Vanguard U.S. Value Factor (VFVA) Performance
VFVA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +22.0% since Dec 31, 2025
- 1 year
- +27.6% total return
- 5 years
- +11.5% a year
- Since first price
- +11.2% a year since 2018
VFVA trailing returns vs SPY, QQQ, AGG
| Period | VFVA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.8% | +3.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.6% | +5.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +13.2% | +12.1% | +7.8% | +8.4% | −1.5% |
| YTD | +22.0% | +20.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +27.6% | +25.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +79.3%+21.5%/yr | +67.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +72.1%+11.5%/yr | +53.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionFeb 15, 2018 | +151.9%+11.2%/yr | +107.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: VFVA vs SPY
From Feb 15, 2018: VFVA grew to $25,187, SPY to $31,785.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VFVA returns by calendar year
6 of 7 full years positive. Best 2021 (+36.9%), worst 2022 (−4.0%). 2026 is year to date.
VFVA annual returns table
| Year | VFVA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +22.0% | −8.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.8% | −21.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.7% | −9.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.4% | −17.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −4.0% | −20.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +36.9% | −9.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +2.3% | −48.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +25.4% | −14.0% | +31.2% | +39.0% | +8.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
VFVA largest drawdowns
Now 2.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 20, 2018 | −48.6% | Mar 23, 2020 | Dec 10, 2020 | 1.5 years | 2.2 years |
| Nov 25, 2024 | −24.1% | Apr 8, 2025 | Aug 22, 2025 | 4 months | 9 months |
| Mar 29, 2022 | −20.2% | Sep 26, 2022 | Feb 1, 2023 | 6 months | 10 months |
| Feb 2, 2023 | −17.0% | May 4, 2023 | Dec 13, 2023 | 3 months | 10 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
VFVA risk statistics
| Statistic | 3 years | 5 years | Since 2018 |
|---|---|---|---|
| Annualized return | +17.3% | +11.4% | +10.8% |
| Volatility (annualized) | 16.6% | 19.5% | 23.0% |
| Sharpe ratio | 0.78 | 0.47 | 0.45 |
| Sortino ratio | 1.36 | 0.75 | 0.67 |
| Best month | +9.8% | +14.3% | +18.9% |
| Worst month | −7.6% | −12.2% | −26.4% |
| Best 12 months | +37.3% | +37.3% | +104.5% |
| Worst 12 months | −2.1% | −10.3% | −32.9% |
| Positive months | 58% | 53% | 59% |
| Beta vs S&P 500 | 0.89 | 0.95 | — |
| Correlation with S&P 500 | 0.67 | 0.76 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
VFVA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 93 | −32.9% | +7.8% | +104.5% | 70% |
| 3-year (a year) | 69 | +4.9% | +12.9% | +29.9% | 100% |
| 5-year (a year) | 45 | +5.6% | +12.5% | +22.1% | 100% |
Every holding period starting at a month-end since 2018. Returns for 3 years and longer are annualized.
VFVA performance overview
Vanguard U.S. Value Factor (VFVA) returned +27.6% over the past year and +11.5% a year over five years, with distributions reinvested. Since its first recorded price in 2018 it has returned +11.2% a year, turning $10,000 into about $25,187. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −48.6%, from Sep 20, 2018 to Mar 23, 2020, and it took 9 months to get back to the old high. VFVA finished 6 of its 7 full calendar years with a gain; the best year was 2021 (+36.9%) and the worst 2022 (−4.0%). Volatility has been 23.0% a year.
Related: VFVA chart, VFVA holdings, VFVA dividends. See the VFVA overview for the latest quote and fund facts.
VFVA performance FAQ
What is the VFVA return over the past year?
VFVA returned +27.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 25.1%.
What is the average annual return of VFVA?
VFVA has returned +11.5% a year over 5 years, +11.2% a year since February 15, 2018 (total return, distributions reinvested).
How much would $10,000 invested in VFVA be worth?
$10,000 invested in VFVA at its first recorded close on February 15, 2018 would be worth about $25,187 on October 23, 2026 with distributions reinvested.
What was the worst year for VFVA?
The worst calendar year was 2022, with a total return of −4.0%. The best was 2021 at +36.9%.
What is the biggest drawdown of VFVA?
The largest peak-to-trough decline was −48.6% between September 20, 2018 and March 23, 2020. It recovered to the old high on December 10, 2020, 9 months after the bottom.
How volatile is VFVA?
Over the past 3 years VFVA had an annualized volatility of 16.6% and a Sharpe ratio of 0.78 (excess return over 1–3 month T-bills per unit of risk).