VIIGX vs. IEI
Compare and contrast key facts about Vanguard Intermediate-Term Treasury Index Fund Institutional Shares (VIIGX) and iShares 3-7 Year Treasury Bond ETF (IEI).
VIIGX is managed by Vanguard. It was launched on Mar 19, 2010. IEI is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 3-7 Year Treasury Bond Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VIIGX or IEI.
Key characteristics
| VIIGX | IEI | |
|---|---|---|
| YTD Return | 1.71% | 1.96% |
| 1Y Return | 6.51% | 6.19% |
| 3Y Return (Ann) | -2.13% | -1.45% |
| 5Y Return (Ann) | -0.25% | 0.18% |
| 10Y Return (Ann) | 1.06% | 1.19% |
| Sharpe Ratio | 1.14 | 1.24 |
| Sortino Ratio | 1.70 | 1.85 |
| Omega Ratio | 1.21 | 1.23 |
| Calmar Ratio | 0.39 | 0.47 |
| Martin Ratio | 3.68 | 4.12 |
| Ulcer Index | 1.58% | 1.36% |
| Daily Std Dev | 5.08% | 4.53% |
| Max Drawdown | -17.19% | -14.60% |
| Current Drawdown | -9.50% | -6.56% |
Correlation
The correlation between VIIGX and IEI 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.
Performance
VIIGX vs. IEI - Performance Comparison
In the year-to-date period, VIIGX achieves a 1.71% return, which is significantly lower than IEI's 1.96% return. Over the past 10 years, VIIGX has underperformed IEI with an annualized return of 1.06%, while IEI has yielded a comparatively higher 1.19% 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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VIIGX vs. IEI - Expense Ratio Comparison
VIIGX has a 0.05% expense ratio, which is lower than IEI'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%.
Risk-Adjusted Performance
VIIGX vs. IEI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury Index Fund Institutional Shares (VIIGX) and iShares 3-7 Year Treasury Bond ETF (IEI). 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
VIIGX vs. IEI - Dividend Comparison
VIIGX's dividend yield for the trailing twelve months is around 3.55%, more than IEI's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VIIGX Vanguard Intermediate-Term Treasury Index Fund Institutional Shares | 3.55% | 2.72% | 1.74% | 1.13% | 1.53% | 2.23% | 2.07% | 1.68% | 1.58% | 1.68% | 1.59% | 1.38% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.09% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% | 1.23% | 0.77% |
Drawdowns
VIIGX vs. IEI - Drawdown Comparison
The maximum VIIGX drawdown since its inception was -17.19%, which is greater than IEI's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for VIIGX and IEI. For additional features, visit the drawdowns tool.
Volatility
VIIGX vs. IEI - Volatility Comparison
Vanguard Intermediate-Term Treasury Index Fund Institutional Shares (VIIGX) has a higher volatility of 1.30% compared to iShares 3-7 Year Treasury Bond ETF (IEI) at 1.08%. This indicates that VIIGX's price experiences larger fluctuations and is considered to be riskier than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.