Vanguard Commodity Strategy Fund Admiral Shares (VCMDX)

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The chart shows the growth of an initial investment of $10,000 in Vanguard Commodity Strategy Fund Admiral Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) has returned 18.30% so far this year and 26.59% over the past 12 months.

Based on dividend-adjusted daily data since Jun 26, 2019, VCMDX's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, your investment would double in approximately 5.3 years.

Historically, 65% of months were positive and 35% were negative. The best month was Jan 2026 with a return of +8.8%, while the worst month was Jun 2022 at -11.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.

On a daily basis, VCMDX closed higher 55% of trading days. The best single day was Mar 1, 2022 with a return of +4.1%, while the worst single day was Mar 9, 2022 at -5.4%.

Vanguard Commodity Strategy Fund Admiral Shares has an annualized alpha of 11.03%, beta of 0.21, and R² of 0.07 versus S&P 500 Index. Calculated based on daily prices since June 27, 2019.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (51.49%) than losses (31.51%) — typical of diversified or defensive assets.
• Beta of 0.21 may look defensive, but with R² of 0.07 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.07 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

VCMDX has an expense ratio of 0.20%, which is considered low.

VCMDX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Vanguard Commodity Strategy Fund Admiral Shares (VCMDX) and compare them to a chosen benchmark (S&P 500 Index).

Vanguard Commodity Strategy Fund Admiral Shares provided a 12.86% dividend yield over the last twelve months, with an annual payout of $3.96 per share.

The table displays the monthly dividend distributions for Vanguard Commodity Strategy Fund Admiral Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Vanguard Commodity Strategy Fund Admiral Shares. 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 Commodity Strategy Fund Admiral Shares was 26.67%, occurring on Mar 18, 2020. Recovery took 188 trading sessions.

The current Vanguard Commodity Strategy Fund Admiral Shares drawdown is 1.31%.

The chart below shows the rolling one-month volatility.