- CUSIP
- 922042593
- Issuer
- Vanguard
- Inception Date
- Feb 7, 2019
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $14B
Share Price Chart
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Performance
VFSAX Performance Chart
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) is up 11.1% since the beginning of the year. VFSAX is currently trading at $39 per share. Investors who bought $1,000 worth of VFSAX shares 5 years ago would now be looking at an investment worth $1,328.
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Returns By Period
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) has returned 11.05% so far this year and 26.55% over the past 12 months.
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares
- 1D
- 0.31%
- 1M
- -0.98%
- YTD
- 11.05%
- 6M
- 13.67%
- 1Y
- 26.55%
- 3Y*
- 16.97%
- 5Y*
- 5.83%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
VFSAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 7, 2019, VFSAX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +13.1%, while the worst month was Mar 2020 at -20.5%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 3 months.
On a daily basis, VFSAX closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +7.9%, while the worst single day was Mar 12, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.27% | 5.13% | -9.36% | 8.79% | 1.85% | -1.03% | 11.05% | ||||||
| 2025 | 0.89% | 0.39% | 0.07% | 4.06% | 6.39% | 5.49% | -0.39% | 4.54% | 2.75% | -0.25% | 0.74% | 2.08% | 29.89% |
| 2024 | -3.03% | 1.74% | 2.82% | -1.67% | 4.27% | -1.48% | 3.36% | 1.67% | 2.88% | -4.72% | 0.20% | -3.01% | 2.58% |
| 2023 | 8.29% | -2.94% | 0.82% | 1.19% | -3.15% | 3.94% | 4.66% | -3.61% | -4.23% | -4.85% | 9.31% | 6.14% | 15.13% |
| 2022 | -5.87% | -1.74% | 0.16% | -7.18% | 0.46% | -10.59% | 5.70% | -4.05% | -11.20% | 3.49% | 11.31% | -1.79% | -21.30% |
| 2021 | -0.76% | 3.48% | 1.94% | 4.66% | 2.27% | -0.08% | 0.74% | 1.83% | -3.88% | 2.94% | -4.65% | 3.98% | 12.68% |
Benchmark Metrics
Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares has an annualized alpha of -1.19%, beta of 0.72, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since February 08, 2019.
- This fund participated in 100.24% of S&P 500 Index downside but only 80.19% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.19%
- Beta
- 0.72
- R²
- 0.69
- Upside Capture
- 80.19%
- Downside Capture
- 100.24%
Expense Ratio
VFSAX has an expense ratio of 0.16%, which is considered low.
Return for Risk
Risk / Return Rank
VFSAX ranks 46 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 FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) and compare them to S&P 500 Index.
| VFSAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.69 | -0.33 |
| Martin ratioReturn relative to average drawdown | 9.03 | 12.34 | -3.32 |
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 FTSE All-World ex-US Small-Cap Index Fund Admiral Shares provided a 2.98% dividend yield over the last twelve months, with an annual payout of $1.17 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.17 | $1.17 | $0.95 | $0.87 | $0.57 | $0.88 | $0.56 | $0.87 |
Dividend yield | 2.98% | 3.31% | 3.36% | 3.06% | 2.22% | 2.67% | 1.85% | 3.19% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard FTSE All-World ex-US Small-Cap Index 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.82 | $1.17 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.62 | $0.95 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.50 | $0.87 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.45 | $0.57 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.61 | $0.88 |
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 FTSE All-World ex-US Small-Cap Index 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 FTSE All-World ex-US Small-Cap Index Fund Admiral Shares was 39.86%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.
The current Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares drawdown is 1.68%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.86%Mar 2020 | 2mo 20d | 7mo 23d | 10mo 13dJan 2020 - Nov 2020 |
Bear market2022 | -33.81%Oct 2022 | 1y 1mo | 2y 7mo | 3y 8moSep 2021 - May 2025 |
2026 correction2026 | -11.48%Mar 2026 | 28d | 1mo 7d | 2mo 5dMar 2026 - May 2026 |
2019 pullback2019 | -8.00%Aug 2019 | 4mo 1d | 2mo 16d | 6mo 17dApr 2019 - Oct 2019 |
2025 pullback2025 | -5.29%Nov 2025 | 23d | 29d | 1mo 22dOct 2025 - Dec 2025 |
Drawdown Indicators
| VFSAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -56.78% | +16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.48% | -9.10% | -2.38% |
Max Drawdown (3Y)Largest decline over 3 years | -14.73% | -18.90% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -33.81% | -25.43% | -8.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.68% | -2.97% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -9.25% | -10.72% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 1.97% | +1.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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