Vanguard Long-Term Treasury ETF (VGLT)


Market Price (8/22/2026): $52.72

Vanguard Long-Term Treasury ETF (VGLT)


Market Price (8/22/2026): $52.72

Key Takeaways

  • VGLT has returned -2.9% YTD vs +12.6% for SPY, -0.6% for AGG; +0.1% over the past 12 months (SPY +21.5%, AGG +2.1%). details →
  • Priced in gold, VGLT has returned -58.0% over the past 3 years, vs +3.2% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, VGLT has seen net inflows of +$136M (+1.3% of assets). details →
  • VGLT yields 4.78% based on its trailing 12-month distributions.
  • Risk-adjusted returns trail AGG: 3-year Sharpe ratio of -0.4 vs -0.1. details →
Last updated: 8/21/2026.

Price Chart

Asset Allocation with VGLT

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.1%
Volatility
11.4%
Sharpe
0.74
YTD
+8.6%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for VGLT

Total Weights
Top 5: 10.9% | Top 10: 21.3% | Top 20: 37.0%

HoldingETF Weight
912810UU0United States Treasury Note/Bond 5.00% 05/15/20562.22%
912810UK2United States Treasury Note/Bond 4.75% 05/15/20552.20%
912810UM8United States Treasury Note/Bond 4.75% 08/15/20552.20%
912810UG1United States Treasury Note/Bond 4.63% 02/15/20552.15%
912810UP1United States Treasury Note/Bond 4.63% 11/15/20552.14%
912810UR7United States Treasury Note/Bond 4.75% 02/15/20562.13%
912810TV0United States Treasury Note/Bond 4.75% 11/15/20532.12%
912810UA4United States Treasury Note/Bond 4.63% 05/15/20542.08%
912810UE6United States Treasury Note/Bond 4.50% 11/15/20542.04%
912810TX6United States Treasury Note/Bond 4.25% 02/15/20542.03%
912810UC0United States Treasury Note/Bond 4.25% 08/15/20542.00%
912810TT5United States Treasury Note/Bond 4.13% 08/15/20531.83%
912810TL2United States Treasury Note/Bond 4.00% 11/15/20521.62%
912810TA6United States Treasury Note/Bond 1.75% 08/15/20411.55%
912810TN8United States Treasury Note/Bond 3.63% 02/15/20531.50%
912810TR9United States Treasury Note/Bond 3.63% 05/15/20531.50%
912810TC2United States Treasury Note/Bond 2.00% 11/15/20411.44%
912810SX7United States Treasury Note/Bond 2.38% 05/15/20511.44%
912810UL0United States Treasury Note/Bond 5.00% 05/15/20451.42%
912810UN6United States Treasury Note/Bond 4.88% 08/15/20451.39%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
VGLT Return-5%-29%3%-6%5%-3%-33%
Peers Return-5%-31%3%-8%4%-4%-38%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
VGLT Win Rate42%17%50%58%58%50% 
Peers Win Rate46%17%46%58%52%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
VGLT Max Drawdown-14%-35%-21%-12%-8%-7% 
Peers Max Drawdown-15%-37%-23%-13%-10%-9% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: TLT, SPTL, TLH, EDV.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/21/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
VGLT-0.48-0.37-0.69
Bond Top Results (3Y)   
USHY0.140.740.06
SHYG0.070.690.19
HYG0.050.660.01
JNK0.170.66-0.01
SPSB-0.540.46-0.49

Results as of 7312026.

How Low Can It Go

EventVGLTS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-16.0%-9.5%
  % Gain to Breakeven19.1%10.5%
  Time to Breakeven56 days24 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-14.3%-3.7%
  % Gain to Breakeven16.7%3.9%
  Time to Breakeven895 days6 days
2013 Taper Tantrum
  % Loss-15.3%-0.2%
  % Gain to Breakeven18.0%0.2%
  Time to Breakeven373 days1 days

Compare to TLT, SPTL, TLH, EDV

In The Past

Vanguard Long-Term Treasury ETF's stock fell -3.2% during the 2025 US Tariff Shock. Such a loss loss requires a 3.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

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Compare to TLT, SPTL, TLH, EDV

In The Past

Vanguard Long-Term Treasury ETF's stock fell -3.2% during the 2025 US Tariff Shock. Such a loss loss requires a 3.3% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

VGLT Dip Buy History


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
MAGSRoundhill Magnificent Seven ETF-5.2%67.28821202670.94514202699
IEMGiShares Core MSCI Emerging Markets ETF-5.2%81.57821202686.00622202660
EEMiShares MSCI Emerging Markets ETF-5.7%67.12821202671.21622202660
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-7.5%34.49821202637.30622202660
EWYiShares MSCI South Korea ETF-18.6%178.348212026219.20621202661
EWZiShares MSCI Brazil ETF-16.0%35.06821202641.734142026129
FXIiShares China Large-Cap ETF-7.6%35.86821202638.812222026180
ILFiShares Latin America 40 ETF-9.0%34.68821202638.104142026129
KWEBKraneShares CSI China Internet ETF-18.5%26.66821202632.702222026180
MTUMiShares MSCI USA Momentum Factor ETF-11.6%305.178212026345.22622202660
SPMOInvesco S&P 500 Momentum ETF-8.0%148.738212026161.66622202660
URAGlobal X Uranium ETF-20.9%46.07821202658.265062026107
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-13.4%36.04821202641.635132026100
ROBOROBO Global Robotics & Automation Index ETF-10.2%81.17821202690.34602202680
LITGlobal X Lithium & Battery Tech ETF-16.4%76.61821202691.625112026102
ICLNiShares Global Clean Energy ETF-25.9%17.59821202623.75602202680
ARKQARK Autonomous Technology & Robotics ETF-12.7%125.588212026143.82528202685
ARKXARK Space & Defense Innovation ETF-11.9%33.25821202637.74528202685
NASATema Space Innovators ETF-41.2%24.64821202641.89527202686
AGIXKraneShares Artificial Intelligence ETF-9.2%44.85821202649.40601202681
VGTVanguard Information Technology ETF-5.7%118.428212026125.62602202680
XLKState Street Technology Select Sector SPDR ETF-7.5%183.318212026198.21602202680
XLCState Street Communication Services Select Sector SPDR ETF-6.5%111.408212026119.104192026124
XLUState Street Utilities Select Sector SPDR ETF-9.8%42.77821202647.403012026173
SMHVanEck Semiconductor ETF-16.2%560.428212026668.91622202660
SOXXiShares Semiconductor ETF-20.6%520.058212026655.01622202660
ITAiShares U.S. Aerospace & Defense ETF-6.3%237.348212026253.2281620265
MISLFirst Trust Indxx Aerospace & Defense ETF-10.1%45.53821202650.663022026172
RINGiShares MSCI Global Gold Miners ETF-8.6%90.85821202699.423012026173
SOXQInvesco PHLX Semiconductor ETF-19.7%92.428212026115.11622202660
TLTiShares 20+ Year Treasury Bond ETF-8.0%82.05821202689.153012026173
VGLTVanguard Long-Term Treasury ETF-6.7%52.75821202656.533012026173
SPTLState Street SPDR Portfolio Long Term Treasury ETF-7.1%25.09821202626.993012026173
TLHiShares 10-20 Year Treasury Bond ETF-6.2%96.698212026103.083012026173
EDVVanguard World Funds Extended Duration ETF-11.7%59.51821202667.423012026173
SPLBState Street SPDR Portfolio Long Term Corporate Bond ETF-5.3%21.33821202622.522262026176
GSGiShares GSCI Commodity-5.8%30.01821202631.853182026156
GLDSPDR Gold Trust-13.6%423.368212026490.003022026172
IAUiShares Gold Trust-13.5%86.798212026100.383022026172
GLDMSPDR Gold MiniShares Trust-13.5%91.328212026105.543022026172
SGOLETFS Physical Swiss Gold Shares-12.1%44.66821202650.813022026172
BARDirexion Daily Gold Bull 3X Shares-15.6%44.34821202652.533022026172
SLViShares Silver Trust-26.2%62.72821202684.993012026173
SIVRETFS Physical Silver Shares Trust ETF-6.6%83.39821202689.263012026173
PPLTETFS Physical Platinum Shares-20.7%17.02821202621.473012026173
CPERUnited States Copper Index Fund ETV-9.6%33.33821202636.883012026173
PALLETFS Physical Palladium Shares-24.9%24.45821202632.542242026178
USOUnited States Oil Fund LP-12.0%134.648212026152.96519202694
UNGUnited States Natural Gas Fund LP-23.4%9.99821202613.043122026162
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85821202660.135042026109
IBITiShares Bitcoin Trust ETF-6.0%43.68821202646.475112026102
FBTCFidelity Wise Origin Bitcoin Fund-6.1%67.02821202671.355112026102

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-08-21

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$53.1B), followed by Bond (+$17.1B), while Real Estate (−$135M) saw the largest outflows.
  • Within the mix, money rotated into US Nasdaq Growth (+$20.0B) and out of Industry Subsector (−$3.2B).
  • Relative to fund size, CNEQ drew the largest inflow (+88.9% of AUM) and FTXL the largest outflow (−69.6%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$16.16B+3.4%
2VOOVanguard S&P 500 ETFEquity US Large Cap Core+$15.84B+1.5%
3GLDSPDR Gold SharesCommodity Gold+$5.8B+4.2%
4SGOViShares 0-3 Month Treasury Bond ETFCash+$5.8B+5.7%
5SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$5.56B+3.3%
6TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$5.25B+12.3%
7VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$4.36B+0.6%
8SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core+$4.14B+0.5%
9SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$4.06B+3.8%
10QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$3.86B+3.8%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$16.29B-1.8%
2IEFiShares 7-10 Year Treasury Bond ETFBond Intermediate Treasury-$4.27B-9.1%
3XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$1.79B-3.1%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$1.59B-4.8%
5IWMiShares Russell 2000 ETFEquity US Small Cap Core-$1.44B-1.8%
6SOXXiShares Semiconductor ETFEquity Industry Subsector-$1.4B-3.2%
7SMHVanEck Semiconductor ETFEquity Industry Subsector-$1.39B-2.0%
8MTUMiShares MSCI USA Momentum Factor ETFEquity Factor Smart Beta-$1.07B-4.2%
9XLVState Street Health Care Select Sector SPDR ETFEquity Broad Sector-$971M-2.3%
10FTXLFirst Trust Nasdaq Semiconductor ETFOther-$932M-69.6%

Largest ETF fund flows across ~2622 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About VGLT

0Holdings Count: 69
Expense Ratio: 0.03%
Inception Date: 2009-11-19
Vanguard Long-Term Treasury ETF
Designed to offer significant and steady current income, this ETF primarily invests in U.S. government bonds. Its holdings maintain an average dollar-weighted maturity spanning 10 to 25 years.
Asset Class: Government Bond | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

VGLTTLTSPTLTLHEDVMedian
NameVanguard L.iShares 20.State Stre.iShares 10.Vanguard W. 
Asset ClassBondBondBondBondBond-
AUM ($ Bil)14.845.710.910.93.910.9
Expense Ratio0.03%0.15%0.03%0.15%0.05%0.05%
10-D Avg Volume (Mil)1.9025.695.711.191.111.90
Latest Day Volume (Mil)3.5749.938.952.011.803.57
Holdings Count6946108597569
Inception Date11/19/20097/22/20025/23/20071/5/200712/6/2007-

Fundamentals

VGLTTLTSPTLTLHEDVMedian
NameVanguard L.iShares 20.State Stre.iShares 10.Vanguard W. 
Net Asset Value52.6781.9825.2296.5458.99-
Premium/Discount0.2%0.1%-0.5%0.2%0.9%0.2%
Distribution Yield4.8%4.8%4.4%4.6%5.4%4.8%
Sales Yield------
Earnings Yield------

Valuation

VGLTTLTSPTLTLHEDVMedian
NameVanguard L.iShares 20.State Stre.iShares 10.Vanguard W. 
P/S (TTM)------
P/E (TTM)------
P/FCF (TTM)------
Forward P/E------
Forward P/S------

Risk

VGLTTLTSPTLTLHEDVMedian
NameVanguard L.iShares 20.State Stre.iShares 10.Vanguard W. 
Volatility (1Y)8.6%9.4%8.6%7.7%14.3%8.6%
Volatility (3Y)12.3%13.6%12.3%11.0%19.7%12.3%
Volatility (5Y)14.4%15.7%14.5%12.6%21.5%14.5%
Beta (1Y)0.180.180.180.170.260.18
Beta (3Y)0.110.130.110.100.200.11
Beta (5Y)0.070.080.070.070.110.07
Sharpe Ratio (1Y)-0.00-0.13-0.050.03-0.23-0.05
Sharpe Ratio (3Y)0.120.040.110.22-0.080.11
Sharpe Ratio (5Y)-0.43-0.46-0.43-0.37-0.51-0.43
Max Drawdown (1Y)-7.4%-8.7%-7.7%-6.8%-14.5%-7.7%
Max Drawdown (3Y)-13.4%-14.8%-13.4%-11.7%-22.9%-13.4%
Max Drawdown (5Y)-41.0%-43.7%-41.0%-35.4%-55.0%-41.0%

Returns

VGLTTLTSPTLTLHEDVMedian
NameVanguard L.iShares 20.State Stre.iShares 10.Vanguard W. 
1M Return-0.5%-1.3%-0.9%-0.4%-2.2%-0.9%
3M Return-1.0%-1.8%-1.3%-0.9%-2.9%-1.3%
6M Return-5.4%-6.5%-5.7%-5.0%-9.9%-5.7%
YTD Return-2.9%-3.7%-3.2%-2.8%-6.1%-3.2%
1Y Return-0.3%-1.6%-0.8%-0.0%-4.1%-0.8%
2Y Return-5.5%-8.5%-5.9%-2.9%-17.1%-5.9%
3Y Return2.4%-1.2%2.1%5.8%-10.1%2.1%

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity2.2 Mil
Short Interest: % Change Since 7152026-32.8%
Average Daily Volume1.8 Mil
Days-to-Cover Short Interest1.2 days