- CUSIP
- 921946786
- Issuer
- Vanguard
- Inception Date
- Feb 7, 2019
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities, Dividend
- Min. Investment
- $3,000
- Index Tracked
- FTSE High Dividend Yield Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $95B
Share Price Chart
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Performance
VHYAX Performance Chart
Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) is up 11.4% since the beginning of the year. VHYAX is currently trading at $48 per share. Investors who bought $1,000 worth of VHYAX shares 5 years ago would now be looking at an investment worth $1,713.
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Returns By Period
Vanguard High Dividend Yield Index Fund Admiral Shares (VHYAX) has returned 11.37% so far this year and 24.22% over the past 12 months.
Vanguard High Dividend Yield Index Fund Admiral Shares
- 1D
- 0.50%
- 1M
- 1.98%
- YTD
- 11.37%
- 6M
- 9.59%
- 1Y
- 24.22%
- 3Y*
- 18.06%
- 5Y*
- 11.37%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.62%
- 1M
- -1.97%
- YTD
- 6.16%
- 6M
- 5.52%
- 1Y
- 20.34%
- 3Y*
- 19.12%
- 5Y*
- 11.34%
- 10Y*
- 13.24%
VHYAX Monthly Returns History
Based on dividend-adjusted daily data since Feb 7, 2019, VHYAX's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +12.3%, while the worst month was Mar 2020 at -13.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, VHYAX closed higher 54% of trading days. The best single day was Mar 13, 2020 with a return of +9.2%, while the worst single day was Mar 16, 2020 at -10.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.51% | 3.41% | -3.94% | 6.11% | 1.27% | -0.17% | 11.37% | ||||||
| 2025 | 3.74% | 1.25% | -3.18% | -3.50% | 3.76% | 4.00% | 0.60% | 3.71% | 1.96% | -0.33% | 3.42% | -0.63% | 15.39% |
| 2024 | 0.59% | 2.74% | 5.38% | -3.83% | 2.93% | -0.18% | 4.75% | 2.54% | 1.29% | -0.34% | 5.35% | -4.50% | 17.39% |
| 2023 | 2.36% | -3.47% | -0.62% | 1.26% | -5.18% | 5.61% | 3.97% | -2.40% | -3.37% | -2.73% | 6.24% | 5.76% | 6.68% |
| 2022 | -0.47% | -1.52% | 2.75% | -4.17% | 3.48% | -7.89% | 4.63% | -2.46% | -7.89% | 12.20% | 6.39% | -3.57% | -0.45% |
| 2021 | -0.62% | 4.59% | 6.79% | 2.63% | 3.04% | -1.16% | 0.54% | 2.14% | -3.26% | 4.91% | -2.29% | 6.72% | 26.08% |
Benchmark Metrics
Vanguard High Dividend Yield Index Fund Admiral Shares has an annualized alpha of 0.66%, beta of 0.83, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since February 07, 2019.
- This fund participated in 84.76% of S&P 500 Index downside but only 80.49% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.66%
- Beta
- 0.83
- R²
- 0.82
- Upside Capture
- 80.49%
- Downside Capture
- 84.76%
Expense Ratio
VHYAX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
VHYAX ranks 83 for risk / return — in the top 83% 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 High Dividend Yield Index Fund Admiral Shares (VHYAX) and compare them to S&P 500 Index.
| VHYAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.30 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 2.25 | +1.46 |
| Martin ratioReturn relative to average drawdown | 13.95 | 10.14 | +3.81 |
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 High Dividend Yield Index Fund Admiral Shares provided a 2.19% dividend yield over the last twelve months, with an annual payout of $1.05 per share. The fund has been increasing its distributions for 6 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.05 | $1.05 | $1.05 | $1.04 | $0.97 | $0.93 | $0.87 | $0.85 |
Dividend yield | 2.19% | 2.42% | 2.72% | 3.09% | 2.98% | 2.74% | 3.16% | 3.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard High Dividend Yield 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 | $0.26 | $0.00 | $0.00 | $0.00 | $0.26 | ||||||
| 2025 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.28 | $1.05 |
| 2024 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.29 | $1.05 |
| 2023 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.33 | $1.04 |
| 2022 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.29 | $0.97 |
| 2021 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.28 | $0.93 |
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 High Dividend Yield 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 High Dividend Yield Index Fund Admiral Shares was 35.14%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current Vanguard High Dividend Yield Index Fund Admiral Shares drawdown is 1.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -35.14%Mar 2020 | 2mo 2d | 9mo 19d | 11mo 21dJan 2020 - Jan 2021 |
Bear market2022 | -15.87%Sep 2022 | 5mo 12d | 2mo 1d | 7mo 13dApr 2022 - Nov 2022 |
2025 selloff2025 | -14.42%Apr 2025 | 1mo 17d | 2mo 23d | 4mo 10dFeb 2025 - Jun 2025 |
2023 correction2023 | -10.04%Oct 2023 | 11mo | 1mo 17d | 1y 12dDec 2022 - Dec 2023 |
2026 pullback2026 | -6.75%Mar 2026 | 1mo 6d | 1mo 4d | 2mo 10dFeb 2026 - Apr 2026 |
Drawdown Indicators
| VHYAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.14% | -56.78% | +21.64% |
Max Drawdown (1Y)Largest decline over 1 year | -6.75% | -9.10% | +2.35% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -18.90% | +4.48% |
Max Drawdown (5Y)Largest decline over 5 years | -15.87% | -25.43% | +9.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.38% | -4.50% | +3.12% |
Average DrawdownAverage peak-to-trough decline | -3.77% | -10.72% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.01% | -0.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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