Highlights of VTIP: Seeks to track an index that measures the performance of inflation-protected public obligations of the U.S. Treasury that have a remaining maturity of less than five years. Whether inflation turns out to be transitory or not, fixed income investors can stay ahead of inflation with Treasury inflation-protected securities (TIPs), or, more specifically, the Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares (VTIP). If rates are going to rise in the short-term horizon, debt durations of less than five years can be susceptible, but ETFs like VTIP can help.