Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX)
Fund Info
921910782
Apr 3, 2008
North America (U.S.)
$5,000,000
Large-Cap
Growth
Expense Ratio
VMGAX has an expense ratio of 0.06%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard Mega Cap Growth Index Fund Institutional Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) returned -5.68% year-to-date (YTD) and 14.10% over the past 12 months. Over the past 10 years, VMGAX delivered an annualized return of 15.48%, outperforming the S&P 500 benchmark at 10.43%.
VMGAX
-5.68%
18.35%
-4.34%
14.10%
17.39%
15.48%
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of VMGAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.49% | -2.82% | -8.74% | 2.45% | 2.29% | -5.68% | |||||||
| 2024 | 2.57% | 6.95% | 0.88% | -4.56% | 6.89% | 7.45% | -2.18% | 2.52% | 2.35% | -0.58% | 6.20% | 1.16% | 32.98% |
| 2023 | 10.71% | -1.40% | 9.01% | 1.78% | 5.97% | 6.84% | 3.20% | -0.68% | -5.85% | -1.07% | 11.64% | 3.71% | 51.57% |
| 2022 | -8.59% | -5.26% | 4.14% | -12.99% | -2.58% | -8.61% | 13.43% | -5.26% | -10.59% | 3.84% | 4.58% | -8.83% | -33.55% |
| 2021 | -0.99% | 0.28% | 2.28% | 7.38% | -1.55% | 5.95% | 3.56% | 3.75% | -5.41% | 8.21% | 0.93% | 1.77% | 28.50% |
| 2020 | 3.47% | -6.42% | -9.65% | 14.96% | 6.49% | 5.21% | 7.70% | 11.47% | -5.24% | -3.73% | 9.84% | 4.03% | 41.02% |
| 2019 | 8.91% | 3.37% | 3.37% | 4.77% | -6.65% | 6.82% | 2.36% | -0.24% | 0.31% | 2.66% | 4.10% | 3.35% | 37.54% |
| 2018 | 7.40% | -2.75% | -3.16% | 0.42% | 4.62% | 1.28% | 2.57% | 4.71% | 0.60% | -8.78% | 0.10% | -8.52% | -2.86% |
| 2017 | 3.72% | 4.71% | 1.50% | 2.41% | 2.99% | -0.56% | 2.66% | 1.38% | 0.96% | 3.00% | 2.55% | 0.90% | 29.49% |
| 2016 | -5.49% | -0.70% | 6.97% | -0.81% | 2.30% | -0.68% | 4.71% | -0.26% | 0.78% | -2.24% | 0.97% | 1.24% | 6.42% |
| 2015 | -1.44% | 6.30% | -1.87% | 0.13% | 1.56% | -1.71% | 3.46% | -6.52% | -2.67% | 9.72% | 0.15% | -2.41% | 3.72% |
| 2014 | -3.31% | 5.28% | -1.55% | 0.59% | 3.60% | 2.10% | -1.31% | 4.51% | -1.50% | 2.93% | 3.11% | -1.13% | 13.68% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VMGAX is 60, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Vanguard Mega Cap Growth Index Fund Institutional Shares (VMGAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Vanguard Mega Cap Growth Index Fund Institutional Shares provided a 0.48% dividend yield over the last twelve months, with an annual payout of $3.08 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.08 | $3.00 | $2.62 | $2.41 | $2.17 | $2.65 | $2.49 | $2.39 | $2.73 | $2.65 | $2.38 | $2.01 |
Dividend yield | 0.48% | 0.44% | 0.51% | 0.71% | 0.42% | 0.65% | 0.86% | 1.13% | 1.23% | 1.53% | 1.44% | 1.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Mega Cap 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $0.70 | |||||||
| 2024 | $0.00 | $0.00 | $0.61 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $1.00 | $3.00 |
| 2023 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.64 | $0.00 | $0.00 | $0.86 | $2.62 |
| 2022 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.70 | $0.00 | $0.00 | $0.68 | $2.41 |
| 2021 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.56 | $2.17 |
| 2020 | $0.00 | $0.00 | $0.62 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.90 | $2.65 |
| 2019 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.84 | $0.00 | $0.00 | $0.75 | $0.00 | $0.00 | $0.72 | $2.49 |
| 2018 | $0.00 | $0.00 | $0.52 | $0.00 | $0.00 | $0.86 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $0.22 | $2.39 |
| 2017 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $0.71 | $0.00 | $0.00 | $0.84 | $2.73 |
| 2016 | $0.00 | $0.00 | $0.57 | $0.00 | $0.00 | $0.61 | $0.00 | $0.00 | $0.67 | $0.00 | $0.00 | $0.80 | $2.65 |
| 2015 | $0.00 | $0.00 | $0.49 | $0.00 | $0.00 | $0.60 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $0.70 | $2.38 |
| 2014 | $0.39 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $0.64 | $2.01 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Mega Cap 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 Mega Cap Growth Index Fund Institutional Shares was 48.61%, occurring on Mar 9, 2009. Recovery took 483 trading sessions.
The current Vanguard Mega Cap Growth Index Fund Institutional Shares drawdown is 9.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.61% | Dec 27, 2007 | 300 | Mar 9, 2009 | 483 | Feb 4, 2011 | 783 |
| -36.03% | Dec 28, 2021 | 216 | Nov 3, 2022 | 298 | Jan 12, 2024 | 514 |
| -30.95% | Feb 20, 2020 | 23 | Mar 23, 2020 | 53 | Jun 8, 2020 | 76 |
| -23.45% | Feb 20, 2025 | 34 | Apr 8, 2025 | — | — | — |
| -22.56% | Oct 2, 2018 | 58 | Dec 24, 2018 | 80 | Apr 22, 2019 | 138 |
Volatility
Volatility Chart
The current Vanguard Mega Cap Growth Index Fund Institutional Shares volatility is 14.35%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.