- ISIN
- US9220427267
- CUSIP
- 922042726
- Issuer
- Vanguard
- Inception Date
- Apr 2, 2009
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
VFSNX Performance Chart
Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) is up 5.5% since the beginning of the year. VFSNX is currently trading at $288 per share. Investors who bought $1,000 worth of VFSNX shares 5 years ago would now be looking at an investment worth $1,276.
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Returns By Period
Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) has returned 5.53% so far this year and 16.42% over the past 12 months. Over the last ten years, VFSNX has returned 7.47% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares
- 1D
- 1.91%
- 1M
- -2.41%
- 6M
- -0.72%
- YTD
- 5.53%
- 1Y
- 16.42%
- 3Y*
- 12.78%
- 5Y*
- 4.99%
- 10Y*
- 7.47%
- ALL TIME*
- 9.17%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
VFSNX Monthly Returns History
Based on dividend-adjusted daily data since Mar 20, 2009, VFSNX's average daily return is +0.04%, while the average monthly return is +0.86%. At this rate, an investment would double in approximately 6.7 years.
Historically, 58% of months were positive and 42% were negative. The best month was May 2009 with a return of +17.2%, while the worst month was Mar 2020 at -20.5%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VFSNX 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 | 6.29% | 5.13% | -9.35% | 8.81% | 1.84% | -3.64% | -2.43% | 5.53% | |||||
| 2025 | 0.90% | 0.40% | 0.09% | 4.06% | 6.39% | 5.48% | -0.39% | 4.57% | 2.75% | -0.27% | 0.76% | 2.06% | 29.97% |
| 2024 | -3.03% | 1.78% | 2.81% | -1.66% | 4.29% | -1.48% | 3.35% | 1.69% | 2.86% | -4.70% | 0.20% | -3.02% | 2.63% |
| 2023 | 8.32% | -2.94% | 0.81% | 1.21% | -3.17% | 3.95% | 4.67% | -3.59% | -4.25% | -4.83% | 9.30% | 6.14% | 15.18% |
| 2022 | -5.86% | -1.73% | 0.19% | -7.20% | 0.45% | -10.57% | 5.71% | -4.05% | -11.20% | 3.51% | 11.29% | -1.79% | -21.26% |
| 2021 | -0.75% | 3.49% | 1.95% | 4.66% | 2.27% | -0.09% | 0.75% | 1.85% | -3.88% | 2.93% | -4.64% | 3.98% | 12.74% |
Benchmark Metrics
Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares has an annualized alpha of -1.05%, beta of 0.77, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since March 20, 2009.
- This fund participated in 105.78% of S&P 500 Index downside but only 86.00% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.05%
- Beta
- 0.77
- R²
- 0.68
- Upside Capture
- 86.00%
- Downside Capture
- 105.78%
Expense Ratio
VFSNX has an expense ratio of 0.11%, which is considered low.
Return for Risk
Risk / Return Rank
VFSNX ranks 29 for risk / return — above 29% of mutual funds peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares (VFSNX) 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.
| VFSNX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.00 | -0.63 |
| Martin ratioReturn relative to average drawdown | 4.39 | 8.49 | -4.10 |
Dividends
Dividend History
Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares provided a 3.29% dividend yield over the last twelve months, with an annual payout of $9.45 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $9.45 | $9.21 | $7.44 | $6.83 | $4.45 | $6.92 | $4.42 | $6.90 | $5.08 | $6.48 | $5.26 | $4.76 |
Dividend yield | 3.29% | 3.36% | 3.41% | 3.11% | 2.26% | 2.70% | 1.90% | 3.25% | 2.81% | 2.85% | 2.93% | 2.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional 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 | $1.63 | $0.00 | $1.63 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.38 | $0.00 | $0.00 | $1.44 | $0.00 | $0.00 | $6.39 | $9.21 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.56 | $0.00 | $0.00 | $1.05 | $0.00 | $0.00 | $4.84 | $7.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.87 | $0.00 | $0.00 | $1.05 | $0.00 | $0.00 | $3.91 | $6.83 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $3.47 | $4.45 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.06 | $0.00 | $0.00 | $1.11 | $0.00 | $0.00 | $4.74 | $6.92 |
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 Institutional 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 Institutional Shares was 43.65%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current Vanguard FTSE All-World ex-US Small-Cap Index Fund Institutional Shares drawdown is 6.61%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-43.65%Mar 2020 | 2y 1mo | 8mo 16d | 2y 10moJan 2018 - Dec 2020 | COVID crash2020 |
-33.75%Oct 2022 | 1y 1mo | 2y 7mo | 3y 8moSep 2021 - May 2025 | Bear market2022 |
-28.01%Oct 2011 | 5mo 4d | 1y 11mo | 2y 4moMay 2011 - Sep 2013 | — |
-23.53%Feb 2016 | 1y 7mo | 1y 2mo | 2y 9moJul 2014 - Apr 2017 | — |
-17.47%May 2010 | 1mo 10d | 3mo 27d | 5mo 7dApr 2010 - Sep 2010 | — |
Drawdown Indicators
| VFSNX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -56.78% | +13.13% |
Max Drawdown (1Y)Largest decline over 1 year | -11.47% | -9.10% | -2.37% |
Max Drawdown (3Y)Largest decline over 3 years | -14.70% | -18.90% | +4.20% |
Max Drawdown (5Y)Largest decline over 5 years | -33.75% | -25.43% | -8.32% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -33.92% | -9.73% |
Current DrawdownCurrent decline from peak | -6.61% | -1.58% | -5.03% |
Average DrawdownAverage peak-to-trough decline | -9.44% | -10.70% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 2.14% | +1.43% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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