- ISIN
- US9220208626
- Issuer
- Vanguard
- Inception Date
- Jun 19, 2015
- Category
- Short-Term Bond
- Min. Investment
- $10,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
VISTX Performance Chart
Vanguard Institutional Short-Term Bond Fund (VISTX) is up 0.9% since the beginning of the year. VISTX is currently trading at $13 per share. Investors who bought $1,000 worth of VISTX shares 5 years ago would now be looking at an investment worth $1,133.
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Returns By Period
Vanguard Institutional Short-Term Bond Fund (VISTX) has returned 0.89% so far this year and 4.28% over the past 12 months.
Vanguard Institutional Short-Term Bond Fund
- 1D
- 0.08%
- 1M
- 0.07%
- YTD
- 0.89%
- 6M
- 1.34%
- 1Y
- 4.28%
- 3Y*
- 5.14%
- 5Y*
- 2.52%
- 10Y*
- 2.46%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VISTX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, VISTX's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 71% of months were positive and 29% were negative. The best month was Nov 2023 with a return of +1.3%, while the worst month was Mar 2022 at -1.2%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 8 months.
On a daily basis, VISTX closed higher 32% of trading days. The best single day was Mar 13, 2023 with a return of +0.8%, while the worst single day was Jun 13, 2022 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.30% | 0.58% | -0.56% | 0.37% | 0.20% | 0.00% | 0.89% | ||||||
| 2025 | 0.46% | 0.75% | 0.40% | 0.60% | 0.01% | 0.76% | 0.01% | 0.91% | 0.44% | 0.31% | 0.51% | 0.37% | 5.68% |
| 2024 | 0.54% | -0.24% | 0.47% | -0.23% | 0.72% | 0.55% | 1.26% | 0.93% | 0.82% | -0.07% | 0.45% | 0.24% | 5.56% |
| 2023 | 0.95% | -0.67% | 1.30% | 0.38% | -0.22% | -0.37% | 0.58% | 0.27% | -0.12% | 0.22% | 1.31% | 1.26% | 4.98% |
| 2022 | -0.72% | -0.51% | -1.23% | -0.72% | 0.56% | -0.61% | 0.53% | -0.66% | -1.13% | -0.33% | 0.75% | 0.31% | -3.73% |
| 2021 | 0.24% | -0.05% | -0.12% | 0.16% | 0.16% | -0.06% | 0.16% | 0.01% | -0.07% | -0.35% | -0.07% | -0.06% | -0.04% |
Benchmark Metrics
Vanguard Institutional Short-Term Bond Fund has an annualized alpha of 4.17%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since January 05, 2016.
- This fund captured 11.40% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -7.30%) - 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
- 4.17%
- Beta
- 0.01
- R²
- 0.01
- Upside Capture
- 11.40%
- Downside Capture
- -7.30%
Expense Ratio
VISTX has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
VISTX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Institutional Short-Term Bond Fund (VISTX) and compare them to S&P 500 Index.
| VISTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.72 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.81 | — | — |
| Martin ratioReturn relative to average drawdown | 20.19 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Vanguard Institutional Short-Term Bond Fund provided a 4.46% dividend yield over the last twelve months, with an annual payout of $0.59 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.59 | $0.60 | $0.66 | $0.51 | $0.23 | $0.25 | $0.33 | $0.38 | $0.32 | $0.24 | $0.21 |
Dividend yield | 4.46% | 4.53% | 5.03% | 3.91% | 1.76% | 1.85% | 2.33% | 2.72% | 2.32% | 1.78% | 1.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Institutional Short-Term Bond Fund. 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 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.24 | ||||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.60 |
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.10 | $0.05 | $0.05 | $0.66 |
| 2023 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.51 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.23 |
| 2021 | $0.03 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 | $0.25 |
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 Institutional Short-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 Short-Term Bond Fund was 5.64%, occurring on Nov 3, 2022. Recovery took 279 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -5.64%Nov 2022 | 1y 29d | 1y 1mo | 2y 2moOct 2021 - Dec 2023 |
COVID crash2020 | -2.71%Mar 2020 | 15d | 1mo 25d | 2mo 10dMar 2020 - May 2020 |
2026 pullback2026 | -0.86%Mar 2026 | 24d | 2mo 4d | 2mo 28dMar 2026 - May 2026 |
2016 pullback2016 | -0.74%Dec 2016 | 1mo 8d | 2mo 11d | 3mo 19dNov 2016 - Feb 2017 |
2024 pullback2024 | -0.68%Oct 2024 | 9d | 1mo 17d | 1mo 26dSep 2024 - Nov 2024 |
Drawdown Indicators
| VISTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.64% | -9.10% | +3.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.86% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.64% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.64% | — | — |
Current DrawdownCurrent decline from peak | -0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -0.69% | -1.13% | +0.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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