Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX)

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Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) is up 0.3% since the beginning of the year. VBIPX is currently trading at $10 per share. Investors who bought $1,000 worth of VBIPX shares 5 years ago would now be looking at an investment worth $1,080.

Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) has returned 0.32% so far this year and 3.77% over the past 12 months. Over the last ten years, VBIPX has returned 1.90% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Sep 27, 2011, VBIPX's average daily return is +0.01%, while the average monthly return is +0.14%. At this rate, an investment would double in approximately 41.3 years.

Historically, 61% of months were positive and 39% were negative. The best month was Mar 2023 with a return of +1.9%, while the worst month was Mar 2022 at -2.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 9 months.

On a daily basis, VBIPX closed higher 32% of trading days. The best single day was Mar 13, 2023 with a return of +0.9%, while the worst single day was Jun 13, 2022 at -0.7%.

Vanguard Short-Term Bond Index Fund Institutional Plus has an annualized alpha of 1.89%, beta of -0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since September 28, 2011.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (5.65%) than losses (0.91%) - typical of diversified or defensive assets.
• Beta of -0.01 may look defensive, but with R2 of 0.01 this fund 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 fund's risk.
• R2 of 0.01 means this fund 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.

VBIPX has an expense ratio of 0.04%, which is considered low.

VBIPX ranks 39 for risk / return — below 39% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund Institutional Plus (VBIPX) and compare them to S&P 500 Index.

Vanguard Short-Term Bond Index Fund Institutional Plus provided a 4.02% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Vanguard Short-Term Bond Index Fund Institutional Plus. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Vanguard Short-Term Bond Index Fund Institutional Plus. 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 Short-Term Bond Index Fund Institutional Plus was 8.72%, occurring on Oct 20, 2022. Recovery took 446 trading sessions.

The current Vanguard Short-Term Bond Index Fund Institutional Plus drawdown is 0.62%.

The chart below shows the rolling one-month volatility.