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Vanguard Ultra-Short Bond ETF (VUSB)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US92203C3034
CUSIP
92203C303
Issuer
Vanguard
Inception Date
Apr 5, 2021
Region
North America (U.S.)
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Domicile
U.S.
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Vanguard Ultra-Short Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Vanguard Ultra-Short Bond ETF (VUSB) has returned 0.59% so far this year and 4.48% over the past 12 months.


Vanguard Ultra-Short Bond ETF

1D
0.09%
1M
-0.12%
YTD
0.59%
6M
1.76%
1Y
4.48%
3Y*
5.28%
5Y*
10Y*

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

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, your investment would double in approximately 21.4 years.

Historically, 78% of months were positive and 22% 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 54% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.38%0.33%-0.12%0.59%
20250.43%0.54%0.31%0.38%0.27%0.57%0.32%0.63%0.47%0.31%0.37%0.48%5.20%
20240.48%0.15%0.44%0.24%0.65%0.41%0.80%0.71%0.62%0.14%0.44%0.46%5.68%
20230.49%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 3.22%, 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 8.26% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.11%) — 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
3.22%
Beta
0.01
0.03
Upside Capture
8.26%
Downside Capture
-4.11%

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.


VUSB Risk / Return Rank: 9999
Overall Rank
VUSB Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
VUSB Sortino Ratio Rank: 9999
Sortino Ratio Rank
VUSB Omega Ratio Rank: 9999
Omega Ratio Rank
VUSB Calmar Ratio Rank: 9999
Calmar Ratio Rank
VUSB Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Vanguard Ultra-Short Bond ETF (VUSB) and compare them to a chosen benchmark (S&P 500 Index).


VUSBBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

5.84

0.90

+4.94

Sortino ratio

Return per unit of downside risk

9.33

1.39

+7.94

Omega ratio

Gain probability vs. loss probability

2.86

1.21

+1.65

Calmar ratio

Return relative to maximum drawdown

9.75

1.40

+8.36

Martin ratio

Return relative to average drawdown

50.27

6.61

+43.66

Explore VUSB 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 Ultra-Short Bond ETF provided a 4.53% dividend yield over the last twelve months, with an annual payout of $2.25 per share.


0.00%1.00%2.00%3.00%4.00%5.00%$0.00$0.50$1.00$1.50$2.00$2.5020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021
Dividend$2.25$2.31$2.56$2.20$0.76$0.13

Dividend yield

4.53%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.18$0.17$0.35
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 0.12%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-1.79%Oct 4, 2021176Jun 14, 2022185Mar 10, 2023361
-0.46%Apr 4, 20256Apr 11, 20258Apr 24, 202514
-0.37%Mar 2, 202619Mar 26, 2026
-0.28%Mar 27, 20234Mar 30, 20234Apr 5, 20238
-0.2%May 15, 202310May 26, 20233Jun 1, 202313

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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