- ISIN
- US9229088193
- CUSIP
- 922908819
- Issuer
- Vanguard
- Inception Date
- May 24, 2000
- Region
- North America (U.S.)
- Category
- Small Cap Growth Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $43B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
VSGIX Performance Chart
Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) is up 14.2% since the beginning of the year. VSGIX is currently trading at $97 per share. Investors who bought $1,000 worth of VSGIX shares 5 years ago would now be looking at an investment worth $1,254.
Loading charts...
Returns By Period
Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) has returned 14.24% so far this year and 26.76% over the past 12 months. Over the last ten years, VSGIX has returned 11.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.24% annually.
Vanguard Small-Cap Growth Index Fund Institutional Shares
- 1D
- 0.08%
- 1M
- -0.68%
- YTD
- 14.24%
- 6M
- 11.82%
- 1Y
- 26.76%
- 3Y*
- 16.35%
- 5Y*
- 4.63%
- 10Y*
- 11.48%
Benchmark (S&P 500 Index)
- 1D
- -1.62%
- 1M
- -1.97%
- YTD
- 6.16%
- 6M
- 5.52%
- 1Y
- 20.34%
- 3Y*
- 19.12%
- 5Y*
- 11.34%
- 10Y*
- 13.24%
VSGIX Monthly Returns History
Based on dividend-adjusted daily data since May 24, 2000, VSGIX's average daily return is +0.05%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +17.0%, while the worst month was Oct 2008 at -22.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VSGIX 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 -14.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.66% | 2.35% | -5.49% | 10.82% | 6.10% | -3.10% | 14.24% | ||||||
| 2025 | 4.24% | -6.29% | -7.79% | -1.38% | 6.38% | 4.99% | 2.01% | 3.78% | 1.70% | 2.04% | 0.15% | -0.67% | 8.44% |
| 2024 | -4.16% | 8.06% | 2.88% | -7.21% | 3.55% | 0.03% | 4.53% | -0.01% | 2.45% | -0.25% | 12.90% | -6.92% | 14.95% |
| 2023 | 11.71% | -2.27% | -0.90% | -1.36% | -0.02% | 7.70% | 4.28% | -4.14% | -6.58% | -7.06% | 9.79% | 12.38% | 23.07% |
| 2022 | -12.62% | -0.43% | 1.22% | -10.96% | -2.88% | -8.00% | 11.73% | -2.44% | -9.00% | 7.05% | 2.72% | -6.30% | -28.39% |
| 2021 | 2.30% | 3.13% | -2.79% | 3.86% | -2.76% | 4.77% | -1.16% | 1.85% | -3.80% | 5.38% | -6.08% | 1.62% | 5.70% |
Benchmark Metrics
Vanguard Small-Cap Growth Index Fund Institutional Shares has an annualized alpha of 2.59%, beta of 1.11, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since May 24, 2000.
- This fund captured 127.50% of S&P 500 Index gains and 111.93% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.59% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.11 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
- 2.59%
- Beta
- 1.11
- R²
- 0.81
- Upside Capture
- 127.50%
- Downside Capture
- 111.93%
Expense Ratio
VSGIX has an expense ratio of 0.06%, which is considered low.
Return for Risk
Risk / Return Rank
VSGIX ranks 37 for risk / return — below 37% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard Small-Cap Growth Index Fund Institutional Shares (VSGIX) 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.
| VSGIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 2.25 | +0.15 |
| Martin ratioReturn relative to average drawdown | 9.01 | 10.14 | -1.13 |
Dividends
Dividend History
Vanguard Small-Cap Growth Index Fund Institutional Shares provided a 0.47% dividend yield over the last twelve months, with an annual payout of $0.45 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.47 | $0.43 | $0.47 | $0.32 | $0.29 | $0.34 | $0.33 | $0.34 | $0.37 | $0.41 | $0.34 |
Dividend yield | 0.47% | 0.55% | 0.55% | 0.68% | 0.56% | 0.37% | 0.45% | 0.58% | 0.80% | 0.82% | 1.09% | 0.98% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Small-Cap Growth Index Fund Institutional 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 | $0.10 | $0.00 | $0.00 | $0.00 | $0.10 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.47 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.43 |
| 2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.18 | $0.47 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.32 |
| 2021 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.29 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Small-Cap Growth Index Fund Institutional 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 Institutional Shares was 58.66%, occurring on Mar 9, 2009. Recovery took 441 trading sessions.
The current Vanguard Small-Cap Growth Index Fund Institutional Shares drawdown is 3.79%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -58.66%Mar 2009 | 1y 5mo | 1y 9mo | 3y 1moOct 2007 - Dec 2010 |
Dot-com crash2000–2002 | -38.89%Oct 2002 | 2y 1mo | 1y 1mo | 3y 2moSep 2000 - Nov 2003 |
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 |
2011 bear market2011 | -28.99%Oct 2011 | 5mo 4d | 11mo 10d | 1y 4moMay 2011 - Sep 2012 |
Drawdown Indicators
| VSGIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.66% | -56.78% | -1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -9.10% | -2.28% |
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 | -3.79% | -4.50% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -11.33% | -10.72% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.01% | +1.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with VSGIX
Add Vanguard Small-Cap Growth Index Fund Institutional Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with VSGIX