- ISIN
- US9229083897
- CUSIP
- 922908389
- Issuer
- Vanguard
- Inception Date
- Dec 15, 2010
- Region
- North America (U.S.)
- Category
- Mid Cap Blend Equities
- Min. Investment
- $100,000,000
- Index Tracked
- CRSP US Mid Cap Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $224B
Share Price Chart
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Performance
VMCPX Performance Chart
Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) is up 12.3% since the beginning of the year. VMCPX is currently trading at $437 per share. Investors who bought $1,000 worth of VMCPX shares 5 years ago would now be looking at an investment worth $1,454.
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Returns By Period
Vanguard Mid-Cap Index Fund Institutional Plus Shares (VMCPX) has returned 12.34% so far this year and 16.48% over the past 12 months. Over the last ten years, VMCPX has returned 11.50% per year, falling short of the S&P 500 Index benchmark, which averaged 13.29% annually.
Vanguard Mid-Cap Index Fund Institutional Plus Shares
- 1D
- -0.08%
- 1M
- 0.47%
- 6M
- 9.55%
- YTD
- 12.34%
- 1Y
- 16.48%
- 3Y*
- 14.31%
- 5Y*
- 7.78%
- 10Y*
- 11.50%
- ALL TIME*
- 11.52%
Benchmark (S&P 500 Index)
- 1D
- 1.48%
- 1M
- 1.57%
- 6M
- 8.95%
- YTD
- 11.03%
- 1Y
- 21.84%
- 3Y*
- 19.28%
- 5Y*
- 11.54%
- 10Y*
- 13.29%
- ALL TIME*
- 8.11%
VMCPX Monthly Returns History
Based on dividend-adjusted daily data since Dec 13, 2010, VMCPX's average daily return is +0.05%, while the average monthly return is +1.02%. At this rate, an investment would double in approximately 5.7 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +14.4%, while the worst month was Mar 2020 at -18.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VMCPX closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +10.9%, while the worst single day was Mar 16, 2020 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.09% | 3.36% | -5.82% | 7.70% | 2.06% | 2.40% | 0.44% | 12.34% | |||||
| 2025 | 4.44% | -1.87% | -3.96% | -0.93% | 5.49% | 4.02% | 2.02% | 1.54% | 1.61% | -0.97% | 0.45% | -0.29% | 11.70% |
| 2024 | -1.98% | 5.03% | 4.26% | -4.75% | 2.75% | -0.62% | 4.03% | 2.53% | 2.54% | -0.43% | 8.28% | -6.83% | 14.68% |
| 2023 | 7.95% | -2.70% | -1.12% | -0.75% | -2.64% | 8.42% | 3.53% | -3.59% | -4.89% | -4.73% | 10.01% | 7.66% | 16.55% |
| 2022 | -7.86% | -0.99% | 2.69% | -8.05% | -0.31% | -9.40% | 9.61% | -2.97% | -9.87% | 8.52% | 6.15% | -5.35% | -18.68% |
| 2021 | -0.52% | 5.25% | 2.37% | 4.82% | 0.81% | 1.81% | 1.29% | 3.02% | -4.15% | 6.61% | -2.51% | 3.90% | 24.54% |
Benchmark Metrics
Vanguard Mid-Cap Index Fund Institutional Plus Shares has an annualized alpha of -0.64%, beta of 1.02, and R2 of 0.91 versus S&P 500 Index. Calculated based on daily prices since December 13, 2010.
- With beta of 1.02 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
- -0.64%
- Beta
- 1.02
- R²
- 0.91
- Upside Capture
- 98.81%
- Downside Capture
- 102.03%
Expense Ratio
VMCPX has an expense ratio of 0.02%, which is considered low.
Return for Risk
Risk / Return Rank
VMCPX ranks 39 for risk / return — above 39% 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 Mid-Cap Index Fund Institutional Plus Shares (VMCPX) 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.
| VMCPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.31 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 2.41 | -0.56 |
| Martin ratioReturn relative to average drawdown | 7.05 | 10.22 | -3.17 |
Dividends
Dividend History
Vanguard Mid-Cap Index Fund Institutional Plus Shares provided a 1.33% dividend yield over the last twelve months, with an annual payout of $5.81 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.81 | $6.00 | $5.35 | $4.80 | $4.44 | $3.89 | $4.06 | $3.59 | $3.43 | $2.86 | $2.61 | $2.42 |
Dividend yield | 1.33% | 1.53% | 1.50% | 1.52% | 1.61% | 1.13% | 1.45% | 1.49% | 1.84% | 1.37% | 1.47% | 1.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Mid-Cap Index Fund Institutional Plus 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 | $1.46 | $0.00 | $0.00 | $1.39 | $0.00 | $2.85 | |||||
| 2025 | $0.00 | $0.00 | $1.58 | $0.00 | $0.00 | $1.45 | $0.00 | $0.00 | $1.40 | $0.00 | $0.00 | $1.56 | $6.00 |
| 2024 | $0.00 | $0.00 | $1.32 | $0.00 | $0.00 | $1.26 | $0.00 | $0.00 | $1.29 | $0.00 | $0.00 | $1.48 | $5.35 |
| 2023 | $0.00 | $0.00 | $1.03 | $0.00 | $0.00 | $1.10 | $0.00 | $0.00 | $1.06 | $0.00 | $0.00 | $1.60 | $4.80 |
| 2022 | $0.00 | $0.00 | $1.02 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $1.09 | $0.00 | $0.00 | $1.52 | $4.44 |
| 2021 | $0.00 | $0.00 | $0.86 | $0.00 | $0.00 | $0.94 | $0.00 | $0.00 | $0.84 | $0.00 | $0.00 | $1.25 | $3.89 |
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 Mid-Cap Index Fund Institutional Plus 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 Mid-Cap Index Fund Institutional Plus Shares was 39.30%, occurring on Mar 23, 2020. Recovery took 114 trading sessions.
The current Vanguard Mid-Cap Index Fund Institutional Plus Shares drawdown is 0.52%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-39.30%Mar 2020 | 1mo 1d | 5mo 13d | 6mo 14dFeb 2020 - Sep 2020 | COVID crash2020 |
-27.54%Oct 2022 | 11mo 1d | 1y 9mo | 2y 8moNov 2021 - Jul 2024 | Bear market2022 |
-24.60%Oct 2011 | 2mo 27d | 5mo 12d | 8mo 9dJul 2011 - Mar 2012 | — |
-21.21%Dec 2018 | 3mo 26d | 3mo 12d | 7mo 8dAug 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-19.66%Feb 2016 | 8mo 25d | 5mo 12d | 1y 2moMay 2015 - Jul 2016 | — |
Drawdown Indicators
| VMCPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.30% | -56.78% | +17.48% |
Max Drawdown (1Y)Largest decline over 1 year | -8.13% | -9.10% | +0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -18.93% | -18.90% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -27.54% | -25.43% | -2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -39.30% | -33.92% | -5.38% |
Current DrawdownCurrent decline from peak | -0.52% | -0.12% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -5.17% | -10.70% | +5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.14% | -0.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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