- ISIN
- US92206C7487
- CUSIP
- 92206C748
- Issuer
- Vanguard
- Inception Date
- Mar 30, 2010
- Region
- North America (U.S.)
- Category
- Small Cap Value Equities
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $1B
Share Price Chart
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Performance
VEVFX Performance Chart
Vanguard Explorer Value Fund (VEVFX) is up 12.7% since the beginning of the year. VEVFX is currently trading at $47 per share. Investors who bought $1,000 worth of VEVFX shares 5 years ago would now be looking at an investment worth $1,384.
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Returns By Period
Vanguard Explorer Value Fund (VEVFX) has returned 12.66% so far this year and 31.49% over the past 12 months. Over the last ten years, VEVFX has returned 9.83% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Vanguard Explorer Value Fund
- 1D
- -0.04%
- 1M
- 0.34%
- YTD
- 12.66%
- 6M
- 15.71%
- 1Y
- 31.49%
- 3Y*
- 16.00%
- 5Y*
- 6.72%
- 10Y*
- 9.83%
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%
VEVFX Monthly Returns History
Based on dividend-adjusted daily data since Mar 30, 2010, VEVFX's average daily return is +0.05%, while the average monthly return is +0.99%. At this rate, an investment would double in approximately 5.9 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +17.5%, while the worst month was Mar 2020 at -27.7%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VEVFX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -15.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.11% | 2.77% | -5.80% | 9.72% | -0.00% | -0.04% | 12.66% | ||||||
| 2025 | 3.33% | -5.07% | -6.33% | -4.99% | 6.03% | 4.83% | 1.92% | 6.85% | 0.22% | -2.84% | 1.88% | 2.46% | 7.40% |
| 2024 | -2.04% | 4.13% | 4.49% | -5.76% | 5.71% | -2.25% | 9.81% | -0.65% | 0.06% | -0.47% | 9.44% | -7.77% | 13.81% |
| 2023 | 10.42% | -2.32% | -5.28% | -1.79% | -3.31% | 9.50% | 4.25% | -2.48% | -5.18% | -5.69% | 8.25% | 10.25% | 15.29% |
| 2022 | -4.09% | 1.04% | 0.11% | -7.18% | 2.55% | -10.78% | 9.35% | -4.15% | -10.95% | 11.98% | 6.15% | -6.04% | -14.11% |
| 2021 | 2.53% | 9.88% | 3.55% | 4.87% | 2.16% | -2.28% | -0.63% | 1.60% | -2.23% | 3.76% | -2.88% | 5.48% | 28.14% |
Benchmark Metrics
Vanguard Explorer Value Fund has an annualized alpha of -1.73%, beta of 1.08, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since March 31, 2010.
- This fund participated in 112.30% of S&P 500 Index downside but only 103.72% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.08 and R2 of 0.77, 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
- -1.73%
- Beta
- 1.08
- R²
- 0.77
- Upside Capture
- 103.72%
- Downside Capture
- 112.30%
Expense Ratio
VEVFX has an expense ratio of 0.52%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VEVFX ranks 43 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 Explorer Value Fund (VEVFX) and compare them to S&P 500 Index.
| VEVFX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.76 | 2.39 | -0.63 |
Sortino ratioReturn per unit of downside risk | 2.61 | 3.25 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.11 | -0.12 |
Martin ratioReturn relative to average drawdown | 9.24 | 14.38 | -5.14 |
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 Explorer Value Fund provided a 9.11% dividend yield over the last twelve months, with an annual payout of $4.30 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.30 | $4.30 | $6.25 | $1.07 | $1.47 | $1.77 | $0.32 | $0.54 | $2.61 | $1.10 | $0.76 | $1.80 |
Dividend yield | 9.11% | 10.26% | 14.55% | 2.49% | 3.85% | 3.83% | 0.86% | 1.47% | 8.92% | 3.00% | 2.26% | 6.31% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Explorer Value 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.30 | $4.30 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.25 | $6.25 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.07 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.47 | $1.47 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.77 | $1.77 |
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 Explorer Value 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 Explorer Value Fund was 47.53%, occurring on Mar 23, 2020. Recovery took 183 trading sessions.
The current Vanguard Explorer Value Fund drawdown is 1.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -47.53%Mar 2020 | 2mo 2d | 8mo 22d | 10mo 24dJan 2020 - Dec 2020 |
2025 selloff2025 | -27.32%Apr 2025 | 4mo 13d | 8mo 7d | 1y 15dNov 2024 - Dec 2025 |
2011 bear market2011 | -26.75%Oct 2011 | 5mo 4d | 5mo 14d | 10mo 18dMay 2011 - Mar 2012 |
Rate-hike selloffLate 2018 | -25.68%Dec 2018 | 3mo 28d | 1y 23d | 1y 4moAug 2018 - Jan 2020 |
Bear market2022 | -24.77%Sep 2022 | 10mo 18d | 1y 5mo | 2y 3moNov 2021 - Mar 2024 |
Drawdown Indicators
| VEVFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.53% | -56.78% | +9.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -9.10% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -27.32% | -18.90% | -8.42% |
Max Drawdown (5Y)Largest decline over 5 years | -27.32% | -25.43% | -1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -47.53% | -33.92% | -13.61% |
Current DrawdownCurrent decline from peak | -1.11% | 0.00% | -1.11% |
Average DrawdownAverage peak-to-trough decline | -6.62% | -10.72% | +4.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 1.97% | +1.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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