- ISIN
- US92206C6075
- CUSIP
- 92206C607
- Issuer
- Vanguard
- Inception Date
- Nov 18, 2010
- Category
- Corporate Bonds
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $51B
Share Price Chart
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Performance
VSCSX Performance Chart
Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) is up 0.7% since the beginning of the year. VSCSX is currently trading at $21 per share. Investors who bought $1,000 worth of VSCSX shares 5 years ago would now be looking at an investment worth $1,128.
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Returns By Period
Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) has returned 0.71% so far this year and 4.24% over the past 12 months. Over the last ten years, VSCSX has returned 2.71% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard Short-Term Corporate Bond Index Fund Admiral Shares
- 1D
- 0.14%
- 1M
- 0.33%
- YTD
- 0.71%
- 6M
- 0.89%
- 1Y
- 4.24%
- 3Y*
- 5.72%
- 5Y*
- 2.43%
- 10Y*
- 2.71%
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%
VSCSX Monthly Returns History
Based on dividend-adjusted daily data since Nov 19, 2009, VSCSX's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +2.9%, while the worst month was Mar 2020 at -4.0%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VSCSX closed higher 46% of trading days. The best single day was Mar 26, 2020 with a return of +1.1%, while the worst single day was Mar 19, 2020 at -1.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.37% | 0.60% | -0.86% | 0.37% | 0.27% | -0.05% | 0.71% | ||||||
| 2025 | 0.55% | 0.94% | 0.41% | 0.68% | 0.19% | 0.93% | 0.14% | 1.06% | 0.41% | 0.37% | 0.55% | 0.33% | 6.75% |
| 2024 | 0.49% | -0.51% | 0.61% | -0.59% | 1.06% | 0.52% | 1.59% | 1.14% | 1.03% | -0.58% | 0.68% | -0.16% | 5.36% |
| 2023 | 1.64% | -1.23% | 1.33% | 0.67% | -0.37% | -0.23% | 0.65% | 0.08% | -0.54% | -0.04% | 2.30% | 1.75% | 6.11% |
| 2022 | -1.19% | -0.80% | -1.76% | -1.42% | 0.82% | -1.37% | 1.52% | -1.25% | -2.18% | -0.30% | 2.14% | 0.03% | -5.72% |
| 2021 | 0.02% | -0.27% | -0.35% | 0.53% | 0.35% | -0.10% | 0.35% | -0.06% | -0.23% | -0.50% | -0.24% | 0.07% | -0.43% |
Benchmark Metrics
Vanguard Short-Term Corporate Bond Index Fund Admiral Shares has an annualized alpha of 2.93%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 19, 2009.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.78%) than losses (4.14%) - typical of diversified or defensive assets.
- Beta of -0.00 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
- 2.93%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 10.78%
- Downside Capture
- 4.14%
Expense Ratio
VSCSX has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
VSCSX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) 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.
| VSCSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.78 | +0.41 |
| Martin ratioReturn relative to average drawdown | 12.53 | 12.44 | +0.09 |
Dividends
Dividend History
Vanguard Short-Term Corporate Bond Index Fund Admiral Shares provided a 4.42% dividend yield over the last twelve months, with an annual payout of $0.95 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 | $0.95 | $0.94 | $0.91 | $0.65 | $0.41 | $0.39 | $0.51 | $0.63 | $0.56 | $0.49 | $0.42 | $0.47 |
Dividend yield | 4.42% | 4.32% | 4.27% | 3.07% | 1.98% | 1.78% | 2.25% | 2.85% | 2.66% | 2.26% | 1.93% | 2.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Short-Term Corporate Bond Index 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 | $0.00 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.39 | ||||||
| 2025 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.94 |
| 2024 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.14 | $0.07 | $0.08 | $0.91 |
| 2023 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.65 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.41 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.39 |
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 Corporate Bond Index 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 Corporate Bond Index Fund Admiral Shares was 9.36%, occurring on Oct 20, 2022. Recovery took 393 trading sessions.
The current Vanguard Short-Term Corporate Bond Index Fund Admiral Shares drawdown is 0.26%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -9.36%Oct 2022 | 1y 2mo | 1y 6mo | 2y 9moAug 2021 - May 2024 |
COVID crash2020 | -7.49%Mar 2020 | 18d | 2mo 13d | 3mo 1dMar 2020 - Jun 2020 |
2010 pullback2010 | -2.43%Dec 2010 | 1mo 23d | 4mo 6d | 5mo 29dNov 2010 - May 2011 |
2011 pullback2011 | -2.28%Oct 2011 | 2mo 6d | 3mo 12d | 5mo 18dAug 2011 - Jan 2012 |
2013 pullback2013 | -2.00%Jun 2013 | 1mo 23d | 3mo 29d | 5mo 22dMay 2013 - Oct 2013 |
Drawdown Indicators
| VSCSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.36% | -56.78% | +47.42% |
Max Drawdown (1Y)Largest decline over 1 year | -1.36% | -9.10% | +7.74% |
Max Drawdown (3Y)Largest decline over 3 years | -1.36% | -18.90% | +17.54% |
Max Drawdown (5Y)Largest decline over 5 years | -9.36% | -25.43% | +16.07% |
Max Drawdown (10Y)Largest decline over 10 years | -9.36% | -33.92% | +24.56% |
Current DrawdownCurrent decline from peak | -0.26% | -1.80% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -0.97% | -10.71% | +9.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 2.03% | -1.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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