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

The Vanguard Intermediate-Term Treasury Index Fund ETF Shares, trading under the ticker VGIT, operates within the US Bonds - Government category managed by Vanguard. This fund holds an AUM of $50.4 billion and is priced at $58.23 per share. It carries an overall rank of #293 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 56.9 out of 100. The fund offers a low expense ratio of 0.03% while providing a dividend yield of 3.85%. With 22 other ETFs tracked in its specific category, VGIT represents a significant portion of assets in the intermediate-term treasury space. The substantial asset base and low cost structure suggest broad investor adoption relative to the category size.

Recent price action shows a decline of 0.19% over one day and a 0.72% drop over the past week. The one-month return stands at -0.59%, while the three-month period reflects a -1.29% loss. Year-to-date performance is negative at -0.94%, and the six-month return is -0.71%. Despite these shorter-term declines, the fund posted a positive one-year return of +1.71%. Over a longer three-year horizon, the fund has accumulated a total return of +11.08%. This pattern indicates a divergence where recent short-term periods have been negative while the longer-term trajectory remains positive.

VGIT is assigned a Very Low volatility label and has a beta of 0.78, indicating lower sensitivity to market movements compared to the broader benchmark. The fund experienced a maximum drawdown of -4.34% during the measured period. However, the Sharpe ratio is recorded at -0.98, suggesting that the risk-adjusted returns have been negative relative to the risk-free rate. This combination of low volatility and a negative Sharpe ratio implies that while the fund limits downside magnitude, it has struggled to generate sufficient excess returns to compensate for the risk taken. The data points to a defensive profile that has faced headwinds in generating positive risk-adjusted performance recently.

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

VGIT Top Holdings

Holdings as of 2026-02-28 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 18.9% 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 (18.9% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — 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 3.0M/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 $50.4B 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