VFITX vs. USGNX
VFITX (Vanguard Intermediate-Term Treasury Fund Investor Shares) and USGNX (USAA Government Securities Fund) are both Government Bonds funds. Over the past 10 years, VFITX returned 1.13%/yr vs 1.44%/yr for USGNX. Their correlation of 0.82 means they have usually moved in the same direction. VFITX charges 0.20%/yr vs 0.53%/yr for USGNX.
Performance
VFITX vs. USGNX - 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 USGNX's -0.47% return. Over the past 10 years, VFITX has underperformed USGNX with an annualized return of 1.13%, while USGNX has yielded a comparatively higher 1.44% 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%
USGNX
- 1D
- 0.23%
- 1M
- -0.90%
- 6M
- -0.67%
- YTD
- -0.47%
- 1Y
- 2.04%
- 3Y*
- 3.86%
- 5Y*
- 0.54%
- 10Y*
- 1.44%
- ALL TIME*
- 4.26%
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. USGNX - 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% |
USGNX USAA Government Securities Fund | -0.47% | 7.20% | 1.94% | 4.13% | -8.13% | -1.05% | 5.48% | 5.60% | 1.05% | 1.35% |
Correlation
The correlation between VFITX and USGNX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 1991 | 0.82 |
The correlation between VFITX and USGNX shifts across timeframes, from 0.82 (all time) to 0.94 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VFITX vs. USGNX — Risk / Return Rank
VFITX
USGNX
VFITX vs. USGNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and USAA Government Securities Fund (USGNX). 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 | USGNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.11 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | 0.81 | -0.55 |
| Martin ratioReturn relative to average drawdown | 0.57 | 2.06 | -1.49 |
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Drawdowns
VFITX vs. USGNX - Drawdown Comparison
The maximum VFITX drawdown since its inception was -15.58%, which is greater than USGNX's maximum drawdown of -12.03%. Use the drawdown chart below to compare losses from any high point for VFITX and USGNX.
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Drawdown Indicators
| VFITX | USGNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -12.03% | -3.55% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -2.68% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -4.38% | -0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -14.54% | -11.85% | -2.69% |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | -12.03% | -3.55% |
Current DrawdownCurrent decline from peak | -2.86% | -2.16% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -1.36% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.44% | 1.05% | +0.39% |
Volatility
VFITX vs. USGNX - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) is 0.94%, while USAA Government Securities Fund (USGNX) has a volatility of 1.00%. This indicates that VFITX experiences smaller price fluctuations and is considered to be less risky than USGNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFITX | USGNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.94% | 1.00% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.73% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 3.34% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 4.86% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 3.82% | +0.84% |
VFITX vs. USGNX - Expense Ratio Comparison
VFITX has a 0.20% expense ratio, which is lower than USGNX's 0.53% expense ratio.
Dividends
VFITX vs. USGNX - Dividend Comparison
VFITX's dividend yield for the trailing twelve months is around 3.63%, more than USGNX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USGNX USAA Government Securities Fund | 3.55% | 3.75% | 3.65% | 2.77% | 2.07% | 3.02% | 2.84% | 2.46% | 2.26% | 2.07% | 2.07% | 2.38% |
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 0.94, VFITX and USGNX 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.
USGNX has higher volatility (1.00%) compared to VFITX (0.94%). In terms of maximum drawdown, VFITX dropped -15.58% vs USGNX's -12.03%.
USGNX currently has the higher Sharpe Ratio (0.65 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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