IEI vs. VGIT
Compare and contrast key facts about iShares 3-7 Year Treasury Bond ETF (IEI) and Vanguard Intermediate-Term Treasury ETF (VGIT).
IEI and VGIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007. VGIT is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 3-10 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. Both IEI and VGIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IEI or VGIT.
Performance
IEI vs. VGIT - Performance Comparison
Returns By Period
In the year-to-date period, IEI achieves a 1.62% return, which is significantly higher than VGIT's 1.36% return. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: IEI at 1.10% and VGIT at 1.10%.
IEI
1.62%
-0.74%
2.90%
4.68%
-0.02%
1.10%
VGIT
1.36%
-0.80%
2.87%
4.73%
-0.24%
1.10%
Key characteristics
| IEI | VGIT | |
|---|---|---|
| Sharpe Ratio | 1.07 | 0.96 |
| Sortino Ratio | 1.58 | 1.41 |
| Omega Ratio | 1.19 | 1.17 |
| Calmar Ratio | 0.42 | 0.36 |
| Martin Ratio | 3.14 | 2.76 |
| Ulcer Index | 1.49% | 1.71% |
| Daily Std Dev | 4.37% | 4.92% |
| Max Drawdown | -14.60% | -16.05% |
| Current Drawdown | -6.87% | -8.68% |
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IEI vs. VGIT - Expense Ratio Comparison
IEI has a 0.15% expense ratio, which is higher than VGIT's 0.04% 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%.
Correlation
The correlation between IEI and VGIT is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
IEI vs. VGIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 3-7 Year Treasury Bond ETF (IEI) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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.
Dividends
IEI vs. VGIT - Dividend Comparison
IEI's dividend yield for the trailing twelve months is around 3.11%, less than VGIT's 3.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEI iShares 3-7 Year Treasury Bond ETF | 3.11% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% | 1.23% | 0.77% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.57% | 2.72% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% | 1.54% | 1.63% |
Drawdowns
IEI vs. VGIT - Drawdown Comparison
The maximum IEI drawdown since its inception was -14.60%, smaller than the maximum VGIT drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for IEI and VGIT. For additional features, visit the drawdowns tool.
Volatility
IEI vs. VGIT - Volatility Comparison
The current volatility for iShares 3-7 Year Treasury Bond ETF (IEI) is 1.00%, while Vanguard Intermediate-Term Treasury ETF (VGIT) has a volatility of 1.14%. This indicates that IEI experiences smaller price fluctuations and is considered to be less risky than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.