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Vanguard Mid-Cap Value Index Fund (VMVIX) Sharpe Ratio: 2.18

Mutual Fund · Currency in USD · Last updated Aug 1, 2026

The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index, a broadly diversified index of value stocks of mid-size U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

VMVIX's Sharpe Ratio of 2.18 indicates that for each unit of volatility, it generates 2.18 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

VMVIX Sharpe Ratio Rank

VMVIX Sharpe Ratio Rank: 88.288
Exceptional

VMVIX ranks above 88.2% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

VMVIX Sharpe Ratio Market Positioning

The chart shows VMVIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.93 or lower
  • Yellow zone (middle 50%): 0.93 to 1.80
  • Green zone (top 25%): 1.80 or higher
  • Top 1%: 3.71+
  • Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Vanguard Mid-Cap Value Index Fund's Sharpe Ratio with other mutual funds in the Mid Cap Value Equities category across multiple time periods, showing how VMVIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
HNMVXHarbor Mid Cap Value Fund Retirement Class3.01
HAMVXHarbor Mid Cap Value Fund2.98
NCBVXPGIM Quant Solutions Mid-Cap Value Fund2.52
NAMAXColumbia Select Mid Cap Value Fund2.49
FASOXFidelity Advisor Value Strategies Fund Class I2.38
FCMVXFidelity Mid Cap Value K6 Fund2.36
FASPXFidelity Advisor Value Strategies Fund Class M2.34
FIDFXFidelity Advisor Mid Cap Value Fund Class Z2.32
FSMVXFidelity Mid Cap Value Fund2.32
FMPOXFidelity Advisor Mid Cap Value Fund Class I2.31
VMVIXVanguard Mid-Cap Value Index Fund2.18
Benchmark

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Time Period

How much price history to include in the calculation

Historical Sharpe Ratio

The chart shows VMVIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when VMVIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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