VIIGX vs. IEF
Compare and contrast key facts about Vanguard Intermediate-Term Treasury Index Fund Institutional Shares (VIIGX) and iShares 7-10 Year Treasury Bond ETF (IEF).
VIIGX is managed by Vanguard. It was launched on Mar 19, 2010. IEF is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 7-10 Year Treasury Bond Index. It was launched on Jul 26, 2002.
Performance
VIIGX vs. IEF - Performance Comparison
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VIIGX vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIIGX Vanguard Intermediate-Term Treasury Index Fund Institutional Shares | -0.07% | 7.38% | 1.62% | 4.39% | -10.65% | -2.38% | 7.65% | 6.32% | 1.36% | 1.60% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.22% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Returns By Period
In the year-to-date period, VIIGX achieves a -0.07% return, which is significantly higher than IEF's -0.22% return. Over the past 10 years, VIIGX has outperformed IEF with an annualized return of 1.37%, while IEF has yielded a comparatively lower 0.78% annualized return.
VIIGX
- 1D
- 0.12%
- 1M
- -1.23%
- YTD
- -0.07%
- 6M
- 0.72%
- 1Y
- 3.85%
- 3Y*
- 3.39%
- 5Y*
- 0.37%
- 10Y*
- 1.37%
IEF
- 1D
- -0.09%
- 1M
- -1.82%
- YTD
- -0.22%
- 6M
- 0.37%
- 1Y
- 3.49%
- 3Y*
- 2.22%
- 5Y*
- -0.78%
- 10Y*
- 0.78%
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VIIGX vs. IEF - Expense Ratio Comparison
VIIGX has a 0.05% expense ratio, which is lower than IEF's 0.15% 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%.
Return for Risk
VIIGX vs. IEF — Risk / Return Rank
VIIGX
IEF
VIIGX vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury Index Fund Institutional Shares (VIIGX) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.
| VIIGX | IEF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.66 | +0.41 |
Sortino ratioReturn per unit of downside risk | 1.60 | 0.97 | +0.62 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.11 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.20 | +0.59 |
Martin ratioReturn relative to average drawdown | 5.55 | 2.98 | +2.56 |
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
| VIIGX | IEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.66 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | -0.10 | +0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.12 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.51 | 0.00 |
Correlation
The correlation between VIIGX and IEF is 0.98, 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.
Dividends
VIIGX vs. IEF - Dividend Comparison
VIIGX's dividend yield for the trailing twelve months is around 3.48%, less than IEF's 3.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIIGX Vanguard Intermediate-Term Treasury Index Fund Institutional Shares | 3.48% | 3.78% | 3.97% | 2.71% | 1.73% | 1.91% | 2.23% | 2.23% | 2.07% | 1.68% | 1.64% | 1.72% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.85% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Drawdowns
VIIGX vs. IEF - Drawdown Comparison
The maximum VIIGX drawdown since its inception was -15.96%, smaller than the maximum IEF drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for VIIGX and IEF.
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Drawdown Indicators
| VIIGX | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -23.93% | +7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -2.39% | -3.22% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | -15.09% | -21.40% | +6.31% |
Max Drawdown (10Y)Largest decline over 10 years | -15.96% | -23.93% | +7.97% |
Current DrawdownCurrent decline from peak | -1.68% | -10.96% | +9.28% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -5.30% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.29% | -0.52% |
Volatility
VIIGX vs. IEF - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Treasury Index Fund Institutional Shares (VIIGX) is 1.37%, while iShares 7-10 Year Treasury Bond ETF (IEF) has a volatility of 1.91%. This indicates that VIIGX experiences smaller price fluctuations and is considered to be less risky than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIIGX | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 1.91% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 2.29% | 3.22% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 5.35% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.32% | 7.70% | -2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.45% | 6.63% | -2.18% |