VIITX vs VT
Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class vs Vanguard Total World Stock ETF
Which is better, VIITX or VT?
Intermediate Term Bond against Large Cap Blend.
VIITX has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | VIITX | VT |
|---|---|---|
| Expense Ratio | 0.02%Best | 0.06% |
| AUM | - | $97.9B |
| Dividend Yield | 4.60% | 1.55% |
| Holdings | 2,599 | 10,133 |
| YTD Price Return | -3.46% | +11.58% |
| 1Y Price Return | -3.69% | +15.09% |
| 3Y Price Return (annualized) | +0.19% | +18.11% |
| 5Y Price Return (annualized) | -2.61% | +9.06% |
| Volatility (annualized) | 4.2%Best | 15.1% |
| Max Drawdown | -14.9%Best | -28.0% |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Intermediate Term Bond | Large Cap Blend |
| Inception | Dec 1, 1997 | Jun 24, 2008 |
Not shown on this pair: $10,000 over 5 years, Top 10 Weight.
A price return is not the return of a fund that pays its income out. The coupon or distribution never appears in the price, so the return rows carry no winner here. VIITX currently yields 4.60% and VT 1.55%.
Volatility and max drawdown are measured over the window both funds cover: Sep 20, 2021 to Sep 18, 2026 (5 years).
VIITX vs VT Performance
Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class (VIITX) is a mutual fund from Vanguard (US) and Vanguard Total World Stock ETF (VT) is an ETF from Vanguard (US). Over the past year VIITX's price moved -3.69% and VT's +15.09%, before the income each one paid out.
Over three years, VIITX compounded at +0.19% per year against +18.11% for VT; over five years the annualized figures are -2.61% and +9.06% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VT has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 4.2% for VIITX. 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 -14.9% for VIITX and -28.0% for VT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.66. They move together some of the time, and apart the rest.
Fees and Cost Over Time
VIITX charges 0.02% per year while VT charges 0.06%. On a $10,000 position that is $2 vs $6 annually, a gap of $4 per year that compounds over a long holding period. On income, VIITX currently yields 4.60% against 1.55% for VT.
Structure and taxes
VIITX is a mutual fund and VT is an ETF. A mutual fund prices once a day at net asset value and may carry a purchase minimum. An ETF trades through the day at whatever the market pays for it.
In a taxable account the difference that usually matters is distributions. An ETF can meet redemptions in kind, so it rarely has to sell holdings and rarely passes a capital gain to the people who held it; a mutual fund that sells holdings to meet redemptions can distribute a realised gain at year end to everyone still in the fund, whether or not they sold anything themselves. In a tax-deferred account that difference largely disappears. Both are descriptions of how the two wrappers work, not a recommendation.
Tax-loss harvesting works on either wrapper.
Holdings Overlap
We hold position weights for 1,285 holdings in VIITX and 9,272 in VT, totalling 52.5% and 90.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 2 positions appear in both.
The two holdings books were reported 92 days apart, VIITX as of Apr 30, 2026 and VT as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 1,285 positions we hold weights for in VIITX and 9,272 in VT, against full books of 2,599 and 10,133.
You are not choosing between two funds in isolation.
Whichever of VIITX and VT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VIITX or VT?
VIITX has an expense ratio of 0.02% while VT charges 0.06%. VIITX is the cheaper option, by $4 a year on a $10,000 investment.
Which is riskier, VIITX or VT?
VT has been the more volatile fund at 15.1% annualized versus 4.2% for VIITX. Worst drawdown: VIITX -14.9% vs VT -28.0%.
Should I hold both VIITX and VT?
VIITX and VT have a monthly-return correlation of 0.66, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, VIITX or VT?
VIITX yields 4.60% while VT yields 1.55%, so VIITX currently pays the higher dividend yield.
Is it better to hold VIITX or VT in a taxable account?
VT is an ETF and VIITX is a mutual fund. An ETF can meet redemptions in kind, so it rarely distributes a capital gain to the people holding it. A mutual fund that sells holdings to meet redemptions can pass a realised gain to every holder at year end. In a tax-deferred account that difference largely disappears. This is information, not a recommendation.
Is VT better than VIITX?
VIITX has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.