- ISIN
- US9229076966
- CUSIP
- 922907696
- Issuer
- Vanguard
- Inception Date
- Nov 21, 2024
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
VSDM Performance Chart
Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) is up 1.4% since the beginning of the year. VSDM is currently trading at $77 per share.
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Returns By Period
Vanguard Short Duration Tax-Exempt Bond ETF (VSDM) has returned 1.37% so far this year and 4.62% over the past 12 months.
Vanguard Short Duration Tax-Exempt Bond ETF
- 1D
- 0.00%
- 1M
- 0.75%
- YTD
- 1.37%
- 6M
- 1.53%
- 1Y
- 4.62%
- 3Y*
- —
- 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%
VSDM Monthly Returns History
Based on dividend-adjusted daily data since Nov 21, 2024, VSDM's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 80% of months were positive and 20% were negative. The best month was Feb 2025 with a return of +0.9%, while the worst month was Mar 2026 at -1.2%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 2 months.
On a daily basis, VSDM closed higher 59% of trading days. The best single day was Apr 14, 2025 with a return of +0.4%, while the worst single day was Apr 8, 2025 at -1.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.74% | 0.82% | -1.24% | 0.52% | 0.28% | 0.26% | 1.37% | ||||||
| 2025 | 0.61% | 0.85% | -0.23% | -0.29% | 0.67% | 0.85% | 0.54% | 0.76% | 0.77% | 0.13% | 0.23% | 0.36% | 5.39% |
| 2024 | 0.37% | -0.47% | -0.10% |
Benchmark Metrics
Vanguard Short Duration Tax-Exempt Bond ETF has an annualized alpha of 4.07%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 21, 2024.
- This ETF captured 12.96% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.26%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.01 may look defensive, but with R2 of 0.01 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 0.01 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
- 4.07%
- Beta
- 0.01
- R²
- 0.01
- Upside Capture
- 12.96%
- Downside Capture
- -0.26%
Expense Ratio
VSDM has an expense ratio of 0.12%, which is considered low.
Return for Risk
Risk / Return Rank
VSDM ranks 83 for risk / return — in the top 83% of ETFs 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 Short Duration Tax-Exempt Bond ETF (VSDM) 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.
| VSDM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.38 | ||
| Sortino ratioReturn per unit of downside risk | +2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.84 | 1.37 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 2.78 | +0.39 |
| Martin ratioReturn relative to average drawdown | 11.07 | 12.44 | -1.37 |
Dividends
Dividend History
Vanguard Short Duration Tax-Exempt Bond ETF provided a 3.10% dividend yield over the last twelve months, with an annual payout of $2.37 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $2.37 | $2.34 | $0.26 |
Dividend yield | 3.10% | 3.06% | 0.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Short Duration Tax-Exempt Bond ETF. 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 | $0.19 | $0.20 | $0.20 | $0.20 | $0.20 | $0.98 | ||||||
| 2025 | $0.00 | $0.20 | $0.20 | $0.16 | $0.19 | $0.20 | $0.19 | $0.19 | $0.20 | $0.20 | $0.20 | $0.41 | $2.34 |
| 2024 | $0.26 | $0.26 |
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 Duration Tax-Exempt Bond 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 Short Duration Tax-Exempt Bond ETF was 1.81%, occurring on Apr 11, 2025. Recovery took 42 trading sessions.
The current Vanguard Short Duration Tax-Exempt Bond ETF drawdown is 0.19%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -1.81%Apr 2025 | 4d | 2mo 2d | 2mo 6dApr 2025 - Jun 2025 |
2026 pullback2026 | -1.46%Mar 2026 | 22d | — | 3mo 23dMar 2026 - now |
2024 pullback2024 | -0.95%Dec 2024 | 10d | 1mo 16d | 1mo 26dDec 2024 - Feb 2025 |
2025 selloff2025 | -0.54%Mar 2025 | 29d | 7d | 1mo 6dFeb 2025 - Apr 2025 |
2025 pullback2025 | -0.47%Sep 2025 | 9d | 20d | 29dSep 2025 - Oct 2025 |
Drawdown Indicators
| VSDM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.81% | -56.78% | +54.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -9.10% | +7.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.19% | -1.80% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -0.32% | -10.71% | +10.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 2.03% | -1.61% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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