A side-by-side comparison of Vanguard Intermediate-Term Treasury Index Fund ETF Shares (VGIT) and iShares 3-7 Year Treasury Bond ETF (IEI) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | VGIT | IEI |
|---|---|---|
| YTD Return | -2.50% | +23.70%✓ |
| 1-Day Change | -0.04%✓ | -95.81% |
| 1-Week Change | -0.12%✓ | -95.81% |
| 1-Month Change | -2.13%✓ | -95.89% |
| Current Price | $56.64 | $4.75 |
| AUM | $39.68B✓ | $17.16B |
| MER (Expense Ratio) | 0.04%✓ | 0.15% |
| Dividend Yield | 3.90%✓ | 3.71% |
| Distribution Frequency | NA | NA |
| Inception Date | 2009-11-19 | 2007-01-05 |
| Holdings Count | 1 | 8 |
| MorningStar Rating | ★★★★ | ★★★★ |
| Category | Intermediate Government | Intermediate Government |
| Beta | 0.78 | 0.67 |
| 52-Week High | $59.40 | $117.82 |
| 52-Week Low | $56.58 | $112.88 |
| 50-Day MA | $57.97 | $115.72 |
| 200-Day MA | $59.09 | $117.77 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | VGIT | IEI |
|---|---|---|
| YTD | -2.50% | +23.70%✓ |
| 1 Year | -1.35% | -1.04%✓ |
| 3 Year | +3.64% | +3.64% |
| 5 Year | -0.39% | -0.09%✓ |
| 10 Year | +0.93% | +1.02%✓ |
| 1Y Volatility | 2.84% | 2.46% |
| Sharpe Ratio (3Y) | -0.18 | -0.20 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | WIT | Wipro Limited ADR | 0.41% |
| 1 | United States Treasury Notes 0.25% | 7.90% | |
| 2 | United States Treasury Notes 2% | 5.79% | |
| 3 | United States Treasury Notes 2.88% | 5.10% | |
| 4 | United States Treasury Notes 2.38% | 4.74% | |
| 5 | United States Treasury Notes 2.13% | 3.80% | |
| 6 | United States Treasury Notes 1.63% | 3.36% | |
| 7 | United States Treasury Notes | 3.18% | |
| 8 | United States Treasury Notes 2.25% | 3.15% |
Sector Weights
| Sector | VGIT | IEI |
|---|---|---|
| Basic Materials | 0.00% | 0.00% |
| Communication Services | 0.00% | 0.00% |
| Consumer Cyclicals | 0.00% | 0.00% |
| Consumer Defensive | 0.00% | 0.00% |
| Energy | 0.00% | 0.00% |
| Financial Services | 0.00% | 0.00% |
| Healthcare | 0.00% | 0.00% |
| Industrials | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% |
| Technology | 0.00% | 0.00% |
| Utilities | 0.00% | 0.00% |
About VGIT
Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the bonds that make up the Bloomberg U.S. Treasury 3-10 Year Index. The fund invests by sampling the Target Index, meaning that it holds a range of securities that, in the aggregate, approximates the full Target Index in terms of key risk factors and other characteristics.
About IEI
The underlying index consists of publicly-issued U.S. Treasury securities that have a remaining maturity of greater than or equal to three years and less than seven years and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve System. The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in U.S. Treasury securities that BFA believes will help the fund …
Which ETF is Right for You?
Both VGIT and IEI are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, VGIT scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between VGIT and IEI?
VGIT (Vanguard Intermediate-Term Treasury Index Fund ETF Shares) and IEI (iShares 3-7 Year Treasury Bond ETF) are both Canadian-listed ETFs. Key differences include their AUM ($39.68B vs $17.16B), dividend yield (3.90% vs 3.71%), and year-to-date performance (-2.50% vs +23.70%).
Is VGIT better than IEI?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy VGIT and IEI on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both VGIT and IEI should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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