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Vanguard Explorer Fund Investor Shares (VEXPX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US9219261016

CUSIP

921926101

Issuer

Vanguard

Inception Date

Dec 11, 1967

Region

North America (U.S.)

Min. Investment

$3,000

Asset Class

Equity

Asset Class Size

Small-Cap

Asset Class Style

Growth

Expense Ratio

VEXPX has an expense ratio of 0.40%, placing it in the medium range.


Expense ratio chart for VEXPX: current value is 0.40%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VEXPX: 0.40%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

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


1,000.00%2,000.00%3,000.00%4,000.00%5,000.00%6,000.00%NovemberDecember2025FebruaryMarchApril
1,188.21%
4,988.86%
VEXPX (Vanguard Explorer Fund Investor Shares)
Benchmark (^GSPC)

Returns By Period

Vanguard Explorer Fund Investor Shares had a return of -11.34% year-to-date (YTD) and -9.22% in the last 12 months. Over the past 10 years, Vanguard Explorer Fund Investor Shares had an annualized return of 0.60%, while the S&P 500 had an annualized return of 10.05%, indicating that Vanguard Explorer Fund Investor Shares did not perform as well as the benchmark.


VEXPX

YTD

-11.34%

1M

-6.78%

6M

-16.22%

1Y

-9.22%

5Y*

4.05%

10Y*

0.60%

^GSPC (Benchmark)

YTD

-6.75%

1M

-5.05%

6M

-5.60%

1Y

8.15%

5Y*

14.14%

10Y*

10.05%

*Annualized

Monthly Returns

The table below presents the monthly returns of VEXPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20254.45%-6.28%-6.97%-2.65%-11.34%
2024-1.95%6.33%2.86%-6.11%4.04%-1.32%4.63%1.42%0.98%-1.72%9.13%-12.53%3.92%
202310.33%-1.63%-1.41%-1.56%-1.58%8.14%3.22%-3.62%-5.23%-6.25%9.52%10.08%19.45%
2022-10.25%-0.03%0.87%-9.35%-2.58%-7.70%10.75%-3.30%-9.09%8.39%3.97%-9.51%-26.75%
20211.65%5.12%-0.25%4.82%-1.71%2.92%0.78%2.11%-3.69%5.06%-3.31%-12.39%-0.31%
2020-1.66%-7.39%-19.56%16.68%10.44%3.02%5.69%3.74%-2.73%1.88%14.81%1.62%23.29%
201911.36%6.33%-0.76%4.01%-7.10%7.83%1.52%-3.82%0.27%1.44%5.83%-2.60%25.34%
20184.78%-1.90%1.31%0.28%5.94%0.86%2.12%7.34%-0.94%-11.18%1.89%-19.50%-11.73%
20172.94%2.59%0.53%1.71%0.21%2.64%1.04%-0.66%4.06%1.73%3.22%-9.44%10.32%
2016-9.15%0.73%7.99%1.41%1.43%-0.23%5.75%1.18%1.17%-4.97%6.84%-3.16%7.92%
2015-3.00%8.06%1.42%-1.65%1.55%0.17%-0.63%-6.71%-6.04%5.11%2.24%-12.85%-13.24%
2014-2.63%4.82%-1.23%-3.67%0.61%4.73%-5.33%5.09%-4.18%4.38%0.89%-12.32%-9.93%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of VEXPX is 9, meaning it’s performing worse than 91% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of VEXPX is 99
Overall Rank
The Sharpe Ratio Rank of VEXPX is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of VEXPX is 88
Sortino Ratio Rank
The Omega Ratio Rank of VEXPX is 99
Omega Ratio Rank
The Calmar Ratio Rank of VEXPX is 1010
Calmar Ratio Rank
The Martin Ratio Rank of VEXPX is 88
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Vanguard Explorer Fund Investor Shares (VEXPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The chart of Sharpe ratio for VEXPX, currently valued at -0.34, compared to the broader market-1.000.001.002.003.00
VEXPX: -0.34
^GSPC: 0.49
The chart of Sortino ratio for VEXPX, currently valued at -0.32, compared to the broader market-2.000.002.004.006.008.00
VEXPX: -0.32
^GSPC: 0.81
The chart of Omega ratio for VEXPX, currently valued at 0.96, compared to the broader market0.501.001.502.002.503.00
VEXPX: 0.96
^GSPC: 1.12
The chart of Calmar ratio for VEXPX, currently valued at -0.19, compared to the broader market0.002.004.006.008.0010.00
VEXPX: -0.19
^GSPC: 0.50
The chart of Martin ratio for VEXPX, currently valued at -0.79, compared to the broader market0.0010.0020.0030.0040.0050.00
VEXPX: -0.79
^GSPC: 2.07

The current Vanguard Explorer Fund Investor Shares Sharpe ratio is -0.34. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Vanguard Explorer Fund Investor Shares with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.34
0.49
VEXPX (Vanguard Explorer Fund Investor Shares)
Benchmark (^GSPC)

Dividends

Dividend History

Vanguard Explorer Fund Investor Shares provided a 0.48% dividend yield over the last twelve months, with an annual payout of $0.49 per share.


0.10%0.20%0.30%0.40%0.50%$0.00$0.10$0.20$0.30$0.40$0.50$0.6020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.49$0.49$0.58$0.36$0.28$0.16$0.30$0.29$0.48$0.32$0.27$0.15

Dividend yield

0.48%0.42%0.52%0.39%0.22%0.12%0.28%0.34%0.50%0.37%0.34%0.16%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.49$0.49
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.58$0.58
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.36$0.36
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.28$0.28
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.16$0.16
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.30$0.30
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.29$0.29
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.48$0.48
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.32$0.32
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.27$0.27
2014$0.15$0.15

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.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-34.34%
-10.73%
VEXPX (Vanguard Explorer Fund Investor Shares)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard Explorer Fund Investor 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 Explorer Fund Investor Shares was 61.17%, occurring on Mar 9, 2009. Recovery took 974 trading sessions.

The current Vanguard Explorer Fund Investor Shares drawdown is 34.34%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-61.17%May 9, 2006713Mar 9, 2009974Jan 18, 20131687
-47.53%Jun 27, 19831850Oct 16, 1990311Jan 9, 19922161
-43.38%Sep 5, 2018386Mar 18, 2020143Oct 9, 2020529
-42.15%Nov 10, 2021151Jun 16, 2022
-40.71%Oct 14, 1997249Oct 8, 1998279Nov 16, 1999528

Volatility

Volatility Chart

The current Vanguard Explorer Fund Investor Shares volatility is 15.00%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
15.00%
14.23%
VEXPX (Vanguard Explorer Fund Investor Shares)
Benchmark (^GSPC)