VGVT vs. IBTO
VGVT (Vanguard Government Securities Active ETF) and IBTO (iShares iBonds Dec 2033 Term Treasury ETF) are both Intermediate Core Bond funds. VGVT is actively managed, while IBTO is passively managed. Their correlation of 0.88 suggests significant overlap in exposure. VGVT charges 0.10%/yr vs 0.07%/yr for IBTO.
Performance
VGVT vs. IBTO - Performance Comparison
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Returns By Period
In the year-to-date period, VGVT achieves a 0.29% return, which is significantly higher than IBTO's -0.53% return.
VGVT
- 1D
- 0.22%
- 1M
- 0.58%
- YTD
- 0.29%
- 6M
- 0.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBTO
- 1D
- 0.10%
- 1M
- 0.47%
- YTD
- -0.53%
- 6M
- -0.45%
- 1Y
- 2.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VGVT vs. IBTO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VGVT Vanguard Government Securities Active ETF | 0.29% | 3.56% |
IBTO iShares iBonds Dec 2033 Term Treasury ETF | -0.53% | 3.81% |
Correlation
The correlation between VGVT and IBTO is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.88 |
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Return for Risk
VGVT vs. IBTO — Risk / Return Rank
VGVT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBTO
VGVT vs. IBTO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Government Securities Active ETF (VGVT) and iShares iBonds Dec 2033 Term Treasury ETF (IBTO). 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 | IBTO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.12 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.82 | — |
| Martin ratioReturn relative to average drawdown | — | 2.14 | — |
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Drawdowns
VGVT vs. IBTO - Drawdown Comparison
The maximum VGVT drawdown since its inception was -2.77%, smaller than the maximum IBTO drawdown of -8.36%. Use the drawdown chart below to compare losses from any high point for VGVT and IBTO.
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Drawdown Indicators
| VGVT | IBTO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.77% | -8.36% | +5.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.66% | — |
Current DrawdownCurrent decline from peak | -1.57% | -2.59% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -2.37% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.39% | — |
Volatility
VGVT vs. IBTO - Volatility Comparison
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Volatility by Period
| VGVT | IBTO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 4.39% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.24% | 6.59% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.24% | 6.59% | -3.35% |
VGVT vs. IBTO - Expense Ratio Comparison
VGVT has a 0.10% expense ratio, which is higher than IBTO's 0.07% 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%.
Dividends
VGVT vs. IBTO - Dividend Comparison
VGVT's dividend yield for the trailing twelve months is around 3.98%, less than IBTO's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBTO iShares iBonds Dec 2033 Term Treasury ETF | 4.15% | 4.05% | 4.23% | 1.66% |
VGVT Vanguard Government Securities Active ETF | 3.98% | 2.29% | 0.00% | 0.00% |
Frequently Asked Questions
VGVT and IBTO have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTO is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTO is cheaper with a 0.07% expense ratio, compared with 0.10% for VGVT.
IBTO has the higher dividend yield at 4.15%, compared with 3.98% for VGVT.
They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.10% for VGVT and 0.07% for IBTO.
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