VFITX vs. VFIIX
Compare and contrast key facts about Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and Vanguard GNMA Fund Investor Shares (VFIIX).
VFITX is managed by Vanguard. It was launched on Oct 28, 1991. VFIIX is managed by Vanguard. It was launched on Jun 27, 1980.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFITX or VFIIX.
Key characteristics
| VFITX | VFIIX | |
|---|---|---|
| YTD Return | 4.92% | 4.45% |
| 1Y Return | 9.30% | 9.53% |
| 3Y Return (Ann) | -1.27% | -0.93% |
| 5Y Return (Ann) | 0.83% | 0.32% |
| 10Y Return (Ann) | 1.67% | 1.43% |
| Sharpe Ratio | 1.60 | 1.36 |
| Daily Std Dev | 5.75% | 6.94% |
| Max Drawdown | -15.49% | -16.10% |
| Current Drawdown | -4.86% | -3.22% |
Correlation
The correlation between VFITX and VFIIX is 0.83, 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. VFIIX - Performance Comparison
In the year-to-date period, VFITX achieves a 4.92% return, which is significantly higher than VFIIX's 4.45% return. Over the past 10 years, VFITX has outperformed VFIIX with an annualized return of 1.67%, while VFIIX has yielded a comparatively lower 1.43% 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. VFIIX - Expense Ratio Comparison
VFITX has a 0.20% expense ratio, which is lower than VFIIX's 0.21% expense ratio. Despite the difference, 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. VFIIX - 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 GNMA Fund Investor Shares (VFIIX). 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. VFIIX - Dividend Comparison
VFITX's dividend yield for the trailing twelve months is around 3.81%, more than VFIIX's 3.33% 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% |
VFIIX Vanguard GNMA Fund Investor Shares | 3.33% | 3.23% | 2.34% | 0.76% | 1.88% | 2.76% | 2.89% | 2.63% | 3.01% | 2.65% | 2.66% | 2.23% |
Drawdowns
VFITX vs. VFIIX - Drawdown Comparison
The maximum VFITX drawdown since its inception was -15.49%, roughly equal to the maximum VFIIX drawdown of -16.10%. Use the drawdown chart below to compare losses from any high point for VFITX and VFIIX. For additional features, visit the drawdowns tool.
Volatility
VFITX vs. VFIIX - Volatility Comparison
Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) has a higher volatility of 1.25% compared to Vanguard GNMA Fund Investor Shares (VFIIX) at 1.10%. This indicates that VFITX's price experiences larger fluctuations and is considered to be riskier than VFIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.