Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX)

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

Vanguard Long-Term Bond Index Fund Institutional Plus (VBLIX) has returned -1.15% so far this year and 1.64% over the past 12 months. Over the last ten years, VBLIX has returned 0.98% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Sep 27, 2011, VBLIX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, your investment would double in approximately 24.1 years.

Historically, 55% of months were positive and 45% were negative. The best month was Nov 2023 with a return of +10.0%, while the worst month was Apr 2022 at -9.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, VBLIX closed higher 50% of trading days. The best single day was Mar 20, 2020 with a return of +4.3%, while the worst single day was Mar 17, 2020 at -5.3%.

Vanguard Long-Term Bond Index Fund Institutional Plus has an annualized alpha of 4.32%, beta of -0.09, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 28, 2011.

• This fund participated in 28.76% of S&P 500 Index downside but only 19.51% of its upside — more exposed to losses than it benefited from rallies.
• Beta of -0.09 may look defensive, but with R² of 0.02 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 0.02 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.

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

VBLIX ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

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

Vanguard Long-Term Bond Index Fund Institutional Plus provided a 4.37% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Vanguard Long-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 Long-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 Long-Term Bond Index Fund Institutional Plus was 38.61%, occurring on Oct 19, 2023. The portfolio has not yet recovered.

The current Vanguard Long-Term Bond Index Fund Institutional Plus drawdown is 25.94%.

The chart below shows the rolling one-month volatility.