VGLT — Vanguard Long-Term Treasury Index Fund ETF Shares

VGLT Price Performance — Growth of $10,000

Value of a $10,000 investment in VGLT 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.

VGLT Drawdown

The "underwater" chart: VGLT'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 Long-Term Treasury Index Fund ETF Shares is a government bond fund issued by Vanguard with $15.1 billion in assets under management. It holds a C grade and ranks 16th out of 22 peers in the US Bonds - Government category, placing it in the lower tier of its specific sector. The fund’s 0.03% expense ratio is significantly below the category median of 0.07%, offering a cost advantage to investors. Income generation is robust, with a 4.76% dividend yield that exceeds the category median of 3.84%. The portfolio is concentrated, with the top 10 holdings representing only 21.5% of assets, led by a 2.2% position in United States Treasury Note/Bond.

The fund’s price of $52.76 sits at the very bottom of its 52-week range, reflecting recent downward pressure. Short-term performance shows modest declines, with one-day and one-week returns near zero, while the one-month drop of 0.20% signals continued weakness. This contrasts with the three-year horizon, where the fund has delivered a positive 2.30% return, despite a negative one-year result of -2.17%. The rating has remained unchanged at grade C over the last 35 tracked days, indicating stability in its assessment. Historical data is limited to 3.0 years, which constrains the depth of long-term trend analysis.

With a beta of 2.25, the fund exhibits high sensitivity to market movements, amplifying volatility compared to the broader market. Annualized volatility of 8.37% is classified as Low, yet the negative Sharpe ratio of -0.86 suggests poor risk-adjusted returns during the measured period. A maximum drawdown of -13.38% highlights the potential for significant capital erosion during downturns. Liquidity is supported by an average daily volume of 1,966,566 shares, though a bid/ask spread of 3.11% indicates relatively high trading costs for investors.

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

VGLT Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 21.5% 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 VGLT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VGLT

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VGLT's top 10 — VCSH overlaps most, holding 1 of the same companies as VGLT's top 10 (21.5% of VGLT'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.

VGLT Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 3.11% and average daily volume is 2.0M/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 $15.1B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VGLT 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.

VGLT Performance History

How VGLT Compares to Other US Bonds - Government ETFs