A 30-day SEC yield of 3.53% is nothing to scoff at, either, particularly when considering credit risk is minimal with VGIT.

Source: https://www.etftrends.com/fixed-income-channel/fixed-income-upside-intermediate-treasuries-offer-advantages/

In short, then, if one selects VCIT over VGIT, one is rewarded with roughly an additional 1% in current income, but at the "cost" of slightly higher interest rate risk and a fair amount of additional credit risk.

Source: https://seekingalpha.com/article/4577577-vgit-comparing-conservative-option-2-alternatives?source=feed_all_articles