VTIP vs STIP: Holdings Overlap
VTIPVanguard Short-term Inflation-protected Securities Index Fund
Vanguard · 25 holdings · $19.9B · as of 2026-03-31
STIPiShares 0-5 Year TIPS Bond ETF
iShares · 25 holdings · $15.8B · as of 2026-04-30
Holdings snapshots are 30 days apart (VTIP: 2026-03-31, STIP: 2026-04-30). 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 VTIP and STIP?
Vanguard Short-term Inflation-protected Securities Index Fund (VTIP, by Vanguard) holds 25 positions; iShares 0-5 Year TIPS Bond ETF (STIP, by iShares) holds 25. They have 25 holdings in common, and by portfolio weight the two funds are 96.1% identical. In practical terms the pair is essentially interchangeable, so holding both adds little diversification.
- Overlap by Weight
- 96.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 25VTIP holds 25 · STIP holds 25
- Weight in Shared Holdings
- VTIP 100%·STIP 96%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 VTIP
Every position in VTIP is also held by STIP, so it brings nothing the other fund doesn’t already own.
Only in STIP
Every position in STIP is also held by VTIP, so it brings nothing the other fund doesn’t already own.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| VTIP | +0.1% | +1.9% | +3.0% | +5.0% | +3.1% | +3.1% | 4.15% |
| STIP | +0.1% | +1.9% | +3.0% | +5.0% | +3.1% | +3.1% | 5.37% |
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 VTIP vs STIP →
Shared Holdings(25)
The top 10 shared positions account for 52% 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 | 5.49% | 5.50% | 5.49% |
|---|---|---|---|
| U.S. Treasury Inflation Linked Notes | 5.46% | 5.47% | 5.46% |
| U.S. Treasury Inflation Linked Notes | 5.29% | 5.30% | 5.29% |
| U.S. Treasury Inflation Linked Notes | 5.11% | 5.10% | 5.10% |
| U.S. Treasury Inflation Linked Notes | 5.09% | 5.08% | 5.08% |
| U.S. Treasury Inflation Linked Notes | 4.91% | 4.90% | 4.90% |
| U.S. Treasury Inflation Linked Notes | 4.80% | 4.79% | 4.79% |
| U.S. Treasury Inflation Linked Notes | 4.79% | 4.78% | 4.78% |
| U.S. Treasury Inflation Linked Notes | 4.75% | 4.75% | 4.75% |
| U.S. Treasury Inflation Linked Notes | 4.66% | 4.68% | 4.66% |
| U.S. Treasury Inflation Linked Notes | 4.54% | 4.59% | 4.54% |
| U.S. Treasury Inflation Linked Notes | 4.33% | 4.32% | 4.32% |
| U.S. Treasury Inflation Linked Notes | 4.26% | 4.24% | 4.24% |
| U.S. Treasury Inflation Linked Notes | 4.23% | 4.22% | 4.22% |
| U.S. Treasury Inflation Linked Notes | 4.17% | 4.19% | 4.17% |
| U.S. Treasury Inflation Linked Notes | 3.81% | 3.80% | 3.80% |
| U.S. Treasury Inflation Linked Notes | 3.77% | 3.76% | 3.76% |
| U.S. Treasury Inflation Linked Notes | 3.76% | 3.76% | 3.76% |
| U.S. Treasury Inflation Linked Notes | 3.25% | 3.25% | 3.25% |
| U.S. Treasury Inflation Linked Bonds | 2.28% | 2.29% | 2.28% |
| U.S. Treasury Inflation Linked Bonds | 1.95% | 1.94% | 1.94% |
| U.S. Treasury Inflation Linked Bonds | 1.94% | 1.94% | 1.94% |
| U.S. Treasury Inflation Linked Bonds | 1.82% | 1.83% | 1.82% |
| U.S. Treasury Inflation Linked Bonds | 1.74% | 1.73% | 1.73% |
| U.S. Treasury Inflation Linked Notes | 3.37% | 0.01% | 0.01% |
Frequently Asked Questions
How much do VTIP and STIP overlap?
VTIP and STIP overlap by 96.1% of portfolio weight. They share 25 holdings (VTIP holds 25 positions and STIP holds 25), based on each fund's latest SEC-reported holdings.
Is it redundant to own both VTIP and STIP?
The two portfolios are 96.1% identical by weight. Owning both is largely redundant: they are close to the same portfolio, so a second position mostly duplicates the first.
What are the biggest shared holdings of VTIP and STIP?
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 52% of the total overlap.
What does VTIP own that STIP doesn't?
Nothing. Every position in VTIP is also held by STIP. In the other direction, 0 positions (0.0% of STIP) are unique to STIP.