VFICX vs. VITAX

Last updated Jun 24, 2026

VFICX (Vanguard Intermediate-Term Investment-Grade Fund Investor Shares) and VITAX (Vanguard Information Technology Index Fund Admiral Shares) are both mutual funds - VFICX is a Total Bond Market fund managed by Vanguard, while VITAX is a Technology Equities fund tracking the MSCI US Investable Market Information Technology 25/50 Index. Over the past 10 years, VFICX returned 2.59%/yr vs 25.96%/yr for VITAX. At a correlation of -0.12, they often move in opposite directions. VFICX charges 0.20%/yr vs 0.09%/yr for VITAX.

Performance

VFICX vs. VITAX - 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 Vanguard Information Technology Index Fund Admiral Shares (VITAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFICX achieves a -0.19% return, which is significantly lower than VITAX's 28.08% return. Over the past 10 years, VFICX has underperformed VITAX with an annualized return of 2.59%, while VITAX has yielded a comparatively higher 25.96% annualized return.

VFICX

• 1D: -0.34%
• 1M: 0.42%
• YTD: -0.19%
• 6M: 0.33%
• 1Y: 5.07%
• 3Y*: 5.98%
• 5Y*: 1.10%
• 10Y*: 2.59%

VITAX

• 1D: 0.31%
• 1M: 4.14%
• YTD: 28.08%
• 6M: 26.17%
• 1Y: 52.48%
• 3Y*: 31.76%
• 5Y*: 20.58%
• 10Y*: 25.96%

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

VFICX vs. VITAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares	-0.19%	9.55%	3.21%	8.53%	-13.86%	-1.59%	10.33%	10.39%	-0.56%	4.17%
VITAX Vanguard Information Technology Index Fund Admiral Shares	28.08%	21.78%	29.26%	52.69%	-29.67%	30.36%	45.93%	48.72%	2.51%	37.07%

Correlation

The correlation between VFICX and VITAX 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	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 2, 2004	-0.12

The correlation between VFICX and VITAX shifts across timeframes, from -0.12 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VFICX vs. VITAX — Risk / Return Rank

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

VFICX

VFICX Risk / Return Rank: 22
VFICX Sharpe Ratio Rank: 22
VFICX Sortino Ratio Rank: 24
VFICX Omega Ratio Rank: 22
VFICX Calmar Ratio Rank: 22
VFICX Martin Ratio Rank: 23

VITAX

VITAX Risk / Return Rank: 66
VITAX Sharpe Ratio Rank: 80
VITAX Sortino Ratio Rank: 60
VITAX Omega Ratio Rank: 62
VITAX Calmar Ratio Rank: 77
VITAX Martin Ratio Rank: 53

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. VITAX - 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 Vanguard Information Technology Index Fund Admiral Shares (VITAX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VFICX	VITAX	Difference
Sharpe ratio: Return per unit of total volatility	1.25	2.41	-1.16
Sortino ratio: Return per unit of downside risk	1.89	2.98	-1.09
Omega ratio: Gain probability vs. loss probability	1.23	1.40	-0.17
Calmar ratio: Return relative to maximum drawdown	1.60	3.31	-1.72
Martin ratio: Return relative to average drawdown	5.18	10.14	-4.95

VFICX vs. VITAX - Sharpe Ratio Comparison

The current VFICX Sharpe Ratio is 1.25, which is lower than the VITAX Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of VFICX and VITAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VFICX vs. VITAX - Drawdown Comparison

The maximum VFICX drawdown since its inception was -20.24%, smaller than the maximum VITAX drawdown of -54.81%. Use the drawdown chart below to compare losses from any high point for VFICX and VITAX.

Drawdown Indicators

	VFICX	VITAX	Difference
Max Drawdown Largest peak-to-trough decline	-20.24%	-54.81%	+34.57%
Max Drawdown (1Y) Largest decline over 1 year	-3.34%	-16.38%	+13.04%
Max Drawdown (3Y) Largest decline over 3 years	-6.10%	-27.38%	+21.28%
Max Drawdown (5Y) Largest decline over 5 years	-20.24%	-35.10%	+14.86%
Max Drawdown (10Y) Largest decline over 10 years	-20.24%	-35.10%	+14.86%
Current Drawdown Current decline from peak	-1.66%	-4.17%	+2.51%
Average Drawdown Average peak-to-trough decline	-2.49%	-8.01%	+5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.03%	5.34%	-4.31%

Volatility

VFICX vs. VITAX - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) is 1.33%, while Vanguard Information Technology Index Fund Admiral Shares (VITAX) has a volatility of 10.67%. This indicates that VFICX experiences smaller price fluctuations and is considered to be less risky than VITAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFICX	VITAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	10.67%	-9.34%
Volatility (6M) Calculated over the trailing 6-month period	3.24%	18.29%	-15.05%
Volatility (1Y) Calculated over the trailing 1-year period	4.26%	22.54%	-18.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.39%	25.71%	-19.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.20%	25.02%	-19.82%

VFICX vs. VITAX - Expense Ratio Comparison

VFICX has a 0.20% expense ratio, which is higher than VITAX'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

VFICX vs. VITAX - Dividend Comparison

VFICX's dividend yield for the trailing twelve months is around 5.01%, more than VITAX's 0.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VFICX Vanguard Intermediate-Term Investment-Grade Fund Investor Shares	5.01%	4.81%	4.57%	3.81%	3.09%	3.53%	5.70%	3.03%	3.20%	2.96%	3.84%	3.54%
VITAX Vanguard Information Technology Index Fund Admiral Shares	0.32%	0.40%	0.60%	0.65%	0.91%	0.63%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both VFICX and VITAX in my portfolio?

VFICX and VITAX 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.

Which is riskier, VFICX or VITAX?

VITAX has higher volatility (10.67%) compared to VFICX (1.33%). In terms of maximum drawdown, VFICX dropped -20.24% vs VITAX's -54.81%.

Which has better risk-adjusted returns?

VITAX currently has the higher Sharpe Ratio (2.41 vs 1.25), 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.