VGVT vs. BFIX
VGVT (Vanguard Government Securities Active ETF) and BFIX (Build Bond Innovation ETF) are both Intermediate Core Bond funds. Both are actively managed. At a 0.33 correlation, their price movements are largely independent. VGVT charges 0.10%/yr vs 0.45%/yr for BFIX.
Performance
VGVT vs. BFIX - Performance Comparison
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Returns By Period
In the year-to-date period, VGVT achieves a 0.29% return, which is significantly lower than BFIX's 0.67% return.
VGVT
- 1D
- 0.22%
- 1M
- 0.58%
- YTD
- 0.29%
- 6M
- 0.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BFIX
- 1D
- -0.12%
- 1M
- -0.45%
- YTD
- 0.67%
- 6M
- -0.05%
- 1Y
- 3.71%
- 3Y*
- 7.39%
- 5Y*
- —
- 10Y*
- —
VGVT vs. BFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGVT Vanguard Government Securities Active ETF | 0.29% | 3.56% |
BFIX Build Bond Innovation ETF | 0.67% | 2.86% |
Correlation
The correlation between VGVT and BFIX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.33 |
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Return for Risk
VGVT vs. BFIX — Risk / Return Rank
VGVT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BFIX
VGVT vs. BFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Government Securities Active ETF (VGVT) and Build Bond Innovation ETF (BFIX). 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.
| VGVT | BFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.25 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.76 | — |
| Martin ratioReturn relative to average drawdown | — | 8.83 | — |
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Drawdowns
VGVT vs. BFIX - Drawdown Comparison
The maximum VGVT drawdown since its inception was -2.77%, smaller than the maximum BFIX drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for VGVT and BFIX.
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Drawdown Indicators
| VGVT | BFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.77% | -8.54% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.99% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -4.05% | — |
Current DrawdownCurrent decline from peak | -1.57% | -0.99% | -0.58% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -2.99% | +2.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.42% | — |
Volatility
VGVT vs. BFIX - Volatility Comparison
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Volatility by Period
| VGVT | BFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.72% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 2.86% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.24% | 4.76% | -1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 4.76% | -1.52% |
VGVT vs. BFIX - Expense Ratio Comparison
VGVT has a 0.10% expense ratio, which is lower than BFIX's 0.45% expense ratio.
Dividends
VGVT vs. BFIX - Dividend Comparison
VGVT's dividend yield for the trailing twelve months is around 3.98%, more than BFIX's 3.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BFIX Build Bond Innovation ETF | 3.55% | 3.73% | 4.38% | 4.30% | 1.58% |
VGVT Vanguard Government Securities Active ETF | 3.98% | 2.29% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VGVT and BFIX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VGVT is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VGVT is cheaper with a 0.10% expense ratio, compared with 0.45% for BFIX.
VGVT has the higher dividend yield at 3.98%, compared with 3.55% for BFIX.
They also come from different issuers: Vanguard and Build. Their fees differ too: 0.10% for VGVT and 0.45% for BFIX.
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