- ISIN
- US9229085462
- CUSIP
- 922908546
- Issuer
- Vanguard
- Inception Date
- Aug 17, 2006
- Category
- Mid Cap Growth Equities
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $27B
Share Price Chart
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Performance
VMGIX Performance Chart
Vanguard Mid-Cap Growth Index Fund (VMGIX) is up 9.8% since the beginning of the year. VMGIX is currently trading at $120 per share. Investors who bought $1,000 worth of VMGIX shares 5 years ago would now be looking at an investment worth $1,379.
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Returns By Period
Vanguard Mid-Cap Growth Index Fund (VMGIX) has returned 9.81% so far this year and 12.91% over the past 12 months. Over the last ten years, VMGIX has returned 12.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard Mid-Cap Growth Index Fund
- 1D
- 1.61%
- 1M
- 5.06%
- YTD
- 9.81%
- 6M
- 7.50%
- 1Y
- 12.91%
- 3Y*
- 15.44%
- 5Y*
- 6.64%
- 10Y*
- 12.28%
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%
VMGIX Monthly Returns History
Based on dividend-adjusted daily data since Aug 24, 2006, VMGIX's average daily return is +0.05%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2020 with a return of +15.9%, while the worst month was Oct 2008 at -21.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VMGIX closed higher 55% of trading days. The best single day was Oct 13, 2008 with a return of +13.7%, while the worst single day was Mar 16, 2020 at -13.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.93% | 0.74% | -7.45% | 10.55% | 4.94% | 2.48% | 9.81% | ||||||
| 2025 | 6.62% | -4.06% | -5.65% | 1.74% | 7.90% | 6.02% | 2.41% | -0.73% | 1.70% | -0.56% | -2.91% | -1.39% | 10.56% |
| 2024 | -2.12% | 6.06% | 2.90% | -5.13% | 2.23% | 0.48% | 1.67% | 1.90% | 2.53% | 0.30% | 10.84% | -6.04% | 15.51% |
| 2023 | 8.93% | -1.78% | 1.61% | -2.28% | 0.09% | 8.03% | 3.31% | -3.31% | -5.21% | -5.92% | 11.48% | 8.52% | 23.79% |
| 2022 | -12.82% | -1.30% | 1.86% | -11.45% | -3.18% | -8.09% | 11.81% | -3.37% | -9.86% | 6.71% | 5.72% | -6.34% | -28.93% |
| 2021 | -0.85% | 3.27% | -1.14% | 5.02% | -0.61% | 5.59% | 2.01% | 2.89% | -4.61% | 8.71% | -2.77% | 1.92% | 20.32% |
Benchmark Metrics
Vanguard Mid-Cap Growth Index Fund has an annualized alpha of 0.38%, beta of 1.09, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since August 24, 2006.
- This fund captured 109.16% of S&P 500 Index gains and 105.54% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.09 and R2 of 0.89, 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
- 0.38%
- Beta
- 1.09
- R²
- 0.89
- Upside Capture
- 109.16%
- Downside Capture
- 105.54%
Expense Ratio
VMGIX has an expense ratio of 0.19%, which is considered low.
Return for Risk
Risk / Return Rank
VMGIX ranks 10 for risk / return — in the bottom 10% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Mid-Cap Growth Index Fund (VMGIX) 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.
| VMGIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.78 | -1.96 |
| Martin ratioReturn relative to average drawdown | 2.45 | 12.44 | -9.99 |
Dividends
Dividend History
Vanguard Mid-Cap Growth Index Fund provided a 0.49% dividend yield over the last twelve months, with an annual payout of $0.59 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 | $0.59 | $0.57 | $0.56 | $0.52 | $0.45 | $0.23 | $0.38 | $0.42 | $0.33 | $0.31 | $0.29 | $0.27 |
Dividend yield | 0.49% | 0.52% | 0.56% | 0.60% | 0.64% | 0.23% | 0.46% | 0.67% | 0.70% | 0.61% | 0.70% | 0.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Mid-Cap Growth Index Fund. 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 | $0.16 | $0.00 | $0.00 | $0.00 | $0.16 | ||||||
| 2025 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.57 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.17 | $0.56 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.20 | $0.52 |
| 2022 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.45 |
| 2021 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.10 | $0.23 |
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 Mid-Cap Growth Index Fund. 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 Growth Index Fund was 60.20%, occurring on Nov 20, 2008. Recovery took 559 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -60.20%Nov 2008 | 1y 1mo | 2y 2mo | 3y 4moOct 2007 - Feb 2011 |
Bear market2022 | -37.25%Oct 2022 | 11mo 1d | 2y 26d | 2y 11moNov 2021 - Nov 2024 |
COVID crash2020 | -36.03%Mar 2020 | 1mo 2d | 3mo 17d | 4mo 19dFeb 2020 - Jul 2020 |
2011 bear market2011 | -25.98%Oct 2011 | 2mo 27d | 1y 3mo | 1y 5moJul 2011 - Jan 2013 |
Rate-hike selloffLate 2018 | -21.85%Dec 2018 | 3mo 8d | 2mo 27d | 6mo 5dSep 2018 - Mar 2019 |
Drawdown Indicators
| VMGIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.20% | -56.78% | -3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -15.99% | -9.10% | -6.89% |
Max Drawdown (3Y)Largest decline over 3 years | -21.67% | -18.90% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -37.25% | -25.43% | -11.82% |
Max Drawdown (10Y)Largest decline over 10 years | -37.25% | -33.92% | -3.33% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -9.99% | -10.71% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 2.03% | +3.33% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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