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Vanguard Intermediate-Term Investment-Grade Fund I...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US9220318854

CUSIP

922031885

Issuer

Vanguard

Inception Date

Nov 1, 1993

Min. Investment

$3,000

Asset Class

Bond

Expense Ratio

VFICX has an expense ratio of 0.20%, 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


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Returns By Period

Vanguard Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) returned 1.67% year-to-date (YTD) and 6.34% over the past 12 months. Over the past 10 years, VFICX returned 1.75% annually, underperforming the S&P 500 benchmark at 10.69%.


VFICX

YTD

1.67%

1M

1.53%

6M

1.06%

1Y

6.34%

5Y*

-0.11%

10Y*

1.75%

^GSPC (Benchmark)

YTD

-0.64%

1M

8.97%

6M

-2.62%

1Y

11.90%

5Y*

15.76%

10Y*

10.69%

*Annualized

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.64%2.03%0.05%0.12%-1.15%1.67%
20240.01%-1.49%1.32%-2.31%1.96%0.86%2.62%1.53%1.63%-2.43%1.32%-1.67%3.22%
20233.91%-2.96%2.94%0.90%-1.31%-0.14%0.45%-0.60%-2.64%-1.74%5.78%4.06%8.53%
2022-2.63%-1.35%-3.06%-4.66%1.04%-2.69%3.53%-3.14%-4.89%-0.46%4.65%-0.67%-13.86%
2021-0.58%-1.45%-2.17%1.19%0.68%0.87%1.27%-0.30%-0.89%-0.60%-0.11%-0.71%-2.83%
20202.02%1.39%-4.42%3.48%2.09%1.56%1.83%-0.27%-0.09%-0.19%1.43%-1.93%6.85%
20191.68%0.25%1.96%0.37%1.52%1.69%0.16%2.26%-0.54%0.55%-0.06%0.14%10.41%
2018-1.19%-0.92%0.26%-0.80%0.59%-0.17%0.37%0.69%-0.48%-0.56%0.18%1.49%-0.56%
20170.43%0.84%0.04%0.96%0.75%-0.17%0.85%0.74%-0.50%0.22%-0.38%0.17%4.01%
20161.08%0.65%1.78%0.74%-0.16%1.85%0.84%-0.06%0.12%-0.56%-2.59%-0.80%2.84%
20152.60%-0.77%0.35%-0.06%-0.35%-1.17%0.57%-0.45%0.98%0.37%-0.05%-0.87%1.08%
20141.73%0.66%-0.13%0.88%1.19%0.05%-0.14%1.07%-0.95%0.87%0.66%-1.04%4.91%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 80, VFICX is among the top 20% 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 VFICX is 8080
Overall Rank
The Sharpe Ratio Rank of VFICX is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of VFICX is 8585
Sortino Ratio Rank
The Omega Ratio Rank of VFICX is 8282
Omega Ratio Rank
The Calmar Ratio Rank of VFICX is 6767
Calmar Ratio Rank
The Martin Ratio Rank of VFICX is 8080
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 Intermediate-Term Investment-Grade Fund Investor Shares (VFICX) 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 Intermediate-Term Investment-Grade Fund Investor Shares Sharpe ratios as of May 13, 2025 (values are recalculated daily):

  • 1-Year: 1.17
  • 5-Year: -0.02
  • 10-Year: 0.33
  • All Time: 0.83

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 Intermediate-Term Investment-Grade Fund Investor Shares 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.


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Dividends

Dividend History

Vanguard Intermediate-Term Investment-Grade Fund Investor Shares provided a 4.29% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 3 consecutive years.


2.50%3.00%3.50%4.00%4.50%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.37$0.39$0.33$0.26$0.23$0.26$0.31$0.30$0.27$0.28$0.30$0.31

Dividend yield

4.29%4.58%3.81%3.09%2.26%2.51%3.04%3.21%2.80%2.87%3.08%3.16%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Intermediate-Term Investment-Grade Fund Investor Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.04$0.03$0.03$0.00$0.00$0.10
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.39
2023$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.26
2021$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
2020$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.26
2019$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.31
2018$0.02$0.02$0.03$0.02$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.30
2017$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.27
2016$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2015$0.03$0.02$0.03$0.02$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.30
2014$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31

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 Intermediate-Term Investment-Grade 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 Intermediate-Term Investment-Grade Fund Investor Shares was 22.68%, occurring on Oct 20, 2022. The portfolio has not yet recovered.

The current Vanguard Intermediate-Term Investment-Grade Fund Investor Shares drawdown is 6.69%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-22.68%Dec 29, 2020457Oct 20, 2022
-14.75%Jan 23, 2008197Oct 31, 2008179Jul 21, 2009376
-9.17%Mar 9, 202012Mar 24, 202048Jun 2, 202060
-7.56%Feb 1, 199470May 9, 1994223Mar 16, 1995293
-6.47%Dec 7, 2012187Sep 5, 2013238Aug 15, 2014425

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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