VEXAX vs. VO
Compare and contrast key facts about Vanguard Extended Market Index Fund Admiral Shares (VEXAX) and Vanguard Mid-Cap ETF (VO).
VEXAX is managed by Vanguard. It was launched on Nov 13, 2000. VO is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Index. It was launched on Jan 26, 2004.
Performance
VEXAX vs. VO - Performance Comparison
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VEXAX vs. VO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEXAX Vanguard Extended Market Index Fund Admiral Shares | -4.54% | 11.42% | 15.47% | 26.95% | -26.46% | 12.45% | 32.22% | 28.03% | -9.37% | 18.11% |
VO Vanguard Mid-Cap ETF | -0.68% | 11.62% | 15.31% | 16.03% | -18.73% | 24.70% | 18.10% | 30.98% | -9.24% | 19.28% |
Returns By Period
In the year-to-date period, VEXAX achieves a -4.54% return, which is significantly lower than VO's -0.68% return. Both investments have delivered pretty close results over the past 10 years, with VEXAX having a 10.55% annualized return and VO not far ahead at 10.67%.
VEXAX
- 1D
- -1.04%
- 1M
- -7.75%
- YTD
- -4.54%
- 6M
- -4.39%
- 1Y
- 16.80%
- 3Y*
- 13.78%
- 5Y*
- 3.65%
- 10Y*
- 10.55%
VO
- 1D
- 2.22%
- 1M
- -5.86%
- YTD
- -0.68%
- 6M
- -1.48%
- 1Y
- 12.73%
- 3Y*
- 12.61%
- 5Y*
- 6.66%
- 10Y*
- 10.67%
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VEXAX vs. VO - Expense Ratio Comparison
VEXAX has a 0.06% expense ratio, which is higher than VO's 0.04% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VEXAX vs. VO — Risk / Return Rank
VEXAX
VO
VEXAX vs. VO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market Index Fund Admiral Shares (VEXAX) and Vanguard Mid-Cap ETF (VO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VEXAX | VO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.73 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.12 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.95 | 1.05 | -0.10 |
Martin ratioReturn relative to average drawdown | 3.91 | 4.84 | -0.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEXAX | VO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.73 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.38 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.57 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.48 | -0.14 |
Correlation
The correlation between VEXAX and VO is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VEXAX vs. VO - Dividend Comparison
VEXAX's dividend yield for the trailing twelve months is around 1.22%, less than VO's 1.51% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEXAX Vanguard Extended Market Index Fund Admiral Shares | 1.22% | 1.14% | 1.09% | 1.25% | 1.15% | 1.13% | 1.07% | 1.30% | 1.66% | 1.25% | 1.43% | 1.35% |
VO Vanguard Mid-Cap ETF | 1.51% | 1.52% | 1.49% | 1.52% | 1.60% | 1.12% | 1.45% | 1.48% | 1.82% | 1.35% | 1.45% | 1.47% |
Drawdowns
VEXAX vs. VO - Drawdown Comparison
The maximum VEXAX drawdown since its inception was -58.08%, roughly equal to the maximum VO drawdown of -58.87%. Use the drawdown chart below to compare losses from any high point for VEXAX and VO.
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Drawdown Indicators
| VEXAX | VO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.08% | -58.87% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -12.74% | -1.89% |
Max Drawdown (5Y)Largest decline over 5 years | -36.33% | -27.57% | -8.76% |
Max Drawdown (10Y)Largest decline over 10 years | -41.62% | -39.37% | -2.25% |
Current DrawdownCurrent decline from peak | -10.25% | -6.12% | -4.13% |
Average DrawdownAverage peak-to-trough decline | -12.25% | -7.91% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 2.76% | +0.78% |
Volatility
VEXAX vs. VO - Volatility Comparison
Vanguard Extended Market Index Fund Admiral Shares (VEXAX) has a higher volatility of 6.02% compared to Vanguard Mid-Cap ETF (VO) at 4.89%. This indicates that VEXAX's price experiences larger fluctuations and is considered to be riskier than VO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEXAX | VO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 4.89% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 9.72% | +3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 17.57% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 17.62% | +4.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.30% | 18.94% | +3.36% |