IPPP vs VTI
Preferred Plus ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, IPPP or VTI?
Preferred Stock against Large Cap Blend.
VTI has a lower expense ratio. VTI led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IPPP | VTI |
|---|---|---|
| Expense Ratio | 1.02% | 0.03%Best |
| AUM | $12M | $689.2B |
| Dividend Yield | 5.62% | 1.06% |
| Holdings | 98 | 3,524 |
| Volatility (annualized) | 15.8%Best | 17.1% |
| Max Drawdown | -22.3%Best | -22.4% |
| $10,000 over 3.5 years | $10,758 | $15,853Best |
| Fund Family | Innovative Portfolios LLC | Vanguard (US) |
| Category | Allocation/Balanced | Equity |
| Style | Preferred Stock | Large Cap Blend |
| Inception | Dec 24, 2018 | May 24, 2001 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
The two price series end 415 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. IPPP has data through Aug 25, 2025 and VTI through Oct 14, 2026.
Volatility and max drawdown, and the $10,000 over 3.5 years row, are measured over the window both funds cover: Mar 7, 2022 to Aug 25, 2025 (3.5 years).
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 17.1% compared with 15.8% for IPPP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.3% for IPPP and -22.4% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IPPP charges 1.02% per year while VTI charges 0.03%. On a $10,000 position that is $102 vs $3 annually, a gap of $99 per year that compounds over a long holding period. On income, IPPP currently yields 5.62% against 1.06% for VTI.
You are not choosing between two funds in isolation.
Whichever of IPPP and VTI you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, IPPP or VTI?
IPPP has an expense ratio of 1.02% while VTI charges 0.03%. VTI is the cheaper option, by $99 a year on a $10,000 investment.
Which is riskier, IPPP or VTI?
VTI has been the more volatile fund at 17.1% annualized versus 15.8% for IPPP. Worst drawdown: IPPP -22.3% vs VTI -22.4%.
Should I hold both IPPP and VTI?
IPPP and VTI have a monthly-return correlation of 0.77, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IPPP or VTI?
IPPP yields 5.62% while VTI yields 1.06%, so IPPP currently pays the higher dividend yield.
Is VTI better than IPPP?
VTI has a lower expense ratio. VTI led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.