- CUSIP
- 922020797
- Issuer
- Vanguard
- Inception Date
- Oct 25, 2021
- Category
- Total Bond Market
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
VCPIX Performance Chart
Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) is up 0.9% since the beginning of the year. VCPIX is currently trading at $9 per share.
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Returns By Period
Vanguard Core-Plus Bond Fund Investor Shares (VCPIX) has returned 0.85% so far this year and 5.42% over the past 12 months.
Vanguard Core-Plus Bond Fund Investor Shares
- 1D
- 0.23%
- 1M
- 0.86%
- YTD
- 0.85%
- 6M
- 1.08%
- 1Y
- 5.42%
- 3Y*
- 5.30%
- 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%
VCPIX Monthly Returns History
Based on dividend-adjusted daily data since Oct 14, 2021, VCPIX's average daily return is 0.00%, while the average monthly return is +0.10%. At this rate, an investment would double in approximately 57.8 years.
Historically, 58% of months were positive and 42% 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, VCPIX closed higher 45% 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 -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.34% | 1.41% | -1.92% | 0.50% | 0.38% | 0.16% | 0.85% | ||||||
| 2025 | 0.83% | 2.02% | 0.03% | 0.28% | -0.43% | 1.69% | -0.06% | 1.21% | 1.07% | 0.61% | 0.60% | -0.06% | 8.01% |
| 2024 | -0.12% | -1.15% | 0.99% | -2.31% | 1.86% | 0.74% | 2.36% | 1.52% | 1.39% | -1.87% | 1.06% | -1.54% | 2.83% |
| 2023 | 3.04% | -2.44% | 2.24% | 0.58% | -1.14% | 0.13% | 0.39% | -0.67% | -2.36% | -1.61% | 4.77% | 3.82% | 6.64% |
| 2022 | -2.07% | -1.60% | -2.44% | -3.89% | 0.67% | -2.33% | 2.83% | -2.52% | -4.41% | -0.98% | 3.86% | -0.24% | -12.68% |
| 2021 | 0.30% | 0.11% | -0.06% | 0.35% |
Benchmark Metrics
Vanguard Core-Plus Bond Fund Investor Shares has an annualized alpha of 0.23%, 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 39.51% of S&P 500 Index downside but only 20.01% 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
- 0.23%
- Beta
- 0.07
- R²
- 0.05
- Upside Capture
- 20.01%
- Downside Capture
- 39.51%
Expense Ratio
VCPIX has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VCPIX ranks 33 for risk / return — below 33% 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 Investor Shares (VCPIX) 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.
| VCPIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 2.78 | -0.78 |
| Martin ratioReturn relative to average drawdown | 6.23 | 12.44 | -6.21 |
Dividends
Dividend History
Vanguard Core-Plus Bond Fund Investor Shares provided a 4.73% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.41 | $0.43 | $0.39 | $0.27 | $0.02 |
Dividend yield | 4.73% | 4.76% | 5.08% | 4.46% | 3.15% | 0.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Core-Plus Bond Fund Investor 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.16 | ||||||
| 2025 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.41 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.03 | $0.04 | $0.43 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.39 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.27 |
| 2021 | $0.01 | $0.01 | $0.02 |
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 Investor 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 Investor Shares was 17.33%, occurring on Oct 20, 2022. Recovery took 697 trading sessions.
The current Vanguard Core-Plus Bond Fund Investor Shares drawdown is 0.89%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.33%Oct 2022 | 11mo 14d | 2y 9mo | 3y 8moNov 2021 - Aug 2025 |
2026 pullback2026 | -2.72%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2025 pullback2025 | -0.99%Nov 2025 | 7d | 21d | 28dOct 2025 - Nov 2025 |
2026 pullback2026 | -0.69%Jan 2026 | 5d | 16d | 21dJan 2026 - Feb 2026 |
2025 pullback2025 | -0.68%Sep 2025 | 9d | 14d | 23dSep 2025 - Oct 2025 |
Drawdown Indicators
| VCPIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.33% | -56.78% | +39.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -9.10% | +6.38% |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | -18.90% | +13.22% |
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 | -0.89% | -1.80% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -6.54% | -10.71% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.87% | 2.03% | -1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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