VFITX vs. PIOBX
Compare and contrast key facts about Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and Pioneer Bond Fund (PIOBX).
VFITX is managed by Vanguard. It was launched on Oct 28, 1991. PIOBX is managed by Amundi. It was launched on Oct 31, 1978.
Performance
VFITX vs. PIOBX - Performance Comparison
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VFITX vs. PIOBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares | -0.58% | 7.54% | 1.39% | 4.08% | -10.43% | -2.38% | 8.20% | 6.29% | 1.01% | 1.57% |
PIOBX Pioneer Bond Fund | -0.56% | 8.09% | 1.22% | 5.68% | -14.96% | 0.36% | 8.51% | 8.95% | -0.87% | 4.24% |
Returns By Period
The year-to-date returns for both investments are quite close, with VFITX having a -0.58% return and PIOBX slightly higher at -0.56%. Over the past 10 years, VFITX has underperformed PIOBX with an annualized return of 1.32%, while PIOBX has yielded a comparatively higher 2.06% annualized return.
VFITX
- 1D
- 0.51%
- 1M
- -2.26%
- YTD
- -0.58%
- 6M
- 0.58%
- 1Y
- 3.63%
- 3Y*
- 3.14%
- 5Y*
- 0.29%
- 10Y*
- 1.32%
PIOBX
- 1D
- 0.48%
- 1M
- -2.43%
- YTD
- -0.56%
- 6M
- 0.43%
- 1Y
- 4.23%
- 3Y*
- 3.53%
- 5Y*
- 0.04%
- 10Y*
- 2.06%
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VFITX vs. PIOBX - Expense Ratio Comparison
VFITX has a 0.20% expense ratio, which is lower than PIOBX's 0.79% expense ratio.
Return for Risk
VFITX vs. PIOBX — Risk / Return Rank
VFITX
PIOBX
VFITX vs. PIOBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and Pioneer Bond Fund (PIOBX). 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 | PIOBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 1.06 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.53 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.19 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.69 | 1.81 | -0.11 |
Martin ratioReturn relative to average drawdown | 5.21 | 5.66 | -0.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VFITX | PIOBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 1.06 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.01 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.42 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.72 | +0.20 |
Correlation
The correlation between VFITX and PIOBX is 0.84, 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.
Dividends
VFITX vs. PIOBX - Dividend Comparison
VFITX's dividend yield for the trailing twelve months is around 3.59%, more than PIOBX's 3.45% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares | 3.59% | 3.90% | 4.05% | 3.45% | 1.97% | 0.99% | 4.84% | 2.30% | 2.34% | 1.75% | 2.77% | 2.50% |
PIOBX Pioneer Bond Fund | 3.45% | 3.78% | 3.31% | 2.46% | 1.62% | 5.71% | 4.62% | 3.02% | 3.13% | 3.01% | 2.97% | 3.05% |
Drawdowns
VFITX vs. PIOBX - Drawdown Comparison
The maximum VFITX drawdown since its inception was -15.58%, smaller than the maximum PIOBX drawdown of -21.80%. Use the drawdown chart below to compare losses from any high point for VFITX and PIOBX.
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Drawdown Indicators
| VFITX | PIOBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -21.80% | +6.22% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -2.96% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -14.98% | -19.64% | +4.66% |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | -19.64% | +4.06% |
Current DrawdownCurrent decline from peak | -2.26% | -3.18% | +0.92% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -3.56% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.95% | -0.02% |
Volatility
VFITX vs. PIOBX - Volatility Comparison
Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and Pioneer Bond Fund (PIOBX) have volatilities of 1.48% and 1.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFITX | PIOBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.48% | 1.53% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 2.57% | 2.47% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 4.46% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 5.97% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 4.91% | -0.26% |