VGIT — Vanguard Intermediate-Term Treasury Index Fund ETF Shares

VGIT Price Performance — Growth of $10,000

Value of a $10,000 investment in VGIT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VGIT Drawdown

The "underwater" chart: VGIT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

Vanguard issues the VGIT ETF, an intermediate-term government bond fund with $48.4 billion in assets under management. It holds a C grade and ranks 5 of 22 within the US Bonds - Government category, placing it in the top quarter of its peers. The fund’s 0.03% expense ratio is significantly lower than the category median of 0.07%, offering a cost advantage. With a dividend yield of 3.90%, it provides slightly higher income than the 3.84% median for similar funds. The top ten holdings represent 18.8% of assets, with the largest single position being a United States Treasury Note/Bond at 1.9%.

The fund’s price of $57.88 sits at the very bottom of its 52-week range, indicating recent downward pressure. Short-term returns have been negative across the last day, week, and month, contrasting with a strong 11.98% gain over the past three years. This divergence highlights a recent slowdown in performance compared to its longer-term historical trajectory. The one-year return of -0.15% trails the category median of -0.09%, suggesting underperformance over the last twelve months. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, reflecting a stable but mediocre rating. Price history is available for only 3.0 years, limiting the depth of long-term historical analysis.

VGIT exhibits a volatility of 3.21%, which is classified as Very Low, indicating a relatively smooth price experience. Its beta of 0.78 suggests the fund moves less than the broader market, providing a degree of stability. However, a Sharpe ratio of -1.60 implies that the risk-adjusted returns have been negative over the measured period. The maximum drawdown of -4.34% shows the largest peak-to-trough decline has been modest. Liquidity is robust, with an average daily volume of over 4.1 million shares and a tight bid-ask spread of 0.03%.

AI-generated summary based on the data on this page.

VGIT Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 18.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VGIT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VGIT

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VGIT's top 10 — VCSH overlaps most, holding 1 of the same companies as VGIT's top 10 (18.8% of VGIT's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.78% (as of 2026-09-04) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.30 (as of 2026-09-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VGIT Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.03% and average daily volume is 4.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $48.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VGIT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VGIT Performance History

How VGIT Compares to Other US Bonds - Government ETFs