- ISIN
- US9219376863
- CUSIP
- 921937686
- Issuer
- Vanguard
- Inception Date
- Sep 27, 2011
- Region
- North America (U.S.)
- Category
- Small Cap Value Equities
- Index Tracked
- CRSP US Small Cap Value Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $66B
Share Price Chart
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Performance
VSIAX Performance Chart
Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) is up 13.2% since the beginning of the year. VSIAX is currently trading at $102 per share. Investors who bought $1,000 worth of VSIAX shares 5 years ago would now be looking at an investment worth $1,566.
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Returns By Period
Vanguard Small-Cap Value Index Fund Admiral Shares (VSIAX) has returned 13.21% so far this year and 27.56% over the past 12 months. Over the last ten years, VSIAX has returned 10.71% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard Small-Cap Value Index Fund Admiral Shares
- 1D
- 0.71%
- 1M
- 2.49%
- YTD
- 13.21%
- 6M
- 11.20%
- 1Y
- 27.56%
- 3Y*
- 15.69%
- 5Y*
- 9.38%
- 10Y*
- 10.71%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VSIAX Monthly Returns History
Based on dividend-adjusted daily data since Sep 27, 2011, VSIAX's average daily return is +0.05%, while the average monthly return is +1.10%. At this rate, an investment would double in approximately 5.3 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +17.7%, while the worst month was Mar 2020 at -25.0%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VSIAX closed higher 53% of trading days. The best single day was Aug 25, 2017 with a return of +12.7%, while the worst single day was Mar 16, 2020 at -13.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.33% | 3.04% | -5.00% | 7.03% | 0.99% | 1.59% | 13.21% | ||||||
| 2025 | 3.62% | -3.73% | -5.20% | -3.29% | 4.92% | 3.67% | 1.74% | 5.21% | 0.40% | -1.04% | 2.46% | 0.63% | 9.09% |
| 2024 | -3.38% | 4.07% | 5.54% | -6.03% | 4.26% | -2.36% | 8.53% | 0.23% | 1.61% | -1.07% | 8.67% | -7.70% | 11.34% |
| 2023 | 9.05% | -2.28% | -5.58% | -1.03% | -3.45% | 9.50% | 5.46% | -3.36% | -4.89% | -4.85% | 8.74% | 10.85% | 17.06% |
| 2022 | -4.44% | 1.73% | 1.63% | -6.36% | 1.85% | -10.31% | 9.80% | -2.74% | -9.98% | 12.02% | 5.64% | -5.67% | -9.31% |
| 2021 | 2.11% | 8.76% | 5.18% | 4.17% | 2.15% | -0.94% | -1.65% | 2.09% | -2.58% | 4.54% | -2.97% | 4.88% | 28.10% |
Benchmark Metrics
Vanguard Small-Cap Value Index Fund Admiral Shares has an annualized alpha of -1.09%, beta of 1.05, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since September 27, 2011.
- This fund participated in 109.89% of S&P 500 Index downside but only 102.78% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.05 and R2 of 0.73, 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
- -1.09%
- Beta
- 1.05
- R²
- 0.73
- Upside Capture
- 102.78%
- Downside Capture
- 109.89%
Expense Ratio
VSIAX has an expense ratio of 0.07%, which is considered low.
Return for Risk
Risk / Return Rank
VSIAX ranks 53 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 Value Index Fund Admiral Shares (VSIAX) 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.
| VSIAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 2.78 | +0.36 |
| Martin ratioReturn relative to average drawdown | 11.17 | 12.44 | -1.27 |
Dividends
Dividend History
Vanguard Small-Cap Value Index Fund Admiral Shares provided a 1.73% dividend yield over the last twelve months, with an annual payout of $1.78 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.78 | $1.78 | $1.68 | $1.64 | $1.39 | $1.34 | $1.03 | $1.21 | $1.15 | $1.02 | $0.92 | $0.84 |
Dividend yield | 1.73% | 1.95% | 1.98% | 2.10% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Small-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 | $0.53 | $0.00 | $0.00 | $0.00 | $0.53 | ||||||
| 2025 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.45 | $1.78 |
| 2024 | $0.00 | $0.00 | $0.40 | $0.00 | $0.00 | $0.44 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.47 | $1.68 |
| 2023 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.50 | $1.64 |
| 2022 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.48 | $1.39 |
| 2021 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.51 | $1.34 |
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 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 Small-Cap Value Index Fund Admiral Shares was 45.39%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current Vanguard Small-Cap Value Index Fund Admiral Shares drawdown is 1.21%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -45.39%Mar 2020 | 2mo 6d | 8mo 6d | 10mo 12dJan 2020 - Nov 2020 |
2025 selloff2025 | -24.09%Apr 2025 | 4mo 13d | 8mo 1d | 1y 9dNov 2024 - Dec 2025 |
Rate-hike selloffLate 2018 | -23.55%Dec 2018 | 3mo 26d | 1y 23d | 1y 4moAug 2018 - Jan 2020 |
Bear market2022 | -21.18%Sep 2022 | 10mo 25d | 1y 2mo | 2y 1moNov 2021 - Dec 2023 |
2016 bear market2016 | -20.46%Feb 2016 | 7mo 22d | 5mo 2d | 1y 19dJun 2015 - Jul 2016 |
Drawdown Indicators
| VSIAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.39% | -56.78% | +11.39% |
Max Drawdown (1Y)Largest decline over 1 year | -8.87% | -9.10% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -24.09% | -18.90% | -5.19% |
Max Drawdown (5Y)Largest decline over 5 years | -24.09% | -25.43% | +1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -45.39% | -33.92% | -11.47% |
Current DrawdownCurrent decline from peak | -1.21% | -1.80% | +0.59% |
Average DrawdownAverage peak-to-trough decline | -5.48% | -10.71% | +5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.03% | +0.46% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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