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Vanguard Short-Term Bond Index Fund (VBISX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US9219372078

CUSIP

921937207

Issuer

Vanguard

Inception Date

Mar 1, 1994

Min. Investment

$3,000

Asset Class

Bond

Expense Ratio

VBISX has an expense ratio of 0.15%, which is considered low.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Vanguard Short-Term Bond Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


200.00%400.00%600.00%800.00%1,000.00%1,200.00%December2025FebruaryMarchAprilMay
188.89%
1,111.82%
VBISX (Vanguard Short-Term Bond Index Fund)
Benchmark (^GSPC)

Returns By Period

Vanguard Short-Term Bond Index Fund (VBISX) returned 1.90% year-to-date (YTD) and 5.62% over the past 12 months. Over the past 10 years, VBISX returned 1.60% annually, underperforming the S&P 500 benchmark at 10.45%.


VBISX

YTD

1.90%

1M

0.20%

6M

2.31%

1Y

5.62%

5Y*

0.88%

10Y*

1.60%

^GSPC (Benchmark)

YTD

-3.77%

1M

3.72%

6M

-5.60%

1Y

8.55%

5Y*

14.11%

10Y*

10.45%

*Annualized

Monthly Returns

The table below presents the monthly returns of VBISX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.51%0.98%0.51%0.59%-0.68%1.90%
20240.35%-0.65%0.36%-0.74%0.99%0.68%1.49%0.98%0.96%-1.07%0.38%-0.09%3.66%
20231.28%-1.25%1.90%0.47%-0.52%-0.62%0.30%0.22%-0.38%0.03%1.76%1.56%4.79%
2022-0.95%-0.59%-1.93%-0.99%0.69%-0.88%1.01%-1.36%-1.78%-0.26%1.37%-0.05%-5.62%
20210.02%-0.37%-0.27%0.28%0.18%-0.18%0.37%-0.10%-0.29%-0.47%-0.11%-0.48%-1.42%
20200.94%1.01%0.26%0.81%0.53%0.42%0.32%-0.05%0.04%-0.06%0.21%0.12%4.63%
20190.48%0.16%0.97%0.18%0.96%0.66%-0.00%1.04%-0.10%0.27%-0.02%0.09%4.77%
2018-0.53%-0.25%0.25%-0.33%0.45%0.06%-0.03%0.46%-0.22%0.08%0.27%1.07%1.27%
20170.22%0.21%0.03%0.41%0.23%-0.07%0.32%0.33%-0.25%-0.05%-0.34%0.05%1.10%
20160.88%0.20%0.49%0.11%-0.17%0.97%0.12%-0.25%0.21%-0.25%-0.93%0.03%1.40%
20151.05%-0.48%0.39%0.01%0.11%-0.18%0.20%-0.09%0.49%-0.18%-0.18%-0.36%0.76%
20140.47%0.18%-0.28%0.28%0.38%-0.09%-0.19%0.29%-0.19%0.48%0.19%-0.47%1.02%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 93, VBISX is among the top 7% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of VBISX is 9393
Overall Rank
The Sharpe Ratio Rank of VBISX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of VBISX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of VBISX is 9393
Omega Ratio Rank
The Calmar Ratio Rank of VBISX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of VBISX is 9393
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Vanguard Short-Term Bond Index Fund (VBISX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Vanguard Short-Term Bond Index Fund Sharpe ratios as of May 10, 2025 (values are recalculated daily):

  • 1-Year: 2.11
  • 5-Year: 0.32
  • 10-Year: 0.68
  • All Time: 1.35

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Vanguard Short-Term Bond Index Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
2.11
0.44
VBISX (Vanguard Short-Term Bond Index Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Vanguard Short-Term Bond Index Fund provided a 3.17% dividend yield over the last twelve months, with an annual payout of $0.32 per share. The fund has been increasing its distributions for 3 consecutive years.


1.00%1.50%2.00%2.50%3.00%$0.00$0.05$0.10$0.15$0.20$0.25$0.30$0.3520142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.32$0.33$0.24$0.14$0.12$0.19$0.23$0.20$0.16$0.15$0.13$0.12

Dividend yield

3.17%3.29%2.34%1.37%1.10%1.72%2.16%1.93%1.58%1.41%1.25%1.12%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.00$0.00$0.09
2024$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2023$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.24
2022$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.14
2021$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.12
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.01$0.01$0.01$0.01$0.19
2019$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.23
2018$0.02$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.20
2017$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.01$0.02$0.16
2016$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.15
2015$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.13
2014$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.12

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.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-0.68%
-7.88%
VBISX (Vanguard Short-Term Bond Index Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard Short-Term Bond Index Fund. 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 was 8.98%, occurring on Oct 20, 2022. Recovery took 447 trading sessions.

The current Vanguard Short-Term Bond Index Fund drawdown is 0.68%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-8.98%Aug 4, 2021307Oct 20, 2022447Aug 2, 2024754
-2.76%Mar 17, 200461Jun 14, 200486Oct 14, 2004147
-2.45%Sep 16, 200820Oct 13, 200833Nov 28, 200853
-2.44%Nov 8, 200193Mar 25, 200249Jun 4, 2002142
-2.31%Mar 18, 200862Jun 13, 200855Sep 3, 2008117

Volatility

Volatility Chart

The current Vanguard Short-Term Bond Index Fund volatility is 0.84%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
0.84%
6.82%
VBISX (Vanguard Short-Term Bond Index Fund)
Benchmark (^GSPC)