- ISIN
- US9220318367
- CUSIP
- 922031836
- Issuer
- Vanguard
- Inception Date
- Feb 12, 2001
- Category
- Total Bond Market
- Min. Investment
- $50,000
- Index Tracked
- Bloomberg U.S. 1-5 Year Credit Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $56B
Share Price Chart
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Performance
VFSUX Performance Chart
Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX) is up 0.5% since the beginning of the year. VFSUX is currently trading at $10 per share. Investors who bought $1,000 worth of VFSUX shares 5 years ago would now be looking at an investment worth $1,119.
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Returns By Period
Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX) has returned 0.54% so far this year and 2.80% over the past 12 months. Over the last ten years, VFSUX has returned 2.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Vanguard Short-Term Investment-Grade Fund Admiral Shares
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- 0.16%
- YTD
- 0.54%
- 1Y
- 2.80%
- 3Y*
- 5.37%
- 5Y*
- 2.28%
- 10Y*
- 2.52%
- ALL TIME*
- 3.09%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
VFSUX Monthly Returns History
Based on dividend-adjusted daily data since Feb 12, 2001, VFSUX's average daily return is +0.01%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 70% of months were positive and 30% 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 15 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VFSUX 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.39% | 0.66% | -0.84% | 0.40% | 0.31% | 0.11% | -0.48% | 0.54% | |||||
| 2025 | 0.57% | 0.95% | 0.47% | 0.68% | 0.20% | 0.97% | 0.11% | 1.07% | 0.49% | 0.29% | 0.57% | 0.29% | 6.87% |
| 2024 | 0.41% | -0.46% | 0.73% | -0.65% | 1.05% | 0.55% | 1.64% | 1.04% | 1.03% | -0.88% | 0.65% | -0.12% | 5.08% |
| 2023 | 1.62% | -1.27% | 1.54% | 0.65% | -0.43% | -0.33% | 0.68% | 0.19% | -0.51% | -0.10% | 2.23% | 1.80% | 6.17% |
| 2022 | -1.18% | -0.81% | -1.86% | -1.30% | 0.75% | -1.30% | 1.46% | -1.30% | -2.01% | -0.32% | 1.94% | 0.11% | -5.75% |
| 2021 | -0.09% | -0.36% | -0.31% | 0.51% | 0.32% | -0.15% | 0.41% | -0.04% | -0.22% | -0.50% | -0.23% | 0.04% | -0.62% |
Benchmark Metrics
Vanguard Short-Term Investment-Grade Fund Admiral Shares has an annualized alpha of 3.24%, beta of -0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since February 12, 2001.
- This fund captured 10.21% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.21%) - 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.
- Alpha
- 3.24%
- Beta
- -0.01
- R²
- 0.01
- Upside Capture
- 10.21%
- Downside Capture
- -1.21%
Expense Ratio
VFSUX has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
VFSUX ranks 68 for risk / return — above 68% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Vanguard Short-Term Investment-Grade Fund Admiral Shares (VFSUX) 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.
| VFSUX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.25 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 2.00 | +0.18 |
| Martin ratioReturn relative to average drawdown | 8.17 | 8.49 | -0.32 |
Dividends
Dividend History
Vanguard Short-Term Investment-Grade Fund Admiral Shares provided a 4.36% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.48 | $0.43 | $0.32 | $0.20 | $0.19 | $0.26 | $0.31 | $0.29 | $0.22 | $0.23 | $0.22 |
Dividend yield | 4.36% | 4.59% | 4.16% | 3.14% | 2.03% | 1.79% | 2.34% | 2.92% | 2.79% | 2.11% | 2.14% | 2.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Short-Term Investment-Grade 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.25 | |||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.19 |
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 Short-Term Investment-Grade 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 Short-Term Investment-Grade Fund Admiral Shares was 9.24%, occurring on Oct 20, 2022. Recovery took 393 trading sessions.
The current Vanguard Short-Term Investment-Grade Fund Admiral Shares drawdown is 0.58%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-9.24%Oct 2022 | 1y 2mo | 1y 6mo | 2y 9moAug 2021 - May 2024 | Bear market2022 |
-8.22%Nov 2008 | 8mo 25d | 6mo 6d | 1y 2moMar 2008 - May 2009 | Financial crisis2007–2009 |
-6.14%Mar 2020 | 15d | 2mo 6d | 2mo 21dMar 2020 - May 2020 | COVID crash2020 |
-2.36%Dec 2001 | 1mo 9d | 5mo 15d | 6mo 24dNov 2001 - May 2002 | Dot-com crash2000–2002 |
-2.02%Jun 2004 | 2mo 14d | 2mo 18d | 5mo 2dApr 2004 - Aug 2004 | — |
Drawdown Indicators
| VFSUX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.24% | -56.78% | +47.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.71% | -9.10% | +7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -1.71% | -18.90% | +17.19% |
Max Drawdown (5Y)Largest decline over 5 years | -9.24% | -25.43% | +16.19% |
Max Drawdown (10Y)Largest decline over 10 years | -9.24% | -33.92% | +24.68% |
Current DrawdownCurrent decline from peak | -0.58% | -1.58% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -0.87% | -10.70% | +9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 2.14% | -1.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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