IEF vs. VIS
IEF (iShares 7-10 Year Treasury Bond ETF) and VIS (Vanguard Industrials ETF) are both exchange-traded funds - IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while VIS is a Industrials Equities fund tracking the MSCI US Investable Market Industrials 25/50 Index. Both are passively managed. Over the past 10 years, IEF returned 0.53%/yr vs 13.91%/yr for VIS. At a correlation of -0.26, they often move in opposite directions. IEF charges 0.15%/yr vs 0.09%/yr for VIS.
Performance
IEF vs. VIS - Performance Comparison
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Returns By Period
In the year-to-date period, IEF achieves a -1.16% return, which is significantly lower than VIS's 13.89% return. Over the past 10 years, IEF has underperformed VIS with an annualized return of 0.53%, while VIS has yielded a comparatively higher 13.91% annualized return.
IEF
- 1D
- -0.11%
- 1M
- -1.19%
- YTD
- -1.16%
- 6M
- -0.96%
- 1Y
- 3.91%
- 3Y*
- 2.43%
- 5Y*
- -1.34%
- 10Y*
- 0.53%
VIS
- 1D
- -0.31%
- 1M
- 0.03%
- YTD
- 13.89%
- 6M
- 14.16%
- 1Y
- 24.77%
- 3Y*
- 21.62%
- 5Y*
- 12.72%
- 10Y*
- 13.91%
IEF vs. VIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -1.16% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
VIS Vanguard Industrials ETF | 13.89% | 18.57% | 16.85% | 22.50% | -8.57% | 20.80% | 12.34% | 30.09% | -14.01% | 21.47% |
Correlation
The correlation between IEF and VIS is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2004 | -0.26 |
The correlation between IEF and VIS shifts across timeframes, from -0.26 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IEF vs. VIS — Risk / Return Rank
IEF
VIS
IEF vs. VIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) and Vanguard Industrials ETF (VIS). 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.
| IEF | VIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 2.02 | -1.06 |
| Martin ratioReturn relative to average drawdown | 2.79 | 8.39 | -5.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IEF | VIS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 1.51 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.70 | -0.87 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.68 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.52 | -0.02 |
Drawdowns
IEF vs. VIS - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, smaller than the maximum VIS drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for IEF and VIS.
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Drawdown Indicators
| IEF | VIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -63.51% | +39.58% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -12.29% | +8.22% |
Max Drawdown (3Y)Largest decline over 3 years | -7.74% | -20.80% | +13.06% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -22.96% | +1.56% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | -42.42% | +18.49% |
Current DrawdownCurrent decline from peak | -11.80% | -1.85% | -9.95% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -8.37% | +3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 2.96% | -1.56% |
Volatility
IEF vs. VIS - Volatility Comparison
The current volatility for iShares 7-10 Year Treasury Bond ETF (IEF) is 1.51%, while Vanguard Industrials ETF (VIS) has a volatility of 4.56%. This indicates that IEF experiences smaller price fluctuations and is considered to be less risky than VIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEF | VIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.51% | 4.56% | -3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.36% | 13.57% | -10.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.69% | 16.52% | -11.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 18.37% | -10.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.63% | 20.44% | -13.81% |
IEF vs. VIS - Expense Ratio Comparison
IEF has a 0.15% expense ratio, which is higher than VIS's 0.09% 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
IEF vs. VIS - Dividend Comparison
IEF's dividend yield for the trailing twelve months is around 3.92%, more than VIS's 0.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | 3.92% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
VIS Vanguard Industrials ETF | 0.90% | 1.01% | 1.23% | 1.36% | 1.52% | 1.11% | 1.38% | 1.68% | 1.90% | 1.60% | 1.81% | 1.94% |
Frequently Asked Questions
IEF and VIS have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VIS has higher volatility (4.56%) compared to IEF (1.51%). In terms of maximum drawdown, IEF dropped -23.93% vs VIS's -63.51%.
On 10-year performance, VIS leads with 13.91% vs 0.53% for IEF. On fees, VIS is cheaper at 0.09% per year. On volatility, IEF has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VIS has performed better with a 13.91% return vs 0.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VIS is cheaper with a 0.09% expense ratio, compared with 0.15% for IEF.
IEF has the higher dividend yield at 3.92%, compared with 0.90% for VIS.
IEF is categorized as Government Bonds, while VIS is Industrials Equities. IEF tracks ICE U.S. Treasury 7-10 Year Bond Index, while VIS tracks MSCI US Investable Market Industrials 25/50 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.15% for IEF and 0.09% for VIS.
VIS currently has the higher Sharpe Ratio (1.51 vs 0.84), 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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