dollar fund that trades actively and stays very close to its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index.
  • Trading since 2003, one of the longest-tenured inflation-linked bond funds on the market, with a large iShares fixed-income operation behind it.
  • 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

  • TIP At 0.18% a year it runs above the median Treasury fund in its group, and SCHP covers similar TIPS ground for 0.03%.
  • Inflation protection is not price protection. The index spans the full TIPS curve, including long maturities, so rising real yields drag on the share price.ishares.com
  • Payouts arrive on an irregular schedule and move with inflation accruals, so income here behaves less like a steady coupon than a nominal bond fund's.
  • 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 TIP profile⁠

Full VTP profile⁠

TIP 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.

TIP vs VTP Cost

Overpaying TIP vs VTP

$2,689

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

  • TIP 0.18%

    $3,749

  • VTP 0.05%

    $1,060

$10,000
30 years

Cost over time

  • TIP 0.18%
  • VTP 0.05%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530TIP $3,749VTP $1,060

Year by year

YearTIPVTPOverpaying
10$328$92$236
20$1,281$360$921
30$3,749$1,060$2,689

Expense ratio

  • 0.18%TIP
  • 0.05%VTP, cheaper
  • Middle half of TIPS funds
  • Median 0.10%

VTP 4th cheapest of 40 funds

TIP 27th cheapest of 40 funds

TIP vs VTP Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
TIP 4.41%, better
VTP 3.74%
Payout (12M)
TIP $4.71
VTP $2.77
Last payment
TIP $0.78
VTP $0.99
Ex-dividend
TIP Aug 3, 2026
VTP Oct 1, 2026
Paid on
TIP Aug 6, 2026
VTP Oct 5, 2026
Frequency
TIP Monthly
VTP Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

TIPMonthly · 90 paymentsAll TIP payments⁠
One bar per payment. 90 payments from 2017 to 2026 YTD. Apr 3, 2017 $0.16; May 1, 2017 $0.28; Jun 1, 2017 $0.26; Jul 3, 2017 $0.29; Aug 1, 2017 $0.22; Sep 1, 2017 $0.24; Oct 2, 2017 $0.05; Nov 1, 2017 $0.22; Dec 1, 2017 $0.50; Dec 21, 2017 $0.16; Feb 1, 2018 $0.02; Apr 2, 2018 $0.29; May 1, 2018 $0.50; Jun 1, 2018 $0.34; Jul 2, 2018 $0.43; Aug 1, 2018 $0.47; Sep 4, 2018 $0.39; Oct 1, 2018 $0.10; Nov 1, 2018 $0.09; Dec 3, 2018 $0.16; Dec 18, 2018 $0.18; May 1, 2019 $0.03; Jun 3, 2019 $0.64; Jul 1, 2019 $0.61; Aug 1, 2019 $0.27; Sep 3, 2019 $0.06; Oct 1, 2019 $0.20; Nov 1, 2019 $0.02; Dec 2, 2019 $0.10; Dec 19, 2019 $0.11; Feb 3, 2020 $0.13; Apr 1, 2020 $0.18; May 1, 2020 $0.30; Oct 1, 2020 $0.42; Nov 2, 2020 $0.32; Dec 1, 2020 $0.13; Dec 17, 2020 $0.02; Apr 1, 2021 $0.30; May 3, 2021 $0.52; Jun 1, 2021 $0.68; Jul 1, 2021 $0.83; Aug 2, 2021 $0.78; Sep 1, 2021 $0.90; Oct 1, 2021 $0.43; Nov 1, 2021 $0.12; Dec 1, 2021 $0.19; Dec 16, 2021 $0.79; Feb 1, 2022 $0.44; Mar 1, 2022 $0.23; Apr 1, 2022 $0.80; May 2, 2022 $0.94; Jun 1, 2022 $1.37; Jul 1, 2022 $0.57; Aug 1, 2022 $1.15; Sep 1, 2022 $1.44; Dec 1, 2022 $0.13; Dec 15, 2022 $0.35; Apr 3, 2023 $0.13; May 1, 2023 $0.57; Jun 1, 2023 $0.31; Jul 3, 2023 $0.50; Aug 1, 2023 $0.22; Sep 1, 2023 $0.32; Oct 2, 2023 $0.17; Nov 1, 2023 $0.45; Dec 1, 2023 $0.26; Apr 1, 2024 $0.06; May 1, 2024 $0.69; Jun 3, 2024 $0.73; Jul 1, 2024 $0.44; Aug 1, 2024 $0.17; Sep 3, 2024 $0.03; Oct 1, 2024 $0.12; Nov 1, 2024 $0.09; Dec 2, 2024 $0.19; Dec 18, 2024 $0.16; Apr 1, 2025 $0.71; May 1, 2025 $0.53; Jun 2, 2025 $0.27; Jul 1, 2025 $0.38; Aug 1, 2025 $0.26; Sep 2, 2025 $0.42; Oct 1, 2025 $0.20; Nov 3, 2025 $0.36; Dec 1, 2025 $0.32; Dec 19, 2025 $0.34; May 1, 2026 $0.56; Jun 1, 2026 $1.28; Jul 1, 2026 $1.06; Aug 3, 2026 $0.78. Use the arrow keys to read each point.$0$12017202020232026YTD
VTPQuarterly · 5 paymentsAll VTP payments⁠
One bar per payment. 5 payments from 2017 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$12017202020232026YTD

TIP vs VTP Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TIP 4.5%VTP 4.3%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
TIP 0.05VTP −0.42since Aug 2025
Worst fallMax drawdown, 5 years
TIP −14.5%VTP −4.0%since Jul 2025
Market sensitivityBeta, 5 years
TIP 0.69VTP 0.14

TIP and VTP in the news

All news⁠

Popular comparisons

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