- ISIN
- US9229088508
- CUSIP
- 922908850
- Issuer
- Vanguard
- Inception Date
- Jul 2, 1998
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
VIVIX Performance Chart
Vanguard Value Index Fund Institutional Shares (VIVIX) is up 11.3% since the beginning of the year. VIVIX is currently trading at $82 per share. Investors who bought $1,000 worth of VIVIX shares 5 years ago would now be looking at an investment worth $1,698.
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Returns By Period
Vanguard Value Index Fund Institutional Shares (VIVIX) has returned 11.28% so far this year and 25.77% over the past 12 months. Over the last ten years, VIVIX has returned 12.38% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Vanguard Value Index Fund Institutional Shares
- 1D
- -0.21%
- 1M
- 2.65%
- YTD
- 11.28%
- 6M
- 13.13%
- 1Y
- 25.77%
- 3Y*
- 17.91%
- 5Y*
- 11.17%
- 10Y*
- 12.38%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
VIVIX Monthly Returns History
Based on dividend-adjusted daily data since Jul 2, 1998, VIVIX's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +12.9%, while the worst month was Oct 2008 at -16.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VIVIX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.3%, while the worst single day was Mar 16, 2020 at -11.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.58% | 3.79% | -4.82% | 5.36% | 2.46% | -0.21% | 11.28% | ||||||
| 2025 | 4.39% | 0.78% | -2.46% | -3.52% | 2.91% | 3.64% | 0.17% | 3.45% | 2.32% | -0.41% | 2.57% | 0.80% | 15.30% |
| 2024 | 0.94% | 3.37% | 5.20% | -3.98% | 2.95% | 0.22% | 4.71% | 2.88% | 1.57% | -1.39% | 5.52% | -6.32% | 15.99% |
| 2023 | 2.79% | -3.22% | -0.50% | 1.76% | -4.12% | 6.15% | 3.43% | -2.35% | -3.29% | -2.66% | 6.72% | 5.00% | 9.23% |
| 2022 | -1.03% | -1.14% | 3.23% | -4.72% | 2.33% | -7.97% | 5.22% | -2.72% | -7.91% | 11.89% | 6.06% | -3.36% | -2.05% |
| 2021 | -0.80% | 5.04% | 6.52% | 3.53% | 2.87% | -1.19% | 1.01% | 2.12% | -3.95% | 5.45% | -3.02% | 6.89% | 26.50% |
Benchmark Metrics
Vanguard Value Index Fund Institutional Shares has an annualized alpha of 1.24%, beta of 0.95, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since July 06, 1998.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (96.74%) than losses (93.34%) - typical of diversified or defensive assets.
- With beta of 0.95 and R2 of 0.91, 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
- 1.24%
- Beta
- 0.95
- R²
- 0.91
- Upside Capture
- 96.74%
- Downside Capture
- 93.34%
Expense Ratio
VIVIX has an expense ratio of 0.04%, which is considered low.
Return for Risk
Risk / Return Rank
VIVIX ranks 79 for risk / return — better than 79% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Value Index Fund Institutional Shares (VIVIX) and compare them to S&P 500 Index.
| VIVIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.59 | 2.39 | +0.21 |
Sortino ratioReturn per unit of downside risk | 3.70 | 3.25 | +0.45 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.43 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 4.09 | 3.11 | +0.98 |
Martin ratioReturn relative to average drawdown | 15.42 | 14.38 | +1.04 |
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 Value Index Fund Institutional Shares provided a 1.88% dividend yield over the last twelve months, with an annual payout of $1.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.55 | $1.52 | $1.53 | $1.43 | $1.38 | $1.23 | $1.19 | $1.17 | $1.04 | $0.95 | $0.89 | $0.83 |
Dividend yield | 1.88% | 2.04% | 2.31% | 2.46% | 2.52% | 2.15% | 2.55% | 2.50% | 2.73% | 2.30% | 2.46% | 2.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Value 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 | $0.42 | $0.00 | $0.00 | $0.00 | $0.42 | ||||||
| 2025 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.38 | $1.52 |
| 2024 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.38 | $1.53 |
| 2023 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.40 | $1.43 |
| 2022 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.41 | $1.38 |
| 2021 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.35 | $1.23 |
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 Value 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 Value Index Fund Institutional Shares was 59.30%, occurring on Mar 5, 2009. Recovery took 985 trading sessions.
The current Vanguard Value Index Fund Institutional Shares drawdown is 0.30%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.30%Mar 2009 | 1y 7mo | 3y 11mo | 5y 6moJul 2007 - Feb 2013 |
Dot-com crash2000–2002 | -44.30%Oct 2002 | 1y 8mo | 2y 2mo | 3y 10moFeb 2001 - Dec 2004 |
COVID crash2020 | -36.80%Mar 2020 | 2mo 2d | 8mo 16d | 10mo 18dJan 2020 - Dec 2020 |
1998 bear market1998 | -21.02%Aug 1998 | 1mo 12d | 6mo 19d | 8mo 1dJul 1998 - Mar 1999 |
Rate-hike selloffLate 2018 | -17.45%Dec 2018 | 3mo 1d | 4mo 7d | 7mo 8dSep 2018 - Apr 2019 |
Drawdown Indicators
| VIVIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.30% | -56.78% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.36% | -9.10% | +2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -14.40% | -18.90% | +4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -17.12% | -25.43% | +8.31% |
Max Drawdown (10Y)Largest decline over 10 years | -36.80% | -33.92% | -2.88% |
Current DrawdownCurrent decline from peak | -0.30% | 0.00% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -10.72% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.97% | -0.28% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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