VFITX vs. BND
Compare and contrast key facts about Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and Vanguard Total Bond Market ETF (BND).
VFITX is managed by Vanguard. It was launched on Oct 28, 1991. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFITX or BND.
Key characteristics
| VFITX | BND | |
|---|---|---|
| YTD Return | 4.92% | 5.06% |
| 1Y Return | 9.30% | 10.19% |
| 3Y Return (Ann) | -1.27% | -1.71% |
| 5Y Return (Ann) | 0.83% | 0.63% |
| 10Y Return (Ann) | 1.67% | 1.88% |
| Sharpe Ratio | 1.60 | 1.58 |
| Daily Std Dev | 5.75% | 6.34% |
| Max Drawdown | -15.49% | -18.84% |
| Current Drawdown | -4.86% | -6.07% |
Correlation
The correlation between VFITX and BND is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
VFITX vs. BND - Performance Comparison
The year-to-date returns for both investments are quite close, with VFITX having a 4.92% return and BND slightly higher at 5.06%. Over the past 10 years, VFITX has underperformed BND with an annualized return of 1.67%, while BND has yielded a comparatively higher 1.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VFITX vs. BND - Expense Ratio Comparison
VFITX has a 0.20% expense ratio, which is higher than BND'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%.
Risk-Adjusted Performance
VFITX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and Vanguard Total Bond Market ETF (BND). 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.
Dividends
VFITX vs. BND - Dividend Comparison
VFITX's dividend yield for the trailing twelve months is around 3.81%, more than BND's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares | 3.81% | 3.46% | 1.97% | 1.08% | 4.86% | 2.31% | 2.34% | 1.75% | 2.77% | 2.37% | 1.86% | 1.88% |
BND Vanguard Total Bond Market ETF | 3.37% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
VFITX vs. BND - Drawdown Comparison
The maximum VFITX drawdown since its inception was -15.49%, smaller than the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for VFITX and BND. For additional features, visit the drawdowns tool.
Volatility
VFITX vs. BND - Volatility Comparison
Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) has a higher volatility of 1.25% compared to Vanguard Total Bond Market ETF (BND) at 1.17%. This indicates that VFITX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.