- CUSIP
- 921932802
- Issuer
- Vanguard
- Inception Date
- Mar 3, 2015
- Region
- North America (U.S.)
- Category
- Large Cap Value Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
VSPVX Performance Chart
Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) is up 7.9% since the beginning of the year. VSPVX is currently trading at $482 per share. Investors who bought $1,000 worth of VSPVX shares 5 years ago would now be looking at an investment worth $1,708.
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Returns By Period
Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) has returned 7.86% so far this year and 20.45% over the past 12 months. Over the last ten years, VSPVX has returned 12.11% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Vanguard S&P 500 Value Index Fund Institutional Shares
- 1D
- 0.21%
- 1M
- -0.12%
- YTD
- 7.86%
- 6M
- 7.23%
- 1Y
- 20.45%
- 3Y*
- 15.11%
- 5Y*
- 11.30%
- 10Y*
- 12.11%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
VSPVX Monthly Returns History
Based on dividend-adjusted daily data since Jul 28, 2014, VSPVX'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, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +12.9%, while the worst month was Mar 2020 at -15.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, VSPVX closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +9.7%, while the worst single day was Mar 16, 2020 at -11.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.49% | 2.27% | -4.58% | 5.86% | 1.96% | -0.09% | 7.86% | ||||||
| 2025 | 2.89% | 0.42% | -3.42% | -3.57% | 3.01% | 3.69% | 0.88% | 3.44% | 1.75% | 1.12% | 1.69% | 0.35% | 12.62% |
| 2024 | 0.09% | 3.04% | 4.54% | -4.30% | 2.97% | -0.66% | 4.74% | 2.95% | 1.11% | -1.27% | 5.77% | -6.80% | 11.99% |
| 2023 | 6.99% | -2.98% | 1.31% | 1.71% | -1.91% | 6.87% | 3.40% | -2.74% | -4.65% | -1.74% | 9.56% | 5.74% | 22.39% |
| 2022 | -1.64% | -1.45% | 2.96% | -4.87% | 1.63% | -8.24% | 5.90% | -2.85% | -8.48% | 11.49% | 6.01% | -3.93% | -5.33% |
| 2021 | -1.59% | 5.92% | 6.25% | 3.73% | 2.40% | -1.18% | 0.78% | 1.72% | -3.31% | 4.59% | -3.25% | 7.01% | 24.80% |
Benchmark Metrics
Vanguard S&P 500 Value Index Fund Institutional Shares has an annualized alpha of 0.23%, beta of 0.89, and R2 of 0.87 versus S&P 500 Index. Calculated based on daily prices since July 28, 2014.
- This fund participated in 94.77% of S&P 500 Index downside but only 90.83% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.89 and R2 of 0.87, 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
- 0.23%
- Beta
- 0.89
- R²
- 0.87
- Upside Capture
- 90.83%
- Downside Capture
- 94.77%
Expense Ratio
VSPVX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
VSPVX ranks 67 for risk / return — better than 67% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard S&P 500 Value Index Fund Institutional Shares (VSPVX) 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.
| VSPVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 2.46 | +0.97 |
| Martin ratioReturn relative to average drawdown | 13.02 | 10.92 | +2.10 |
Dividends
Dividend History
Vanguard S&P 500 Value Index Fund Institutional Shares provided a 1.69% dividend yield over the last twelve months, with an annual payout of $8.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $8.14 | $6.07 | $8.58 | $6.28 | $6.78 | $6.25 | $6.67 | $5.85 | $5.84 | $5.26 | $4.91 | $4.61 |
Dividend yield | 1.69% | 1.35% | 2.12% | 1.70% | 2.21% | 1.88% | 2.46% | 2.12% | 2.73% | 2.18% | 2.30% | 2.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard S&P 500 Value 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 | $2.07 | $0.00 | $0.00 | $0.00 | $2.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.92 | $0.00 | $0.00 | $2.05 | $0.00 | $0.00 | $2.10 | $6.07 |
| 2024 | $0.00 | $0.00 | $1.74 | $0.00 | $0.00 | $2.20 | $0.00 | $0.00 | $2.35 | $0.00 | $0.00 | $2.29 | $8.58 |
| 2023 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $1.52 | $0.00 | $0.00 | $1.55 | $0.00 | $0.00 | $1.96 | $6.28 |
| 2022 | $0.00 | $0.00 | $1.30 | $0.00 | $0.00 | $1.57 | $0.00 | $0.00 | $1.82 | $0.00 | $0.00 | $2.09 | $6.78 |
| 2021 | $0.00 | $0.00 | $1.23 | $0.00 | $0.00 | $1.37 | $0.00 | $0.00 | $1.83 | $0.00 | $0.00 | $1.82 | $6.25 |
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 S&P 500 Value 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 500 Value Index Fund Institutional Shares was 37.05%, occurring on Mar 23, 2020. Recovery took 200 trading sessions.
The current Vanguard S&P 500 Value Index Fund Institutional Shares drawdown is 0.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.05%Mar 2020 | 2mo 2d | 9mo 19d | 11mo 21dJan 2020 - Jan 2021 |
Rate-hike selloffLate 2018 | -19.26%Dec 2018 | 10mo 29d | 4mo 7d | 1y 3moJan 2018 - Apr 2019 |
Bear market2022 | -18.00%Sep 2022 | 5mo 12d | 4mo 4d | 9mo 16dApr 2022 - Feb 2023 |
2025 selloff2025 | -17.91%Apr 2025 | 4mo 7d | 4mo 16d | 8mo 23dDec 2024 - Aug 2025 |
2016 correction2016 | -14.90%Feb 2016 | 8mo 25d | 3mo 26d | 1y 16dMay 2015 - Jun 2016 |
Drawdown Indicators
| VSPVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.05% | -56.78% | +19.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -9.10% | +2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -18.90% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -25.43% | +7.43% |
Max Drawdown (10Y)Largest decline over 10 years | -37.05% | -33.92% | -3.13% |
Current DrawdownCurrent decline from peak | -0.91% | -3.21% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -4.05% | -10.71% | +6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 2.04% | -0.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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