- ISIN
- US9219377283
- CUSIP
- 921937728
- Issuer
- Vanguard
- Inception Date
- Sep 27, 2011
- Region
- North America (U.S.)
- Category
- Mid Cap Growth Equities
- Min. Investment
- $3,000
- Index Tracked
- CRSP US Mid Cap Growth Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $34B
Share Price Chart
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Performance
VMGMX Performance Chart
Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) is up 9.9% since the beginning of the year. VMGMX is currently trading at $132 per share. Investors who bought $1,000 worth of VMGMX shares 5 years ago would now be looking at an investment worth $1,387.
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Returns By Period
Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) has returned 9.87% so far this year and 13.05% over the past 12 months. Over the last ten years, VMGMX has returned 12.41% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard Mid-Cap Growth Index Fund Admiral Shares
- 1D
- 1.61%
- 1M
- 5.07%
- YTD
- 9.87%
- 6M
- 7.57%
- 1Y
- 13.05%
- 3Y*
- 15.58%
- 5Y*
- 6.76%
- 10Y*
- 12.41%
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%
VMGMX Monthly Returns History
Based on dividend-adjusted daily data since Sep 27, 2011, VMGMX's average daily return is +0.06%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +15.9%, while the worst month was Mar 2020 at -15.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VMGMX closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +10.5%, 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 | -0.92% | 0.73% | -7.43% | 10.57% | 4.95% | 2.48% | 9.87% | ||||||
| 2025 | 6.63% | -4.05% | -5.64% | 1.74% | 7.91% | 6.03% | 2.41% | -0.71% | 1.70% | -0.55% | -2.90% | -1.37% | 10.69% |
| 2024 | -2.10% | 6.08% | 2.90% | -5.12% | 2.23% | 0.49% | 1.69% | 1.90% | 2.53% | 0.31% | 10.85% | -6.02% | 15.65% |
| 2023 | 8.93% | -1.78% | 1.63% | -2.26% | 0.10% | 8.03% | 3.33% | -3.31% | -5.19% | -5.91% | 11.49% | 8.52% | 23.93% |
| 2022 | -12.82% | -1.29% | 1.88% | -11.45% | -3.17% | -8.09% | 11.82% | -3.37% | -9.84% | 6.72% | 5.73% | -6.33% | -28.84% |
| 2021 | -0.84% | 3.28% | -1.14% | 5.03% | -0.60% | 5.61% | 2.03% | 2.89% | -4.59% | 8.71% | -2.76% | 1.93% | 20.48% |
Benchmark Metrics
Vanguard Mid-Cap Growth Index Fund Admiral Shares has an annualized alpha of -1.42%, beta of 1.09, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since September 27, 2011.
- This fund participated in 106.67% of S&P 500 Index downside but only 102.13% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.09 and R2 of 0.87, 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
- -1.42%
- Beta
- 1.09
- R²
- 0.87
- Upside Capture
- 102.13%
- Downside Capture
- 106.67%
Expense Ratio
VMGMX has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
VMGMX 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 Admiral Shares (VMGMX) 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.
| VMGMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 2.78 | -1.95 |
| Martin ratioReturn relative to average drawdown | 2.48 | 12.44 | -9.95 |
Dividends
Dividend History
Vanguard Mid-Cap Growth Index Fund Admiral Shares provided a 0.60% dividend yield over the last twelve months, with an annual payout of $0.79 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 | $0.79 | $0.77 | $0.73 | $0.67 | $0.60 | $0.37 | $0.51 | $0.54 | $0.43 | $0.40 | $0.37 | $0.35 |
Dividend yield | 0.60% | 0.64% | 0.67% | 0.71% | 0.78% | 0.34% | 0.56% | 0.78% | 0.84% | 0.72% | 0.81% | 0.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Mid-Cap Growth 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 | $0.22 | $0.00 | $0.00 | $0.00 | $0.22 | ||||||
| 2025 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.77 |
| 2024 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.22 | $0.73 |
| 2023 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.24 | $0.67 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.60 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.37 |
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 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 Mid-Cap Growth Index Fund Admiral Shares was 37.17%, occurring on Oct 14, 2022. Recovery took 520 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -37.17%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 |
Rate-hike selloffLate 2018 | -21.83%Dec 2018 | 3mo 8d | 2mo 27d | 6mo 5dSep 2018 - Mar 2019 |
2016 bear market2016 | -21.75%Feb 2016 | 7mo 23d | 11mo | 1y 6moJun 2015 - Jan 2017 |
2025 selloff2025 | -21.65%Apr 2025 | 1mo 26d | 2mo 17d | 4mo 13dFeb 2025 - Jun 2025 |
Drawdown Indicators
| VMGMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.17% | -56.78% | +19.61% |
Max Drawdown (1Y)Largest decline over 1 year | -15.95% | -9.10% | -6.85% |
Max Drawdown (3Y)Largest decline over 3 years | -21.65% | -18.90% | -2.75% |
Max Drawdown (5Y)Largest decline over 5 years | -37.17% | -25.43% | -11.74% |
Max Drawdown (10Y)Largest decline over 10 years | -37.17% | -33.92% | -3.25% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -10.71% | +3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.34% | 2.03% | +3.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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