VFITX vs. VWITX
Compare and contrast key facts about Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX).
VFITX is managed by Vanguard. It was launched on Oct 28, 1991. VWITX is managed by Vanguard. It was launched on Sep 1, 1977.
Performance
VFITX vs. VWITX - Performance Comparison
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VFITX vs. VWITX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares | -0.48% | 7.54% | 1.39% | 4.08% | -10.43% | -2.38% | 8.20% | 6.29% | 1.01% | 1.57% |
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | -0.48% | 5.89% | 2.23% | 5.82% | -6.90% | 0.74% | 5.14% | 7.01% | 1.26% | 4.54% |
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with VFITX at -0.48% and VWITX at -0.48%. Over the past 10 years, VFITX has underperformed VWITX with an annualized return of 1.33%, while VWITX has yielded a comparatively higher 2.29% annualized return.
VFITX
- 1D
- 0.10%
- 1M
- -1.68%
- YTD
- -0.48%
- 6M
- 0.38%
- 1Y
- 3.52%
- 3Y*
- 3.18%
- 5Y*
- 0.27%
- 10Y*
- 1.33%
VWITX
- 1D
- 0.22%
- 1M
- -2.36%
- YTD
- -0.48%
- 6M
- 1.07%
- 1Y
- 4.47%
- 3Y*
- 3.64%
- 5Y*
- 1.49%
- 10Y*
- 2.29%
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VFITX vs. VWITX - Expense Ratio Comparison
VFITX has a 0.20% expense ratio, which is higher than VWITX's 0.17% 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%.
Return for Risk
VFITX vs. VWITX — Risk / Return Rank
VFITX
VWITX
VFITX vs. VWITX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) and Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX). 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 | VWITX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.88 | 1.25 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.33 | 1.66 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.35 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.43 | +0.08 |
Martin ratioReturn relative to average drawdown | 4.59 | 5.48 | -0.89 |
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 | VWITX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.25 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.46 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.67 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.76 | +0.16 |
Correlation
The correlation between VFITX and VWITX is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
VFITX vs. VWITX - Dividend Comparison
VFITX's dividend yield for the trailing twelve months is around 3.58%, more than VWITX's 3.25% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFITX Vanguard Intermediate-Term Treasury Fund Investor Shares | 3.58% | 3.90% | 4.05% | 3.45% | 1.97% | 0.99% | 4.84% | 2.30% | 2.34% | 1.75% | 2.77% | 2.50% |
VWITX Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares | 3.25% | 3.96% | 3.53% | 2.70% | 2.43% | 1.83% | 2.32% | 2.80% | 2.80% | 2.72% | 2.80% | 2.88% |
Drawdowns
VFITX vs. VWITX - Drawdown Comparison
The maximum VFITX drawdown since its inception was -15.58%, smaller than the maximum VWITX drawdown of -29.13%. Use the drawdown chart below to compare losses from any high point for VFITX and VWITX.
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Drawdown Indicators
| VFITX | VWITX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -29.13% | +13.55% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -3.89% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.98% | -11.46% | -3.52% |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | -11.46% | -4.12% |
Current DrawdownCurrent decline from peak | -2.16% | -2.64% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -3.58% | +0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.02% | -0.08% |
Volatility
VFITX vs. VWITX - Volatility Comparison
Vanguard Intermediate-Term Treasury Fund Investor Shares (VFITX) has a higher volatility of 1.44% compared to Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares (VWITX) at 1.01%. This indicates that VFITX's price experiences larger fluctuations and is considered to be riskier than VWITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VFITX | VWITX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 1.01% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 1.57% | +0.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.29% | 3.92% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.59% | 3.22% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.65% | 3.41% | +1.24% |