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Vanguard Canadian Short-Term Corporate Bond Index ...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

CUSIP
92203N101
Issuer
Vanguard
Inception Date
Nov 2, 2012
Leveraged
1x (No leverage)
Index Tracked
Bloomberg Global Aggregate Canadian 1-5 Year Corporate Float Adjusted Index
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of CA$10,000 in Vanguard Canadian Short-Term Corporate Bond Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Different Benchmark Currency

VSC.TO is traded in CAD, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to CAD using the latest available exchange rates.

Returns By Period

Vanguard Canadian Short-Term Corporate Bond Index ETF (VSC.TO) has returned 0.10% so far this year and 3.13% over the past 12 months. Over the last ten years, VSC.TO has returned 2.72% per year, falling short of the S&P 500 Index benchmark, which averaged 12.91% annually.


Vanguard Canadian Short-Term Corporate Bond Index ETF

1D
0.00%
1M
-0.91%
YTD
0.10%
6M
0.61%
1Y
3.13%
3Y*
5.38%
5Y*
2.64%
10Y*
2.72%

Benchmark (S&P 500 Index)

1D
2.80%
1M
-3.22%
YTD
-3.34%
6M
-2.48%
1Y
12.46%
3Y*
17.80%
5Y*
12.48%
10Y*
12.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Nov 8, 2012, VSC.TO's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, your investment would double in approximately 26.3 years.

Historically, 72% of months were positive and 28% were negative. The best month was Apr 2020 with a return of +4.2%, while the worst month was Mar 2020 at -4.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.

On a daily basis, VSC.TO closed higher 48% of trading days. The best single day was Mar 19, 2020 with a return of +5.7%, while the worst single day was Mar 18, 2020 at -9.7%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.54%0.49%-0.91%0.00%0.10%
20250.79%0.44%0.32%0.19%0.37%0.38%0.15%0.52%0.87%0.43%0.15%-0.07%4.63%
2024-0.21%0.24%0.60%-0.50%1.02%0.73%1.65%0.63%1.27%-0.02%0.72%0.39%6.69%
20231.61%-0.62%0.95%0.76%-0.89%-0.18%0.04%0.30%-0.35%0.79%2.15%2.04%6.75%
2022-1.10%-0.40%-1.85%-1.24%0.22%-1.00%1.59%-1.48%-0.39%-0.03%1.24%0.18%-4.23%
20210.08%-0.79%0.04%0.28%0.04%-0.14%0.37%0.10%-0.24%-1.10%0.01%0.40%-0.97%

Benchmark Metrics

Vanguard Canadian Short-Term Corporate Bond Index ETF has an annualized alpha of 1.95%, beta of 0.06, and R² of 0.04 versus S&P 500 Index. Calculated based on daily prices since November 09, 2012.

  • This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.12%) than losses (5.68%) — typical of diversified or defensive assets.
  • Beta of 0.06 may look defensive, but with R² of 0.04 this ETF 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 ETF's risk.
  • R² of 0.04 means this ETF 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
1.95%
Beta
0.06
0.04
Upside Capture
11.12%
Downside Capture
5.68%

Expense Ratio

VSC.TO has an expense ratio of 0.11%, which is considered low.


Return for Risk

Risk / Return Rank

VSC.TO ranks 78 for risk / return — better than 78% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


VSC.TO Risk / Return Rank: 7878
Overall Rank
VSC.TO Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
VSC.TO Sortino Ratio Rank: 7979
Sortino Ratio Rank
VSC.TO Omega Ratio Rank: 7777
Omega Ratio Rank
VSC.TO Calmar Ratio Rank: 7575
Calmar Ratio Rank
VSC.TO Martin Ratio Rank: 7878
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 Canadian Short-Term Corporate Bond Index ETF (VSC.TO) and compare them to a chosen benchmark (S&P 500 Index).


VSC.TOBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.53

0.69

+0.84

Sortino ratio

Return per unit of downside risk

2.09

1.06

+1.03

Omega ratio

Gain probability vs. loss probability

1.30

1.17

+0.14

Calmar ratio

Return relative to maximum drawdown

2.05

1.14

+0.91

Martin ratio

Return relative to average drawdown

8.67

4.22

+4.46

Explore VSC.TO risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Vanguard Canadian Short-Term Corporate Bond Index ETF provided a 3.97% dividend yield over the last twelve months, with an annual payout of CA$0.96 per share. The fund has been increasing its distributions for 4 consecutive years.


2.60%2.80%3.00%3.20%3.40%3.60%CA$0.00CA$0.20CA$0.40CA$0.60CA$0.8020152016201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018201720162015
DividendCA$0.96CA$0.88CA$0.85CA$0.74CA$0.64CA$0.63CA$0.66CA$0.66CA$0.66CA$0.67CA$0.71CA$0.76

Dividend yield

3.97%3.61%3.54%3.14%2.85%2.59%2.64%2.71%2.77%2.75%2.89%3.05%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Canadian Short-Term Corporate Bond Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026CA$0.00CA$0.10CA$0.07CA$0.08CA$0.24
2025CA$0.00CA$0.10CA$0.07CA$0.08CA$0.07CA$0.07CA$0.08CA$0.08CA$0.07CA$0.08CA$0.08CA$0.12CA$0.88
2024CA$0.09CA$0.07CA$0.00CA$0.06CA$0.08CA$0.07CA$0.07CA$0.08CA$0.07CA$0.07CA$0.08CA$0.12CA$0.85
2023CA$0.07CA$0.05CA$0.07CA$0.05CA$0.07CA$0.06CA$0.06CA$0.07CA$0.06CA$0.07CA$0.06CA$0.05CA$0.74
2022CA$0.06CA$0.04CA$0.06CA$0.05CA$0.05CA$0.06CA$0.05CA$0.06CA$0.05CA$0.05CA$0.06CA$0.04CA$0.64
2021CA$0.06CA$0.05CA$0.06CA$0.06CA$0.05CA$0.06CA$0.05CA$0.06CA$0.05CA$0.05CA$0.05CA$0.04CA$0.63

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 Canadian Short-Term Corporate Bond Index ETF. 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 Canadian Short-Term Corporate Bond Index ETF was 15.87%, occurring on Mar 18, 2020. Recovery took 53 trading sessions.

The current Vanguard Canadian Short-Term Corporate Bond Index ETF drawdown is 0.91%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-15.87%Mar 9, 20208Mar 18, 202053Jun 3, 202061
-7.77%Jan 21, 2021439Oct 20, 2022289Dec 13, 2023728
-1.79%May 19, 201781Sep 14, 2017305Nov 30, 2018386
-1.78%May 3, 201336Jun 24, 201384Oct 24, 2013120
-1.53%Mar 2, 202615Mar 20, 2026

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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