Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX)

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Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) is down 2.9% since the beginning of the year. VWETX is currently trading at $7 per share. Investors who bought $1,000 worth of VWETX shares 5 years ago would now be looking at an investment worth $814.

Vanguard Long-Term Investment-Grade Fund Admiral Shares (VWETX) has returned -2.85% so far this year and -0.27% over the past 12 months. Over the last ten years, VWETX has returned 0.91% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.

Based on dividend-adjusted daily data since Feb 12, 2001, VWETX's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.

Historically, 59% of months were positive and 41% were negative. The best month was Dec 2008 with a return of +13.1%, while the worst month was Apr 2022 at -9.4%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, VWETX closed higher 49% of trading days. The best single day was Nov 10, 2022 with a return of +3.6%, while the worst single day was Mar 17, 2020 at -5.1%.

Vanguard Long-Term Investment-Grade Fund Admiral Shares has an annualized alpha of 6.42%, beta of -0.09, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since February 12, 2001.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (22.16%) than losses (9.02%) - typical of diversified or defensive assets.
• Beta of -0.09 may look defensive, but with R2 of 0.03 this fund 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 fund's risk.
• R2 of 0.03 means this fund 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.

VWETX has an expense ratio of 0.12%, which is considered low.

VWETX ranks 6 for risk / return — above 6% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.

Vanguard Long-Term Investment-Grade Fund Admiral Shares provided a 4.95% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Vanguard Long-Term Investment-Grade Fund Admiral 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 Long-Term Investment-Grade Fund Admiral 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 Long-Term Investment-Grade Fund Admiral Shares was 36.04%, occurring on Oct 24, 2022. The portfolio has not yet recovered.

The current Vanguard Long-Term Investment-Grade Fund Admiral Shares drawdown is 21.54%.

The chart below shows the rolling one-month volatility.