- ISIN
- US9219463075
- CUSIP
- 921946307
- Issuer
- Vanguard
- Inception Date
- Dec 31, 1997
- Region
- North America (U.S.)
- 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
- $3B
Share Price Chart
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Performance
VMGRX Performance Chart
Vanguard Mid-Cap Growth Fund (VMGRX) is up 4.2% since the beginning of the year. VMGRX is currently trading at $26 per share. Investors who bought $1,000 worth of VMGRX shares 5 years ago would now be looking at an investment worth $1,207.
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Returns By Period
Vanguard Mid-Cap Growth Fund (VMGRX) has returned 4.23% so far this year and 10.84% over the past 12 months. Over the last ten years, VMGRX has returned 10.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard Mid-Cap Growth Fund
- 1D
- 2.05%
- 1M
- 3.64%
- YTD
- 4.23%
- 6M
- 1.61%
- 1Y
- 10.84%
- 3Y*
- 12.99%
- 5Y*
- 3.83%
- 10Y*
- 10.40%
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%
VMGRX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1997, VMGRX's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 60% of months were positive and 40% were negative. The best month was Feb 2000 with a return of +33.1%, while the worst month was Nov 2000 at -21.9%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VMGRX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.2%, while the worst single day was Dec 11, 2000 at -21.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.02% | -1.91% | -8.04% | 10.12% | 7.35% | 0.78% | 4.23% | ||||||
| 2025 | 6.20% | -7.07% | -8.62% | 1.94% | 9.09% | 5.44% | 1.58% | 0.35% | 0.76% | 1.06% | -2.30% | 1.45% | 8.80% |
| 2024 | -0.39% | 7.73% | 3.12% | -6.49% | -0.21% | 1.62% | 2.38% | 3.48% | 2.44% | -1.06% | 10.95% | -5.83% | 17.73% |
| 2023 | 9.89% | -1.50% | 1.23% | -1.99% | 0.59% | 8.56% | 3.40% | -2.28% | -6.51% | -7.01% | 11.30% | 8.26% | 24.15% |
| 2022 | -12.49% | -0.76% | 1.07% | -12.07% | -3.84% | -8.79% | 11.82% | -2.64% | -9.55% | 6.95% | 4.78% | -6.46% | -30.13% |
| 2021 | -1.58% | 5.12% | -2.71% | 6.66% | -3.47% | 5.01% | 2.08% | 2.07% | -3.94% | 6.00% | -6.33% | 0.99% | 9.21% |
Benchmark Metrics
Vanguard Mid-Cap Growth Fund has an annualized alpha of 1.42%, beta of 1.09, and R2 of 0.75 versus S&P 500 Index. Calculated based on daily prices since December 31, 1997.
- This fund captured 118.58% of S&P 500 Index gains and 111.09% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.09 and R2 of 0.75, 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
- 0.75
- Upside Capture
- 118.58%
- Downside Capture
- 111.09%
Expense Ratio
VMGRX has an expense ratio of 0.33%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VMGRX ranks 7 for risk / return — in the bottom 7% 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 Fund (VMGRX) 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.
| VMGRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.37 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 2.78 | -2.23 |
| Martin ratioReturn relative to average drawdown | 1.72 | 12.44 | -10.72 |
Dividends
Dividend History
Vanguard Mid-Cap Growth Fund provided a 17.03% dividend yield over the last twelve months, with an annual payout of $4.41 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.41 | $4.41 | $0.49 | $0.09 | $0.05 | $9.32 | $2.11 | $2.79 | $3.25 | $0.83 | $0.15 | $1.84 |
Dividend yield | 17.03% | 17.74% | 1.80% | 0.39% | 0.26% | 34.53% | 6.30% | 10.43% | 14.53% | 3.13% | 0.67% | 8.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Mid-Cap Growth 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 | $0.00 | $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 | $4.41 | $4.41 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $9.32 | $9.32 |
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 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 Fund was 71.74%, occurring on Oct 9, 2002. Recovery took 2721 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Dot-com crash2000–2002 | -71.74%Oct 2002 | 2y 10d | 10y 9mo | 12y 10moSep 2000 - Aug 2013 |
Bear market2022 | -39.71%Jun 2022 | 7mo 1d | 2y 5mo | 3y 6dNov 2021 - Nov 2024 |
Dot-com crash2000–2002 | -37.13%Apr 2000 | 1mo 5d | 5mo 17d | 6mo 22dMar 2000 - Sep 2000 |
COVID crash2020 | -36.96%Mar 2020 | 1mo 2d | 3mo 29d | 5mo 1dFeb 2020 - Jul 2020 |
1998 bear market1998 | -33.28%Oct 1998 | 2mo 19d | 3mo 23d | 6mo 12dJul 1998 - Jan 1999 |
Drawdown Indicators
| VMGRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.74% | -56.78% | -14.96% |
Max Drawdown (1Y)Largest decline over 1 year | -19.09% | -9.10% | -9.99% |
Max Drawdown (3Y)Largest decline over 3 years | -26.85% | -18.90% | -7.95% |
Max Drawdown (5Y)Largest decline over 5 years | -39.71% | -25.43% | -14.28% |
Max Drawdown (10Y)Largest decline over 10 years | -39.71% | -33.92% | -5.79% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -24.46% | -10.71% | -13.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 2.03% | +4.12% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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