- ISIN
- US9229083970
- CUSIP
- 922908397
- Issuer
- Vanguard
- Inception Date
- Dec 17, 2010
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Min. Investment
- $100,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
VSCPX Performance Chart
Vanguard Small-Cap Index Fund Institutional Plus Shares (VSCPX) is up 14.8% since the beginning of the year. VSCPX is currently trading at $408 per share. Investors who bought $1,000 worth of VSCPX shares 5 years ago would now be looking at an investment worth $1,404.
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Returns By Period
Vanguard Small-Cap Index Fund Institutional Plus Shares (VSCPX) has returned 14.82% so far this year and 26.66% over the past 12 months. Over the last ten years, VSCPX has returned 11.72% per year, falling short of the S&P 500 Index benchmark, which averaged 13.70% annually.
Vanguard Small-Cap Index Fund Institutional Plus Shares
- 1D
- -0.78%
- 1M
- 2.07%
- YTD
- 14.82%
- 6M
- 12.44%
- 1Y
- 26.66%
- 3Y*
- 17.25%
- 5Y*
- 7.02%
- 10Y*
- 11.72%
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%
VSCPX Monthly Returns History
Based on dividend-adjusted daily data since Dec 13, 2010, VSCPX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +16.0%, while the worst month was Mar 2020 at -21.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VSCPX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -14.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.61% | 2.74% | -5.19% | 8.63% | 3.19% | 0.52% | 14.82% | ||||||
| 2025 | 3.89% | -4.84% | -6.31% | -2.49% | 5.55% | 4.24% | 1.86% | 4.60% | 0.96% | 0.29% | 1.45% | 0.07% | 8.86% |
| 2024 | -3.71% | 5.80% | 4.36% | -6.53% | 3.96% | -1.34% | 6.79% | 0.12% | 1.98% | -0.71% | 10.50% | -7.34% | 12.98% |
| 2023 | 10.14% | -2.28% | -3.62% | -1.16% | -1.98% | 8.72% | 4.95% | -3.70% | -5.62% | -5.81% | 9.20% | 11.51% | 19.52% |
| 2022 | -7.91% | 0.86% | 1.48% | -8.24% | -0.02% | -9.39% | 10.58% | -2.61% | -9.57% | 9.92% | 4.44% | -5.93% | -17.59% |
| 2021 | 2.20% | 6.14% | 1.61% | 4.04% | 0.07% | 1.43% | -1.43% | 1.98% | -3.11% | 4.91% | -4.33% | 3.49% | 17.75% |
Benchmark Metrics
Vanguard Small-Cap Index Fund Institutional Plus Shares has an annualized alpha of -1.62%, beta of 1.10, and R2 of 0.83 versus S&P 500 Index. Calculated based on daily prices since December 13, 2010.
- This fund participated in 111.94% of S&P 500 Index downside but only 105.65% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.10 and R2 of 0.83, 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
- -1.62%
- Beta
- 1.10
- R²
- 0.83
- Upside Capture
- 105.65%
- Downside Capture
- 111.94%
Expense Ratio
VSCPX has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
VSCPX ranks 50 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Small-Cap Index Fund Institutional Plus Shares (VSCPX) 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.
| VSCPX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.29 | +0.85 |
| Martin ratioReturn relative to average drawdown | 11.56 | 10.15 | +1.41 |
Dividends
Dividend History
Vanguard Small-Cap Index Fund Institutional Plus Shares provided a 1.20% dividend yield over the last twelve months, with an annual payout of $4.91 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.91 | $4.82 | $4.39 | $4.64 | $3.96 | $3.93 | $3.12 | $3.23 | $3.09 | $2.80 | $2.70 | $2.31 |
Dividend yield | 1.20% | 1.35% | 1.32% | 1.56% | 1.56% | 1.26% | 1.16% | 1.41% | 1.69% | 1.37% | 1.52% | 1.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Small-Cap Index Fund Institutional Plus 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 | $1.37 | $0.00 | $0.00 | $0.00 | $1.37 | ||||||
| 2025 | $0.00 | $0.00 | $1.29 | $0.00 | $0.00 | $1.11 | $0.00 | $0.00 | $1.13 | $0.00 | $0.00 | $1.30 | $4.82 |
| 2024 | $0.00 | $0.00 | $0.95 | $0.00 | $0.00 | $1.19 | $0.00 | $0.00 | $0.99 | $0.00 | $0.00 | $1.27 | $4.39 |
| 2023 | $0.00 | $0.00 | $1.04 | $0.00 | $0.00 | $1.06 | $0.00 | $0.00 | $1.03 | $0.00 | $0.00 | $1.50 | $4.64 |
| 2022 | $0.00 | $0.00 | $0.78 | $0.00 | $0.00 | $0.83 | $0.00 | $0.00 | $0.93 | $0.00 | $0.00 | $1.41 | $3.96 |
| 2021 | $0.00 | $0.00 | $0.79 | $0.00 | $0.00 | $0.78 | $0.00 | $0.00 | $0.83 | $0.00 | $0.00 | $1.52 | $3.93 |
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 Small-Cap Index Fund Institutional Plus 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 Small-Cap Index Fund Institutional Plus Shares was 41.81%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current Vanguard Small-Cap Index Fund Institutional Plus Shares drawdown is 1.11%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.81%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 |
2011 bear market2011 | -28.37%Oct 2011 | 5mo 4d | 11mo 9d | 1y 4moMay 2011 - Sep 2012 |
Bear market2022 | -28.13%Jun 2022 | 7mo 9d | 2y 1mo | 2y 8moNov 2021 - Jul 2024 |
2025 selloff2025 | -25.25%Apr 2025 | 4mo 13d | 5mo 13d | 9mo 26dNov 2024 - Sep 2025 |
Rate-hike selloffLate 2018 | -24.58%Dec 2018 | 3mo 26d | 11mo 7d | 1y 2moAug 2018 - Nov 2019 |
Drawdown Indicators
| VSCPX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.81% | -56.78% | +14.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.97% | -9.10% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -25.25% | -18.90% | -6.35% |
Max Drawdown (5Y)Largest decline over 5 years | -28.13% | -25.43% | -2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -41.81% | -33.92% | -7.89% |
Current DrawdownCurrent decline from peak | -1.11% | -3.31% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -10.71% | +4.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.43% | 2.05% | +0.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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