VFICX vs. ^TNX

Last updated Apr 3, 2026

Compare and contrast key facts about Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and Treasury Yield 10 Years (^TNX).

VFICX is managed by Vanguard. It was launched on Nov 1, 1993.

Performance

VFICX vs. ^TNX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and Treasury Yield 10 Years (^TNX). The values are adjusted to include any dividend payments, if applicable.

VFICX vs. ^TNX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares	-0.88%	9.55%	3.21%	8.53%	-13.86%	-1.59%	10.33%	10.39%	-0.56%	4.17%
^TNX Treasury Yield 10 Years	3.60%	-8.97%	18.29%	-0.34%	156.55%	64.89%	-52.21%	-28.56%	11.68%	-1.68%

Returns By Period

In the year-to-date period, VFICX achieves a -0.88% return, which is significantly lower than ^TNX's 3.60% return. Over the past 10 years, VFICX has underperformed ^TNX with an annualized return of 2.70%, while ^TNX has yielded a comparatively higher 9.26% annualized return.

VFICX

• 1D: 0.11%
• 1M: -1.90%
• YTD: -0.88%
• 6M: -0.12%
• 1Y: 5.45%
• 3Y*: 5.42%
• 5Y*: 1.33%
• 10Y*: 2.70%

^TNX

• 1D: -0.14%
• 1M: 6.34%
• YTD: 3.60%
• 6M: 5.50%
• 1Y: 2.79%
• 3Y*: 7.93%
• 5Y*: 20.77%
• 10Y*: 9.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

VFICX vs. ^TNX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VFICX

VFICX Risk / Return Rank: 52
VFICX Sharpe Ratio Rank: 55
VFICX Sortino Ratio Rank: 54
VFICX Omega Ratio Rank: 42
VFICX Calmar Ratio Rank: 59
VFICX Martin Ratio Rank: 49

^TNX

^TNX Risk / Return Rank: 20
^TNX Sharpe Ratio Rank: 20
^TNX Sortino Ratio Rank: 19
^TNX Omega Ratio Rank: 18
^TNX Calmar Ratio Rank: 23
^TNX Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VFICX vs. ^TNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) and Treasury Yield 10 Years (^TNX). 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.

	VFICX	^TNX	Difference
Sharpe ratio Return per unit of total volatility	1.17	0.16	+1.01
Sortino ratio Return per unit of downside risk	1.68	0.36	+1.32
Omega ratio Gain probability vs. loss probability	1.21	1.04	+0.17
Calmar ratio Return relative to maximum drawdown	1.70	0.27	+1.43
Martin ratio Return relative to average drawdown	6.02	0.45	+5.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFICX vs. ^TNX - Sharpe Ratio Comparison

The current VFICX Sharpe Ratio is 1.17, which is higher than the ^TNX Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of VFICX and ^TNX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VFICX	^TNX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	0.16	+1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.63	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.19	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	-0.02	+0.99

Correlation

The correlation between VFICX and ^TNX is -0.83. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Drawdowns

VFICX vs. ^TNX - Drawdown Comparison

The maximum VFICX drawdown since its inception was -20.24%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for VFICX and ^TNX.

Drawdown Indicators

	VFICX	^TNX	Difference
Max Drawdown Largest peak-to-trough decline	-20.24%	-93.78%	+73.54%
Max Drawdown (1Y) Largest decline over 1 year	-3.34%	-13.99%	+10.65%
Max Drawdown (5Y) Largest decline over 5 years	-20.24%	-31.74%	+11.50%
Max Drawdown (10Y) Largest decline over 10 years	-20.24%	-84.57%	+64.33%
Current Drawdown Current decline from peak	-2.34%	-46.24%	+43.90%
Average Drawdown Average peak-to-trough decline	-2.49%	-51.38%	+48.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	8.40%	-7.46%

Volatility

VFICX vs. ^TNX - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) is 1.78%, while Treasury Yield 10 Years (^TNX) has a volatility of 5.90%. This indicates that VFICX experiences smaller price fluctuations and is considered to be less risky than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFICX	^TNX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.78%	5.90%	-4.12%
Volatility (6M) Calculated over the trailing 6-month period	2.66%	10.53%	-7.87%
Volatility (1Y) Calculated over the trailing 1-year period	4.67%	17.76%	-13.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.34%	32.94%	-26.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.16%	48.17%	-43.01%