- ISIN
- US9219328518
- CUSIP
- 921932851
- Issuer
- Vanguard
- Inception Date
- Mar 28, 2011
- Region
- North America (U.S.)
- Category
- Mid Cap Growth Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
VMFGX Performance Chart
Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) is up 18.9% since the beginning of the year. VMFGX is currently trading at $570 per share. Investors who bought $1,000 worth of VMFGX shares 5 years ago would now be looking at an investment worth $1,527.
Loading charts...
Returns By Period
Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) has returned 18.87% so far this year and 29.92% over the past 12 months. Over the last ten years, VMFGX has returned 11.68% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares
- 1D
- 0.71%
- 1M
- 5.67%
- YTD
- 18.87%
- 6M
- 19.12%
- 1Y
- 29.92%
- 3Y*
- 18.07%
- 5Y*
- 8.83%
- 10Y*
- 11.68%
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
VMFGX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2012, VMFGX's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 66% of months were positive and 34% were negative. The best month was Apr 2020 with a return of +14.0%, while the worst month was Mar 2020 at -16.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VMFGX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +10.8%, while the worst single day was Mar 16, 2020 at -13.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.98% | 5.79% | -5.54% | 8.11% | 4.94% | 0.83% | 18.87% | ||||||
| 2025 | 3.75% | -5.58% | -6.45% | -0.17% | 6.19% | 3.41% | 2.16% | 2.34% | 0.99% | 0.29% | 1.15% | -0.16% | 7.43% |
| 2024 | -0.37% | 9.70% | 5.76% | -6.00% | 4.11% | -1.29% | 4.22% | -0.75% | 1.14% | -1.34% | 8.76% | -7.57% | 15.86% |
| 2023 | 7.12% | -0.83% | -1.13% | -0.52% | -2.79% | 8.70% | 3.79% | -2.09% | -4.81% | -4.87% | 7.59% | 7.41% | 17.42% |
| 2022 | -10.39% | 0.96% | 0.52% | -7.63% | -0.76% | -9.98% | 12.70% | -3.37% | -8.84% | 9.43% | 5.74% | -6.04% | -18.99% |
| 2021 | 1.84% | 4.10% | 2.39% | 4.15% | -1.75% | 1.07% | 0.95% | 1.44% | -4.27% | 7.56% | -3.57% | 4.11% | 18.83% |
Benchmark Metrics
Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares has an annualized alpha of -1.07%, beta of 1.06, and R2 of 0.84 versus S&P 500 Index. Calculated based on daily prices since January 04, 2012.
- With beta of 1.06 and R2 of 0.84, 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
- -1.07%
- Beta
- 1.06
- R²
- 0.84
- Upside Capture
- 99.84%
- Downside Capture
- 103.77%
Expense Ratio
VMFGX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
VMFGX ranks 50 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 S&P Mid-Cap 400 Growth Index Fund Institutional Shares (VMFGX) and compare them to S&P 500 Index.
| VMFGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.41 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | 2.93 | +0.26 |
| Martin ratioReturn relative to average drawdown | 12.69 | 13.52 | -0.83 |
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 S&P Mid-Cap 400 Growth Index Fund Institutional Shares provided a 0.59% dividend yield over the last twelve months, with an annual payout of $3.37 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.37 | $3.37 | $3.77 | $4.75 | $3.79 | $2.24 | $2.80 | $3.58 | $2.76 | $2.47 | $2.55 | $2.24 |
Dividend yield | 0.59% | 0.70% | 0.84% | 1.21% | 1.12% | 0.53% | 0.79% | 1.22% | 1.18% | 0.93% | 1.14% | 1.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard S&P Mid-Cap 400 Growth 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.37 | $3.37 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.77 | $3.77 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.75 | $4.75 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.79 | $3.79 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.24 | $2.24 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard S&P Mid-Cap 400 Growth 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 S&P Mid-Cap 400 Growth Index Fund Institutional Shares was 39.15%, occurring on Mar 23, 2020. Recovery took 99 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.15%Mar 2020 | 1mo 1d | 4mo 22d | 5mo 23dFeb 2020 - Aug 2020 |
Bear market2022 | -29.25%Jun 2022 | 7mo 1d | 1y 8mo | 2y 3moNov 2021 - Feb 2024 |
2025 selloff2025 | -25.45%Apr 2025 | 4mo 13d | 8mo 6d | 1y 14dNov 2024 - Dec 2025 |
Rate-hike selloffLate 2018 | -23.89%Dec 2018 | 3mo 8d | 11mo 8d | 1y 2moSep 2018 - Nov 2019 |
2016 correction2016 | -18.31%Feb 2016 | 5mo 27d | 4mo 28d | 10mo 25dAug 2015 - Jul 2016 |
Drawdown Indicators
| VMFGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.15% | -56.78% | +17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -9.10% | -0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -25.45% | -18.90% | -6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -29.25% | -25.43% | -3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -39.15% | -33.92% | -5.23% |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -10.72% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 1.97% | +0.51% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with VMFGX
Add Vanguard S&P Mid-Cap 400 Growth Index Fund Institutional Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with VMFGX