VIITX vs VT
Vanguard Institutional Intermediate Term Bond Fund Institutional Plus Class vs Vanguard Total World Stock ETF
Quick Verdict
VIITX has a lower expense ratio. VT delivered stronger 1-year returns. VT offers more diversification with 8927 holdings.
Side-by-Side Comparison
| Metric | VIITX | VT | Winner |
|---|---|---|---|
| Expense Ratio | 0.02% | 0.06% | |
| AUM | - | $77.6B | |
| Dividend Yield | 4.56% | 1.61% | |
| Holdings | 2,599 | 10,133 | |
| YTD Return | -1.89% | +13.96% | |
| 1Y Return | -1.35% | +24.60% | |
| 3Y Return (annualized) | +0.33% | +20.52% | |
| 5Y Return (annualized) | -2.29% | +11.09% | |
| Volatility (annualized) | 4.2% | 16.6% | |
| Max Drawdown | -15.0% | -50.6% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Dec 1, 1997 | Jun 24, 2008 |
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 a ETF from Vanguard (US). Over the past year VIITX returned -1.35% while VT returned +24.60%. Year to date, VIITX is down 1.89% versus a gain of 13.96% for VT.
Over three years, VIITX compounded at +0.33% per year against +20.52% for VT; over five years the annualized figures are -2.29% and +11.09% respectively. Across the full 5-year window we track, VT has the edge at +7.35% annualized vs -2.29%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VT has been the more volatile fund, with annualized monthly volatility of 16.6% 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 -15.0% for VIITX and -50.6% for VT. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
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 4.56% against 1.61% for VT.
Holdings Overlap
VIITX and VT share 1 holdings out of 10111 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in VIITX | Weight in VT | Difference |
|---|---|---|---|
| CAH | 0.08% | 0.04% | 0.04% |
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. On a $10,000 investment, that is $4 per year of difference.
Which performed better, VIITX or VT?
Over the past year VIITX returned -1.35% vs +24.60% for VT, so VT leads on 1-year performance. Over the longest common window we track (5 years), VIITX annualized -2.29% vs +7.35% for VT. Past performance does not guarantee future results.
Which is riskier, VIITX or VT?
VT has been the more volatile fund at 16.6% annualized versus 4.2% for VIITX. Worst drawdown: VIITX -15.0% vs VT -50.6%.
Should I hold both VIITX and VT?
VIITX and VT have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VIITX and VT?
VIITX and VT share 1 common holdings with a 0.0% weight overlap. Combined, they hold 10111 unique securities.
Which pays a higher dividend, VIITX or VT?
VIITX yields 4.56% while VT yields 1.61%, so VIITX currently pays the higher dividend yield.
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