TBLL vs. VGIT
Compare and contrast key facts about Invesco Short Term Treasury ETF (TBLL) and Vanguard Intermediate-Term Treasury ETF (VGIT).
TBLL and VGIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBLL is a passively managed fund by Invesco that tracks the performance of the ICE U.S. Treasury Short Bond Index. It was launched on Jan 10, 2017. 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 TBLL 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: TBLL or VGIT.
Key characteristics
| TBLL | VGIT | |
|---|---|---|
| YTD Return | 4.41% | 1.55% |
| 1Y Return | 5.25% | 6.25% |
| 3Y Return (Ann) | 3.51% | -1.77% |
| 5Y Return (Ann) | 2.32% | -0.10% |
| Sharpe Ratio | 9.43 | 1.23 |
| Sortino Ratio | 19.77 | 1.84 |
| Omega Ratio | 6.43 | 1.22 |
| Calmar Ratio | 30.04 | 0.45 |
| Martin Ratio | 288.54 | 3.96 |
| Ulcer Index | 0.02% | 1.58% |
| Daily Std Dev | 0.56% | 5.09% |
| Max Drawdown | -0.61% | -16.05% |
| Current Drawdown | 0.00% | -8.50% |
Correlation
The correlation between TBLL and VGIT is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TBLL vs. VGIT - Performance Comparison
In the year-to-date period, TBLL achieves a 4.41% return, which is significantly higher than VGIT's 1.55% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TBLL vs. VGIT - Expense Ratio Comparison
TBLL has a 0.08% 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%.
Risk-Adjusted Performance
TBLL vs. VGIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Term Treasury ETF (TBLL) 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
TBLL vs. VGIT - Dividend Comparison
TBLL's dividend yield for the trailing twelve months is around 5.15%, more than VGIT's 3.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBLL Invesco Short Term Treasury ETF | 5.15% | 4.63% | 1.37% | 0.05% | 0.80% | 2.24% | 1.69% | 0.71% | 0.00% | 0.00% | 0.00% | 0.00% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.56% | 2.72% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% | 1.54% | 1.63% |
Drawdowns
TBLL vs. VGIT - Drawdown Comparison
The maximum TBLL drawdown since its inception was -0.61%, smaller than the maximum VGIT drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for TBLL and VGIT. For additional features, visit the drawdowns tool.
Volatility
TBLL vs. VGIT - Volatility Comparison
The current volatility for Invesco Short Term Treasury ETF (TBLL) is 0.09%, while Vanguard Intermediate-Term Treasury ETF (VGIT) has a volatility of 1.25%. This indicates that TBLL 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.