Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX)

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The chart shows the growth of an initial investment of $10,000 in Vanguard S&P Small-Cap 600 Index Fund Institutional Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) has returned 0.71% so far this year and 17.27% over the past 12 months. Over the last ten years, VSMSX has returned 9.58% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 3, 2012, VSMSX's average daily return is +0.05%, while the average monthly return is +1.00%. At this rate, your investment would double in approximately 5.8 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +18.2%, while the worst month was Mar 2020 at -22.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, VSMSX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +9.0%, while the worst single day was Mar 16, 2020 at -13.3%.

Vanguard S&P Small-Cap 600 Index Fund Institutional Shares has an annualized alpha of -1.15%, beta of 1.08, and R² of 0.72 versus S&P 500 Index. Calculated based on daily prices since January 04, 2012.

• This fund participated in 111.67% of S&P 500 Index downside but only 105.17% of its upside — more exposed to losses than it benefited from rallies.
• With beta of 1.08 and R² of 0.72, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

VSMSX has an expense ratio of 0.08%, which is considered low.

VSMSX ranks 36 for risk / return — below 36% 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.

The table below present risk-adjusted performance metrics for Vanguard S&P Small-Cap 600 Index Fund Institutional Shares (VSMSX) and compare them to a chosen benchmark (S&P 500 Index).

Vanguard S&P Small-Cap 600 Index Fund Institutional Shares provided a 1.38% dividend yield over the last twelve months, with an annual payout of $6.22 per share.

The table displays the monthly dividend distributions for Vanguard S&P Small-Cap 600 Index Fund Institutional Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Vanguard S&P Small-Cap 600 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 S&P Small-Cap 600 Index Fund Institutional Shares was 44.42%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.

The current Vanguard S&P Small-Cap 600 Index Fund Institutional Shares drawdown is 8.30%.

The chart below shows the rolling one-month volatility.