- ISIN
- US9219377101
- CUSIP
- 921937710
- Issuer
- Vanguard
- Inception Date
- Sep 27, 2011
- Region
- North America (U.S.)
- Category
- Small Cap Growth Equities
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $43B
Share Price Chart
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Performance
VSGAX Performance Chart
Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) is up 17.5% since the beginning of the year. VSGAX is currently trading at $125 per share. Investors who bought $1,000 worth of VSGAX shares 5 years ago would now be looking at an investment worth $1,319.
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Returns By Period
Vanguard Small-Cap Growth Index Fund Admiral Shares (VSGAX) has returned 17.46% so far this year and 32.13% over the past 12 months. Over the last ten years, VSGAX has returned 11.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.65% annually.
Vanguard Small-Cap Growth Index Fund Admiral Shares
- 1D
- -1.07%
- 1M
- 3.64%
- YTD
- 17.46%
- 6M
- 15.68%
- 1Y
- 32.13%
- 3Y*
- 17.71%
- 5Y*
- 5.69%
- 10Y*
- 11.73%
Benchmark (S&P 500 Index)
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
VSGAX Monthly Returns History
Based on dividend-adjusted daily data since Sep 27, 2011, VSGAX's average daily return is +0.06%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +16.5%, while the worst month was Mar 2020 at -18.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VSGAX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.5%, while the worst single day was Mar 16, 2020 at -14.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.66% | 2.35% | -5.50% | 10.82% | 6.10% | -0.36% | 17.46% | ||||||
| 2025 | 4.24% | -6.28% | -7.79% | -1.39% | 6.38% | 4.98% | 2.00% | 3.80% | 1.70% | 2.03% | 0.15% | -0.66% | 8.44% |
| 2024 | -4.16% | 8.07% | 2.87% | -7.21% | 3.56% | 0.03% | 4.53% | -0.02% | 2.46% | -0.27% | 12.90% | -6.92% | 14.94% |
| 2023 | 11.70% | -2.27% | -0.90% | -1.37% | -0.01% | 7.69% | 4.28% | -4.13% | -6.57% | -7.08% | 9.79% | 12.38% | 23.04% |
| 2022 | -12.62% | -0.44% | 1.23% | -10.96% | -2.87% | -8.00% | 11.72% | -2.43% | -8.99% | 7.04% | 2.72% | -6.30% | -28.39% |
| 2021 | 2.30% | 3.13% | -2.78% | 3.86% | -2.76% | 4.77% | -1.17% | 1.85% | -3.79% | 5.39% | -6.08% | 1.62% | 5.70% |
Benchmark Metrics
Vanguard Small-Cap Growth Index Fund Admiral Shares has an annualized alpha of -2.19%, beta of 1.15, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since September 28, 2011.
- This fund participated in 115.26% of S&P 500 Index downside but only 107.67% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.19% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.15 and R2 of 0.81, 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
- -2.19%
- Beta
- 1.15
- R²
- 0.81
- Upside Capture
- 107.67%
- Downside Capture
- 115.26%
Expense Ratio
VSGAX has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
VSGAX ranks 41 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 Growth Index Fund Admiral Shares (VSGAX) and compare them to S&P 500 Index.
| VSGAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.41 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.89 | 2.98 | -0.10 |
| Martin ratioReturn relative to average drawdown | 10.99 | 13.78 | -2.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Vanguard Small-Cap Growth Index Fund Admiral Shares provided a 0.44% dividend yield over the last twelve months, with an annual payout of $0.55 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.55 | $0.58 | $0.53 | $0.57 | $0.39 | $0.36 | $0.41 | $0.40 | $0.42 | $0.46 | $0.51 | $0.42 |
Dividend yield | 0.44% | 0.54% | 0.54% | 0.67% | 0.55% | 0.36% | 0.44% | 0.57% | 0.79% | 0.81% | 1.08% | 0.98% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Small-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 | $0.12 | $0.00 | $0.00 | $0.00 | $0.12 | ||||||
| 2025 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.58 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.53 |
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.22 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 | $0.36 |
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 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 Small-Cap Growth Index Fund Admiral Shares was 38.70%, occurring on Mar 18, 2020. Recovery took 92 trading sessions.
The current Vanguard Small-Cap Growth Index Fund Admiral Shares drawdown is 1.07%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -38.70%Mar 2020 | 26d | 4mo 13d | 5mo 9dFeb 2020 - Jul 2020 |
Bear market2022 | -38.36%Jun 2022 | 7mo 9d | 2y 5mo | 3y 17dNov 2021 - Nov 2024 |
2025 selloff2025 | -27.47%Apr 2025 | 4mo 4d | 5mo 13d | 9mo 17dDec 2024 - Sep 2025 |
2016 bear market2016 | -26.54%Feb 2016 | 7mo 22d | 10mo 1d | 1y 5moJun 2015 - Dec 2016 |
Rate-hike selloffLate 2018 | -25.99%Dec 2018 | 3mo 21d | 6mo 11d | 10mo 2dSep 2018 - Jul 2019 |
Drawdown Indicators
| VSGAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.70% | -56.78% | +18.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.37% | -9.10% | -2.27% |
Max Drawdown (3Y)Largest decline over 3 years | -27.47% | -18.90% | -8.57% |
Max Drawdown (5Y)Largest decline over 5 years | -38.36% | -25.43% | -12.93% |
Max Drawdown (10Y)Largest decline over 10 years | -38.70% | -33.92% | -4.78% |
Current DrawdownCurrent decline from peak | -1.07% | -0.33% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -10.72% | +2.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 1.97% | +1.01% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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