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Vanguard Short-Term Federal Fund Investor Shares (...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US9220316049

CUSIP

922031604

Issuer

Vanguard

Inception Date

Dec 31, 1987

Min. Investment

$3,000

Asset Class

Bond

Expense Ratio

VSGBX has an expense ratio of 0.20%, which is considered low.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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Returns By Period

Vanguard Short-Term Federal Fund Investor Shares (VSGBX) returned 1.56% year-to-date (YTD) and 5.49% over the past 12 months. Over the past 10 years, VSGBX returned 1.48% annually, underperforming the S&P 500 benchmark at 10.77%.


VSGBX

YTD

1.56%

1M

-0.00%

6M

2.35%

1Y

5.49%

5Y*

0.97%

10Y*

1.48%

^GSPC (Benchmark)

YTD

0.08%

1M

9.75%

6M

-1.63%

1Y

12.74%

5Y*

15.66%

10Y*

10.77%

*Annualized

Monthly Returns

The table below presents the monthly returns of VSGBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.49%0.97%0.49%0.49%-0.87%1.56%
20240.48%-0.51%0.50%-0.69%0.92%0.58%1.39%0.99%0.87%-0.89%0.48%-0.01%4.17%
20231.24%-1.14%1.17%0.37%-0.32%-0.63%0.29%0.30%-0.50%0.00%1.52%1.49%3.82%
2022-0.78%-0.50%-1.63%-0.90%0.75%-0.76%0.62%-0.97%-1.64%-0.46%0.94%-0.06%-5.31%
20210.12%-0.04%-0.28%0.24%0.14%-0.14%0.22%-0.06%-0.16%-0.43%0.03%-0.21%-0.58%
20200.74%1.00%0.73%0.16%0.49%0.36%0.10%0.20%0.07%0.05%0.13%0.24%4.35%
20190.38%0.08%0.86%0.13%0.82%0.53%0.00%1.02%-0.21%0.27%-0.03%0.17%4.10%
2018-0.54%-0.06%0.24%-0.23%0.35%0.07%-0.11%0.46%-0.21%0.08%0.37%0.86%1.27%
20170.18%0.18%-0.13%0.21%0.19%-0.17%0.39%0.20%-0.27%0.02%-0.26%0.03%0.56%
20160.82%0.17%0.28%-0.01%-0.09%0.74%0.01%-0.17%0.27%-0.09%-0.75%-0.03%1.14%
20150.62%-0.31%0.25%0.06%-0.02%-0.11%0.17%0.07%0.45%-0.20%-0.20%-0.11%0.66%
20140.43%0.14%-0.23%0.23%0.33%-0.05%-0.14%0.14%-0.04%0.34%0.24%-0.21%1.18%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 94, VSGBX is among the top 6% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of VSGBX is 9494
Overall Rank
The Sharpe Ratio Rank of VSGBX is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of VSGBX is 9595
Sortino Ratio Rank
The Omega Ratio Rank of VSGBX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of VSGBX is 9494
Calmar Ratio Rank
The Martin Ratio Rank of VSGBX is 9595
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Vanguard Short-Term Federal Fund Investor Shares (VSGBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Vanguard Short-Term Federal Fund Investor Shares Sharpe ratios as of May 14, 2025 (values are recalculated daily):

  • 1-Year: 2.25
  • 5-Year: 0.39
  • 10-Year: 0.71
  • All Time: 1.59

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Vanguard Short-Term Federal Fund Investor Shares compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

Vanguard Short-Term Federal Fund Investor Shares provided a 3.43% dividend yield over the last twelve months, with an annual payout of $0.35 per share. The fund has been increasing its distributions for 3 consecutive years.


0.00%1.00%2.00%3.00%4.00%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.35$0.35$0.34$0.17$0.05$0.14$0.25$0.20$0.14$0.12$0.09$0.07

Dividend yield

3.43%3.48%3.32%1.66%0.48%1.30%2.31%1.91%1.30%1.08%0.87%0.61%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard Short-Term Federal Fund Investor Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.00$0.12
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2023$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
2022$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.17
2021$0.00$0.01$0.01$0.01$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.01$0.05
2020$0.02$0.02$0.02$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.14
2019$0.02$0.02$0.02$0.02$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.25
2018$0.01$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.20
2017$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.14
2016$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.12
2015$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.09
2014$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.07

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 Federal Fund Investor 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 Federal Fund Investor Shares was 7.42%, occurring on Oct 20, 2022. Recovery took 445 trading sessions.

The current Vanguard Short-Term Federal Fund Investor Shares drawdown is 0.87%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-7.42%Jun 11, 2021344Oct 20, 2022445Jul 31, 2024789
-3.73%Oct 4, 2012230Sep 5, 2013646Mar 31, 2016876
-3.48%Feb 1, 199470May 9, 1994202Feb 15, 1995272
-2.78%Nov 5, 201065Feb 8, 2011126Aug 9, 2011191
-2.63%Dec 2, 200920Dec 30, 2009146Jul 30, 2010166

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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