What is an intermediate-term bond ETF?

An intermediate-term bond ETF invests in bonds with maturities typically in the middle of the curve, often around 3–10 years depending on the index or fund mandate.

Compared with short-term bond ETFs, intermediate-term funds usually offer higher yield but also more sensitivity to interest-rate changes (higher duration). Compared with long-term bond ETFs, they generally have lower volatility.

If you're choosing an intermediate-term bond ETF, pay attention to duration and credit quality. An intermediate Treasury ETF behaves very differently from an intermediate corporate bond ETF, especially in recessions or credit stress.