- ISIN
- US9229085793
- CUSIP
- 922908579
- Issuer
- Vanguard
- Inception Date
- Feb 2, 2004
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities
- Index Tracked
- CRSP US Large Cap Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $75B
Share Price Chart
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Performance
VLCAX Performance Chart
Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) is up 10.0% since the beginning of the year. VLCAX is currently trading at $174 per share. Investors who bought $1,000 worth of VLCAX shares 5 years ago would now be looking at an investment worth $1,894.
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Returns By Period
Vanguard Large-Cap Index Fund Admiral Shares (VLCAX) has returned 9.98% so far this year and 26.89% over the past 12 months. Looking at the last ten years, VLCAX has achieved an annualized return of 15.57%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Vanguard Large-Cap Index Fund Admiral Shares
- 1D
- 1.11%
- 1M
- 0.66%
- YTD
- 9.98%
- 6M
- 9.47%
- 1Y
- 26.89%
- 3Y*
- 21.18%
- 5Y*
- 13.63%
- 10Y*
- 15.57%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VLCAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 30, 2004, VLCAX's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +13.1%, while the worst month was Oct 2008 at -17.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VLCAX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +11.6%, while the worst single day was Mar 16, 2020 at -12.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.16% | -0.96% | -4.95% | 10.54% | 5.41% | -0.88% | 9.98% | ||||||
| 2025 | 3.03% | -1.50% | -5.81% | -0.45% | 6.43% | 5.16% | 2.32% | 1.93% | 3.75% | 2.37% | 0.13% | -0.04% | 18.09% |
| 2024 | 1.66% | 5.33% | 3.08% | -4.10% | 4.83% | 3.74% | 1.11% | 2.48% | 2.08% | -0.77% | 6.09% | -2.41% | 25.10% |
| 2023 | 6.42% | -2.34% | 3.66% | 1.38% | 0.71% | 6.61% | 3.38% | -1.65% | -4.66% | -2.16% | 9.40% | 4.60% | 27.26% |
| 2022 | -5.71% | -3.03% | 3.53% | -9.08% | -0.29% | -8.23% | 9.23% | -3.92% | -9.24% | 7.92% | 5.41% | -5.87% | -19.69% |
| 2021 | -0.88% | 2.66% | 3.83% | 5.39% | 0.49% | 2.70% | 2.29% | 2.98% | -4.71% | 7.06% | -1.03% | 3.93% | 27.02% |
Benchmark Metrics
Vanguard Large-Cap Index Fund Admiral Shares has an annualized alpha of 1.93%, beta of 1.00, and R2 of 1.00 versus S&P 500 Index. Calculated based on daily prices since January 30, 2004.
- This fund captured 106.56% of S&P 500 Index gains but only 96.85% of its losses - a favorable profile for investors.
- With beta of 1.00 and R2 of 1.00, 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
- 1.93%
- Beta
- 1.00
- R²
- 1.00
- Upside Capture
- 106.56%
- Downside Capture
- 96.85%
Expense Ratio
VLCAX has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
VLCAX ranks 62 for risk / return — better than 62% 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 Large-Cap Index Fund Admiral Shares (VLCAX) 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.
| VLCAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 2.78 | +0.12 |
| Martin ratioReturn relative to average drawdown | 12.95 | 12.44 | +0.51 |
Dividends
Dividend History
Vanguard Large-Cap Index Fund Admiral Shares provided a 0.97% dividend yield over the last twelve months, with an annual payout of $1.69 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.69 | $1.71 | $1.67 | $1.55 | $1.46 | $1.31 | $1.29 | $1.34 | $1.21 | $1.08 | $1.02 | $0.93 |
Dividend yield | 0.97% | 1.08% | 1.23% | 1.40% | 1.66% | 1.18% | 1.45% | 1.80% | 2.08% | 1.75% | 1.98% | 1.96% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Large-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 | $0.43 | $0.00 | $0.00 | $0.00 | $0.43 | ||||||
| 2025 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.43 | $1.71 |
| 2024 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.43 | $1.67 |
| 2023 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.46 | $1.55 |
| 2022 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.41 | $1.46 |
| 2021 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.38 | $1.31 |
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 Large-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 Large-Cap Index Fund Admiral Shares was 54.76%, occurring on Mar 9, 2009. Recovery took 760 trading sessions.
The current Vanguard Large-Cap Index Fund Admiral Shares drawdown is 1.35%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -54.76%Mar 2009 | 1y 5mo | 3y 5d | 4y 5moOct 2007 - Mar 2012 |
COVID crash2020 | -33.97%Mar 2020 | 1mo 2d | 4mo 16d | 5mo 18dFeb 2020 - Aug 2020 |
Bear market2022 | -25.65%Oct 2022 | 9mo 18d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -19.45%Dec 2018 | 3mo 4d | 3mo 19d | 6mo 23dSep 2018 - Apr 2019 |
2025 selloff2025 | -19.01%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
Drawdown Indicators
| VLCAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.76% | -56.78% | +2.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -9.10% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -19.01% | -18.90% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -25.65% | -25.43% | -0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -33.97% | -33.92% | -0.05% |
Current DrawdownCurrent decline from peak | -1.35% | -1.80% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -6.85% | -10.71% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.03% | +0.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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