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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard Balanced Index Fund Institutional Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Vanguard Balanced Index Fund Institutional Shares (VBAIX) has returned -4.19% so far this year and 10.88% over the past 12 months. Over the last ten years, VBAIX has returned 9.08% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Vanguard Balanced Index Fund Institutional Shares
- 1D
- -0.08%
- 1M
- -5.44%
- YTD
- -4.19%
- 6M
- -2.39%
- 1Y
- 10.88%
- 3Y*
- 12.60%
- 5Y*
- 6.93%
- 10Y*
- 9.08%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 30, 2000, VBAIX's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, your investment would double in approximately 9.5 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +8.5%, while the worst month was Oct 2008 at -11.6%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VBAIX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +6.2%, while the worst single day was Mar 16, 2020 at -7.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.04% | 0.29% | -5.44% | -4.19% | |||||||||
| 2025 | 2.10% | -0.34% | -3.53% | -0.04% | 3.58% | 3.71% | 1.30% | 1.84% | 2.55% | 1.58% | 0.41% | -0.13% | 13.60% |
| 2024 | 0.61% | 2.74% | 2.28% | -3.62% | 3.53% | 2.28% | 2.00% | 1.88% | 1.77% | -1.40% | 4.45% | 0.22% | 17.78% |
| 2023 | 5.40% | -2.39% | 2.61% | 0.87% | -0.19% | 3.93% | 2.15% | -1.43% | -3.88% | -2.19% | 7.40% | 4.68% | 17.55% |
| 2022 | -4.49% | -1.99% | 0.85% | -6.97% | 0.14% | -5.68% | 6.53% | -3.30% | -7.26% | 4.27% | 4.60% | -3.83% | -16.87% |
| 2021 | -0.50% | 1.27% | 1.57% | 3.49% | 0.36% | 1.86% | 1.50% | 1.68% | -3.11% | 4.04% | -0.75% | 2.16% | 14.20% |
Benchmark Metrics
Vanguard Balanced Index Fund Institutional Shares has an annualized alpha of 2.84%, beta of 0.58, and R² of 0.96 versus S&P 500 Index. Calculated based on daily prices since December 01, 2000.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (66.06%) than losses (61.35%) — typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.84% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 0.58 indicates this fund moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.84%
- Beta
- 0.58
- R²
- 0.96
- Upside Capture
- 66.06%
- Downside Capture
- 61.35%
Expense Ratio
VBAIX has an expense ratio of 0.06%, which is considered low.
Return for Risk
Risk / Return Rank
VBAIX ranks 55 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Balanced Index Fund Institutional Shares (VBAIX) and compare them to a chosen benchmark (S&P 500 Index).
| VBAIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.90 | +0.11 |
Sortino ratioReturn per unit of downside risk | 1.50 | 1.39 | +0.12 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.40 | -0.09 |
Martin ratioReturn relative to average drawdown | 6.21 | 6.61 | -0.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore VBAIX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Vanguard Balanced Index Fund Institutional Shares provided a 5.86% dividend yield over the last twelve months, with an annual payout of $2.87 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.87 | $3.11 | $3.88 | $1.95 | $1.13 | $1.57 | $1.18 | $0.90 | $0.77 | $0.68 | $0.65 | $0.62 |
Dividend yield | 5.86% | 6.01% | 8.01% | 4.36% | 2.84% | 3.20% | 2.65% | 2.29% | 2.33% | 1.96% | 2.10% | 2.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Balanced Index Fund Institutional Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.69 | $0.69 | |||||||||
| 2025 | $0.00 | $0.00 | $0.94 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $1.63 | $3.11 |
| 2024 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $2.91 | $3.88 |
| 2023 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $1.14 | $1.95 |
| 2022 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.38 | $1.13 |
| 2021 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.89 | $1.57 |
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 Vanguard Balanced Index Fund Institutional Shares. 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 Vanguard Balanced Index Fund Institutional Shares was 35.82%, occurring on Mar 9, 2009. Recovery took 418 trading sessions.
The current Vanguard Balanced Index Fund Institutional Shares drawdown is 5.84%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.82% | Oct 10, 2007 | 355 | Mar 9, 2009 | 418 | Nov 2, 2010 | 773 |
| -22.77% | Feb 20, 2020 | 23 | Mar 23, 2020 | 82 | Jul 20, 2020 | 105 |
| -22.22% | Dec 12, 2000 | 456 | Oct 9, 2002 | 301 | Dec 18, 2003 | 757 |
| -21.52% | Dec 28, 2021 | 202 | Oct 14, 2022 | 339 | Feb 22, 2024 | 541 |
| -11.91% | Aug 30, 2018 | 80 | Dec 24, 2018 | 59 | Mar 21, 2019 | 139 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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