VEXMX vs. VEXAX
Compare and contrast key facts about Vanguard Extended Market Index Fund (VEXMX) and Vanguard Extended Market Index Fund Admiral Shares (VEXAX).
VEXMX is managed by Vanguard. It was launched on Dec 21, 1987. VEXAX is managed by Vanguard. It was launched on Nov 13, 2000.
Performance
VEXMX vs. VEXAX - Performance Comparison
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VEXMX vs. VEXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEXMX Vanguard Extended Market Index Fund | -4.57% | 10.93% | 15.05% | 26.79% | -26.56% | 12.31% | 32.43% | 27.87% | -9.48% | 17.94% |
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% |
Returns By Period
The year-to-date returns for both investments are quite close, with VEXMX having a -4.57% return and VEXAX slightly higher at -4.54%. Both investments have delivered pretty close results over the past 10 years, with VEXMX having a 10.38% annualized return and VEXAX not far ahead at 10.55%.
VEXMX
- 1D
- -1.03%
- 1M
- -7.76%
- YTD
- -4.57%
- 6M
- -4.46%
- 1Y
- 16.63%
- 3Y*
- 13.43%
- 5Y*
- 3.40%
- 10Y*
- 10.38%
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%
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VEXMX vs. VEXAX - Expense Ratio Comparison
VEXMX has a 0.19% expense ratio, which is higher than VEXAX's 0.06% 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
VEXMX vs. VEXAX — Risk / Return Rank
VEXMX
VEXAX
VEXMX vs. VEXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market Index Fund (VEXMX) and Vanguard Extended Market Index Fund Admiral Shares (VEXAX). 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.
| VEXMX | VEXAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.72 | 0.72 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.15 | 1.16 | -0.01 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 0.95 | -0.01 |
Martin ratioReturn relative to average drawdown | 3.86 | 3.91 | -0.05 |
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
| VEXMX | VEXAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.72 | 0.72 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.16 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.47 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.34 | +0.17 |
Correlation
The correlation between VEXMX and VEXAX is 1.00, 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
VEXMX vs. VEXAX - Dividend Comparison
VEXMX's dividend yield for the trailing twelve months is around 1.07%, less than VEXAX's 1.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEXMX Vanguard Extended Market Index Fund | 1.07% | 0.74% | 0.74% | 1.14% | 1.00% | 0.99% | 1.19% | 1.18% | 1.52% | 1.12% | 1.31% | 1.20% |
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% |
Drawdowns
VEXMX vs. VEXAX - Drawdown Comparison
The maximum VEXMX drawdown since its inception was -58.17%, roughly equal to the maximum VEXAX drawdown of -58.08%. Use the drawdown chart below to compare losses from any high point for VEXMX and VEXAX.
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Drawdown Indicators
| VEXMX | VEXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.17% | -58.08% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -14.63% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -36.38% | -36.33% | -0.05% |
Max Drawdown (10Y)Largest decline over 10 years | -41.63% | -41.62% | -0.01% |
Current DrawdownCurrent decline from peak | -10.27% | -10.25% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -12.25% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 3.54% | +0.01% |
Volatility
VEXMX vs. VEXAX - Volatility Comparison
Vanguard Extended Market Index Fund (VEXMX) and Vanguard Extended Market Index Fund Admiral Shares (VEXAX) have volatilities of 6.02% and 6.02%, 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
| VEXMX | VEXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.02% | 6.02% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.07% | 13.07% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.79% | 22.79% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.33% | 22.33% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 22.30% | +0.03% |