Vanguard index fund 3-year returns

The table below lists the 3-year annualized returns of the Vanguard Index funds. I have included the index funds that have been in the business for at least 3-years. The 3-year performance displayed below is as of 6/30/2008 and data is from the Vanguard’s website. The performance quoted also includes the dividends paid out by these index funds.

As you can see from the table, the small cap funds and value funds are already underperforming the growth and large caps for 3-years now. The long awaited large cap outperformance relative to small caps is going on for 3 years already. International index funds were the best performers in the last 3 years. It will be interesting to see how far the international outperformance continues. If I have to guess I will say that when I will make this table 3 years from now, I will probably see domestic index funds sitting on the top and international index funds will show low relative returns to the domestic index funds. That is my guess but we will have to wait and see.

Symbol	Index Fund Name	3-year Average Annual Returns
VEIEX	Emerging Market Stock Index Fund	25.64%
VGTSX	Total International Stock Index Fund	14.94%
VEURX	European Stock Index Fund	13.60%
VDMIX	Developed Markets Index Fund	12.91%
VPACX	Pacific Stock Index Fund	11.53%
VISGX	Small Cap Growth Index Fund	7.65%
VIGRX	Growth Index Fund	6.44%
VIMSX	Mid Cap Index Fund	6.72%
VEXMX	Extended Market Index Fund	6.11%
VLACX	Large Cap Index Fund	5.00%
VTSMX	Total Stock Market Index Fund	4.88%
VFINX	500 Index Fund	4.28%
VGSIX	REIT Index Fund	4.72%
NAESX	Small Cap Index Fund	4.55%
VIVAX	Value Index Fund	3.34%
VISVX	Small Cap Value Index Fund	1.28%