VMVLX Performance — Vanguard Mega Cap Value Index Fund, Institutional Shares
Data updated: 2026-07-29
VMVLX returned +12.28% year to date and +26.75% over one year to May 2026. Annualised returns are +19.56% over 3 years and +11.97% over 5 years. The fund beat its US Large Value category average: $100 invested three years ago grew to $171, against $165 for the category, and to $127 over one year, against $124. Volatility over the past three years was 11.42% a year. In the 12 months to May 2026 the fund took in a net $1.1B, and assets reached $12.66B.
VMVLX Growth of $100
What $100 invested in Vanguard Mega Cap Value Index Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | VMVLX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $127 | $124 |
| 3 years (Jun 2023 – May 2026) | $171 | $165 |
| 5 years (Jun 2021 – May 2026) | $176 | $163 |
| Since data start (Sep 2019 – May 2026) | $236 | $223 |
VMVLX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +12.28% |
| 1 year | +26.75% |
| 3 years (annualised) | +19.56% |
| 5 years (annualised) | +11.97% |
VMVLX Annual Returns
Calendar-year total returns of Vanguard Mega Cap Value Index Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +12.28% |
| 2025 | +15.59% |
| 2024 | +16.86% |
| 2023 | +9.17% |
| 2022 | −1.21% |
| 2021 | +25.92% |
| 2020 | +2.49% |
| 2019 (Sep–Dec) | +11.99% |
VMVLX 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 | +5.0% | +3.3% | −4.8% | +5.3% | +3.2% | — | — | — | — | — | — | — |
| 2025 | +4.8% | +1.4% | −2.3% | −3.8% | +2.6% | +3.9% | −0.5% | +3.4% | +2.5% | −0.3% | +2.5% | +0.9% |
| 2024 | +1.7% | +3.0% | +5.0% | −3.7% | +2.9% | +0.7% | +4.5% | +3.0% | +1.2% | −1.4% | +5.4% | −5.9% |
| 2023 | +1.8% | −3.1% | +0.3% | +1.9% | −3.8% | +5.5% | +3.5% | −2.1% | −3.0% | −2.3% | +6.2% | +4.6% |
| 2022 | −0.8% | −1.3% | +3.2% | −4.9% | +2.3% | −7.3% | +4.6% | −2.8% | −7.4% | +12.2% | +6.0% | −3.1% |
| 2021 | −0.9% | +4.4% | +6.5% | +3.2% | +2.9% | −0.8% | +1.1% | +1.9% | −4.1% | +5.8% | −2.9% | +7.0% |
| 2020 | −2.7% | −9.6% | −13.3% | +10.4% | +2.6% | −1.3% | +3.2% | +4.5% | −2.3% | −2.7% | +12.9% | +3.8% |
| 2019 | — | — | — | — | — | — | — | — | +3.2% | +2.2% | +3.5% | +2.7% |
VMVLX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 11.42%
- 3-year Sharpe ratio: 1.32 (vs 4.5% risk-free rate)
- Best month: +6.25% (Nov 2023)
- Worst month: −5.91% (Dec 2024)
VMVLX Fund Flows
Monthly money in and out of Vanguard Mega Cap Value Index Fund, from SEC Form N-PORT.
- 12-month net flow: $1.1B
- 12-month gross sales (incl. reinvestments): $2.0B
- Sales ÷ redemptions: 2.38×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $154.5M | $20.1M | $134.4M |
| Apr 2026 | $118.6M | $4.0M | $114.6M |
| Mar 2026 | $81.2M | $19.1M | $62.0M |
| Feb 2026 | $148.4M | $15.6M | $132.8M |
| Jan 2026 | $123.7M | $62.8M | $60.9M |
| Dec 2025 | $216.8M | $159.5M | $57.4M |
| Nov 2025 | $145.6M | $14.0M | $131.5M |
| Oct 2025 | $89.7M | $48.8M | $40.9M |
| Sep 2025 | $454.8M | $351.7M | $103.0M |
| Aug 2025 | $99.9M | $19.9M | $79.9M |
| Jul 2025 | $119.5M | $33.9M | $85.5M |
| Jun 2025 | $199.3M | $71.2M | $128.2M |
VMVLX Assets Under Management
Net assets of Vanguard Mega Cap Value Index Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $12.66B |
| 2026-02-28 | $11.98B |
| 2025-11-30 | $10.78B |
| 2025-08-31 | $10.07B |
| 2025-05-31 | $9.19B |
| 2025-02-28 | $9.03B |
| 2024-11-30 | $8.90B |
| 2024-08-31 | $8.46B |
| 2024-05-31 | $7.52B |
| 2024-02-29 | $7.06B |
| 2023-11-30 | $6.27B |
| 2023-08-31 | $6.19B |
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.