Share Price Chart
Loading graphics...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard Short-Term Investment-Grade Fund Investor Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Loading graphics...
Returns By Period
Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) has returned 6.62% so far this year and 33.62% over the past 12 months. Looking at the last ten years, VSMIX has achieved an annualized return of 15.58%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.
Vanguard Short-Term Investment-Grade Fund Investor Shares
- 1D
- -1.87%
- 1M
- -10.11%
- YTD
- 6.62%
- 6M
- 13.97%
- 1Y
- 33.62%
- 3Y*
- 24.68%
- 5Y*
- 17.55%
- 10Y*
- 15.58%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Aug 12, 2005, VSMIX's average daily return is +0.06%, while the average monthly return is +1.13%. At this rate, your investment would double in approximately 5.1 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +21.2%, while the worst month was Mar 2020 at -32.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VSMIX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +12.7%, while the worst single day was Mar 16, 2020 at -14.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.25% | 7.59% | -10.11% | 6.62% | |||||||||
| 2025 | 4.33% | -4.37% | -5.62% | -5.38% | 5.30% | 6.92% | 1.97% | 5.03% | 2.77% | -0.84% | 4.24% | 3.41% | 18.01% |
| 2024 | -1.31% | 4.93% | 8.27% | -3.05% | 5.89% | -2.39% | 5.09% | -0.38% | 1.72% | 0.00% | 10.77% | -5.82% | 24.82% |
| 2023 | 8.79% | -1.56% | -6.82% | 0.11% | -3.76% | 11.79% | 7.00% | -0.37% | -3.98% | -5.83% | 8.13% | 9.93% | 23.14% |
| 2022 | -0.45% | 6.34% | 2.86% | -8.02% | 4.23% | -12.04% | 8.25% | -1.93% | -10.56% | 16.39% | 6.47% | -3.19% | 4.58% |
| 2021 | 0.41% | 14.57% | 7.05% | 6.93% | 3.73% | -2.99% | -3.53% | 0.19% | 1.57% | 3.92% | -4.65% | 6.02% | 36.67% |
Benchmark Metrics
Vanguard Short-Term Investment-Grade Fund Investor Shares has an annualized alpha of 3.02%, beta of 1.13, and R² of 0.73 versus S&P 500 Index. Calculated based on daily prices since August 15, 2005.
- This fund captured 134.20% of S&P 500 Index gains and 117.11% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 3.02% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- With beta of 1.13 and R² of 0.73, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 3.02%
- Beta
- 1.13
- R²
- 0.73
- Upside Capture
- 134.20%
- Downside Capture
- 117.11%
Expense Ratio
VSMIX has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
VSMIX ranks 70 for risk / return — better than 70% 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 Investment-Grade Fund Investor Shares (VSMIX) and compare them to a chosen benchmark (S&P 500 Index).
| VSMIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.29 | 0.90 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.80 | 1.39 | +0.42 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.40 | +0.26 |
Martin ratioReturn relative to average drawdown | 6.43 | 6.61 | -0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore VSMIX 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 Short-Term Investment-Grade Fund Investor Shares provided a 8.00% dividend yield over the last twelve months, with an annual payout of $2.40 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.40 | $2.40 | $1.91 | $1.04 | $1.80 | $3.14 | $0.07 | $0.36 | $3.17 | $3.16 | $0.32 | $1.82 |
Dividend yield | 8.00% | 8.53% | 7.40% | 4.71% | 9.53% | 15.84% | 0.40% | 2.37% | 26.83% | 15.94% | 1.65% | 10.91% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Short-Term Investment-Grade Fund Investor 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 | $0.00 | $0.00 | $0.00 | |||||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.40 | $2.40 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.91 | $1.91 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 | $1.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $1.80 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.14 | $3.14 |
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.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Short-Term Investment-Grade 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 Investment-Grade Fund Investor Shares was 57.53%, occurring on Mar 23, 2020. Recovery took 183 trading sessions.
The current Vanguard Short-Term Investment-Grade Fund Investor Shares drawdown is 11.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -57.53% | Jan 29, 2018 | 541 | Mar 23, 2020 | 183 | Dec 10, 2020 | 724 |
| -54.6% | Jul 16, 2007 | 416 | Mar 9, 2009 | 284 | Apr 23, 2010 | 700 |
| -32.95% | May 2, 2011 | 108 | Oct 3, 2011 | 94 | Feb 16, 2012 | 202 |
| -30.59% | Jun 24, 2015 | 161 | Feb 11, 2016 | 207 | Dec 6, 2016 | 368 |
| -25.26% | Jan 22, 2025 | 54 | Apr 8, 2025 | 97 | Aug 27, 2025 | 151 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...