Which returned more over the last year, VO or VTIP?

In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and VTIP +2.2%.

Which is cheaper, VO or VTIP?

Neither: VO and VTIP both charge 0.03% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

VO vs VTIP: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VO returned +12.8% to VTIP's +2.2%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $103.4bn for Vanguard Morningstar Mid-Cap ETF and $20.9bn for Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares.

VO on its own →VTIP on its own →

At a glance

+12.8%

VO total return, 1 year

+2.2%

VTIP total return, 1 year

0.03%

VO expense ratio

0.03%

VTIP expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 10.6 points; VO is 4.9 times larger.

VO vs VTIP: Differences, Returns & Fees
Measure	VO	VTIP
Return
Measure	VO	VTIP
Total return, 1 year	+12.8%	+2.2%
Drawdown
Measure	VO	VTIP
Below its high	3.1%, high on Aug 14, 2026
Benchmark
Measure	VO	VTIP
What it tracks	Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)	Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index
Cost and size
Measure	VO	VTIP
Expense ratio	0.03%	0.03%
Net assets, as of Sep 30, 2026	$103.4bn	$20.9bn
Holdings
Measure	VO	VTIP
Holdings in common	0%
In the S&P 500, by weight	91%
Top ten holdings, share of the fund	9.7%

Holdings in common uses holdings dated Sep 30, 2026. Method

Risk and return

Oct 26, 2012 to Oct 23, 2026 · 730 weekly returns

VO VTIP

Return

Total return edge VO +402.3% +35.7%

Annualized edge VO +12.2% +2.2%

Price return edge VO +303.9% −2.1%

Risk

Volatility edge VTIP 17.3% 2.3%

Max drawdown edge VTIP −37.4% −5.5%

Risk-adjusted

Sharpe edge VO 0.65 0.17

Sortino edge VO 0.93 0.22

Calmar edge VTIP 0.33 0.40

Reading

VO returned more: +402.3% to +35.7%. VTIP swung less: 2.3% to 17.3%. VTIP fell less at its worst: −5.5% to −37.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: VO vs VTIP: Differences, Returns & Fees
Measure	VO	VTIP	Edge	How it is measured
Return
Total return	+402.3%	+35.7%	VO	Price change plus distributions, reinvested.
Annualized	+12.2%	+2.2%	VO	Total return as a yearly rate.
Price return	+303.9%	−2.1%	VO	Price change alone, distributions left out.
Risk
Volatility	17.3%	2.3%	VTIP	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	12.0%	1.7%	VTIP	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−37.4%	−5.5%	VTIP	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.65	0.17	VO	Return above Treasury bills per unit of volatility.
Sortino	0.93	0.22	VO	Return above Treasury bills per unit of downside deviation.
Calmar	0.33	0.40	VTIP	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 730 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, VO and VTIP hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VO VTIP

MKTLIQ 0.17% 0.11%

Only in one fund ↓

Only in VO

Cloudflare Inc 1.11%

Valero Energy Corp 1.10%

Marathon Petroleum Corp 1.10%

Phillips 66 1.01%

Quanta Services Inc 0.95%

Vertiv Holdings Co 0.92%

Datadog Inc 0.91%

Howmet Aerospace Inc 0.89%

Only in VTIP

United States Treasury Inflation Indexed Bonds 5.30%

United States Treasury Inflation Indexed Bonds 5.22%

United States Treasury Inflation Indexed Bonds 5.14%

United States Treasury Inflation Indexed Bonds 4.97%

United States Treasury Inflation Indexed Bonds 4.96%

United States Treasury Inflation Indexed Bonds 4.87%

United States Treasury Inflation Indexed Bonds 4.83%

Check overlap with more funds →

Side by side

VO Vanguard Morningstar Mid-Cap ETF VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares

Where it sits Stock ETF Bond ETF

Issuer Vanguard Vanguard

What it is Tracks an index of Mid-Cap Tracks an index of Short-Term Inflation-Protected Securities

Total return, 1 year +12.8% +2.2%

Expense ratio 0.03% 0.03%

Holdings 273 26

Net assets, as of Sep 30, 2026 $103.4bn $20.9bn

VO and VTIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-4E015CCC39

VO and VTIP do different jobs. What does each one do in a portfolio?

What each follows. VO follows Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index) and VTIP follows Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
One-year total return. Over 1 year to Oct 28, 2026 VO returned +12.8% and VTIP +2.2% with distributions reinvested, a gap of 10.6 points.

Data as of Oct 28, 2026.

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About each fund

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

VTIP

VTIP tracks an index of Short-Term Inflation-Protected Securities. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested.

Questions people ask

Which returned more over the last year, VO or VTIP?: In the year to Oct 28, 2026, with distributions reinvested, VO returned +12.8% and VTIP +2.2%.
Which is cheaper, VO or VTIP?: Neither: VO and VTIP both charge 0.03% a year. Fees come from each fund's prospectus.

Other comparisons

HYG vs VO BINC vs VO EMB vs VO VCLT vs VO IJH vs VTIP MOAT vs VTIP VTIP vs VXF MDY vs VTIP

Where to next

VO on its own →VTIP on its own →Hold both: look the portfolio through →Rankings →VO dividend history →VO holdings →VTIP dividend history →VTIP holdings →Standards and sources →

Sources and dates

VO filings on SEC EDGAR ↗

VO prospectus with the expense ratio (SEC) ↗

Vanguard page for VO ↗

VTIP filings on SEC EDGAR ↗

VTIP prospectus with the expense ratio (SEC) ↗

Vanguard page for VTIP ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, VO against VTIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/vo-vs-vtip

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.