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Data as of Oct 28, 2026.

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VTIP vs XLI: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VTIP returned +2.2% to XLI's +10.2%; 0% of their weight is in the same names.

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Net assets: $20.9bn on Sep 30, 2026 for Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares, and $30.8bn on Oct 27, 2026 for State Street Industrial Select Sector SPDR ETF.

VTIP on its own →XLI on its own →
At a glance
+2.2%
VTIP total return, 1 year
+10.2%
XLI total return, 1 year
0.03%
VTIP expense ratio
0.08%
XLI expense ratio

Pair scorecard

VTIP costs 0.05 points a year less; their one-year returns differ by 8.0 points; XLI is 1.4 times larger.

VTIP vs XLI: Differences, Returns & Fees
MeasureVTIPXLI
Return
Total return, 1 year+2.2%+10.2%
Drawdown
Below its high9.4%, high on Aug 14, 2026
Benchmark
What it tracksBloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years IndexIndustrial Select Sector Index
Cost and size
Expense ratio0.03%0.08%
Net assets, as of Sep 30, 2026$20.9bn$29.8bn
Holdings
Holdings in common0%
In the S&P 500, by weight100%
Top ten holdings, share of the fund37.8%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, VTIP and XLI hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VTIP XLI
Only in one fund ↓
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 5.22%
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%
Only in XLI
CATERPILLAR INC 6.14%
GENERAL ELECTRIC 5.79%
RTX CORP 4.91%
GE VERNOVA INC 4.47%
UNION PACIFIC CORP 3.34%
DEERE + CO 3.01%
EATON CORP PLC 2.79%
UBER TECHNOLOGIES INC 2.52%
Check overlap with more funds →

Side by side

VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares XLI State Street Industrial Select Sector SPDR ETF
Where it sits Bond ETF Stock ETF
Issuer Vanguard State Street
What it is Tracks an index of Short-Term Inflation-Protected Securities Tracks an index of Industrials
Total return, 1 year +2.2% +10.2%
Its benchmark over the same days not measured +13.6% (SPY)
Gap to its benchmark not measured −3.4 pts vs SPY
Expense ratio 0.03% 0.08%
Holdings 26 84
Net assets, VTIP as of Sep 30, 2026 and XLI as of Oct 27, 2026 $20.9bn $30.8bn

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

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About each fund
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. The prospectus expense ratio is 0.03% a year.

XLI

XLI tracks an index of Industrials. Over the year to Oct 28, 2026 it returned +10.2% with distributions reinvested, against +13.6% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 84 positions, with the top ten at 37.8%. It sat 9.4% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VTIP or XLI?
In the year to Oct 28, 2026, with distributions reinvested, VTIP returned +2.2% and XLI +10.2%.
Which is cheaper, VTIP or XLI?
VTIP is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
VTIP vs XLFSCHH vs VTIPVTIP vs XHBVNQ vs VTIPBINC vs XLIEMB vs XLIBND vs XLIPULS vs XLI
Where to next
VTIP on its own →XLI on its own →Hold both: look the portfolio through →Rankings →VTIP dividend history →VTIP holdings →XLI dividend history →XLI holdings →Standards and sources →
Sources and dates
VTIP filings on SEC EDGAR ↗
VTIP prospectus with the expense ratio (SEC) ↗
Vanguard page for VTIP ↗
XLI filings on SEC EDGAR ↗
XLI prospectus with the expense ratio (SEC) ↗
State Street website ↗

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

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