VGIT vs SPY

Comparison between VANGUARD INTERMEDIATE-TERM TREASURY INDEX FUND ETF SHARES (VGIT, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed VGIT, delivering a return of +13.3% compared to +0.2%

VGIT vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VGIT(ETF)	SPY(ETF)
Net Assets	$49B	$652B
Expense Ratio	0.03%	0.09%
Max Drawdown	20.75%	56.47%
Sharpe Ratio	-0.01	2.07
5Y Beta	-0.02	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	11.74%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

VGIT

$49B

Winner

SPY

$652B

Expense Ratio

Winner

VGIT

0.03%

SPY

0.09%

Max Drawdown

Winner

VGIT

20.75%

SPY

56.47%

Sharpe Ratio

VGIT

-0.01

Winner

SPY

2.07

5Y Beta

Winner

VGIT

-0.02

SPY

1.00

P/E Ratio

VGIT

N/A

SPY

28.24

Forward P/E

VGIT

N/A

SPY

21.85

5Y Dividends CAGR

Winner

VGIT

11.74%

SPY

5.43%

5Y EPS CAGR

VGIT

N/A

SPY

25.79%

Debt to Equity

VGIT

N/A

SPY

22.35%

P/S Ratio

VGIT

N/A

SPY

3.55

P/B Ratio

VGIT

N/A

SPY

5.29

VGIT vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	VGIT	SPY
1 month	-0.11%	+9.11%
3 months	-0.22%	+6.59%
6 months	+0.45%	+10.56%
1 year	+4.19%	+32.04%
5 years(CAGR)	+0.19%	+13.35%
10 years(CAGR)	+1.28%	+15.49%
Max(CAGR)	+2.21%	+8.50%

VGIT

-0.11%

Winner

SPY

+9.11%

VGIT

-0.22%

Winner

SPY

+6.59%

VGIT

+0.45%

Winner

SPY

+10.56%

VGIT

+4.19%

Winner

SPY

+32.04%

5Y(CAGR)

VGIT

+0.19%

Winner

SPY

+13.35%

10Y(CAGR)

VGIT

+1.28%

Winner

SPY

+15.49%

Max(CAGR)

VGIT

+2.21%

Winner

SPY

+8.50%

VGIT vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	VGIT	SPY
2026	+0.13%	+8.27%
2025	+7.32%	+18.00%
2024	+1.71%	+25.59%
2023	+3.87%	+26.72%
2022	-10.07%	-18.64%
2021	-2.68%	+30.52%
2020	+7.48%	+17.28%
2019	+6.16%	+31.09%
2018	+1.56%	-5.24%
2017	+1.63%	+20.78%
2016	+0.79%	+13.59%
2015	+1.33%	+1.31%
2014	+4.30%	+14.56%
2013	-2.84%	+29.00%
2012	+2.77%	+14.17%
2011	+10.10%	+0.85%
2010	+7.14%	+13.14%
2009	-1.97%	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

VGIT vs SPY Drawdown Comparison

The maximum drawdown for VGIT was -16.05%, occurring on Oct 20, 2022. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current VGIT drawdown is -1.85%.

Rank	VGIT	SPY
#1	-16.05% Aug 4, 2020 - Oct 20, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-5.49% Nov 4, 2010 - Jun 16, 2011	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-5.38% Jul 5, 2016 - Mar 22, 2019	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-5.09% May 1, 2013 - Oct 13, 2014	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-2.92% Nov 27, 2009 - May 4, 2010	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-2.70% Jan 30, 2015 - Sep 29, 2015	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-2.50% Jan 31, 2012 - May 4, 2012	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-2.47% Sep 22, 2011 - Dec 16, 2011	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-2.31% Mar 9, 2020 - Mar 23, 2020	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-2.24% Oct 14, 2015 - Jan 28, 2016	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-2.23% Sep 4, 2019 - Jan 27, 2020	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.86% Jun 24, 2011 - Jul 29, 2011	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.80% Feb 11, 2016 - Apr 7, 2016	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-1.58% May 6, 2010 - May 20, 2010	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-1.58% Jul 25, 2012 - Dec 5, 2012	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between VGIT and SPY is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (1999 - 2026)

VGIT vs SPY dividend yield comparison.

Year	VGIT	SPY
2026	1.26%	0.24%
2025	3.79%	1.07%
2024	3.67%	1.21%
2023	2.73%	1.40%
2022	1.74%	1.65%
2021	1.69%	1.20%
2020	2.23%	1.52%
2019	2.24%	1.75%
2018	2.05%	2.04%
2017	1.67%	1.80%
2016	1.69%	2.03%
2015	1.69%	2.06%
2014	1.54%	1.87%
2013	1.38%	1.81%
2012	2.57%	2.18%
2011	2.12%	2.05%
2010	3.03%	1.80%
2009	0.27%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%