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by DavidHull 2849 days ago
According to the VFITX portfolio page (https://investor.vanguard.com/mutual-funds/profile/portfolio...), the average maturity of its holdings in 6 years, which probably explains why its performance is different than that of a 3 year treasury bond.
1 comments

Five and ten year US bonds have had lost less value than the three year bond in the past 8 months, so that doesn't seem sufficient to explain it (i.e. it makes the difference worse).

That said, I was very loose in my calculations. Without exact knowledge of their holdings and careful calculations, I'm not surprised that the numbers don't fully add up.