Investors have faced a wild ride in 2025—and the excitement, for better or worse, may not be over. Equity and fixed income markets took less than a month to recover after U.S. tariff announcements in early April sent them reeling, giving investors a valuable opportunity to reexamine their relationship with risk.

In an unlikely sequence of events, markets have just navigated a dramatic round-trip: a sharp spike in volatility and a market sell-off, followed by an equally swift return to relative calm.

Vanguard has updated its outlooks for the annualized 10- and 30-year performance (total returns and volatility levels) of broad asset classes based on an April 30, 2025, running of the Vanguard Capital Markets Model (VCMM). The probabilistic return assumptions depend on market conditions and can change with each running over time.

Global trade developments have made us more optimistic for modest economic growth in 2025. But policy uncertainty remains high.

Corporate earnings calls are a trove of information, but listening to all of them is a monumental task. Artificial intelligence presents an opportunity for Vanguard to analyze earnings calls at scale for signs that a company is poised to cut its dividend. This is one of many AI experiments we’re conducting to extract insights from every conceivable piece of information to help give investors the best chance for investment success.

A proprietary model for glide-path construction that can assist in the creation of custom investment portfolios.

While a volatility management fund in a TDF might benefit retirement savers, possible challenges must be addressed.

Our CEO reflects on Vanguard’s first 50 years and outlines how we will continue to take a stand for investors.

A quarterly brochure on the U.S. ETF ecosystem, with information designed to give advisors tools to help clients.