VGIT vs VOE
Vanguard Intermediate Term Treasury ETF vs Vanguard Morningstar Mid-Cap Value ETF
Quick Verdict
VGIT has a lower expense ratio. VOE delivered stronger 1-year returns. VGIT offers more diversification with 209 holdings.
Side-by-Side Comparison
| Metric | VGIT | VOE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.05% | |
| AUM | $42.4B | $23.9B | |
| Dividend Yield | 3.88% | 1.81% | |
| Holdings | 209 | 176 | |
| YTD Return | -0.22% | +17.54% | |
| 1Y Return | +1.22% | +22.67% | |
| 3Y Return (annualized) | +4.11% | +17.60% | |
| 5Y Return (annualized) | -0.07% | +9.79% | |
| Volatility (annualized) | 4.3% | 17.6% | |
| Max Drawdown | -17.2% | -63.4% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 19, 2009 | Aug 17, 2006 |
VGIT vs VOE Performance
Vanguard Intermediate Term Treasury ETF (VGIT) is a ETF from Vanguard (US) and Vanguard Morningstar Mid-Cap Value ETF (VOE) is a ETF from Vanguard (US). Over the past year VGIT returned +1.22% while VOE returned +22.67%. Year to date, VGIT is down 0.22% versus a gain of 17.54% for VOE.
Over three years, VGIT compounded at +4.11% per year against +17.60% for VOE; over five years the annualized figures are -0.07% and +9.79% respectively. Across the full 17-year window we track, VOE has the edge at +7.95% annualized vs +0.78%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOE has been the more volatile fund, with annualized monthly volatility of 17.6% compared with 4.3% for VGIT. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -17.2% for VGIT and -63.4% for VOE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VGIT charges 0.03% per year while VOE charges 0.05%. On a $10,000 position that is $3 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, VGIT currently yields 3.88% against 1.81% for VOE.
Holdings Overlap
VGIT and VOE share 0 holdings out of 253 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, VGIT or VOE?
VGIT has an expense ratio of 0.03% while VOE charges 0.05%. VGIT is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, VGIT or VOE?
Over the past year VGIT returned +1.22% vs +22.67% for VOE, so VOE leads on 1-year performance. Over the longest common window we track (17 years), VGIT annualized +0.78% vs +7.95% for VOE. Past performance does not guarantee future results.
Which is riskier, VGIT or VOE?
VOE has been the more volatile fund at 17.6% annualized versus 4.3% for VGIT. Worst drawdown: VGIT -17.2% vs VOE -63.4%.
Should I hold both VGIT and VOE?
VGIT and VOE have a monthly-return correlation of -0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VGIT and VOE?
VGIT and VOE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 253 unique securities.
Which pays a higher dividend, VGIT or VOE?
VGIT yields 3.88% while VOE yields 1.81%, so VGIT currently pays the higher dividend yield.
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