SPIPvsVGSHETF Comparison
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State Street SPDR Portfolio TIPS ETF (SPIP) belongs to the Inflation-linked Bonds segment. Vanguard Short-Term Treasury ETF (VGSH) is part of the US Government Bonds segment. Both ETFs have the same top 1 sector exposures: Sovereign. SPIP is more expensive with a Total Expense Ratio (TER) of 0.12%, versus 0.03% for VGSH. SPIP is up 0.61% year-to-date (YTD) with +$98M in YTD flows. VGSH performs better with 1.07% YTD performance, and +$9.46B in YTD flows. Run a side-by-side ETF comparison of SPIP and VGSH below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SPIP vs VGSH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPIP VGSH | +0.17%+0.22% | -0.86%+0.58% | +0.61%+1.07% | +1.02%+2.48% | +12.76%+13.42% | +0.51%+9.97% |
| Flows | SPIP VGSH | +$28M+$4.74B | +$45M+$5.58B | +$98M+$9.46B | +$92M+$12.52B | -$539M+$12.43B | -$1.28B+$22.44B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPIP VGSH | +3.56%+1.34% | +3.26%+1.22% | +4.63%+1.55% | +6.21%+1.95% |
| Max drawdown | SPIP VGSH | -1.37%-0.30% | -2.03%-0.85% | -3.81%-0.96% | -15.25%-5.72% |
| Max drawdown duration | SPIP VGSH | 66d9d | 186d123d | 149d122d | 1759d972d |
Trading data
SPIP | VGSH | |
Last sale 9/4/2026 at 3:06 PM | $25.06 | $57.91 |
| Previous close 09/03/2026 | $25.08 | $57.92 |
| Consolidated volume 09/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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SPIP | VGSH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 3:06 PM
Live
Closed
SPIP | VGSH | |
|---|---|---|
| Last price | $25.06 | $57.91 |
| 1D performance | -0.08% | -0.02% |
| AuM | $1.03 B | $34.83 B |
| E/R | 0.12% | 0.03% |
Characteristics
SPIP | VGSH | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Vanguard |
| Benchmark | Bloomberg U.S. Government Inflation-linked Bond Index | Bloomberg US Treasury 1-3 Year Index |
| N° of holdings | 49 | 91 |
| Asset class | Bonds | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | May 25, 2007 | November 19, 2009 |
| ESG | No | No |
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Exposure
Countries
SPIP
USA
99.71%
Other
0.29%
VGSH
USA
99.39%
Other
0.61%
Sectors
SPIP
Sovereign
99.71%
Other
0.29%
VGSH
Sovereign
99.39%
Other
0.61%
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Diversification
SPIP
Total weight of top 15 holdings out of 15
46.35%
VGSH
Total weight of top 15 holdings out of 15
20.24%
Top 15 holdings
Data as of July 31, 2026
SPIP
USA, TIPS 2.125% 15jan2035, USD (A-2035)
3.47%
USA, TIPS 1.875% 15jul2034, USD (D-2034)
3.35%
USA, TIPS 0.125% 15jan2032, USD (A-2032)
3.23%
USA, TIPS 1.875% 15jul2035, USD (D-2035)
3.21%
USA, TIPS 1.75% 15jan2034, USD (A-2034)
3.20%
USA, TIPS 1.875% 15jan2036, USD (A-2036)
3.15%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
3.14%
USA, TIPS 0.5% 15jan2028, USD (A-2028)
3.06%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
3.03%
USA, TIPS 0.125% 15jul2030, USD (D-2030)
2.98%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
2.95%
USA, TIPS 0.25% 15jul2029, USD (D-2029)
2.94%
USA, TIPS 1.125% 15jan2033, USD (A-2033)
2.94%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
2.89%
USA, TIPS 0.625% 15jul2032, USD (D-2032)
2.81%
VGSH
USA, Notes 3.5% 31jan2028, USD (U-2028)
2.24%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
1.40%
USA, Notes 4.5% 31may2029, USD (Z-2029)
1.36%
USA, Notes 4% 31jul2029, USD (AB-2029)
1.36%
USA, Notes 4.25% 30jun2029, USD (AA-2029)
1.30%
USA, Notes 4.25% 28feb2029, USD (V-2029)
1.30%
USA, Notes 4.125% 31mar2029, USD (W-2029)
1.30%
USA, Notes 2.875% 15aug2028, USD (E-2028)
1.26%
USA, Notes 3.75% 15aug2027, USD (AR-2027)
1.26%
USA, Notes 4.25% 15jan2028, USD (AJ-2028)
1.25%
USA, Notes 2.875% 15may2028, USD (C-2028)
1.25%
USA, Notes 3.875% 15jul2028, USD (AQ-2028)
1.25%
USA, Notes 3.375% 29feb2028, USD (AY-2028)
1.25%
USA, Notes 1% 31jul2028, USD (N-2028)
1.24%
USA, Notes 1.125% 29feb2028, USD (H-2028)
1.23%
Frequently asked questions about SPIP and VGSH
How have the SPIP and VGSH ETFs performed in 2026?
As of September 3, 2026, SPIP is up 0.61% year-to-date (YTD), while VGSH has returned 1.07%. That puts VGSH better performer ahead so far this year.
Which ETF is attracting more investor money: SPIP or VGSH?
Year-to-date, the SPIP ETF saw +$98M in flows, compared to +$9.46B for VGSH.
Which ETF is more volatile: SPIP or VGSH?
Over the past year, SPIP had a volatility of 3.26%, while VGSH experienced 1.22%.
Which ETF is bigger: SPIP or VGSH?
As of September 3, 2026, SPIP holds $1.03 B in assets under management (AUM), while VGSH manages $34.83 B.
What sectors do the SPIP and VGSH ETFs invest in?
SPIP leans toward sectors like Sovereign. Meanwhile, VGSH focuses on Sovereign.
What are the top holdings of the SPIP ETF and VGSH ETF?
SPIP top holdings include USA, TIPS 2.125% 15jan2035, USD (A-2035), USA, TIPS 1.875% 15jul2034, USD (D-2034) and USA, TIPS 0.125% 15jan2032, USD (A-2032). VGSH holds in its top three: USA, Notes 3.5% 31jan2028, USD (U-2028), USA, Notes 4.625% 30apr2029, USD (Y-2029) and USA, Notes 4.5% 31may2029, USD (Z-2029).
Which ETF is more diversified: SPIP or VGSH?
SPIP holds 49 securities with 46.35% of its assets in the top 15. VGSH has 91 securities and a top 15 weight of 20.24%.
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