All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

VGSH: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

VGSH real return snapshot: after CPI-U inflation, VGSH returned −0.77% over the past year and −2.63% YTD, with dividends reinvested. Since Nov. 23, 2009, VGSH is down −18.57% in real purchasing-power return, or −1.23%/yr, and is currently −19.47% below its real total-return high on Oct. 8, 2010.

Data ending Thu Jul. 23, 2026

Growth of $10,000

Mon 2009-11-23💬 to Thu 2026-07-23 Overall
Return 		Exponential
Trendline
VGSH × 		−18.57%
−1.23%/yr 		−1.39%/yr
R2=0.774
Vanguard Short-Term Treasury Index Fund ETF Shares NASDAQ Exchange-Traded Fund

Growth of $10,000 Summary

Mon 2009-11-23💬 to Thu 2026-07-23 Start
Value 		End
Value
VGSH × 		$10,000.00
2009-11-23 		$8,143.19
2026-07-23

This Year’s Performance

through 2026-07-23

  YTD YoY
VGSH × 		−2.63% −0.77%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
VGSH × 		−19.47%
on 2026-07-23
from 2010-10-08 peak 		−22.46%
on 2023-09-27
from 2010-10-08 peak

Rolling Returns

Period ending Thu 2026-07-23 1 yr 2 yr 3 yr 5 yr 10 yr
VGSH × 		−0.77% +1.37%
+0.68%/yr 		+3.24%
+1.07%/yr 		−10.76%
−2.25%/yr 		−14.64%
−1.57%/yr

Annual Returns

Year VGSH
2026 (YTD) −2.63%
2025 +2.34%
2024 +1.10%
2023 +0.93%
2022 −9.70%
2021 −7.13%
2020 +1.66%
2019 +1.21%
2018 −0.35%
2017 −2.04%
2016 −0.95%
2015 −0.22%
2014 −0.29%
2013 −1.16%
2012 −1.33%
2011 −1.46%
2010 +0.78%
2009 −0.36%