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VEXAX vs. VTSAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VEXAX vs. VTSAX

Last updated Jun 4, 2026

VEXAX (Vanguard Extended Market Index Fund Admiral Shares) and VTSAX (Vanguard Total Stock Market Index Fund Admiral Shares) are both mutual funds - VEXAX is a Mid Cap Blend Equities fund managed by Vanguard, while VTSAX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 10 years, VEXAX returned 12.19%/yr vs 15.12%/yr for VTSAX. Their correlation of 0.93 suggests significant overlap in exposure. VEXAX charges 0.06%/yr vs 0.04%/yr for VTSAX.

Performance

VEXAX vs. VTSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Extended Market Index Fund Admiral Shares (VEXAX) and Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VEXAX achieves a 14.93% return, which is significantly higher than VTSAX's 11.98% return. Over the past 10 years, VEXAX has underperformed VTSAX with an annualized return of 12.19%, while VTSAX has yielded a comparatively higher 15.12% annualized return.

VEXAX

1D
1.07%
1M
5.80%
YTD
14.93%
6M
13.66%
1Y
30.14%
3Y*
20.14%
5Y*
6.91%
10Y*
12.19%

VTSAX

1D
0.24%
1M
5.76%
YTD
11.98%
6M
11.87%
1Y
29.09%
3Y*
22.34%
5Y*
13.04%
10Y*
15.12%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VEXAX vs. VTSAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VEXAX
Vanguard Extended Market Index Fund Admiral Shares		14.93%11.42%15.47%26.95%-26.46%12.45%32.22%28.03%-9.37%18.11%
VTSAX
Vanguard Total Stock Market Index Fund Admiral Shares		11.98%17.12%23.23%26.51%-19.52%25.72%20.98%30.79%-5.18%21.16%

Correlation

The correlation between VEXAX and VTSAX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.88

Correlation (3Y)
Calculated over the trailing 3-year period

0.88

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (10Y)
Calculated over the trailing 10-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Nov 14, 2000

0.93

The correlation between VEXAX and VTSAX has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

VEXAX vs. VTSAX - Sectors Allocation Comparison

Sectors
VEXAX
VTSAX

Technology

19.8%
33.3%

Industrials

19.3%
9.5%

Financial Services

14.6%
11.9%

Healthcare

13.3%
9.1%

Consumer Cyclical

9.7%
9.8%

Real Estate

6.0%
2.4%

Energy

5.1%
3.8%

Basic Materials

4.2%
2.0%

Communication Services

3.3%
10.1%

Consumer Defensive

2.7%
4.7%

Utilities

2.0%
2.7%

Technology

VEXAX
19.8%
VTSAX
33.3%

Industrials

VEXAX
19.3%
VTSAX
9.5%

Financial Services

VEXAX
14.6%
VTSAX
11.9%

Healthcare

VEXAX
13.3%
VTSAX
9.1%

Consumer Cyclical

VEXAX
9.7%
VTSAX
9.8%

Real Estate

VEXAX
6.0%
VTSAX
2.4%

Energy

VEXAX
5.1%
VTSAX
3.8%

Basic Materials

VEXAX
4.2%
VTSAX
2.0%

Communication Services

VEXAX
3.3%
VTSAX
10.1%

Consumer Defensive

VEXAX
2.7%
VTSAX
4.7%

Utilities

VEXAX
2.0%
VTSAX
2.7%

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Vanguard Extended Market Index Fund Admiral Shares

Vanguard Total Stock Market Index Fund Admiral Shares

Often compared with VEXAX:
VEXAX vs. VIMAXVEXAX vs. VIEIXVEXAX vs. VOOVEXAX vs. VEMAXVEXAX vs. VTIVEXAX vs. VINIXVEXAX vs. VASVX
Often compared with VTSAX:
VTSAX vs. VOOVTSAX vs. VTIAXVTSAX vs. SWTSXVTSAX vs. FSKAXVTSAX vs. VTIVTSAX vs. SPYVTSAX vs. VTWAX

Return for Risk

VEXAX vs. VTSAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VEXAX
VEXAX Risk / Return Rank: 4747
Overall Rank
VEXAX Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
VEXAX Sortino Ratio Rank: 3939
Sortino Ratio Rank
VEXAX Omega Ratio Rank: 3636
Omega Ratio Rank
VEXAX Calmar Ratio Rank: 6666
Calmar Ratio Rank
VEXAX Martin Ratio Rank: 5555
Martin Ratio Rank
VTSAX
VTSAX Risk / Return Rank: 7171
Overall Rank
VTSAX Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
VTSAX Sortino Ratio Rank: 6565
Sortino Ratio Rank
VTSAX Omega Ratio Rank: 6363
Omega Ratio Rank
VTSAX Calmar Ratio Rank: 7474
Calmar Ratio Rank
VTSAX Martin Ratio Rank: 8383
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VEXAX vs. VTSAX - 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 Total Stock Market Index Fund Admiral Shares (VTSAX). 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.

VEXAXVTSAXDifference
Sharpe ratioReturn per unit of total volatility
1.87
2.47

-0.60

Sortino ratioReturn per unit of downside risk
2.61
3.36

-0.76

Omega ratioGain probability vs. loss probability

1.32

1.44

-0.12

Calmar ratioReturn relative to maximum drawdown

3.13

3.37

-0.24

Martin ratioReturn relative to average drawdown

11.08

15.56

-4.48

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEXAX vs. VTSAX - Sharpe Ratio Comparison

The current VEXAX Sharpe Ratio is 1.87, which is comparable to the VTSAX Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of VEXAX and VTSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

VEXAXVTSAXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.87

2.47

-0.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.31

0.76

-0.44

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.55

0.82

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

0.47

-0.10

Drawdowns

VEXAX vs. VTSAX - Drawdown Comparison

The maximum VEXAX drawdown since its inception was -58.08%, roughly equal to the maximum VTSAX drawdown of -55.33%. Use the drawdown chart below to compare losses from any high point for VEXAX and VTSAX.

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Drawdown Indicators

VEXAXVTSAXDifference

Max Drawdown

Largest peak-to-trough decline

-58.08%

-55.33%

-2.75%

Max Drawdown (1Y)

Largest decline over 1 year

-10.25%

-8.92%

-1.33%

Max Drawdown (3Y)

Largest decline over 3 years

-26.84%

-19.36%

-7.48%

Max Drawdown (5Y)

Largest decline over 5 years

-36.33%

-25.36%

-10.97%

Max Drawdown (10Y)

Largest decline over 10 years

-41.62%

-34.97%

-6.65%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-12.18%

-9.01%

-3.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.89%

1.93%

+0.96%

Volatility

VEXAX vs. VTSAX - Volatility Comparison

Vanguard Extended Market Index Fund Admiral Shares (VEXAX) has a higher volatility of 4.69% compared to Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) at 2.95%. This indicates that VEXAX's price experiences larger fluctuations and is considered to be riskier than VTSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VEXAXVTSAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.69%

2.95%

+1.74%

Volatility (6M)

Calculated over the trailing 6-month period

12.46%

9.19%

+3.27%

Volatility (1Y)

Calculated over the trailing 1-year period

17.17%

12.19%

+4.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.34%

17.36%

+4.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.36%

18.41%

+3.95%

VEXAX vs. VTSAX - Expense Ratio Comparison

VEXAX has a 0.06% expense ratio, which is higher than VTSAX'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%.

Dividends

VEXAX vs. VTSAX - Dividend Comparison

VEXAX's dividend yield for the trailing twelve months is around 1.01%, which matches VTSAX's 1.00% yield.

PositionTTM20252024202320222021202020192018201720162015
VEXAX
Vanguard Extended Market Index Fund Admiral Shares		1.01%1.14%1.09%1.25%1.15%1.13%1.07%1.30%1.66%1.25%1.43%1.35%
VTSAX
Vanguard Total Stock Market Index Fund Admiral Shares		1.00%1.11%1.26%1.42%1.65%1.20%1.41%1.76%2.03%1.71%1.92%1.98%

Frequently Asked Questions

VEXAX and VTSAX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VEXAX has higher volatility (4.69%) compared to VTSAX (2.95%). In terms of maximum drawdown, VEXAX dropped -58.08% vs VTSAX's -55.33%.

VTSAX currently has the higher Sharpe Ratio (2.47 vs 1.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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