VXF vs. VEXAX
VXF (Vanguard Extended Market ETF) and VEXAX (Vanguard Extended Market Index Fund Admiral Shares) are both Mid Cap Blend Equities funds from Vanguard tracking the S&P Completion Index. Both are passively managed. Over the past 10 years, VXF returned 11.73%/yr vs 11.72%/yr for VEXAX. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.05% expense ratio.
Performance
VXF vs. VEXAX - Performance Comparison
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Returns By Period
In the year-to-date period, VXF achieves a 15.62% return, which is significantly higher than VEXAX's 13.51% return. Both investments have delivered pretty close results over the past 10 years, with VXF having a 11.73% annualized return and VEXAX not far behind at 11.72%.
VXF
- 1D
- 1.82%
- 1M
- -1.15%
- 6M
- 12.27%
- YTD
- 15.62%
- 1Y
- 25.59%
- 3Y*
- 17.56%
- 5Y*
- 6.57%
- 10Y*
- 11.73%
- ALL TIME*
- 10.05%
VEXAX
- 1D
- -0.41%
- 1M
- -3.02%
- 6M
- 10.16%
- YTD
- 13.51%
- 1Y
- 23.27%
- 3Y*
- 15.98%
- 5Y*
- 6.10%
- 10Y*
- 11.72%
- ALL TIME*
- 8.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $77.57M | $79.52M | $104.92M |
VXF vs. VEXAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VXF Vanguard Extended Market ETF | 15.62% | 11.40% | 16.89% | 25.51% | -26.52% | 12.31% | 32.45% | 27.96% | -9.34% | 18.06% |
VEXAX Vanguard Extended Market Index Fund Admiral Shares | 13.51% | 11.42% | 15.47% | 26.95% | -26.46% | 12.45% | 32.22% | 28.03% | -9.37% | 18.11% |
Correlation
The correlation between VXF and VEXAX is 0.99 - 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. | 0.99 |
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 VXF and VEXAX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
VXF vs. VEXAX - Sectors Allocation Comparison
Sectors
VXF
VEXAX
Industrials
Technology
Financial Services
Healthcare
Consumer Cyclical
Real Estate
Basic Materials
Energy
Communication Services
Consumer Defensive
Utilities
Industrials
VXF
VEXAX
Technology
VXF
VEXAX
Financial Services
VXF
VEXAX
Healthcare
VXF
VEXAX
Consumer Cyclical
VXF
VEXAX
Real Estate
VXF
VEXAX
Basic Materials
VXF
VEXAX
Energy
VXF
VEXAX
Communication Services
VXF
VEXAX
Consumer Defensive
VXF
VEXAX
Utilities
VXF
VEXAX
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Return for Risk
VXF vs. VEXAX — Risk / Return Rank
VXF
VEXAX
VXF vs. VEXAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Market ETF (VXF) 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.
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.
| VXF | VEXAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 2.03 | +0.49 |
| Martin ratioReturn relative to average drawdown | 8.54 | 6.88 | +1.65 |
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Drawdowns
VXF vs. VEXAX - Drawdown Comparison
The maximum VXF drawdown since its inception was -58.03%, roughly equal to the maximum VEXAX drawdown of -58.08%. Use the drawdown chart below to compare losses from any high point for VXF and VEXAX.
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Drawdown Indicators
| VXF | VEXAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.03% | -58.08% | +0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.21% | -10.25% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -26.92% | -26.84% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -36.39% | -36.33% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -41.72% | -41.62% | -0.10% |
Current DrawdownCurrent decline from peak | -2.34% | -4.13% | +1.79% |
Average DrawdownAverage peak-to-trough decline | -9.50% | -12.12% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.02% | -0.01% |
Volatility
VXF vs. VEXAX - Volatility Comparison
Vanguard Extended Market ETF (VXF) has a higher volatility of 4.34% compared to Vanguard Extended Market Index Fund Admiral Shares (VEXAX) at 3.88%. This indicates that VXF's price experiences larger fluctuations and is considered to be riskier than VEXAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VXF | VEXAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 3.88% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.31% | 13.32% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.77% | 17.81% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 22.40% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.28% | 22.35% | -0.07% |
VXF vs. VEXAX - Expense Ratio Comparison
Both VXF and VEXAX 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
VXF vs. VEXAX - Dividend Comparison
VXF's dividend yield for the trailing twelve months is around 1.02%, which matches VEXAX's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEXAX Vanguard Extended Market Index Fund Admiral Shares | 1.03% | 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 | 1.02% | 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 0.99, VXF and VEXAX 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.
VXF has higher volatility (4.34%) compared to VEXAX (3.88%). In terms of maximum drawdown, VXF dropped -58.03% vs VEXAX's -58.08%.
VXF currently has the higher Sharpe Ratio (1.45 vs 1.17), 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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