Relative Risk vs. Return Landscape
If you would invest 1,062 in Vanguard ShortTerm Bond Index Adm on April 21, 2013 and sell it today you would lose (2.00) from holding Vanguard ShortTerm Bond Index Adm or give up 0.19% of portfolio value over 30 days. Vanguard ShortTerm Bond Index Adm is currently producing negative expected returns and takes up 0.05% volatility of returns over 30 trading days. Put another way, 0% of traded equities are less volatile than the company and 99% of traded equity instruments are likely to generate higher returns over the next 30 trading days. Assuming 30 trading days horizon, Vanguard ShortTerm Bond Index Adm is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 11.0 times less risky than the market. the firm trades about -0.2 of its potential returns per unit of risk. The S&P 500 is currently generating roughly 0.56 of returns per unit of risk over similar time horizon.
Vanguard Realized Returns
Vanguard Annual Yield vs Year to Date Return
Vanguard ShortTerm Bond Index Adm is rated below average in annual yield among similar funds. It is rated below average in year to date return among similar funds creating about 0.09 of Year to Date Return per Annual Yield. The ratio of Annual Yield to Year to Date Return for Vanguard ShortTerm Bond Index Adm is roughly 11.38
Over the last 30 days Vanguard ShortTerm Bond Index Adm has generated negative risk-adjusted returns adding no value to investors with long positions.
Estimated Market Risk
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