VEXAX vs. VXF
VEXAX (Vanguard Extended Market Index Fund Admiral Shares) and VXF (Vanguard Extended Market ETF) are both Mid Cap Blend Equities funds from Vanguard tracking the S&P Completion Index. Both are passively managed. Over the past 10 years, VEXAX returned 11.98%/yr vs 11.88%/yr for VXF. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.05% expense ratio.
Performance
VEXAX vs. VXF - Performance Comparison
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Returns By Period
In the year-to-date period, VEXAX achieves a 18.28% return, which is significantly higher than VXF's 17.25% return. Both investments have delivered pretty close results over the past 10 years, with VEXAX having a 11.98% annualized return and VXF not far behind at 11.88%.
VEXAX
- 1D
- 2.31%
- 1M
- 0.48%
- 6M
- 15.46%
- YTD
- 18.28%
- 1Y
- 26.18%
- 3Y*
- 18.48%
- 5Y*
- 6.77%
- 10Y*
- 11.98%
- ALL TIME*
- 8.56%
VXF
- 1D
- -0.83%
- 1M
- -0.38%
- 6M
- 14.44%
- YTD
- 17.25%
- 1Y
- 25.17%
- 3Y*
- 18.12%
- 5Y*
- 6.62%
- 10Y*
- 11.88%
- ALL TIME*
- 10.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $103.70M | $90.73M | $108.34M |
VEXAX vs. VXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEXAX Vanguard Extended Market Index Fund Admiral Shares | 18.28% | 11.42% | 15.47% | 26.95% | -26.46% | 12.45% | 32.22% | 28.03% | -9.37% | 18.11% |
VXF Vanguard Extended Market ETF | 17.25% | 11.40% | 16.89% | 25.51% | -26.52% | 12.31% | 32.45% | 27.96% | -9.34% | 18.06% |
Correlation
The correlation between VEXAX and VXF is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2002 | 0.99 |
The correlation between VEXAX and VXF has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
VEXAX vs. VXF - Sectors Allocation Comparison
Sectors
VEXAX
VXF
Industrials
Technology
Financial Services
Healthcare
Consumer Cyclical
Real Estate
Basic Materials
Energy
Communication Services
Consumer Defensive
Utilities
Industrials
VEXAX
VXF
Technology
VEXAX
VXF
Financial Services
VEXAX
VXF
Healthcare
VEXAX
VXF
Consumer Cyclical
VEXAX
VXF
Real Estate
VEXAX
VXF
Basic Materials
VEXAX
VXF
Energy
VEXAX
VXF
Communication Services
VEXAX
VXF
Consumer Defensive
VEXAX
VXF
Utilities
VEXAX
VXF
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Return for Risk
VEXAX vs. VXF — Risk / Return Rank
VEXAX
VXF
VEXAX vs. VXF - 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 Extended Market ETF (VXF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VEXAX | VXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 2.48 | +0.08 |
| Martin ratioReturn relative to average drawdown | 8.63 | 8.39 | +0.24 |
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Drawdowns
VEXAX vs. VXF - Drawdown Comparison
The maximum VEXAX drawdown since its inception was -58.08%, roughly equal to the maximum VXF drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for VEXAX and VXF.
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Drawdown Indicators
| VEXAX | VXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.08% | -58.03% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.25% | -10.21% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -26.84% | -26.92% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -36.33% | -36.39% | +0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.62% | -41.72% | +0.10% |
Current DrawdownCurrent decline from peak | -0.10% | -0.96% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -9.50% | -2.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.02% | 3.01% | +0.01% |
Volatility
VEXAX vs. VXF - Volatility Comparison
Vanguard Extended Market Index Fund Admiral Shares (VEXAX) and Vanguard Extended Market ETF (VXF) have volatilities of 4.91% and 4.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEXAX | VXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 4.75% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 13.50% | 13.50% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.90% | 17.80% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 22.42% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 22.29% | +0.08% |
VEXAX vs. VXF - Expense Ratio Comparison
Both VEXAX and VXF have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
VEXAX vs. VXF - Dividend Comparison
VEXAX's dividend yield for the trailing twelve months is around 0.99%, which matches VXF's 1.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEXAX Vanguard Extended Market Index Fund Admiral Shares | 0.99% | 1.14% | 1.09% | 1.25% | 1.15% | 1.13% | 1.07% | 1.30% | 1.66% | 1.25% | 1.43% | 1.35% |
VXF Vanguard Extended Market ETF | 1.00% | 1.14% | 1.09% | 1.27% | 1.15% | 1.13% | 1.07% | 1.30% | 1.66% | 1.25% | 1.43% | 1.35% |
Frequently Asked Questions
With a correlation of 1.00, VEXAX and VXF move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VEXAX has higher volatility (4.91%) compared to VXF (4.75%). In terms of maximum drawdown, VEXAX dropped -58.08% vs VXF's -58.03%.
VEXAX currently has the higher Sharpe Ratio (1.47 vs 1.42), 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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