- ISIN
- US9219213009
- CUSIP
- 921921300
- Issuer
- Vanguard
- Inception Date
- Aug 13, 2001
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities
- Min. Investment
- $50,000
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $66B
Share Price Chart
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Performance
VEIRX Performance Chart
Vanguard Equity Income Fund Admiral Shares (VEIRX) is up 8.4% since the beginning of the year. VEIRX is currently trading at $100 per share. Investors who bought $1,000 worth of VEIRX shares 5 years ago would now be looking at an investment worth $1,748.
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Returns By Period
Vanguard Equity Income Fund Admiral Shares (VEIRX) has returned 8.36% so far this year and 21.49% over the past 12 months. Over the last ten years, VEIRX has returned 11.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard Equity Income Fund Admiral Shares
- 1D
- 0.15%
- 1M
- -0.23%
- YTD
- 8.36%
- 6M
- 7.92%
- 1Y
- 21.49%
- 3Y*
- 16.06%
- 5Y*
- 11.82%
- 10Y*
- 11.82%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VEIRX Monthly Returns History
Based on dividend-adjusted daily data since Aug 13, 2001, VEIRX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +11.9%, while the worst month was Mar 2020 at -13.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VEIRX closed higher 54% of trading days. The best single day was Oct 28, 2008 with a return of +10.2%, while the worst single day was Mar 16, 2020 at -11.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.39% | 2.78% | -4.48% | 6.30% | 1.01% | -0.57% | 8.36% | ||||||
| 2025 | 4.09% | 0.99% | -2.25% | -2.87% | 3.36% | 3.80% | 0.24% | 4.28% | 1.11% | -0.17% | 3.56% | 0.20% | 17.25% |
| 2024 | -0.59% | 2.76% | 5.54% | -3.17% | 3.24% | -0.65% | 4.32% | 2.38% | 1.45% | -0.76% | 4.95% | -4.89% | 14.91% |
| 2023 | 2.84% | -3.92% | -0.93% | 1.88% | -4.50% | 5.92% | 4.31% | -2.68% | -3.46% | -2.57% | 6.15% | 5.38% | 7.76% |
| 2022 | -0.17% | -1.31% | 2.67% | -3.64% | 3.68% | -8.28% | 4.83% | -2.31% | -7.52% | 10.81% | 6.68% | -3.70% | -0.08% |
| 2021 | -0.98% | 3.93% | 6.95% | 3.38% | 2.84% | -1.00% | 0.96% | 2.29% | -3.41% | 4.93% | -2.76% | 6.43% | 25.49% |
Benchmark Metrics
Vanguard Equity Income Fund Admiral Shares has an annualized alpha of 2.04%, beta of 0.88, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since August 13, 2001.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (89.12%) than losses (83.10%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.04% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.88 and R2 of 0.91, 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
- 2.04%
- Beta
- 0.88
- R²
- 0.91
- Upside Capture
- 89.12%
- Downside Capture
- 83.10%
Expense Ratio
VEIRX has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
VEIRX ranks 61 for risk / return — better than 61% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Equity Income Fund Admiral Shares (VEIRX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VEIRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.78 | +0.26 |
| Martin ratioReturn relative to average drawdown | 11.30 | 12.44 | -1.14 |
Dividends
Dividend History
Vanguard Equity Income Fund Admiral Shares provided a 10.24% dividend yield over the last twelve months, with an annual payout of $10.20 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $10.20 | $10.25 | $8.67 | $6.71 | $7.44 | $7.11 | $2.27 | $3.54 | $7.29 | $2.37 | $2.65 | $4.02 |
Dividend yield | 10.24% | 11.03% | 9.83% | 7.96% | 8.79% | 7.71% | 2.86% | 4.45% | 10.98% | 3.04% | 3.87% | 6.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Equity Income Fund Admiral Shares. 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 | $0.60 | $0.00 | $0.00 | $0.50 | $1.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $8.55 | $10.25 |
| 2024 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $6.77 | $8.67 |
| 2023 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $4.99 | $6.71 |
| 2022 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $5.64 | $7.44 |
| 2021 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $5.47 | $7.11 |
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 Equity Income 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 Equity Income Fund Admiral Shares was 54.02%, occurring on Mar 9, 2009. Recovery took 722 trading sessions.
The current Vanguard Equity Income Fund Admiral Shares drawdown is 1.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.02%Mar 2009 | 1y 5mo | 2y 10mo | 4y 3moOct 2007 - Jan 2012 |
COVID crash2020 | -35.26%Mar 2020 | 1mo 9d | 8mo 16d | 9mo 25dFeb 2020 - Dec 2020 |
Dot-com crash2000–2002 | -30.42%Oct 2002 | 1y 1mo | 1y 2mo | 2y 4moAug 2001 - Jan 2004 |
Rate-hike selloffLate 2018 | -15.83%Dec 2018 | 10mo 29d | 3mo 12d | 1y 2moJan 2018 - Apr 2019 |
Bear market2022 | -15.12%Sep 2022 | 5mo 12d | 2mo 1d | 7mo 13dApr 2022 - Nov 2022 |
Drawdown Indicators
| VEIRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.02% | -56.78% | +2.76% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -9.10% | +1.97% |
Max Drawdown (3Y)Largest decline over 3 years | -13.36% | -18.90% | +5.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.12% | -25.43% | +10.31% |
Max Drawdown (10Y)Largest decline over 10 years | -35.26% | -33.92% | -1.34% |
Current DrawdownCurrent decline from peak | -1.25% | -1.80% | +0.55% |
Average DrawdownAverage peak-to-trough decline | -6.49% | -10.71% | +4.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.03% | -0.11% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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