Global markets end 2025 on a strong note
Global financial markets extended their gains in the fourth quarter, closing a year defined by resilience despite persistent macroeconomic and policy challenges. Equities and fixed income delivered positive results, supported by strong corporate earnings, ongoing monetary easing, and broader market leadership beyond technology.
Performance of key Vanguard index funds
Fund name(Inception date) |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q4 2025 |
1 year |
|---|---|---|---|---|---|
Vanguard Total Stock Market Index Fund (07/07/1997) |
-4.83% | 10.99% | 8.24% | 2.44% | 17.13% |
Vanguard Total International Stock Index Fund (11/29/2010) |
5.51% | 12.11% | 6.96% | 4.51% | 32.23% |
Vanguard Total Bond Market Index Fund (09/18/1995) |
2.77% | 1.30% | 1.93% | 0.99% | 7.17% |
Vanguard Total International Bond Index Fund (05/31/2013) |
-0.16% |
2.02% | 0.062% | 0.51% | 3.02% |
Vanguard Short-Term Inflation-Protected Securities Index Fund (10/17/2012) |
3.04% | 0.98% | 1.54% | 0.39% | 6.06% |
Source of performance figures: Vanguard, Institutional share class, as of December 31, 2025.
The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at workplace.vanguard.com. Standard performance of the funds can be located in the Quarterly Review Appendix.
For more information about Vanguard funds, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.
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