- ISIN
- US92203C3034
- CUSIP
- 92203C303
- Issuer
- Vanguard
- Inception Date
- Apr 5, 2021
- Region
- North America (U.S.)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- U.S.
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $8B
Share Price Chart
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Performance
VUSB Performance Chart
Vanguard Ultra-Short Bond ETF (VUSB) is up 1.4% since the beginning of the year. VUSB is currently trading at $50 per share. Investors who bought $1,000 worth of VUSB shares 5 years ago would now be looking at an investment worth $1,184.
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Returns By Period
Vanguard Ultra-Short Bond ETF (VUSB) has returned 1.39% so far this year and 4.59% over the past 12 months.
Vanguard Ultra-Short Bond ETF
- 1D
- -0.02%
- 1M
- 0.40%
- YTD
- 1.39%
- 6M
- 1.76%
- 1Y
- 4.59%
- 3Y*
- 5.34%
- 5Y*
- 3.43%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
VUSB Monthly Returns History
Based on dividend-adjusted daily data since Apr 7, 2021, VUSB's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 79% of months were positive and 21% were negative. The best month was Dec 2023 with a return of +1.0%, while the worst month was Mar 2022 at -0.5%. The longest winning streak lasted 41 consecutive months, and the longest losing streak was 7 months.
On a daily basis, VUSB closed higher 55% of trading days. The best single day was Dec 13, 2023 with a return of +0.3%, while the worst single day was Apr 4, 2025 at -0.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 0.33% | -0.12% | 0.41% | 0.38% | 0.01% | 1.39% | ||||||
| 2025 | 0.43% | 0.54% | 0.31% | 0.38% | 0.27% | 0.57% | 0.32% | 0.63% | 0.47% | 0.31% | 0.37% | 0.48% | 5.20% |
| 2024 | 0.48% | 0.15% | 0.44% | 0.24% | 0.65% | 0.41% | 0.80% | 0.71% | 0.62% | 0.14% | 0.44% | 0.46% | 5.68% |
| 2023 | 0.49% | 0.01% | 0.62% | 0.42% | 0.19% | 0.26% | 0.53% | 0.43% | 0.25% | 0.42% | 0.81% | 0.95% | 5.52% |
| 2022 | -0.31% | -0.22% | -0.52% | -0.14% | 0.30% | -0.36% | 0.36% | -0.08% | -0.39% | 0.01% | 0.48% | 0.50% | -0.36% |
| 2021 | -0.00% | 0.13% | -0.02% | 0.07% | 0.07% | 0.01% | -0.15% | -0.05% | -0.05% | 0.00% |
Benchmark Metrics
Vanguard Ultra-Short Bond ETF has an annualized alpha of 3.24%, beta of 0.01, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since April 08, 2021.
- This ETF captured 7.77% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.07%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.01 may look defensive, but with R2 of 0.03 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 0.03 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
- 3.24%
- Beta
- 0.01
- R²
- 0.03
- Upside Capture
- 7.77%
- Downside Capture
- -4.07%
Expense Ratio
VUSB has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
VUSB ranks 99 for risk / return — in the top 99% 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 Ultra-Short Bond ETF (VUSB) and compare them to S&P 500 Index.
| VUSB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.86 | ||
| Sortino ratioReturn per unit of downside risk | +10.09 | ||
| Omega ratioGain probability vs. loss probability | 3.44 | 1.41 | +2.03 |
| Calmar ratioReturn relative to maximum drawdown | 12.43 | 2.93 | +9.50 |
| Martin ratioReturn relative to average drawdown | 71.97 | 13.52 | +58.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Vanguard Ultra-Short Bond ETF provided a 4.39% dividend yield over the last twelve months, with an annual payout of $2.18 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $2.18 | $2.31 | $2.56 | $2.20 | $0.76 | $0.13 |
Dividend yield | 4.39% | 4.63% | 5.16% | 4.45% | 1.56% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Ultra-Short 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 | $0.18 | $0.17 | $0.18 | $0.18 | $0.17 | $0.87 | ||||||
| 2025 | $0.00 | $0.21 | $0.19 | $0.20 | $0.19 | $0.20 | $0.19 | $0.19 | $0.19 | $0.19 | $0.19 | $0.36 | $2.31 |
| 2024 | $0.00 | $0.22 | $0.20 | $0.23 | $0.22 | $0.22 | $0.21 | $0.21 | $0.21 | $0.21 | $0.21 | $0.42 | $2.56 |
| 2023 | $0.00 | $0.16 | $0.15 | $0.16 | $0.17 | $0.18 | $0.18 | $0.19 | $0.19 | $0.20 | $0.20 | $0.42 | $2.20 |
| 2022 | $0.00 | $0.01 | $0.02 | $0.02 | $0.03 | $0.04 | $0.05 | $0.07 | $0.08 | $0.09 | $0.10 | $0.24 | $0.76 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.04 | $0.13 |
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 Ultra-Short 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 Ultra-Short Bond ETF was 1.79%, occurring on Jun 14, 2022. Recovery took 185 trading sessions.
The current Vanguard Ultra-Short Bond ETF drawdown is 0.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -1.79%Jun 2022 | 8mo 13d | 8mo 29d | 1y 5moOct 2021 - Mar 2023 |
2025 selloff2025 | -0.46%Apr 2025 | 7d | 13d | 20dApr 2025 - Apr 2025 |
2026 pullback2026 | -0.37%Mar 2026 | 24d | 13d | 1mo 7dMar 2026 - Apr 2026 |
2023 pullback2023 | -0.28%Mar 2023 | 3d | 6d | 9dMar 2023 - Apr 2023 |
2023 pullback2023 | -0.20%May 2023 | 11d | 6d | 17dMay 2023 - Jun 2023 |
Drawdown Indicators
| VUSB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.79% | -56.78% | +54.99% |
Max Drawdown (1Y)Largest decline over 1 year | -0.37% | -9.10% | +8.73% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -18.90% | +18.44% |
Max Drawdown (5Y)Largest decline over 5 years | -1.79% | -25.43% | +23.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.74% | +0.72% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -10.72% | +10.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 1.97% | -1.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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