VFITX vs. BGNMX

Last updated Jun 4, 2026

VFITX (Vanguard Intermediate-Term Treasury Fund Investor Shares) and BGNMX (American Century Ginnie Mae Fund) are both Government Bonds funds. Over the past 10 years, VFITX returned 1.29%/yr vs 0.88%/yr for BGNMX. A 0.79 correlation means they provide meaningful diversification when combined. VFITX charges 0.20%/yr vs 0.55%/yr for BGNMX.

Performance

VFITX vs. BGNMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and American Century Ginnie Mae Fund (BGNMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VFITX achieves a -0.41% return, which is significantly lower than BGNMX's 0.74% return. Over the past 10 years, VFITX has outperformed BGNMX with an annualized return of 1.29%, while BGNMX has yielded a comparatively lower 0.88% annualized return.

VFITX

• 1D: 0.00%
• 1M: 0.03%
• YTD: -0.41%
• 6M: -0.48%
• 1Y: 3.85%
• 3Y*: 3.48%
• 5Y*: 0.11%
• 10Y*: 1.29%

BGNMX

• 1D: -0.11%
• 1M: -0.12%
• YTD: 0.74%
• 6M: 0.84%
• 1Y: 6.25%
• 3Y*: 3.80%
• 5Y*: -0.13%
• 10Y*: 0.88%

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

VFITX vs. BGNMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares	-0.41%	7.54%	1.39%	4.08%	-10.43%	-2.38%	8.20%	6.29%	1.01%	1.57%
BGNMX American Century Ginnie Mae Fund	0.74%	7.43%	0.52%	4.72%	-12.06%	-1.79%	3.73%	6.17%	0.44%	1.22%

Correlation

The correlation between VFITX and BGNMX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Oct 29, 1991	0.79

The correlation between VFITX and BGNMX shifts across timeframes, from 0.79 (all time) to 0.93 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

VFITX vs. BGNMX — Risk / Return Rank

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

VFITX

VFITX Risk / Return Rank: 12
VFITX Sharpe Ratio Rank: 13
VFITX Sortino Ratio Rank: 13
VFITX Omega Ratio Rank: 12
VFITX Calmar Ratio Rank: 12
VFITX Martin Ratio Rank: 11

BGNMX

BGNMX Risk / Return Rank: 29
BGNMX Sharpe Ratio Rank: 26
BGNMX Sortino Ratio Rank: 27
BGNMX Omega Ratio Rank: 27
BGNMX Calmar Ratio Rank: 32
BGNMX Martin Ratio Rank: 31

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.

VFITX vs. BGNMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and American Century Ginnie Mae Fund (BGNMX). 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.

	VFITX	BGNMX	Difference
Sharpe ratio Return per unit of total volatility	0.97	1.48	-0.51
Sortino ratio Return per unit of downside risk	1.48	2.19	-0.71
Omega ratio Gain probability vs. loss probability	1.17	1.27	-0.10
Calmar ratio Return relative to maximum drawdown	1.17	2.15	-0.98
Martin ratio Return relative to average drawdown	3.43	7.31	-3.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VFITX vs. BGNMX - Sharpe Ratio Comparison

The current VFITX Sharpe Ratio is 0.97, which is lower than the BGNMX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of VFITX and BGNMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VFITX	BGNMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	1.48	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	-0.02	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.18	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.94	-0.02

Drawdowns

VFITX vs. BGNMX - Drawdown Comparison

The maximum VFITX drawdown since its inception was -15.58%, smaller than the maximum BGNMX drawdown of -18.46%. Use the drawdown chart below to compare losses from any high point for VFITX and BGNMX.

Drawdown Indicators

	VFITX	BGNMX	Difference
Max Drawdown Largest peak-to-trough decline	-15.58%	-18.46%	+2.88%
Max Drawdown (1Y) Largest decline over 1 year	-3.21%	-3.07%	-0.14%
Max Drawdown (3Y) Largest decline over 3 years	-4.78%	-7.78%	+3.00%
Max Drawdown (5Y) Largest decline over 5 years	-14.98%	-17.74%	+2.76%
Max Drawdown (10Y) Largest decline over 10 years	-15.58%	-18.46%	+2.88%
Current Drawdown Current decline from peak	-2.09%	-1.61%	-0.48%
Average Drawdown Average peak-to-trough decline	-2.64%	-2.03%	-0.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.09%	0.90%	+0.19%

Volatility

VFITX vs. BGNMX - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) is 1.27%, while American Century Ginnie Mae Fund (BGNMX) has a volatility of 1.66%. This indicates that VFITX experiences smaller price fluctuations and is considered to be less risky than BGNMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VFITX	BGNMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.27%	1.66%	-0.39%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	3.02%	-0.26%
Volatility (1Y) Calculated over the trailing 1-year period	3.88%	4.08%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.63%	6.45%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.66%	4.84%	-0.18%

VFITX vs. BGNMX - Expense Ratio Comparison

VFITX has a 0.20% expense ratio, which is lower than BGNMX's 0.55% expense ratio.

Dividends

VFITX vs. BGNMX - Dividend Comparison

VFITX's dividend yield for the trailing twelve months is around 3.93%, which matches BGNMX's 3.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGNMX American Century Ginnie Mae Fund	3.94%	3.86%	3.70%	3.21%	1.90%	1.64%	2.16%	2.68%	2.65%	2.37%	2.37%	2.37%
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares	3.93%	3.90%	4.05%	3.45%	1.97%	0.99%	4.84%	2.30%	2.34%	1.75%	2.77%	2.50%

Frequently Asked Questions

Can I hold both VFITX and BGNMX in my portfolio?

With a correlation of 0.91, VFITX and BGNMX 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.

Which is riskier, VFITX or BGNMX?

BGNMX has higher volatility (1.66%) compared to VFITX (1.27%). In terms of maximum drawdown, VFITX dropped -15.58% vs BGNMX's -18.46%.

Which has better risk-adjusted returns?

BGNMX currently has the higher Sharpe Ratio (1.48 vs 0.97), 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.