VFITX vs. PDMIX
VFITX (Vanguard Intermediate-Term Treasury Fund Investor Shares) and PDMIX (PIMCO GNMA and Government Securities Fund) are both Government Bonds funds. Over the past 10 years, VFITX returned 1.13%/yr vs 1.36%/yr for PDMIX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. VFITX charges 0.20%/yr vs 0.50%/yr for PDMIX.
Performance
VFITX vs. PDMIX - Performance Comparison
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Returns By Period
In the year-to-date period, VFITX achieves a -1.19% return, which is significantly lower than PDMIX's -0.13% return. Over the past 10 years, VFITX has underperformed PDMIX with an annualized return of 1.13%, while PDMIX has yielded a comparatively higher 1.36% annualized return.
VFITX
- 1D
- 0.10%
- 1M
- -0.91%
- 6M
- -0.92%
- YTD
- -1.19%
- 1Y
- 0.81%
- 3Y*
- 3.57%
- 5Y*
- -0.33%
- 10Y*
- 1.13%
- ALL TIME*
- 4.53%
PDMIX
- 1D
- 0.32%
- 1M
- -1.59%
- 6M
- -0.59%
- YTD
- -0.13%
- 1Y
- 2.79%
- 3Y*
- 4.61%
- 5Y*
- -0.08%
- 10Y*
- 1.36%
- ALL TIME*
- 4.11%
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 |
VFITX vs. PDMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares | -1.19% | 7.54% | 1.39% | 4.08% | -10.43% | -2.38% | 8.20% | 6.29% | 1.01% | 1.57% |
PDMIX PIMCO GNMA and Government Securities Fund | -0.13% | 8.43% | 1.59% | 6.03% | -13.96% | -0.65% | 5.78% | 6.57% | 0.83% | 2.06% |
Correlation
The correlation between VFITX and PDMIX 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. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.91 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 1997 | 0.80 |
The correlation between VFITX and PDMIX shifts across timeframes, from 0.80 (all time) to 0.92 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
VFITX vs. PDMIX — Risk / Return Rank
VFITX
PDMIX
VFITX vs. PDMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and PIMCO GNMA and Government Securities Fund (PDMIX). 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.
| VFITX | PDMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.12 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.90 | -0.65 |
| Martin ratioReturn relative to average drawdown | 0.57 | 2.47 | -1.90 |
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Drawdowns
VFITX vs. PDMIX - Drawdown Comparison
The maximum VFITX drawdown since its inception was -15.58%, smaller than the maximum PDMIX drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for VFITX and PDMIX.
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Drawdown Indicators
| VFITX | PDMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -18.64% | +3.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.24% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -6.21% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -14.54% | -18.59% | +4.05% |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | -18.64% | +3.06% |
Current DrawdownCurrent decline from peak | -2.86% | -2.67% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -1.75% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.18% | +0.26% |
Volatility
VFITX vs. PDMIX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) is 0.94%, while PIMCO GNMA and Government Securities Fund (PDMIX) has a volatility of 1.43%. This indicates that VFITX experiences smaller price fluctuations and is considered to be less risky than PDMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFITX | PDMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.43% | -0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 3.65% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 4.34% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 6.72% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 5.10% | -0.44% |
VFITX vs. PDMIX - Expense Ratio Comparison
VFITX has a 0.20% expense ratio, which is lower than PDMIX's 0.50% expense ratio.
Dividends
VFITX vs. PDMIX - Dividend Comparison
VFITX's dividend yield for the trailing twelve months is around 3.63%, less than PDMIX's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDMIX PIMCO GNMA and Government Securities Fund | 4.01% | 4.29% | 4.66% | 3.76% | 3.84% | 2.03% | 2.40% | 3.41% | 3.10% | 2.96% | 2.93% | 2.14% |
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares | 3.63% | 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
With a correlation of 0.91, VFITX and PDMIX 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.
PDMIX has higher volatility (1.43%) compared to VFITX (0.94%). In terms of maximum drawdown, VFITX dropped -15.58% vs PDMIX's -18.64%.
PDMIX currently has the higher Sharpe Ratio (0.68 vs 0.22), 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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