- ISIN
- US9229088847
- CUSIP
- 922908884
- Issuer
- Vanguard
- Inception Date
- Jul 7, 1997
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $94B
Share Price Chart
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Performance
VIEIX Performance Chart
Vanguard Extended Market Index Fund Institutional Shares (VIEIX) is up 15.6% since the beginning of the year. VIEIX is currently trading at $183 per share. Investors who bought $1,000 worth of VIEIX shares 5 years ago would now be looking at an investment worth $1,364.
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Returns By Period
Vanguard Extended Market Index Fund Institutional Shares (VIEIX) has returned 15.56% so far this year and 29.40% over the past 12 months. Over the last ten years, VIEIX has returned 12.64% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Vanguard Extended Market Index Fund Institutional Shares
- 1D
- -0.12%
- 1M
- 4.29%
- YTD
- 15.56%
- 6M
- 13.21%
- 1Y
- 29.40%
- 3Y*
- 20.28%
- 5Y*
- 6.40%
- 10Y*
- 12.64%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
VIEIX Monthly Returns History
Based on dividend-adjusted daily data since Jul 7, 1997, VIEIX's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +18.3%, while the worst month was Oct 2008 at -21.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VIEIX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -14.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.39% | 1.07% | -4.58% | 9.94% | 4.47% | 1.90% | 15.56% | ||||||
| 2025 | 4.98% | -5.78% | -7.93% | -0.76% | 7.22% | 5.41% | 2.54% | 4.08% | 2.04% | 1.16% | -0.48% | -0.52% | 11.42% |
| 2024 | -3.58% | 6.04% | 3.34% | -6.47% | 3.36% | -0.10% | 6.19% | 0.24% | 1.55% | 0.61% | 11.95% | -7.05% | 15.49% |
| 2023 | 10.81% | -1.64% | -2.89% | -2.17% | 0.47% | 8.32% | 5.90% | -4.05% | -4.88% | -6.25% | 11.20% | 11.81% | 26.97% |
| 2022 | -10.09% | -0.01% | 0.86% | -10.58% | -2.23% | -9.26% | 10.28% | -2.09% | -9.93% | 8.56% | 3.59% | -6.52% | -26.46% |
| 2021 | 2.87% | 5.20% | -0.40% | 4.22% | -0.66% | 3.46% | -1.22% | 2.01% | -4.00% | 5.43% | -5.01% | 0.56% | 12.46% |
Benchmark Metrics
Vanguard Extended Market Index Fund Institutional Shares has an annualized alpha of 1.66%, beta of 1.06, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since July 07, 1997.
- This fund captured 121.35% of S&P 500 Index gains and 111.81% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.06 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
- 1.66%
- Beta
- 1.06
- R²
- 0.82
- Upside Capture
- 121.35%
- Downside Capture
- 111.81%
Expense Ratio
VIEIX has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
VIEIX ranks 47 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 Extended Market Index Fund Institutional Shares (VIEIX) 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.
| VIEIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.46 | +0.53 |
| Martin ratioReturn relative to average drawdown | 10.48 | 10.92 | -0.43 |
Dividends
Dividend History
Vanguard Extended Market Index Fund Institutional Shares provided a 1.01% dividend yield over the last twelve months, with an annual payout of $1.84 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.84 | $1.81 | $1.59 | $1.59 | $1.17 | $1.58 | $1.35 | $1.25 | $1.27 | $1.07 | $1.05 | $0.87 |
Dividend yield | 1.01% | 1.14% | 1.10% | 1.26% | 1.16% | 1.14% | 1.08% | 1.31% | 1.67% | 1.27% | 1.45% | 1.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Extended Market 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 | $0.50 | $0.00 | $0.00 | $0.00 | $0.50 | ||||||
| 2025 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.50 | $1.81 |
| 2024 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.44 | $1.59 |
| 2023 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.52 | $1.59 |
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.52 | $1.17 |
| 2021 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.58 | $1.58 |
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 Extended Market 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 Extended Market Index Fund Institutional Shares was 58.03%, occurring on Mar 9, 2009. Recovery took 457 trading sessions.
The current Vanguard Extended Market Index Fund Institutional Shares drawdown is 0.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.03%Mar 2009 | 1y 5mo | 1y 9mo | 3y 2moOct 2007 - Dec 2010 |
Dot-com crash2000–2002 | -56.97%Oct 2002 | 2y 7mo | 3y 3mo | 5y 10moMar 2000 - Jan 2006 |
COVID crash2020 | -41.62%Mar 2020 | 26d | 5mo 11d | 6mo 7dFeb 2020 - Aug 2020 |
Bear market2022 | -36.32%Jun 2022 | 7mo 9d | 2y 4mo | 2y 12moNov 2021 - Nov 2024 |
1998 bear market1998 | -33.02%Oct 1998 | 5mo 19d | 6mo 16d | 1yApr 1998 - Apr 1999 |
Drawdown Indicators
| VIEIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -56.78% | -1.25% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -9.10% | -1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -26.84% | -18.90% | -7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -36.32% | -25.43% | -10.89% |
Max Drawdown (10Y)Largest decline over 10 years | -41.62% | -33.92% | -7.70% |
Current DrawdownCurrent decline from peak | -0.24% | -3.21% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -13.81% | -10.71% | -3.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.04% | +0.87% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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