- ISIN
- US9220207891
- CUSIP
- 922020789
- Issuer
- Vanguard
- Inception Date
- Oct 25, 2021
- Category
- Total Bond Market
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
VCPAX Performance Chart
Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) is up 1.0% since the beginning of the year. VCPAX is currently trading at $17 per share.
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Returns By Period
Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) has returned 0.95% so far this year and 5.52% over the past 12 months.
Vanguard Core-Plus Bond Fund Admiral Shares
- 1D
- 0.23%
- 1M
- 0.93%
- YTD
- 0.95%
- 6M
- 1.07%
- 1Y
- 5.52%
- 3Y*
- 5.41%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VCPAX Monthly Returns History
Based on dividend-adjusted daily data since Oct 14, 2021, VCPAX's average daily return is 0.00%, while the average monthly return is +0.11%. At this rate, an investment would double in approximately 52.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2023 with a return of +4.8%, while the worst month was Sep 2022 at -4.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VCPAX closed higher 48% of trading days. The best single day was Nov 10, 2022 with a return of +1.9%, while the worst single day was Jun 13, 2022 at -1.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.35% | 1.48% | -1.91% | 0.51% | 0.39% | 0.17% | 0.95% | ||||||
| 2025 | 0.78% | 2.08% | -0.02% | 0.40% | -0.48% | 1.69% | -0.11% | 1.22% | 1.08% | 0.67% | 0.60% | -0.11% | 8.06% |
| 2024 | -0.05% | -1.26% | 1.06% | -2.24% | 1.75% | 0.87% | 2.36% | 1.41% | 1.40% | -1.79% | 1.06% | -1.54% | 2.95% |
| 2023 | 3.11% | -2.43% | 2.19% | 0.58% | -1.02% | 0.02% | 0.39% | -0.67% | -2.29% | -1.60% | 4.78% | 3.83% | 6.80% |
| 2022 | -2.01% | -1.60% | -2.38% | -3.88% | 0.62% | -2.33% | 2.90% | -2.57% | -4.40% | -0.98% | 3.86% | -0.29% | -12.60% |
| 2021 | 0.36% | 0.02% | -0.06% | 0.32% |
Benchmark Metrics
Vanguard Core-Plus Bond Fund Admiral Shares has an annualized alpha of 0.33%, beta of 0.07, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since October 14, 2021.
- This fund participated in 39.08% of S&P 500 Index downside but only 20.07% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.07 may look defensive, but with R2 of 0.05 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 0.05 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.
- Alpha
- 0.33%
- Beta
- 0.07
- R²
- 0.05
- Upside Capture
- 20.07%
- Downside Capture
- 39.08%
Expense Ratio
VCPAX has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
VCPAX ranks 35 for risk / return — below 35% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Core-Plus Bond Fund Admiral Shares (VCPAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VCPAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 2.78 | -0.67 |
| Martin ratioReturn relative to average drawdown | 6.48 | 12.44 | -5.96 |
Dividends
Dividend History
Vanguard Core-Plus Bond Fund Admiral Shares provided a 4.83% dividend yield over the last twelve months, with an annual payout of $0.83 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.83 | $0.85 | $0.88 | $0.79 | $0.55 | $0.05 |
Dividend yield | 4.83% | 4.86% | 5.19% | 4.55% | 3.26% | 0.27% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Core-Plus Bond Fund Admiral 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 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.33 | ||||||
| 2025 | $0.08 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.09 | $0.85 |
| 2024 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.15 | $0.06 | $0.08 | $0.88 |
| 2023 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.79 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.06 | $0.07 | $0.05 | $0.06 | $0.06 | $0.06 | $0.55 |
| 2021 | $0.00 | $0.02 | $0.03 | $0.05 |
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 Core-Plus Bond Fund Admiral 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 Core-Plus Bond Fund Admiral Shares was 17.25%, occurring on Oct 20, 2022. Recovery took 696 trading sessions.
The current Vanguard Core-Plus Bond Fund Admiral Shares drawdown is 0.86%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.25%Oct 2022 | 11mo 14d | 2y 9mo | 3y 8moNov 2021 - Aug 2025 |
2026 pullback2026 | -2.65%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2025 pullback2025 | -0.98%Nov 2025 | 7d | 2mo 3d | 2mo 10dOct 2025 - Jan 2026 |
2025 pullback2025 | -0.63%Sep 2025 | 9d | 14d | 23dSep 2025 - Oct 2025 |
2026 pullback2026 | -0.57%Jan 2026 | 5d | 16d | 21dJan 2026 - Feb 2026 |
Drawdown Indicators
| VCPAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -56.78% | +39.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.65% | -9.10% | +6.45% |
Max Drawdown (3Y)Largest decline over 3 years | -5.71% | -18.90% | +13.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.86% | -1.80% | +0.94% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -10.71% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 2.03% | -1.17% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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