Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in bond funds (mostly), comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Jan 2, 2013, corresponding to the inception date of VTAPX
Returns By Period
As of Apr 16, 2026, the bond funds (mostly) returned 1.41% Year-To-Date and 3.41% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.26% | 4.84% | 2.86% | 6.22% | 33.47% | 19.26% | 10.96% | 12.89% |
Portfolio bond funds (mostly) | 0.02% | 0.58% | 1.41% | 1.65% | 7.40% | 5.63% | 2.82% | 3.41% |
| Portfolio components: | ||||||||
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | -0.08% | -0.03% | 1.25% | 0.53% | 5.47% | 3.35% | 1.28% | 2.58% |
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares | 0.00% | 0.20% | 1.45% | 1.43% | 4.61% | 4.86% | 3.50% | 3.12% |
VFSUX Vanguard Short-Term Investment-Grade Fund Admiral Shares | 0.00% | 0.49% | 0.59% | 1.37% | 5.79% | 5.52% | 2.47% | 2.67% |
VTINX Vanguard Target Retirement Income Fund | 0.14% | 1.64% | 2.30% | 3.23% | 13.89% | 8.76% | 3.90% | 5.17% |
Monthly Returns
Based on dividend-adjusted daily data since Jan 3, 2013, bond funds (mostly)'s average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 68% of months were positive and 32% were negative. The best month was Jul 2022 with a return of +2.8%, while the worst month was Sep 2022 at -4.2%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, bond funds (mostly) closed higher 55% of trading days. The best single day was Nov 10, 2022 with a return of +1.4%, while the worst single day was Mar 9, 2020 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.65% | 0.93% | -1.30% | 1.14% | 1.41% | ||||||||
| 2025 | 1.00% | 1.33% | 0.31% | 0.61% | 0.15% | 1.16% | 0.18% | 1.37% | 0.63% | 0.44% | 0.32% | 0.01% | 7.75% |
| 2024 | 0.26% | -0.27% | 0.89% | -1.13% | 1.48% | 0.71% | 1.60% | 0.97% | 1.26% | -1.23% | 0.83% | -0.85% | 4.55% |
| 2023 | 2.11% | -1.33% | 2.21% | 0.39% | -0.79% | 0.14% | 0.63% | -0.42% | -1.25% | -0.47% | 2.73% | 2.28% | 6.29% |
| 2022 | -1.53% | -0.10% | -1.31% | -1.94% | 0.14% | -2.34% | 2.79% | -2.12% | -4.22% | 0.88% | 2.15% | -0.92% | -8.38% |
| 2021 | 0.13% | -0.50% | 0.12% | 1.09% | 0.70% | 0.36% | 1.32% | 0.12% | -0.70% | 0.69% | 0.11% | 0.37% | 3.85% |
Benchmark Metrics
bond funds (mostly) has an annualized alpha of 1.96%, beta of 0.07, and R² of 0.15 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.
- This portfolio participated in 16.15% of S&P 500 Index downside but only 15.51% of its upside — more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R² of 0.15 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.15 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.96%
- Beta
- 0.07
- R²
- 0.15
- Upside Capture
- 15.51%
- Downside Capture
- 16.15%
Expense Ratio
bond funds (mostly) has an expense ratio of 0.11%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
bond funds (mostly) ranks 77 for risk / return — better than 77% of portfolios on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.04 | 2.59 | +0.44 |
Sortino ratioReturn per unit of downside risk | 4.63 | 3.60 | +1.03 |
Omega ratioGain probability vs. loss probability | 1.60 | 1.48 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 3.99 | 3.33 | +0.66 |
Martin ratioReturn relative to average drawdown | 18.00 | 15.04 | +2.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 26 | 1.58 | 2.30 | 1.28 | 3.11 | 8.40 |
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares | 85 | 2.90 | 4.38 | 1.64 | 5.36 | 18.85 |
VFSUX Vanguard Short-Term Investment-Grade Fund Admiral Shares | 74 | 2.54 | 4.55 | 1.60 | 3.87 | 16.81 |
VTINX Vanguard Target Retirement Income Fund | 71 | 2.84 | 4.20 | 1.58 | 3.48 | 15.48 |
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Dividends
Dividend yield
bond funds (mostly) provided a 4.39% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 4.39% | 4.51% | 4.20% | 3.55% | 5.07% | 5.03% | 2.06% | 2.43% | 3.11% | 1.88% | 2.14% | 1.60% |
| Portfolio components: | ||||||||||||
VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 4.40% | 4.64% | 4.07% | 4.20% | 8.34% | 5.03% | 1.28% | 2.22% | 3.03% | 2.32% | 3.38% | 0.77% |
VTAPX Vanguard Short-Term Inflation-Protected Securities Index Fund Admiral Shares | 3.58% | 3.78% | 2.68% | 2.84% | 6.82% | 4.67% | 1.19% | 1.94% | 2.45% | 1.52% | 0.76% | 0.00% |
VFSUX Vanguard Short-Term Investment-Grade Fund Admiral Shares | 4.67% | 4.59% | 4.16% | 3.14% | 2.03% | 1.79% | 2.34% | 2.92% | 2.79% | 2.11% | 2.14% | 2.09% |
VTINX Vanguard Target Retirement Income Fund | 4.91% | 5.02% | 5.89% | 4.01% | 3.08% | 8.63% | 3.42% | 2.62% | 4.19% | 1.56% | 2.27% | 3.53% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the bond funds (mostly). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the bond funds (mostly) was 10.92%, occurring on Oct 20, 2022. Recovery took 434 trading sessions.
The current bond funds (mostly) drawdown is 0.19%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -10.92% | Nov 10, 2021 | 238 | Oct 20, 2022 | 434 | Jul 16, 2024 | 672 |
| -6.96% | Mar 9, 2020 | 9 | Mar 19, 2020 | 50 | Jun 1, 2020 | 59 |
| -4.46% | May 1, 2013 | 38 | Jun 24, 2013 | 224 | May 14, 2014 | 262 |
| -2.69% | Apr 27, 2015 | 187 | Jan 21, 2016 | 46 | Mar 29, 2016 | 233 |
| -2.1% | Sep 29, 2016 | 56 | Dec 16, 2016 | 46 | Feb 24, 2017 | 102 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 4 assets, with an effective number of assets of 4.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | VFSUX | VTINX | VTAPX | VIPSX | Portfolio | |
|---|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.02 | 0.81 | 0.06 | -0.03 | 0.32 |
| VFSUX | -0.02 | 1.00 | 0.33 | 0.58 | 0.64 | 0.71 |
| VTINX | 0.81 | 0.33 | 1.00 | 0.36 | 0.36 | 0.70 |
| VTAPX | 0.06 | 0.58 | 0.36 | 1.00 | 0.80 | 0.80 |
| VIPSX | -0.03 | 0.64 | 0.36 | 0.80 | 1.00 | 0.87 |
| Portfolio | 0.32 | 0.71 | 0.70 | 0.80 | 0.87 | 1.00 |