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VSCIX · Vanguard Small-cap Index Fund Institutional Shares

Over the last 15 years (2011-09 to 2026-09), $10,000 invested in VSCIX with dividends reinvested grew to $52,564, 11.63% a year, with a worst peak-to-trough fall of -30.08%. Past performance doesn't predict future results.

Growth of $10,000 · 2011-09 to 2026-09 · dividends reinvested

CAGR (annualized return)
11.63%
Volatility (annualized)
18.03%
Worst drawdown
-30.08%
Sharpe ratio
0.61

How VSCIX held up in past market crashes

VSCIX has been through 5 of the market crashes since 2000 in our data. Its deepest price fall was 60.7% in the 2008 financial crisis, when the S&P 500 fell 56.5%. It took 23 months from the bottom to get back to its high. No fund is safe from losses; past falls do not predict future ones.

Deepest price fall and recovery time of VSCIX in each market crash, next to the S&P 500
CrashVSCIX deepest fallS&P 500 (SPY)Peak to bottomBack to peak
Dot-com bust-49.3%-49.1%Mar 2000 to Oct 20022.2 years
2008 financial crisis-60.7%-56.5%Oct 2007 to Mar 200923 months
2018 fourth-quarter selloff-24.9%-20.2%Sep 2018 to Dec 201812 months
2020 COVID crash-42.0%-34.1%Feb 2020 to Mar 20208 months
2022 bear market-25.3%-25.4%Jan 2022 to Sep 202218 months

Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.

About VSCIX

Vanguard Small-Cap Index Fund Institutional Shares is a mutual fund designed to track the performance of the CRSP US Small Cap Index, capturing the returns of small-capitalization companies across the United States. By employing a market-capitalization weighting approach, the fund provides broad exposure to the lower 15% of the U.S. equity market by market size, offering investors access to a wide range of small businesses from various sectors. Its portfolio is highly diversified, with minimal concentration among its largest holdings, which reduces stock-specific risk and strengthens its representation of the U.S. small-cap segment. The fund is distinguished by its low expense ratio and turnover, attributes that help minimize costs and promote efficiency. As an institutional share class, it is tailored for large investors, reflected by its high initial investment requirement. Vanguard Small-Cap Index Fund Institutional Shares serves as a foundational component for diversified equity portfolios, offering comprehensive access to U.S. small-cap equities and playing a significant role in helping investors achieve long-term growth objectives through broad market participation and disciplined, index-based investing.

Put VSCIX to the test

Every tool below opens prefilled with VSCIX: free, no account needed.

Educational use only, not investment advice. Results are hypothetical.Read full disclaimer

This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.

VSCIX (Vanguard Small-cap Index Fund Institutional Shares): returns, risk & backtest · Informed Portfolio