- CUSIP
- 921935888
- Issuer
- Vanguard
- Inception Date
- Feb 15, 2018
- Region
- North America (U.S.)
- Category
- Multi-factor
- Min. Investment
- $50,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
VFMFX Performance Chart
Vanguard U.S. Multifactor Fund Admiral Shares (VFMFX) is up 15.8% since the beginning of the year. VFMFX is currently trading at $53 per share. Investors who bought $1,000 worth of VFMFX shares 5 years ago would now be looking at an investment worth $1,941.
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Returns By Period
Vanguard U.S. Multifactor Fund Admiral Shares (VFMFX) has returned 15.77% so far this year and 33.42% over the past 12 months.
Vanguard U.S. Multifactor Fund Admiral Shares
- 1D
- 0.24%
- 1M
- 2.06%
- YTD
- 15.77%
- 6M
- 13.99%
- 1Y
- 33.42%
- 3Y*
- 20.89%
- 5Y*
- 14.18%
- 10Y*
- —
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%
VFMFX Monthly Returns History
Based on dividend-adjusted daily data since Jun 26, 2018, VFMFX's average daily return is +0.05%, while the average monthly return is +1.07%. At this rate, an investment would double in approximately 5.4 years.
Historically, 59% of months were positive and 41% were negative. The best month was Oct 2022 with a return of +13.9%, while the worst month was Mar 2020 at -19.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VFMFX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.5%, while the worst single day was Mar 16, 2020 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.77% | 2.66% | -4.06% | 8.25% | 1.88% | 1.73% | 15.77% | ||||||
| 2025 | 4.38% | -2.21% | -5.82% | -2.40% | 5.79% | 3.72% | -0.54% | 5.59% | 1.41% | -0.80% | 3.32% | 1.88% | 14.50% |
| 2024 | 0.27% | 5.44% | 5.46% | -5.18% | 4.61% | -1.26% | 6.70% | -0.19% | 0.51% | -0.71% | 8.42% | -6.86% | 17.21% |
| 2023 | 5.72% | -2.03% | -3.08% | -0.79% | -2.93% | 9.74% | 4.93% | -1.49% | -3.09% | -4.28% | 7.46% | 7.86% | 17.89% |
| 2022 | -4.34% | 0.55% | 1.36% | -5.57% | 3.36% | -10.42% | 8.55% | -1.68% | -8.01% | 13.85% | 4.75% | -5.59% | -5.78% |
| 2021 | 2.74% | 6.61% | 5.91% | 3.11% | 2.86% | -1.16% | -0.47% | 2.71% | -2.94% | 5.53% | -1.84% | 4.63% | 30.78% |
Benchmark Metrics
Vanguard U.S. Multifactor Fund Admiral Shares has an annualized alpha of -1.07%, beta of 0.99, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since June 26, 2018.
- This fund participated in 100.48% of S&P 500 Index downside but only 93.92% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.99 and R2 of 0.82, 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
- -1.07%
- Beta
- 0.99
- R²
- 0.82
- Upside Capture
- 93.92%
- Downside Capture
- 100.48%
Expense Ratio
VFMFX has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
VFMFX ranks 85 for risk / return — in the top 85% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard U.S. Multifactor Fund Admiral Shares (VFMFX) 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.
| VFMFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 2.78 | +1.84 |
| Martin ratioReturn relative to average drawdown | 17.19 | 12.44 | +4.75 |
Dividends
Dividend History
Vanguard U.S. Multifactor Fund Admiral Shares provided a 2.36% dividend yield over the last twelve months, with an annual payout of $1.26 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.26 | $1.25 | $1.37 | $0.61 | $0.66 | $0.47 | $0.39 | $0.43 | $0.32 |
Dividend yield | 2.36% | 2.69% | 3.29% | 1.66% | 2.09% | 1.37% | 1.48% | 1.63% | 1.45% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard U.S. Multifactor 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 | $0.20 | $0.00 | $0.00 | $0.00 | $0.20 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.89 | $1.25 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.90 | $1.37 |
| 2023 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.61 |
| 2022 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.66 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.17 | $0.47 |
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 U.S. Multifactor 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 U.S. Multifactor Fund Admiral Shares was 41.18%, occurring on Mar 23, 2020. Recovery took 181 trading sessions.
The current Vanguard U.S. Multifactor Fund Admiral Shares drawdown is 1.35%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.18%Mar 2020 | 2mo 2d | 8mo 20d | 10mo 22dJan 2020 - Dec 2020 |
Rate-hike selloffLate 2018 | -23.51%Dec 2018 | 3mo 26d | 1y 23d | 1y 4moAug 2018 - Jan 2020 |
2025 selloff2025 | -21.18%Apr 2025 | 4mo 13d | 4mo 16d | 8mo 29dNov 2024 - Aug 2025 |
Bear market2022 | -18.32%Sep 2022 | 8mo 24d | 9mo 20d | 1y 6moJan 2022 - Jul 2023 |
2023 pullback2023 | -9.66%Oct 2023 | 2mo 27d | 1mo 8d | 4mo 5dAug 2023 - Dec 2023 |
Drawdown Indicators
| VFMFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.18% | -56.78% | +15.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.31% | -9.10% | +1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -21.18% | -18.90% | -2.28% |
Max Drawdown (5Y)Largest decline over 5 years | -21.18% | -25.43% | +4.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.35% | -1.80% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -10.71% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.03% | -0.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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