VGIT vs XLF

Quick Verdict

VGIT has a lower expense ratio. XLF delivered stronger 1-year returns. VGIT offers more diversification with 84 holdings.

Lower Fees: VGITHigher Returns: XLFMore Diversified: VGIT

Side-by-Side Comparison

MetricVGITXLFWinner
Expense Ratio0.03%0.08%
AUM$42.1B$56.2B
Dividend Yield3.84%1.51%
Holdings10680
YTD Return-0.62%+5.77%
1Y Return+1.32%+13.87%
3Y Return (annualized)+3.60%+19.87%
5Y Return (annualized)-0.12%+10.61%
Volatility (annualized)4.3%21.4%
Max Drawdown-17.2%-83.8%
Fund FamilyVanguard (US)SPDR State Street Global Advisors
CategoryFixed IncomeEquity
InceptionNov 19, 2009Dec 16, 1998

VGIT vs XLF Performance

Vanguard Intermediate Term Treasury ETF (VGIT) is a ETF from Vanguard (US) and State Street Financial Select Sector SPDR ETF (XLF) is a ETF from SPDR State Street Global Advisors. Over the past year VGIT returned +1.32% while XLF returned +13.87%. Year to date, VGIT is down 0.62% versus a gain of 5.77% for XLF.

Over three years, VGIT compounded at +3.60% per year against +19.87% for XLF; over five years the annualized figures are -0.12% and +10.61% respectively. Across the full 17-year window we track, XLF has the edge at +3.69% annualized vs +0.75%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

XLF has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -83.8% for XLF. 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 -0.21. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

VGIT charges 0.03% per year while XLF charges 0.08%. On a $10,000 position that is $3 vs $8 annually, a gap of $5 per year that compounds over a long holding period. On income, VGIT currently yields 3.84% against 1.51% for XLF.

Holdings Overlap

0.0%overlap

VGIT and XLF share 0 holdings out of 161 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 XLF?

VGIT has an expense ratio of 0.03% while XLF charges 0.08%. VGIT is the cheaper option. On a $10,000 investment, that is $5 per year of difference.

Which performed better, VGIT or XLF?

Over the past year VGIT returned +1.32% vs +13.87% for XLF, so XLF leads on 1-year performance. Over the longest common window we track (17 years), VGIT annualized +0.75% vs +3.69% for XLF. Past performance does not guarantee future results.

Which is riskier, VGIT or XLF?

XLF has been the more volatile fund at 21.4% annualized versus 4.3% for VGIT. Worst drawdown: VGIT -17.2% vs XLF -83.8%.

Should I hold both VGIT and XLF?

VGIT and XLF have a monthly-return correlation of -0.21, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between VGIT and XLF?

VGIT and XLF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 161 unique securities.

Which pays a higher dividend, VGIT or XLF?

VGIT yields 3.84% while XLF yields 1.51%, so VGIT currently pays the higher dividend yield.

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