Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX)

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Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) is up 0.7% since the beginning of the year. VFSIX is currently trading at $10 per share. Investors who bought $1,000 worth of VFSIX shares 5 years ago would now be looking at an investment worth $1,122.

Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) has returned 0.73% so far this year and 5.03% over the past 12 months. Over the last ten years, VFSIX has returned 2.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.33% annually.

Based on dividend-adjusted daily data since Sep 30, 1997, VFSIX's average daily return is +0.01%, while the average monthly return is +0.30%. At this rate, an investment would double in approximately 19.3 years.

Historically, 73% of months were positive and 27% were negative. The best month was May 2009 with a return of +2.8%, while the worst month was Sep 2008 at -3.5%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 4 months.

On a daily basis, VFSIX closed higher 33% of trading days. The best single day was Sep 29, 2008 with a return of +1.1%, while the worst single day was Sep 16, 2008 at -1.2%.

Vanguard Short-Term Investment-Grade Fund Institutional Shares has an annualized alpha of 3.80%, beta of -0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 01, 1997.

• This fund captured 10.59% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.45%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.01 may look defensive, but with R2 of 0.01 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 0.01 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.

VFSIX has an expense ratio of 0.07%, which is considered low.

VFSIX ranks 59 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Vanguard Short-Term Investment-Grade Fund Institutional Shares (VFSIX) and compare them to S&P 500 Index.

Vanguard Short-Term Investment-Grade Fund Institutional Shares provided a 4.74% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Vanguard Short-Term Investment-Grade Fund Institutional Shares. 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 Short-Term Investment-Grade Fund Institutional 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 Short-Term Investment-Grade Fund Institutional Shares was 9.21%, occurring on Oct 20, 2022. Recovery took 405 trading sessions.

The current Vanguard Short-Term Investment-Grade Fund Institutional Shares drawdown is 0.32%.

The chart below shows the rolling one-month volatility.