Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX)

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Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) is up 31.5% since the beginning of the year. VSMIX is currently trading at $37 per share. Investors who bought $1,000 worth of VSMIX shares 5 years ago would now be looking at an investment worth $2,648.

Vanguard Short-Term Investment-Grade Fund Investor Shares (VSMIX) has returned 31.54% so far this year and 60.44% over the past 12 months. Looking at the last ten years, VSMIX has achieved an annualized return of 18.15%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.

Based on dividend-adjusted daily data since Aug 12, 2005, VSMIX's average daily return is +0.06%, while the average monthly return is +1.20%. At this rate, an investment would double in approximately 4.8 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%.

Vanguard Short-Term Investment-Grade Fund Investor Shares has an annualized alpha of 3.13%, beta of 1.13, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since August 12, 2005.

• This fund captured 133.03% of S&P 500 Index gains and 116.01% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 3.13% 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.

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

VSMIX ranks 87 for risk / return — in the top 87% of mutual funds 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.

Vanguard Short-Term Investment-Grade Fund Investor Shares provided a 6.49% 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.

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.

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.

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 0.35%.

The chart below shows the rolling one-month volatility.