TIP vs VTIP: Holdings Overlap
iShares · 48 holdings · $14.7B · as of 2026-04-30
VTIPVanguard Short-term Inflation-protected Securities Index Fund
Vanguard · 25 holdings · $19.9B · as of 2026-03-31
Holdings snapshots are 30 days apart (TIP: 2026-04-30, VTIP: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are TIP and VTIP?
iShares TIPS Bond ETF (TIP, by iShares) holds 48 positions; Vanguard Short-term Inflation-protected Securities Index Fund (VTIP, by Vanguard) holds 25. They have 20 holdings in common, and by portfolio weight the two funds are 50.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 50.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 20TIP holds 48 · VTIP holds 25
- Weight in Shared Holdings
- TIP 51%·VTIP 81%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in TIP
28 of 48 positions (49.0% of the fund) are not held by VTIP.
- U.S. Treasury Inflation Linked Notes4.08%
- U.S. Treasury Inflation Linked Notes4.02%
- U.S. Treasury Inflation Linked Notes3.78%
- U.S. Treasury Inflation Linked Notes3.61%
- U.S. Treasury Inflation Linked Notes3.37%
- U.S. Treasury Inflation Linked Notes3.35%
Only in VTIP
5 of 25 positions (18.1% of the fund) are not held by TIP.
- U.S. Treasury Inflation Linked Notes4.75%
- U.S. Treasury Inflation Linked Notes4.23%
- U.S. Treasury Inflation Linked Notes3.81%
- U.S. Treasury Inflation Linked Notes3.37%
- U.S. Treasury Inflation Linked Bonds1.95%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| TIP | -0.3% | +0.8% | +1.8% | +3.7% | +0.3% | +2.4% | 4.97% |
| VTIP | +0.1% | +1.9% | +3.0% | +5.0% | +3.1% | +3.1% | 4.15% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in TIP vs VTIP →
Shared Holdings(20)
The top 10 shared positions account for 62% of the overlap, led by U.S. Treasury Inflation Linked Notes, U.S. Treasury Inflation Linked Notes and U.S. Treasury Inflation Linked Notes.
| U.S. Treasury Inflation Linked Notes | 3.42% | 5.49% | 3.42% |
|---|---|---|---|
| U.S. Treasury Inflation Linked Notes | 3.39% | 5.46% | 3.39% |
| U.S. Treasury Inflation Linked Notes | 3.29% | 5.29% | 3.29% |
| U.S. Treasury Inflation Linked Notes | 3.17% | 5.11% | 3.17% |
| U.S. Treasury Inflation Linked Notes | 3.15% | 5.09% | 3.15% |
| U.S. Treasury Inflation Linked Notes | 3.04% | 4.91% | 3.04% |
| U.S. Treasury Inflation Linked Notes | 2.97% | 4.79% | 2.97% |
| U.S. Treasury Inflation Linked Notes | 2.95% | 4.80% | 2.95% |
| U.S. Treasury Inflation Linked Notes | 2.90% | 4.66% | 2.90% |
| U.S. Treasury Inflation Linked Notes | 2.83% | 4.54% | 2.83% |
| U.S. Treasury Inflation Linked Notes | 2.68% | 4.33% | 2.68% |
| U.S. Treasury Inflation Linked Notes | 2.62% | 4.26% | 2.62% |
| U.S. Treasury Inflation Linked Notes | 2.60% | 4.17% | 2.60% |
| U.S. Treasury Inflation Linked Notes | 2.34% | 3.77% | 2.34% |
| U.S. Treasury Inflation Linked Notes | 2.34% | 3.76% | 2.34% |
| U.S. Treasury Inflation Linked Notes | 2.02% | 3.25% | 2.02% |
| U.S. Treasury Inflation Linked Bonds | 1.41% | 2.28% | 1.41% |
| U.S. Treasury Inflation Linked Bonds | 1.20% | 1.94% | 1.20% |
| U.S. Treasury Inflation Linked Bonds | 1.13% | 1.82% | 1.13% |
| U.S. Treasury Inflation Linked Bonds | 1.07% | 1.74% | 1.07% |
Frequently Asked Questions
How much do TIP and VTIP overlap?
TIP and VTIP overlap by 50.5% of portfolio weight. They share 20 holdings (TIP holds 48 positions and VTIP holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both TIP and VTIP?
The two portfolios are 50.5% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of TIP and VTIP?
The largest positions held by both funds are U.S. Treasury Inflation Linked Notes, U.S. Treasury Inflation Linked Notes, U.S. Treasury Inflation Linked Notes, U.S. Treasury Inflation Linked Notes and U.S. Treasury Inflation Linked Notes. Together the top 10 shared positions account for 62% of the total overlap.
What does TIP own that VTIP doesn't?
28 positions (49.0% of TIP) are unique to TIP, led by U.S. Treasury Inflation Linked Notes, U.S. Treasury Inflation Linked Notes and U.S. Treasury Inflation Linked Notes. In the other direction, 5 positions (18.1% of VTIP) are unique to VTIP.