VMGRX Performance — Vanguard Mid-Cap Growth Fund, Investor Shares
Data updated: 2026-09-28
VMGRX returned −2.94% year to date and −1.54% over one year to Jul 2026. Annualised returns are +8.46% over 3 years and +1.33% over 5 years. The fund trailed its US Mid-Cap Growth category average: $100 invested three years ago grew to $128, against $139 for the category, and to $98 over one year, against $110. Volatility over the past three years was 20.01% a year. In the 12 months to Jul 2026 the fund took in a net $56.9M, and assets reached $2.70B.
VMGRX Growth of $100
What $100 invested in Vanguard Mid-Cap Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | VMGRX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $98 | $110 |
| 3 years (Aug 2023 – Jul 2026) | $128 | $139 |
| 5 years (Aug 2021 – Jul 2026) | $107 | $121 |
| Since data start (Aug 2019 – Jul 2026) | $162 | $189 |
VMGRX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −2.94% |
| 1 year | −1.54% |
| 3 years (annualised) | +8.46% |
| 5 years (annualised) | +1.33% |
VMGRX Annual Returns
Calendar-year total returns of Vanguard Mid-Cap Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −2.94% |
| 2025 | +8.98% |
| 2024 | +17.81% |
| 2023 | +24.08% |
| 2022 | −30.09% |
| 2021 | +9.77% |
| 2020 | +33.41% |
| 2019 (Aug–Dec) | +2.26% |
VMGRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −3.0% | −1.9% | −8.0% | +10.1% | +7.4% | +2.8% | −8.7% | — | — | — | — | — |
| 2025 | +6.2% | −7.1% | −8.6% | +1.9% | +9.1% | +5.4% | +1.6% | +0.3% | +0.8% | +1.1% | −2.3% | +1.6% |
| 2024 | −0.4% | +7.7% | +3.1% | −6.5% | −0.2% | +1.6% | +2.4% | +3.4% | +2.5% | −1.1% | +11.0% | −5.8% |
| 2023 | +9.8% | −1.5% | +1.2% | −2.0% | +0.6% | +8.6% | +3.4% | −2.3% | −6.5% | −7.0% | +11.3% | +8.3% |
| 2022 | −12.5% | −0.8% | +1.1% | −12.1% | −3.8% | −8.8% | +11.8% | −2.6% | −9.6% | +6.9% | +4.8% | −6.4% |
| 2021 | −1.6% | +5.2% | −2.7% | +6.7% | −3.5% | +5.0% | +2.1% | +2.1% | −3.9% | +6.0% | −6.3% | +1.5% |
| 2020 | +1.0% | −6.3% | −16.4% | +14.1% | +11.6% | +2.6% | +6.4% | +4.1% | −1.2% | −1.1% | +12.7% | +5.8% |
| 2019 | — | — | — | — | — | — | — | −2.5% | −1.6% | +0.8% | +4.2% | +1.6% |
VMGRX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 20.01%
- 3-year Sharpe ratio: 0.20 (vs 4.5% risk-free rate)
- Best month: +11.30% (Nov 2023)
- Worst month: −8.71% (Jul 2026)
VMGRX Fund Flows
Monthly money in and out of Vanguard Mid-Cap Growth Fund, from SEC Form N-PORT.
- 12-month net flow: $56.9M
- 12-month gross sales (incl. reinvestments): $868.7M
- Sales ÷ redemptions: 1.07×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $17.7M | $64.4M | −$46.8M |
| Jun 2026 | $11.5M | $88.3M | −$76.8M |
| May 2026 | $11.0M | $47.7M | −$36.8M |
| Apr 2026 | $16.2M | $47.1M | −$30.9M |
| Mar 2026 | $18.5M | $44.3M | −$25.8M |
| Feb 2026 | $13.6M | $54.4M | −$40.8M |
| Jan 2026 | $18.7M | $56.1M | −$37.4M |
| Dec 2025 | $488.5M | $85.3M | $403.2M |
| Nov 2025 | $84.0M | $35.0M | $49.0M |
| Oct 2025 | $161.5M | $197.8M | −$36.4M |
| Sep 2025 | $14.6M | $51.1M | −$36.5M |
| Aug 2025 | $13.0M | $40.2M | −$27.2M |
VMGRX Assets Under Management
Net assets of Vanguard Mid-Cap Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.70B |
| 2026-04-30 | $2.83B |
| 2026-01-31 | $2.95B |
| 2025-10-31 | $3.12B |
| 2025-07-31 | $3.15B |
| 2025-04-30 | $2.75B |
| 2025-01-31 | $3.26B |
| 2024-10-31 | $3.04B |
| 2024-07-31 | $2.98B |
| 2024-04-30 | $3.00B |
| 2024-01-31 | $2.94B |
| 2023-10-31 | $2.53B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.