- ISIN
- US9219376947
- CUSIP
- 921937694
- Issuer
- Vanguard
- Inception Date
- Sep 27, 2011
- Region
- North America (U.S.)
- Category
- Mid Cap Value Equities
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $37B
Share Price Chart
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Performance
VMVAX Performance Chart
Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) is up 11.8% since the beginning of the year. VMVAX is currently trading at $102 per share. Investors who bought $1,000 worth of VMVAX shares 5 years ago would now be looking at an investment worth $1,561.
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Returns By Period
Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) has returned 11.79% so far this year and 22.40% over the past 12 months. Over the last ten years, VMVAX has returned 10.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.70% annually.
Vanguard Mid-Cap Value Index Fund Admiral Shares
- 1D
- 0.12%
- 1M
- 1.41%
- YTD
- 11.79%
- 6M
- 10.54%
- 1Y
- 22.40%
- 3Y*
- 16.23%
- 5Y*
- 9.31%
- 10Y*
- 10.96%
Benchmark (S&P 500 Index)
- 1D
- -0.10%
- 1M
- -1.54%
- YTD
- 7.49%
- 6M
- 6.15%
- 1Y
- 20.78%
- 3Y*
- 19.17%
- 5Y*
- 11.44%
- 10Y*
- 13.70%
VMVAX Monthly Returns History
Based on dividend-adjusted daily data since Sep 27, 2011, VMVAX's average daily return is +0.05%, while the average monthly return is +1.07%. At this rate, an investment would double in approximately 5.4 years.
Historically, 67% of months were positive and 33% were negative. The best month was Nov 2020 with a return of +13.4%, while the worst month was Mar 2020 at -22.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, VMVAX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +11.4%, while the worst single day was Mar 16, 2020 at -12.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.24% | 5.13% | -4.63% | 5.62% | -0.13% | 1.41% | 11.79% | ||||||
| 2025 | 2.59% | 0.02% | -2.64% | -2.95% | 3.59% | 2.43% | 1.70% | 3.31% | 1.52% | -1.29% | 2.95% | 0.48% | 12.06% |
| 2024 | -1.87% | 4.12% | 5.44% | -4.44% | 3.19% | -1.57% | 6.02% | 3.03% | 2.54% | -1.06% | 6.14% | -7.60% | 13.63% |
| 2023 | 7.11% | -3.52% | -3.59% | 0.68% | -5.22% | 8.80% | 3.74% | -3.86% | -4.60% | -3.67% | 8.67% | 6.88% | 10.12% |
| 2022 | -2.60% | -0.70% | 3.43% | -4.90% | 2.16% | -10.50% | 7.63% | -2.60% | -9.89% | 10.17% | 6.52% | -4.48% | -7.89% |
| 2021 | -0.18% | 7.41% | 6.04% | 4.60% | 2.21% | -1.93% | 0.45% | 3.16% | -3.68% | 4.26% | -2.23% | 6.16% | 28.77% |
Benchmark Metrics
Vanguard Mid-Cap Value Index Fund Admiral Shares has an annualized alpha of -0.04%, beta of 0.94, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since September 27, 2011.
- This fund participated in 98.03% of S&P 500 Index downside but only 94.20% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.94 and R2 of 0.82, 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
- -0.04%
- Beta
- 0.94
- R²
- 0.82
- Upside Capture
- 94.20%
- Downside Capture
- 98.03%
Expense Ratio
VMVAX has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
VMVAX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) 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.
| VMVAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 2.29 | +1.04 |
| Martin ratioReturn relative to average drawdown | 12.67 | 10.15 | +2.52 |
Dividends
Dividend History
Vanguard Mid-Cap Value Index Fund Admiral Shares provided a 1.86% dividend yield over the last twelve months, with an annual payout of $1.90 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 | $1.90 | $1.93 | $1.77 | $1.71 | $1.59 | $1.38 | $1.46 | $1.28 | $1.36 | $1.07 | $0.96 | $0.91 |
Dividend yield | 1.86% | 2.10% | 2.11% | 2.26% | 2.27% | 1.78% | 2.36% | 2.08% | 2.75% | 1.86% | 1.91% | 2.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Mid-Cap Value 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 | $0.51 | $0.00 | $0.00 | $0.00 | $0.51 | ||||||
| 2025 | $0.00 | $0.00 | $0.55 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.48 | $1.93 |
| 2024 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.41 | $0.00 | $0.00 | $0.52 | $1.77 |
| 2023 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.58 | $1.71 |
| 2022 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.57 | $1.59 |
| 2021 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.44 | $1.38 |
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 Value 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 Value Index Fund Admiral Shares was 43.07%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current Vanguard Mid-Cap Value Index Fund Admiral Shares drawdown is 1.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -43.07%Mar 2020 | 1mo 9d | 8mo 16d | 9mo 25dFeb 2020 - Dec 2020 |
Rate-hike selloffLate 2018 | -21.51%Dec 2018 | 10mo 29d | 8mo 21d | 1y 7moJan 2018 - Sep 2019 |
Bear market2022 | -19.75%Sep 2022 | 5mo 12d | 1y 4mo | 1y 10moApr 2022 - Feb 2024 |
2025 selloff2025 | -18.40%Apr 2025 | 4mo 7d | 4mo 16d | 8mo 23dDec 2024 - Aug 2025 |
2016 correction2016 | -18.06%Feb 2016 | 8mo 25d | 5mo 2d | 1y 1moMay 2015 - Jul 2016 |
Drawdown Indicators
| VMVAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.07% | -56.78% | +13.71% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -9.10% | +2.15% |
Max Drawdown (3Y)Largest decline over 3 years | -18.40% | -18.90% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -19.75% | -25.43% | +5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -43.07% | -33.92% | -9.15% |
Current DrawdownCurrent decline from peak | -1.03% | -3.31% | +2.28% |
Average DrawdownAverage peak-to-trough decline | -4.36% | -10.71% | +6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 2.05% | -0.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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