- Issuer
- Vanguard
- Inception Date
- Dec 14, 2023
- Category
- Intermediate Core Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $7B
Share Price Chart
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Performance
VCRB Performance Chart
Vanguard Core Bond ETF (VCRB) is up 0.6% since the beginning of the year. VCRB is currently trading at $77 per share.
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Returns By Period
Vanguard Core Bond ETF (VCRB) has returned 0.62% so far this year and 4.91% over the past 12 months.
Vanguard Core Bond ETF
- 1D
- -0.17%
- 1M
- 0.62%
- YTD
- 0.62%
- 6M
- 0.70%
- 1Y
- 4.91%
- 3Y*
- —
- 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%
VCRB Monthly Returns History
Based on dividend-adjusted daily data since Dec 14, 2023, VCRB's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.
Historically, 65% of months were positive and 35% were negative. The best month was Jul 2024 with a return of +2.4%, while the worst month was Apr 2024 at -2.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, VCRB closed higher 53% of trading days. The best single day was Aug 2, 2024 with a return of +1.0%, while the worst single day was Apr 7, 2025 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 1.51% | -1.84% | 0.26% | 0.37% | -0.01% | 0.62% | ||||||
| 2025 | 0.66% | 2.24% | -0.03% | 0.45% | -0.72% | 1.58% | -0.15% | 1.17% | 1.17% | 0.55% | 0.64% | -0.23% | 7.56% |
| 2024 | -0.07% | -1.27% | 0.90% | -2.38% | 1.91% | 0.92% | 2.38% | 1.45% | 1.33% | -2.27% | 1.01% | -1.56% | 2.21% |
| 2023 | 0.95% | 0.95% |
Benchmark Metrics
Vanguard Core Bond ETF has an annualized alpha of 3.67%, beta of 0.05, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since December 14, 2023.
- This ETF participated in 20.21% of S&P 500 Index downside but only 18.64% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.02 this ETF 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 ETF's risk.
- R2 of 0.02 means this ETF 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
- 3.67%
- Beta
- 0.05
- R²
- 0.02
- Upside Capture
- 18.64%
- Downside Capture
- 20.21%
Expense Ratio
VCRB has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
VCRB ranks 38 for risk / return — below 38% of ETFs 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 Bond ETF (VCRB) 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.
| VCRB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.78 | -0.91 |
| Martin ratioReturn relative to average drawdown | 5.33 | 12.44 | -7.11 |
Dividends
Dividend History
Vanguard Core Bond ETF provided a 4.59% dividend yield over the last twelve months, with an annual payout of $3.54 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $3.54 | $3.55 | $3.20 | $0.13 |
Dividend yield | 4.59% | 4.55% | 4.22% | 0.16% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Core Bond ETF. 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 | $0.27 | $0.26 | $0.29 | $0.29 | $0.29 | $1.40 | ||||||
| 2025 | $0.00 | $0.30 | $0.26 | $0.27 | $0.28 | $0.29 | $0.29 | $0.29 | $0.29 | $0.28 | $0.29 | $0.70 | $3.55 |
| 2024 | $0.00 | $0.23 | $0.25 | $0.27 | $0.24 | $0.24 | $0.24 | $0.28 | $0.28 | $0.21 | $0.29 | $0.66 | $3.20 |
| 2023 | $0.13 | $0.13 |
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 Bond ETF. 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 Bond ETF was 4.59%, occurring on Jan 13, 2025. Recovery took 56 trading sessions.
The current Vanguard Core Bond ETF drawdown is 1.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -4.59%Jan 2025 | 3mo 28d | 2mo 20d | 6mo 18dSep 2024 - Apr 2025 |
2024 pullback2024 | -3.34%Apr 2024 | 2mo 14d | 1mo 28d | 4mo 12dFeb 2024 - Jun 2024 |
2025 selloff2025 | -2.77%Apr 2025 | 4d | 2mo 16d | 2mo 20dApr 2025 - Jun 2025 |
2026 pullback2026 | -2.63%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
2024 pullback2024 | -1.76%Jan 2024 | 27d | 8d | 1mo 5dDec 2023 - Feb 2024 |
Drawdown Indicators
| VCRB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.59% | -56.78% | +52.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -9.10% | +6.47% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
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 | -1.24% | -1.80% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -1.16% | -10.71% | +9.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 2.03% | -1.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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