- ISIN
- US92202E1029
- CUSIP
- 92202E102
- Issuer
- Vanguard
- Inception Date
- Oct 27, 2003
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $36B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
VTINX Performance Chart
Vanguard Target Retirement Income Fund (VTINX) is up 4.5% since the beginning of the year. VTINX is currently trading at $14 per share. Investors who bought $1,000 worth of VTINX shares 5 years ago would now be looking at an investment worth $1,230.
Loading charts...
Returns By Period
Vanguard Target Retirement Income Fund (VTINX) has returned 4.47% so far this year and 11.60% over the past 12 months. Over the last ten years, VTINX has returned 5.31% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard Target Retirement Income Fund
- 1D
- 0.49%
- 1M
- 0.98%
- YTD
- 4.47%
- 6M
- 4.54%
- 1Y
- 11.60%
- 3Y*
- 9.10%
- 5Y*
- 4.22%
- 10Y*
- 5.31%
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%
VTINX Monthly Returns History
Based on dividend-adjusted daily data since Oct 27, 2003, VTINX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2023 with a return of +5.1%, while the worst month was Oct 2008 at -8.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VTINX closed higher 49% of trading days. The best single day was Oct 28, 2008 with a return of +2.8%, while the worst single day was Mar 12, 2020 at -3.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.23% | 1.42% | -3.04% | 3.13% | 1.77% | 0.00% | 4.47% | ||||||
| 2025 | 1.30% | 0.98% | -0.90% | 0.91% | 1.43% | 2.16% | 0.22% | 1.60% | 1.57% | 1.07% | 0.28% | 0.20% | 11.31% |
| 2024 | -0.08% | 0.69% | 1.54% | -2.19% | 2.16% | 0.97% | 2.04% | 1.41% | 1.59% | -1.81% | 1.84% | -1.57% | 6.66% |
| 2023 | 3.92% | -2.12% | 2.47% | 0.71% | -0.86% | 1.52% | 1.25% | -1.16% | -2.43% | -1.45% | 5.06% | 3.60% | 10.66% |
| 2022 | -2.56% | -1.28% | -1.01% | -4.22% | 0.30% | -3.59% | 3.87% | -3.04% | -5.32% | 1.58% | 4.35% | -2.14% | -12.75% |
| 2021 | -0.33% | 0.00% | 0.41% | 1.68% | 0.73% | 0.80% | 1.04% | 0.58% | -1.74% | 1.51% | -0.45% | 0.95% | 5.24% |
Benchmark Metrics
Vanguard Target Retirement Income Fund has an annualized alpha of 2.58%, beta of 0.26, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since October 27, 2003.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (34.22%) than losses (31.82%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.58% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.26 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 2.58%
- Beta
- 0.26
- R²
- 0.73
- Upside Capture
- 34.22%
- Downside Capture
- 31.82%
Expense Ratio
VTINX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
VTINX ranks 67 for risk / return — better than 67% 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 Target Retirement Income Fund (VTINX) 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.
| VTINX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.78 | -0.01 |
| Martin ratioReturn relative to average drawdown | 11.98 | 12.44 | -0.46 |
Dividends
Dividend History
Vanguard Target Retirement Income Fund provided a 4.81% dividend yield over the last twelve months, with an annual payout of $0.69 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.69 | $0.70 | $0.77 | $0.52 | $0.38 | $1.25 | $0.51 | $0.37 | $0.53 | $0.21 | $0.29 | $0.44 |
Dividend yield | 4.81% | 5.02% | 5.89% | 4.01% | 3.08% | 8.63% | 3.42% | 2.62% | 4.19% | 1.56% | 2.27% | 3.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Target Retirement Income Fund. 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 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.41 | $0.70 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.51 | $0.77 |
| 2023 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.32 | $0.52 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.21 | $0.38 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $1.09 | $1.25 |
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 charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Target Retirement Income Fund. 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 Target Retirement Income Fund was 19.96%, occurring on Mar 9, 2009. Recovery took 176 trading sessions.
The current Vanguard Target Retirement Income Fund drawdown is 0.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -19.96%Mar 2009 | 9mo 23d | 8mo 12d | 1y 6moMay 2008 - Nov 2009 |
Bear market2022 | -17.02%Oct 2022 | 11mo 8d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 |
COVID crash2020 | -12.48%Mar 2020 | 1mo 2d | 2mo 17d | 3mo 19dFeb 2020 - Jun 2020 |
2016 pullback2016 | -5.56%Jan 2016 | 8mo 28d | 3mo | 11mo 28dApr 2015 - Apr 2016 |
Rate-hike selloffLate 2018 | -5.36%Dec 2018 | 10mo 29d | 1mo 27d | 1y 21dJan 2018 - Feb 2019 |
Drawdown Indicators
| VTINX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.96% | -56.78% | +36.82% |
Max Drawdown (1Y)Largest decline over 1 year | -4.14% | -9.10% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -5.26% | -18.90% | +13.64% |
Max Drawdown (5Y)Largest decline over 5 years | -17.02% | -25.43% | +8.41% |
Max Drawdown (10Y)Largest decline over 10 years | -17.02% | -33.92% | +16.90% |
Current DrawdownCurrent decline from peak | -0.21% | -1.80% | +1.59% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -10.71% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 2.03% | -1.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with VTINX
Add Vanguard Target Retirement Income Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with VTINX