VUSUX vs. VGIVX
VUSUX (Vanguard Long-Term Treasury Fund Admiral Shares) and VGIVX (Vanguard Emerging Markets Government Bond Index Fund Institutional Shares) are both Government Bonds funds from Vanguard. Over the past 10 years, VUSUX returned -1.70%/yr vs 3.13%/yr for VGIVX. Their 0.39 correlation means their historical movements had little consistent relationship. VUSUX charges 0.10%/yr vs 0.18%/yr for VGIVX.
Performance
VUSUX vs. VGIVX - Performance Comparison
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Returns By Period
In the year-to-date period, VUSUX achieves a -3.34% return, which is significantly lower than VGIVX's 0.90% return. Over the past 10 years, VUSUX has underperformed VGIVX with an annualized return of -1.70%, while VGIVX has yielded a comparatively higher 3.13% annualized return.
VUSUX
- 1D
- 0.40%
- 1M
- -3.33%
- 6M
- -2.97%
- YTD
- -3.34%
- 1Y
- -1.80%
- 3Y*
- -0.01%
- 5Y*
- -7.22%
- 10Y*
- -1.70%
- ALL TIME*
- 3.62%
VGIVX
- 1D
- 0.42%
- 1M
- -1.10%
- 6M
- 0.65%
- YTD
- 0.90%
- 1Y
- 6.44%
- 3Y*
- 8.75%
- 5Y*
- 1.87%
- 10Y*
- 3.13%
- ALL TIME*
- 3.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VUSUX vs. VGIVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VUSUX Vanguard Long-Term Treasury Fund Admiral Shares | -3.34% | 5.66% | -6.30% | 3.43% | -29.51% | -4.71% | 18.10% | 14.26% | -1.80% | 8.72% |
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | 0.90% | 13.05% | 6.31% | 10.48% | -16.72% | -2.41% | 5.83% | 14.03% | -2.72% | 8.47% |
Correlation
The correlation between VUSUX and VGIVX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014 | 0.39 |
Over the past year, VUSUX and VGIVX have become more correlated (0.65) than their long-term average of 0.39, meaning their price movements have been converging.
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Return for Risk
VUSUX vs. VGIVX — Risk / Return Rank
VUSUX
VGIVX
VUSUX vs. VGIVX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Treasury Fund Admiral Shares (VUSUX) and Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX). 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.
| VUSUX | VGIVX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.31 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 1.75 | -1.96 |
| Martin ratioReturn relative to average drawdown | -0.47 | 6.59 | -7.06 |
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Drawdowns
VUSUX vs. VGIVX - Drawdown Comparison
The maximum VUSUX drawdown since its inception was -46.12%, which is greater than VGIVX's maximum drawdown of -26.79%. Use the drawdown chart below to compare losses from any high point for VUSUX and VGIVX.
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Drawdown Indicators
| VUSUX | VGIVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.12% | -26.79% | -19.33% |
Max Drawdown (1Y)Largest decline over 1 year | -7.42% | -3.93% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -13.56% | -6.17% | -7.39% |
Max Drawdown (5Y)Largest decline over 5 years | -41.34% | -26.79% | -14.55% |
Max Drawdown (10Y)Largest decline over 10 years | -46.12% | -26.79% | -19.33% |
Current DrawdownCurrent decline from peak | -38.12% | -1.44% | -36.68% |
Average DrawdownAverage peak-to-trough decline | -11.70% | -4.64% | -7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.29% | 1.04% | +2.25% |
Volatility
VUSUX vs. VGIVX - Volatility Comparison
Vanguard Long-Term Treasury Fund Admiral Shares (VUSUX) has a higher volatility of 2.32% compared to Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) at 1.10%. This indicates that VUSUX's price experiences larger fluctuations and is considered to be riskier than VGIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUSUX | VGIVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 1.10% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 6.42% | 3.54% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.45% | 4.20% | +4.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.50% | 6.32% | +8.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.69% | 6.36% | +7.33% |
VUSUX vs. VGIVX - Expense Ratio Comparison
VUSUX has a 0.10% expense ratio, which is lower than VGIVX's 0.18% 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%.
Dividends
VUSUX vs. VGIVX - Dividend Comparison
VUSUX's dividend yield for the trailing twelve months is around 4.35%, less than VGIVX's 5.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VGIVX Vanguard Emerging Markets Government Bond Index Fund Institutional Shares | 5.93% | 5.95% | 6.58% | 5.53% | 5.32% | 3.53% | 4.21% | 4.62% | 4.62% | 4.67% | 4.76% | 4.55% |
VUSUX Vanguard Long-Term Treasury Fund Admiral Shares | 4.35% | 4.39% | 4.15% | 3.43% | 3.05% | 4.46% | 10.28% | 2.92% | 2.91% | 2.74% | 5.38% | 5.62% |
Frequently Asked Questions
VUSUX and VGIVX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VUSUX has higher volatility (2.32%) compared to VGIVX (1.10%). In terms of maximum drawdown, VUSUX dropped -46.12% vs VGIVX's -26.79%.
VGIVX currently has the higher Sharpe Ratio (1.64 vs -0.18), 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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