VTIVX

Vanguard Target Retirement 2045 Fund Investor Shares

$37.94−0.25 (−0.65%)Close Nov 12, 2026

Oct 27, 2003 – Nov 12, 2026, Dividends reinvested

Final balance: $70,224
CAGR: +8.83%
Max drawdown: −51.69%
Sharpe ratio: 0.60

Growth of $10,000

Trailing returns (%)

VTIVX's average annual return was 11.10% over the last 10 years and 8.15% over the last 20 years, through Nov 12, 2026. $10,000 in VTIVX on Nov 11, 2016 grew to $28,646 by Nov 12, 2026, with dividends reinvested.

	Total	Per year
VTIVX	−1.63	−2.99	+0.96	+9.21	+9.82	+17.64	+7.94	+11.10	+10.60	+8.15	+8.83

Total

1M: −1.63%
3M: −2.99%
6M: +0.96%
YTD: +9.21%
1Y: +9.82%

Per year

3Y: +17.64%
5Y: +7.94%
10Y: +11.10%
15Y: +10.60%
20Y: +8.15%
Since 2003: +8.83%

Annual returns

2003 from Oct 27 · 2026 through Nov 12

VTIVX returns by year

Year	Return
2026 through Nov 12	+9.21%
2025	+20.01%
2024	+13.89%
2023	+19.50%
2022	−17.38%
2021	+16.16%
2020	+16.31%
2019	+24.94%
2018	−7.90%
2017	+21.43%
2016	+8.86%
2015	−1.54%
2014	+7.16%
2013	+24.38%
2012	+15.56%
2011	−2.49%
2010	+15.19%
2009	+28.15%
2008	−34.51%
2007	+7.44%
2006	+15.98%
2005	+6.95%

Metrics

Since 2003

Volatility	16.22%
Sortino ratio	0.84
Calmar ratio	0.17
Best year, 2009	+28.15%
Worst year, 2008	−34.51%
Positive years	17 of 22
Longest drawdown	4.4 years

Worst drawdowns

Since 2003

Decline	Peak	Bottom	Recovered	Length
−51.7%	Oct 2007	Mar 2009	Mar 2012	4.4 years
−31.4%	Feb 2020	Mar 2020	Aug 2020	6 months
−25.1%	Nov 2021	Oct 2022	Feb 2024	2.3 years
−17.4%	Jan 2018	Dec 2018	Jul 2019	1.4 years
−16.6%	May 2015	Feb 2016	Aug 2016	1.2 years