VBIL vs. VGIT
VBIL (Vanguard 0-3 Month Treasury Bill ETF) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both exchange-traded funds - VBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index, while VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index. Both are passively managed. Over the past year, VBIL returned 3.93% vs 3.19% for VGIT. At a 0.02 correlation, their price movements are largely independent. VBIL charges 0.07%/yr vs 0.03%/yr for VGIT.
Performance
VBIL vs. VGIT - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VBIL achieves a 1.51% return, which is significantly higher than VGIT's -0.32% return.
VBIL
- 1D
- 0.01%
- 1M
- 0.30%
- YTD
- 1.51%
- 6M
- 1.81%
- 1Y
- 3.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGIT
- 1D
- 0.14%
- 1M
- -0.08%
- YTD
- -0.32%
- 6M
- -0.27%
- 1Y
- 3.19%
- 3Y*
- 3.44%
- 5Y*
- 0.07%
- 10Y*
- 1.26%
VBIL vs. VGIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VBIL Vanguard 0-3 Month Treasury Bill ETF | 1.51% | 3.71% |
VGIT Vanguard Intermediate-Term Treasury ETF | -0.32% | 6.71% |
Correlation
The correlation between VBIL and VGIT is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VBIL vs. VGIT — Risk / Return Rank
VBIL
VGIT
VBIL vs. VGIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard 0-3 Month Treasury Bill ETF (VBIL) 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.
| VBIL | VGIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +14.19 | ||
| Sortino ratioReturn per unit of downside risk | +37.60 | ||
| Omega ratioGain probability vs. loss probability | 21.07 | 1.17 | +19.90 |
| Calmar ratioReturn relative to maximum drawdown | 42.54 | 1.13 | +41.41 |
| Martin ratioReturn relative to average drawdown | 531.60 | 3.36 | +528.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VBIL | VGIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 15.14 | 0.96 | +14.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.01 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.28 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 13.45 | 0.50 | +12.96 |
Drawdowns
VBIL vs. VGIT - Drawdown Comparison
The maximum VBIL drawdown since its inception was -0.09%, smaller than the maximum VGIT drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for VBIL and VGIT.
Loading charts...
Drawdown Indicators
| VBIL | VGIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.09% | -16.05% | +15.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.09% | -2.83% | +2.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.34% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.02% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -16.05% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.26% | +2.26% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -3.52% | +3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.95% | -0.94% |
Volatility
VBIL vs. VGIT - Volatility Comparison
The current volatility for Vanguard 0-3 Month Treasury Bill ETF (VBIL) is 0.06%, while Vanguard Intermediate-Term Treasury ETF (VGIT) has a volatility of 1.06%. This indicates that VBIL 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.
Loading charts...
Volatility by Period
| VBIL | VGIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 1.06% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 0.16% | 2.33% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.26% | 3.38% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.30% | 5.38% | -5.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.30% | 4.50% | -4.20% |
VBIL vs. VGIT - Expense Ratio Comparison
VBIL has a 0.07% expense ratio, which is higher than VGIT'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
VBIL vs. VGIT - Dividend Comparison
VBIL's dividend yield for the trailing twelve months is around 3.65%, less than VGIT's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VBIL Vanguard 0-3 Month Treasury Bill ETF | 3.65% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.86% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
VBIL and VGIT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VGIT has higher volatility (1.06%) compared to VBIL (0.06%). In terms of maximum drawdown, VBIL dropped -0.09% vs VGIT's -16.05%.
On 1-year performance, VBIL leads with 3.93% vs 3.19% for VGIT. On fees, VGIT is cheaper at 0.03% per year. On volatility, VBIL 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 1-year period, VBIL has performed better with a 3.93% return vs 3.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VGIT is cheaper with a 0.03% expense ratio, compared with 0.07% for VBIL.
VGIT has the higher dividend yield at 3.86%, compared with 3.65% for VBIL.
VBIL is categorized as Ultrashort Bond, while VGIT is Government Bonds. VBIL tracks Bloomberg US Treasury Bills 0-3 Months Index, while VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index. Their fees differ too: 0.07% for VBIL and 0.03% for VGIT.
VBIL currently has the higher Sharpe Ratio (15.14 vs 0.96), 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.
Find the right allocation for VBIL and VGIT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer