Vanguard Institutional Intermediate-Term Bond Fund (VIITX)

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Vanguard Institutional Intermediate-Term Bond Fund (VIITX) is up 0.5% since the beginning of the year. VIITX is currently trading at $21 per share. Investors who bought $1,000 worth of VIITX shares 5 years ago would now be looking at an investment worth $1,075.

Vanguard Institutional Intermediate-Term Bond Fund (VIITX) has returned 0.52% so far this year and 4.92% over the past 12 months.

Based on dividend-adjusted daily data since Nov 3, 2015, VIITX's average daily return is +0.01%, while the average monthly return is +0.19%. At this rate, an investment would double in approximately 30.4 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +3.1%, while the worst month was Sep 2022 at -2.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 9 months.

On a daily basis, VIITX closed higher 47% of trading days. The best single day was Nov 10, 2022 with a return of +1.4%, while the worst single day was Jun 13, 2022 at -1.1%.

Vanguard Institutional Intermediate-Term Bond Fund has an annualized alpha of 4.06%, beta of 0.05, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since November 04, 2015.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.91%) than losses (0.03%) - typical of diversified or defensive assets.
• Beta of 0.05 may look defensive, but with R2 of 0.06 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 0.06 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.

VIITX has an expense ratio of 0.02%, which is considered low.

VIITX ranks 45 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 Institutional Intermediate-Term Bond Fund (VIITX) and compare them to S&P 500 Index.

Vanguard Institutional Intermediate-Term Bond Fund provided a 4.57% dividend yield over the last twelve months, with an annual payout of $0.98 per share.

The table displays the monthly dividend distributions for Vanguard Institutional Intermediate-Term Bond Fund. 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 Institutional Intermediate-Term Bond Fund. 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 Institutional Intermediate-Term Bond Fund was 11.86%, occurring on Oct 20, 2022. Recovery took 471 trading sessions.

The current Vanguard Institutional Intermediate-Term Bond Fund drawdown is 0.91%.

The chart below shows the rolling one-month volatility.