GBIL vs. VGLT
GBIL (Goldman Sachs Access Treasury 0-1 Year ETF) and VGLT (Vanguard Long-Term Treasury ETF) are both Government Bonds funds - GBIL tracks the FTSE US Treasury 0-1 Year Composite Select Index while VGLT tracks the Bloomberg U.S. Long Treasury Index. Both are passively managed. Over the past 5 years, GBIL returned 3.43%/yr vs -7.20%/yr for VGLT. Their 0.14 correlation means their historical movements had little consistent relationship. GBIL charges 0.12%/yr vs 0.03%/yr for VGLT.
Performance
GBIL vs. VGLT - Performance Comparison
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Returns By Period
In the year-to-date period, GBIL achieves a 2.00% return, which is significantly higher than VGLT's -2.90% return.
GBIL
- 1D
- 0.01%
- 1M
- 0.28%
- 6M
- 1.72%
- YTD
- 2.00%
- 1Y
- 3.74%
- 3Y*
- 4.54%
- 5Y*
- 3.43%
- 10Y*
- —
- ALL TIME*
- 2.30%
VGLT
- 1D
- 0.37%
- 1M
- -3.15%
- 6M
- -2.54%
- YTD
- -2.90%
- 1Y
- -1.31%
- 3Y*
- -0.04%
- 5Y*
- -7.20%
- 10Y*
- -1.72%
- ALL TIME*
- 2.29%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.62M | $52.46M | $69.99M | |
| $99.02M | $99.81M | $109.19M |
GBIL vs. VGLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 2.00% | 4.12% | 5.24% | 4.91% | 1.05% | -0.08% | 0.79% | 2.31% | 1.78% | 0.69% |
VGLT Vanguard Long-Term Treasury ETF | -2.90% | 5.35% | -6.28% | 3.27% | -29.34% | -4.98% | 17.57% | 14.30% | -1.54% | 8.64% |
Correlation
The correlation between GBIL and VGLT is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.17 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2016 | 0.14 |
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Return for Risk
GBIL vs. VGLT — Risk / Return Rank
GBIL
VGLT
GBIL vs. VGLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and Vanguard Long-Term Treasury ETF (VGLT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GBIL | VGLT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +18.26 | ||
| Sortino ratioReturn per unit of downside risk | +150.49 | ||
| Omega ratioGain probability vs. loss probability | 92.87 | 0.98 | +91.89 |
| Calmar ratioReturn relative to maximum drawdown | 187.90 | -0.19 | +188.09 |
| Martin ratioReturn relative to average drawdown | 2,250.52 | -0.41 | +2,250.93 |
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Drawdowns
GBIL vs. VGLT - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum VGLT drawdown of -46.18%. Use the drawdown chart below to compare losses from any high point for GBIL and VGLT.
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Drawdown Indicators
| GBIL | VGLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.76% | -46.18% | +45.42% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -7.03% | +7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.76% | -13.38% | +12.62% |
Max Drawdown (5Y)Largest decline over 5 years | -0.76% | -40.98% | +40.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.18% | — |
Current DrawdownCurrent decline from peak | 0.00% | -38.41% | +38.41% |
Average DrawdownAverage peak-to-trough decline | -0.04% | -15.27% | +15.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 3.22% | -3.22% |
Volatility
GBIL vs. VGLT - Volatility Comparison
The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.06%, while Vanguard Long-Term Treasury ETF (VGLT) has a volatility of 2.30%. This indicates that GBIL experiences smaller price fluctuations and is considered to be less risky than VGLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBIL | VGLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 2.30% | -2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 6.31% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.21% | 8.39% | -8.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 14.46% | -13.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.47% | 13.75% | -13.28% |
GBIL vs. VGLT - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is higher than VGLT's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GBIL vs. VGLT - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 3.68%, less than VGLT's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 3.68% | 4.02% | 4.93% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% | 0.00% |
VGLT Vanguard Long-Term Treasury ETF | 4.78% | 4.44% | 4.33% | 3.33% | 2.84% | 1.82% | 2.15% | 2.46% | 2.71% | 2.55% | 2.69% | 3.21% |
Frequently Asked Questions
GBIL and VGLT have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGLT has higher volatility (2.30%) compared to GBIL (0.06%). In terms of maximum drawdown, GBIL dropped -0.76% vs VGLT's -46.18%.
On 5-year performance, GBIL leads with 3.43% vs -7.20% for VGLT. On fees, VGLT is cheaper at 0.03% per year. On volatility, GBIL has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GBIL has performed better with a 3.43% return vs -7.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGLT is cheaper with a 0.03% expense ratio, compared with 0.12% for GBIL.
VGLT has the higher dividend yield at 4.78%, compared with 3.68% for GBIL.
GBIL tracks FTSE US Treasury 0-1 Year Composite Select Index, while VGLT tracks Bloomberg U.S. Long Treasury Index. They also come from different issuers: Goldman Sachs and Vanguard. Their fees differ too: 0.12% for GBIL and 0.03% for VGLT.
GBIL currently has the higher Sharpe Ratio (18.10 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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