VIIGX vs. MSFT
VIIGX (Vanguard Intermediate-Term Treasury Index Fund Institutional Shares) is Government Bonds fund managed by Vanguard, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, VIIGX returned 1.23%/yr vs 23.73%/yr for MSFT. At a correlation of -0.14, they often move in opposite directions.
Performance
VIIGX vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, VIIGX achieves a -0.23% return, which is significantly higher than MSFT's -16.69% return. Over the past 10 years, VIIGX has underperformed MSFT with an annualized return of 1.23%, while MSFT has yielded a comparatively higher 23.73% annualized return.
VIIGX
- 1D
- 0.20%
- 1M
- -0.21%
- 6M
- -0.23%
- YTD
- -0.23%
- 1Y
- 3.08%
- 3Y*
- 3.73%
- 5Y*
- 0.02%
- 10Y*
- 1.23%
MSFT
- 1D
- 1.38%
- 1M
- 1.85%
- 6M
- -11.78%
- YTD
- -16.69%
- 1Y
- -20.04%
- 3Y*
- 5.90%
- 5Y*
- 8.28%
- 10Y*
- 23.73%
VIIGX vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VIIGX Vanguard Intermediate-Term Treasury Index Fund Institutional Shares | -0.23% | 7.38% | 1.62% | 4.39% | -10.65% | -2.38% | 7.65% | 6.32% | 1.36% | 1.60% |
MSFT Microsoft Corporation | -16.69% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between VIIGX and MSFT is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | -0.14 |
The correlation between VIIGX and MSFT shifts across timeframes, from -0.14 (all time) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VIIGX vs. MSFT — Risk / Return Rank
VIIGX
MSFT
VIIGX vs. MSFT - 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 Microsoft Corporation (MSFT). 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.
| VIIGX | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.73 | ||
| Sortino ratioReturn per unit of downside risk | +2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.89 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | -0.58 | +1.76 |
| Martin ratioReturn relative to average drawdown | 2.98 | -1.08 | +4.06 |
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Drawdowns
VIIGX vs. MSFT - Drawdown Comparison
The maximum VIIGX drawdown since its inception was -15.96%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for VIIGX and MSFT.
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Drawdown Indicators
| VIIGX | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -69.38% | +53.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -34.50% | +31.67% |
Max Drawdown (3Y)Largest decline over 3 years | -4.23% | -34.50% | +30.27% |
Max Drawdown (5Y)Largest decline over 5 years | -15.09% | -37.15% | +22.06% |
Max Drawdown (10Y)Largest decline over 10 years | -15.96% | -37.15% | +21.19% |
Current DrawdownCurrent decline from peak | -1.84% | -25.54% | +23.70% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -21.80% | +18.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 18.60% | -17.48% |
Volatility
VIIGX vs. MSFT - Volatility Comparison
The current volatility for Vanguard Intermediate-Term Treasury Index Fund Institutional Shares (VIIGX) is 1.11%, while Microsoft Corporation (MSFT) has a volatility of 10.80%. This indicates that VIIGX experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VIIGX | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.11% | 10.80% | -9.69% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 24.46% | -21.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.39% | 27.35% | -23.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.35% | 27.05% | -21.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.44% | 27.18% | -22.74% |
Dividends
VIIGX vs. MSFT - Dividend Comparison
VIIGX's dividend yield for the trailing twelve months is around 3.87%, more than MSFT's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.89% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
VIIGX Vanguard Intermediate-Term Treasury Index Fund Institutional Shares | 3.87% | 3.78% | 3.97% | 2.71% | 1.73% | 1.91% | 2.23% | 2.23% | 2.07% | 1.68% | 1.64% | 1.72% |
Frequently Asked Questions
VIIGX and MSFT have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.80%) compared to VIIGX (1.11%). In terms of maximum drawdown, VIIGX dropped -15.96% vs MSFT's -69.38%.
VIIGX currently has the higher Sharpe Ratio (0.99 vs -0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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