VFIDX vs. VFIJX
VFIDX (Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares) and VFIJX (Vanguard GNMA Fund Admiral Shares) are both mutual funds - VFIDX is a Total Bond Market fund tracking the Bloomberg U.S. 5-10 Year Credit Bond Index, while VFIJX is a Government Bonds fund managed by Vanguard. Over the past 10 years, VFIDX returned 2.48%/yr vs 1.27%/yr for VFIJX. Their correlation of 0.83 means they have usually moved in the same direction. VFIDX charges 0.09%/yr vs 0.11%/yr for VFIJX.
Performance
VFIDX vs. VFIJX - Performance Comparison
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Returns By Period
In the year-to-date period, VFIDX achieves a -0.87% return, which is significantly lower than VFIJX's 0.18% return. Over the past 10 years, VFIDX has outperformed VFIJX with an annualized return of 2.48%, while VFIJX has yielded a comparatively lower 1.27% annualized return.
VFIDX
- 1D
- 0.12%
- 1M
- -1.37%
- 6M
- -0.95%
- YTD
- -0.87%
- 1Y
- 2.14%
- 3Y*
- 5.55%
- 5Y*
- 0.70%
- 10Y*
- 2.48%
- ALL TIME*
- 4.32%
VFIJX
- 1D
- 0.00%
- 1M
- -0.85%
- 6M
- -0.35%
- YTD
- 0.18%
- 1Y
- 3.29%
- 3Y*
- 4.15%
- 5Y*
- 0.39%
- 10Y*
- 1.27%
- ALL TIME*
- 3.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VFIDX vs. VFIJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | -0.87% | 9.67% | 3.29% | 8.63% | -13.77% | -1.51% | 10.44% | 10.50% | -0.44% | 4.28% |
VFIJX Vanguard GNMA Fund Admiral Shares | 0.18% | 7.84% | 1.17% | 5.28% | -10.72% | -1.15% | 3.84% | 5.94% | 0.99% | 1.98% |
Correlation
The correlation between VFIDX and VFIJX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2001 | 0.83 |
The correlation between VFIDX and VFIJX shifts across timeframes, from 0.83 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VFIDX vs. VFIJX — Risk / Return Rank
VFIDX
VFIJX
VFIDX vs. VFIJX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) and Vanguard GNMA Fund Admiral Shares (VFIJX). 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.
| VFIDX | VFIJX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.02 | 1.63 | -0.61 |
| Martin ratioReturn relative to average drawdown | 2.96 | 4.38 | -1.42 |
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Drawdowns
VFIDX vs. VFIJX - Drawdown Comparison
The maximum VFIDX drawdown since its inception was -20.14%, which is greater than VFIJX's maximum drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for VFIDX and VFIJX.
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Drawdown Indicators
| VFIDX | VFIJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.14% | -16.06% | -4.08% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -2.71% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -5.40% | -6.01% | +0.61% |
Max Drawdown (5Y)Largest decline over 5 years | -20.06% | -15.68% | -4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -20.14% | -16.06% | -4.08% |
Current DrawdownCurrent decline from peak | -2.34% | -1.99% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -2.60% | -1.74% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.01% | +0.14% |
Volatility
VFIDX vs. VFIJX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) is 1.01%, while Vanguard GNMA Fund Admiral Shares (VFIJX) has a volatility of 1.08%. This indicates that VFIDX experiences smaller price fluctuations and is considered to be less risky than VFIJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFIDX | VFIJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 1.08% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 3.34% | 3.05% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.15% | 3.88% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.40% | 6.24% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.20% | 4.72% | +0.48% |
VFIDX vs. VFIJX - Expense Ratio Comparison
VFIDX has a 0.09% expense ratio, which is lower than VFIJX's 0.11% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VFIDX vs. VFIJX - Dividend Comparison
VFIDX's dividend yield for the trailing twelve months is around 4.76%, more than VFIJX's 3.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 4.76% | 4.91% | 4.65% | 3.90% | 3.20% | 3.61% | 5.80% | 3.13% | 3.32% | 3.06% | 3.94% | 3.64% |
VFIJX Vanguard GNMA Fund Admiral Shares | 3.50% | 3.72% | 3.67% | 3.34% | 2.45% | 0.73% | 1.98% | 2.86% | 3.00% | 2.73% | 3.11% | 2.94% |
Frequently Asked Questions
With a correlation of 0.91, VFIDX and VFIJX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VFIJX has higher volatility (1.08%) compared to VFIDX (1.01%). In terms of maximum drawdown, VFIDX dropped -20.14% vs VFIJX's -16.06%.
VFIJX currently has the higher Sharpe Ratio (1.14 vs 0.82), 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.
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