- ISIN
- US9229082071
- CUSIP
- 922908207
- Issuer
- Vanguard
- Inception Date
- Dec 21, 1987
- Category
- Mid Cap Growth Equities
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
VEXMX Performance Chart
Vanguard Extended Market Index Fund (VEXMX) is up 14.9% since the beginning of the year. VEXMX is currently trading at $182 per share. Investors who bought $1,000 worth of VEXMX shares 5 years ago would now be looking at an investment worth $1,380.
Loading charts...
Returns By Period
Vanguard Extended Market Index Fund (VEXMX) has returned 14.86% so far this year and 29.96% over the past 12 months. Over the last ten years, VEXMX has returned 12.01% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Vanguard Extended Market Index Fund
- 1D
- 1.07%
- 1M
- 5.79%
- YTD
- 14.86%
- 6M
- 13.58%
- 1Y
- 29.96%
- 3Y*
- 19.77%
- 5Y*
- 6.66%
- 10Y*
- 12.01%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
VEXMX Monthly Returns History
Based on dividend-adjusted daily data since Dec 21, 1987, VEXMX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +18.3%, while the worst month was Oct 2008 at -21.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VEXMX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -14.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.38% | 1.06% | -4.59% | 9.93% | 4.45% | 1.34% | 14.86% | ||||||
| 2025 | 4.97% | -5.79% | -8.22% | -0.77% | 7.21% | 5.40% | 2.53% | 4.07% | 2.03% | 1.15% | -0.49% | -0.53% | 10.93% |
| 2024 | -3.59% | 6.03% | 3.33% | -6.48% | 3.36% | -0.11% | 6.17% | 0.24% | 1.29% | 0.60% | 11.94% | -7.06% | 15.05% |
| 2023 | 10.80% | -1.65% | -2.90% | -2.18% | 0.45% | 8.30% | 5.89% | -4.06% | -4.89% | -6.26% | 11.18% | 11.80% | 26.79% |
| 2022 | -10.11% | -0.02% | 0.84% | -10.58% | -2.25% | -9.27% | 10.28% | -2.10% | -9.93% | 8.54% | 3.58% | -6.53% | -26.56% |
| 2021 | 2.86% | 5.19% | -0.41% | 4.21% | -0.67% | 3.45% | -1.24% | 2.00% | -4.02% | 5.42% | -5.02% | 0.55% | 12.31% |
Benchmark Metrics
Vanguard Extended Market Index Fund has an annualized alpha of 1.85%, beta of 1.01, and R2 of 0.79 versus S&P 500 Index. Calculated based on daily prices since December 22, 1987.
- This fund captured 116.75% of S&P 500 Index gains and 109.36% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.01 and R2 of 0.79, 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
- 1.85%
- Beta
- 1.01
- R²
- 0.79
- Upside Capture
- 116.75%
- Downside Capture
- 109.36%
Expense Ratio
VEXMX has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
VEXMX ranks 47 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 Extended Market Index Fund (VEXMX) and compare them to S&P 500 Index.
| VEXMX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.86 | 2.24 | -0.38 |
Sortino ratioReturn per unit of downside risk | 2.59 | 3.07 | -0.48 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.11 | 2.93 | +0.18 |
Martin ratioReturn relative to average drawdown | 10.99 | 13.52 | -2.53 |
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 Extended Market Index Fund provided a 0.89% dividend yield over the last twelve months, with an annual payout of $1.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.62 | $1.18 | $1.07 | $1.44 | $1.01 | $1.38 | $1.49 | $1.13 | $1.15 | $0.95 | $0.95 | $0.77 |
Dividend yield | 0.89% | 0.74% | 0.74% | 1.14% | 1.00% | 0.99% | 1.19% | 1.18% | 1.52% | 1.12% | 1.31% | 1.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Extended Market 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 | $0.44 | $0.00 | $0.00 | $0.00 | $0.44 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.44 | $1.18 |
| 2024 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.39 | $1.07 |
| 2023 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.48 | $1.44 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.48 | $1.01 |
| 2021 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.53 | $1.38 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Extended Market 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 Extended Market Index Fund was 58.17%, occurring on Mar 9, 2009. Recovery took 460 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.17%Mar 2009 | 1y 7mo | 1y 10mo | 3y 5moJul 2007 - Jan 2011 |
Dot-com crash2000–2002 | -55.80%Oct 2002 | 2y 7mo | 3y 3mo | 5y 10moMar 2000 - Jan 2006 |
COVID crash2020 | -41.63%Mar 2020 | 26d | 5mo 11d | 6mo 7dFeb 2020 - Aug 2020 |
Bear market2022 | -36.38%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
1998 bear market1998 | -33.09%Oct 1998 | 5mo 19d | 6mo 16d | 1yApr 1998 - Apr 1999 |
Drawdown Indicators
| VEXMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.17% | -56.78% | -1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -9.10% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | -27.09% | -18.90% | -8.19% |
Max Drawdown (5Y)Largest decline over 5 years | -36.38% | -25.43% | -10.95% |
Max Drawdown (10Y)Largest decline over 10 years | -41.63% | -33.92% | -7.71% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -11.15% | -10.72% | -0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.97% | +0.93% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with VEXMX
Add Vanguard Extended Market Index Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with VEXMX