- ISIN
- US9229087021
- CUSIP
- 922908702
- Issuer
- Vanguard
- Inception Date
- Oct 3, 1960
- Category
- Small Cap Blend Equities
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
NAESX Performance Chart
Vanguard Small Cap Index Fund (NAESX) is up 14.0% since the beginning of the year. NAESX is currently trading at $140 per share. Investors who bought $1,000 worth of NAESX shares 5 years ago would now be looking at an investment worth $1,395.
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Returns By Period
Vanguard Small Cap Index Fund (NAESX) has returned 13.97% so far this year and 30.19% over the past 12 months. Over the last ten years, NAESX has returned 11.15% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Vanguard Small Cap Index Fund
- 1D
- -0.16%
- 1M
- 2.88%
- YTD
- 13.97%
- 6M
- 15.10%
- 1Y
- 30.19%
- 3Y*
- 16.86%
- 5Y*
- 6.88%
- 10Y*
- 11.15%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
NAESX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1980, NAESX's average daily return is +0.04%, while the average monthly return is +0.93%. At this rate, an investment would double in approximately 6.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Oct 1982 with a return of +21.8%, while the worst month was Oct 1987 at -32.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, NAESX closed higher 48% of trading days. The best single day was Oct 29, 1982 with a return of +21.8%, while the worst single day was Oct 19, 1987 at -24.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.60% | 2.74% | -5.21% | 8.62% | 3.18% | -0.16% | 13.97% | ||||||
| 2025 | 3.87% | -4.84% | -6.32% | -2.49% | 5.54% | 4.23% | 1.84% | 4.59% | 0.95% | 0.28% | 1.44% | 0.07% | 8.71% |
| 2024 | -3.72% | 5.79% | 4.35% | -6.55% | 3.95% | -1.35% | 6.77% | 0.12% | 1.96% | -0.72% | 10.49% | -7.35% | 12.83% |
| 2023 | 10.12% | -2.28% | -3.64% | -1.18% | -1.98% | 8.70% | 4.94% | -3.71% | -5.62% | -5.83% | 9.18% | 11.49% | 19.35% |
| 2022 | -7.92% | 0.85% | 1.47% | -8.25% | -0.03% | -9.40% | 10.56% | -2.62% | -9.58% | 9.90% | 4.42% | -5.94% | -17.71% |
| 2021 | 2.20% | 6.12% | 1.60% | 4.03% | 0.06% | 1.42% | -1.45% | 1.97% | -3.12% | 4.90% | -4.34% | 3.48% | 17.60% |
Benchmark Metrics
Vanguard Small Cap Index Fund has an annualized alpha of 1.65%, beta of 0.90, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since January 03, 1980.
- This fund participated in 116.50% of S&P 500 Index downside but only 115.77% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.90 and R2 of 0.54, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 1.65%
- Beta
- 0.90
- R²
- 0.54
- Upside Capture
- 115.77%
- Downside Capture
- 116.50%
Expense Ratio
NAESX has an expense ratio of 0.17%, which is considered low.
Return for Risk
Risk / Return Rank
NAESX ranks 51 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Small Cap Index Fund (NAESX) and compare them to S&P 500 Index.
| NAESX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 2.39 | -0.53 |
Sortino ratioReturn per unit of downside risk | 2.64 | 3.25 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.43 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.36 | 3.11 | +0.24 |
Martin ratioReturn relative to average drawdown | 12.39 | 14.38 | -1.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Vanguard Small Cap Index Fund provided a 1.09% dividend yield over the last twelve months, with an annual payout of $1.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.52 | $1.50 | $1.37 | $1.48 | $1.24 | $1.21 | $0.98 | $1.01 | $0.96 | $0.88 | $0.86 | $0.72 |
Dividend yield | 1.09% | 1.22% | 1.19% | 1.43% | 1.41% | 1.12% | 1.05% | 1.27% | 1.53% | 1.24% | 1.39% | 1.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Small Cap Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.00 | $0.42 | ||||||
| 2025 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.41 | $1.50 |
| 2024 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.40 | $1.37 |
| 2023 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.49 | $1.48 |
| 2022 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.46 | $1.24 |
| 2021 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.49 | $1.21 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Small Cap Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard Small Cap Index Fund was 59.77%, occurring on Mar 9, 2009. Recovery took 452 trading sessions.
The current Vanguard Small Cap Index Fund drawdown is 0.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.77%Mar 2009 | 1y 7mo | 1y 9mo | 3y 5moJul 2007 - Dec 2010 |
Black Monday1987 | -48.38%Dec 1987 | 4y 4mo | 4y 28d | 8y 5moJul 1983 - Dec 1991 |
Dot-com crash2000–2002 | -42.01%Oct 2002 | 2y 7mo | 1y 2mo | 3y 9moMar 2000 - Dec 2003 |
COVID crash2020 | -41.82%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 |
1982 bear market1982 | -38.47%Feb 1982 | 8mo 1d | 1y 2d | 1y 8moJun 1981 - Feb 1983 |
Drawdown Indicators
| NAESX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -56.78% | -2.99% |
Max Drawdown (1Y)Largest decline over 1 year | -8.98% | -9.10% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -25.28% | -18.90% | -6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -28.19% | -25.43% | -2.76% |
Max Drawdown (10Y)Largest decline over 10 years | -41.82% | -33.92% | -7.90% |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -11.82% | -10.72% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 1.97% | +0.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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