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CUSIP
922020763
Issuer
Vanguard
Inception Date
Oct 12, 2021
Min. Investment
$50,000
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

VMSAX Performance Chart

Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) is up 1.3% since the beginning of the year. VMSAX is currently trading at $18 per share.


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S&P 500 Index

Returns By Period

Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) has returned 1.30% so far this year and 6.48% over the past 12 months.


Vanguard Multi-Sector Income Bond Fund Admiral Shares

1D
0.11%
1M
0.69%
YTD
1.30%
6M
1.52%
1Y
6.48%
3Y*
7.80%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VMSAX Monthly Returns History

Based on dividend-adjusted daily data since Feb 1, 2022, VMSAX's average daily return is +0.08%, while the average monthly return is +0.35%. At this rate, an investment would double in approximately 16.5 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +4.4%, while the worst month was Jun 2022 at -4.7%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.

On a daily basis, VMSAX closed higher 51% of trading days. The best single day was Dec 2, 2025 with a return of +121.3%, while the worst single day was Dec 1, 2025 at -54.8%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.32%0.69%-1.55%1.25%0.51%0.09%1.30%
20251.09%1.17%-0.38%0.22%0.89%1.69%0.39%1.24%0.77%0.50%0.65%0.50%9.08%
20240.01%-0.14%1.24%-1.30%1.50%0.80%1.97%1.67%1.46%-0.86%1.20%-0.81%6.86%
20233.37%-1.95%2.15%0.64%-0.82%0.88%1.13%-0.36%-1.70%-1.04%4.44%3.56%10.53%
2022-1.88%-1.61%-3.75%1.20%-4.67%4.31%-2.28%-4.14%1.26%3.62%-0.35%-8.42%

Benchmark Metrics

Vanguard Multi-Sector Income Bond Fund Admiral Shares has an annualized alpha of 18.78%, beta of 0.17, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 01, 2022.

  • This fund participated in 37.63% of S&P 500 Index downside but only 28.56% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.17 may look defensive, but with R2 of 0.00 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 0.00 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
18.78%
Beta
0.17
0.00
Upside Capture
28.56%
Downside Capture
37.63%

Expense Ratio

VMSAX has an expense ratio of 0.30%, placing it in the medium range.


Return for Risk

Risk / Return Rank

VMSAX ranks 25 for risk / return — below 25% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


VMSAX Risk / Return Rank: 2525
Overall Rank
VMSAX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
VMSAX Sortino Ratio Rank: 1212
Sortino Ratio Rank
VMSAX Omega Ratio Rank: 9898
Omega Ratio Rank
VMSAX Calmar Ratio Rank: 33
Calmar Ratio Rank
VMSAX Martin Ratio Rank: 77
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX) 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.


VMSAXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-1.98

Sortino ratioReturn per unit of downside risk

-1.42

Omega ratioGain probability vs. loss probability

2.10

1.37

+0.73

Calmar ratioReturn relative to maximum drawdown

0.12

2.78

-2.66

Martin ratioReturn relative to average drawdown

1.90

12.44

-10.54

Dividends

Dividend History

Vanguard Multi-Sector Income Bond Fund Admiral Shares provided a 5.54% dividend yield over the last twelve months, with an annual payout of $1.02 per share.


4.00%4.50%5.00%5.50%6.00%6.50%$0.00$0.20$0.40$0.60$0.80$1.00$1.202022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022
Dividend$1.02$1.05$1.16$0.99$0.65

Dividend yield

5.54%5.66%6.48%5.52%3.76%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Multi-Sector Income Bond Fund Admiral Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.09$0.07$0.09$0.08$0.09$0.42
2025$0.10$0.08$0.09$0.09$0.09$0.09$0.09$0.09$0.07$0.08$0.08$0.09$1.05
2024$0.09$0.09$0.09$0.09$0.09$0.09$0.09$0.09$0.09$0.18$0.09$0.09$1.16
2023$0.06$0.07$0.08$0.08$0.09$0.08$0.09$0.09$0.08$0.09$0.08$0.09$0.99
2022$0.04$0.05$0.05$0.06$0.06$0.06$0.06$0.06$0.07$0.07$0.07$0.65

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 Multi-Sector Income Bond 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 Multi-Sector Income Bond Fund Admiral Shares was 54.84%, occurring on Dec 1, 2025. Recovery took 2 trading sessions.

The current Vanguard Multi-Sector Income Bond Fund Admiral Shares drawdown is 0.16%.


Related event

Drawdown

Fall

Recovery

Underwater

2025 bear market2025
-54.84%Dec 2025
0s2d
2dDec 2025 - Dec 2025
Bear market2022
-13.05%Oct 2022
8mo 19d1y 1mo
1y 10moFeb 2022 - Dec 2023
2025 selloff2025
-2.75%Apr 2025
1mo 8d1mo 1d
2mo 9dMar 2025 - May 2025
2026 pullback2026
-2.25%Mar 2026
28d21d
1mo 19dFeb 2026 - Apr 2026
2024 pullback2024
-1.96%Apr 2024
19d29d
1mo 18dMar 2024 - May 2024

Drawdown Indicators


VMSAXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-54.84%

-56.78%

+1.94%

Max Drawdown (1Y)

Largest decline over 1 year

-54.84%

-9.10%

-45.74%

Max Drawdown (3Y)

Largest decline over 3 years

-54.84%

-18.90%

-35.94%

Max Drawdown (5Y)

Largest decline over 5 years

-25.43%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-0.16%

-1.80%

+1.64%

Average Drawdown

Average peak-to-trough decline

-3.06%

-10.71%

+7.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.49%

2.03%

+1.46%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

Build a portfolio with VMSAX

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