- 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
- $35B
Share Price Chart
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Performance
VMGMX Performance Chart
Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) is up 6.0% since the beginning of the year. VMGMX is currently trading at $127 per share. Investors who bought $1,000 worth of VMGMX shares 5 years ago would now be looking at an investment worth $1,266.
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Returns By Period
Vanguard Mid-Cap Growth Index Fund Admiral Shares (VMGMX) has returned 6.02% so far this year and 3.91% over the past 12 months. Over the last ten years, VMGMX has returned 11.49% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Vanguard Mid-Cap Growth Index Fund Admiral Shares
- 1D
- 1.52%
- 1M
- -2.07%
- 6M
- 7.00%
- YTD
- 6.02%
- 1Y
- 3.91%
- 3Y*
- 12.30%
- 5Y*
- 4.83%
- 10Y*
- 11.49%
- ALL TIME*
- 12.35%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
VMGMX Monthly Returns History
Based on dividend-adjusted daily data since Sep 27, 2011, VMGMX'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, 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 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 54% 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% | 2.75% | -3.76% | 6.02% | |||||
| 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 -1.58%, 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 107.72% 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
- -1.58%
- Beta
- 1.09
- R²
- 0.87
- Upside Capture
- 102.13%
- Downside Capture
- 107.72%
Expense Ratio
VMGMX has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
VMGMX ranks 5 for risk / return — above 5% of mutual funds peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return 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 | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.25 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 2.00 | -1.90 |
| Martin ratioReturn relative to average drawdown | 0.30 | 8.49 | -8.20 |
Dividends
Dividend History
Vanguard Mid-Cap Growth Index Fund Admiral Shares provided a 0.61% dividend yield over the last twelve months, with an annual payout of $0.77 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 | $0.77 | $0.77 | $0.73 | $0.67 | $0.60 | $0.37 | $0.51 | $0.54 | $0.43 | $0.40 | $0.37 | $0.35 |
Dividend yield | 0.61% | 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 | $0.17 | $0.00 | $0.38 | |||||
| 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.
The current Vanguard Mid-Cap Growth Index Fund Admiral Shares drawdown is 3.76%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-37.17%Oct 2022 | 11mo 1d | 2y 26d | 2y 11moNov 2021 - Nov 2024 | Bear market2022 |
-36.03%Mar 2020 | 1mo 2d | 3mo 17d | 4mo 19dFeb 2020 - Jul 2020 | COVID crash2020 |
-21.83%Dec 2018 | 3mo 8d | 2mo 27d | 6mo 5dSep 2018 - Mar 2019 | Rate-hike selloffLate 2018 |
-21.75%Feb 2016 | 7mo 23d | 11mo | 1y 6moJun 2015 - Jan 2017 | — |
-21.65%Apr 2025 | 1mo 26d | 2mo 17d | 4mo 13dFeb 2025 - Jun 2025 | 2025 selloff2025 |
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 | -3.76% | -1.58% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -6.97% | -10.70% | +3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.41% | 2.14% | +3.27% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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