VWSTX
VANGUARD ULTRA-SHORT-TERM TAX-EXEMPT FUND
VANGUARD MUNICIPAL BOND FUNDS

Average annual returns

Through 2025
1 year
3.95%
3 year
3.65%
5 year
2.04%
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

Risk statistics

78 months through Jan. 31, 2026
Volatility (ann.)
1.24%
Sharpe
2.87
Sortino
9.81
Max drawdown
-2.19%
Best month
1.47%
Worst month
-0.71%

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

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