Vanguard Mortgage-Backed Securities ETF drawdown: 18.8% below the all-time high
Vanguard Mortgage-Backed Securities ETF is 18.8% below its all-time high, set May 8, 2020 (as of market close, Oct 1, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −18.8%
- 81.2% of ATH
- All-time high
- $54.66
- May 8, 2020
- Time below the high
- 6.4 yrs
- since May 8, 2020
- Worst-ever drawdown
- −22.6%
- Oct 19, 2023
- Longest underwater
- 6.4 yrs
- between all-time highs
- Today's level first reached
- Nov 23, 2009
- 16.9 yrs ago
- Last time this deep
- never before
- no prior −18.8% episode
% of all-time high since 2009#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| May 8, 2020 | Oct 19, 2023 | −22.6% | 3.4 yrs | not yet | 6.4 yrs+ |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2009: how far Vanguard Mortgage-Backed Securities ETF stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is Vanguard Mortgage-Backed Securities ETF from its all-time high?
- Vanguard Mortgage-Backed Securities ETF is currently 18.8% below its all-time high, set May 8, 2020 (as of market close, Oct 1, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest Vanguard Mortgage-Backed Securities ETF drawdown ever?
- The deepest decline on record in our data (since 2009) took Vanguard Mortgage-Backed Securities ETF 22.6% below its prior high, bottoming Oct 19, 2023. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from VMBS; no free deep history exists for Vanguard Mortgage-Backed Securities ETF — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.