VXF
Vanguard Extended Market ETF
The Vanguard Extended Market ETF seeks investment results that correspond to the price and yield performance of the S&P Completion Index. The index consists mid- and small-cap stocks diversified across growth and value styles.
US
EQUITY
Passive
MANAGEMENT STYLE
13.7 B
ASSETS UNDER MGMT
5 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 27, 2001 |
| Assets (mns) | $13,659 |
| Expense ratio | 5 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ROBLOX CORP. CLASS A | 1.1 % |
| CRH PLC | 1.0 % |
| SNOWFLAKE, INC. CLASS A | 1.0 % |
| MICROSTRATEGY INC-CL A | 1.0 % |
| MARVELL TECHNOLOGY, INC. | 1.0 % |
| VERTIV HOLDINGS CO. CLASS A | 0.9 % |
| CLOUDFLARE INC CLASS A | 0.8 % |
| ALNYLAM PHARMACEUTICALS INC | 0.8 % |
| CHENIERE ENERGY INC | 0.6 % |
| CARVANA CO. CLASS A | 0.6 % |
Constituent Breakdown
| Number of holdings | 3458 |
| Herfindahl-Hirschman Index | 21 |
| Wgt avg mkt cap (mns) | $14,986 |
| Large cap (>$10bn) | 36.7% |
| Mid cap ($2-10bn) | 43.0% |
| Small cap (<$2bn) | 11.8% |
| Developed mkts. | 91.3% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 85.0 % |
 |
BRITAIN | 0.8 % |
 |
SOUTH KOREA | 0.5 % |
 |
BERMUDA | 0.5 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.2% | 15.0% | 20.9% | 18.1% | 10.0% | 9.9% | 8.0% | 8.4% |
| Dividend Yield | 0.7% | 1.0% | 1.3% | 1.5% | 1.3% | 1.4% | 1.5% | 1.4% |
| Total Returns | 10.9% | 16.1% | 22.2% | 19.6% | 11.4% | 11.3% | 9.5% | 9.7% | Ann. Volatility | 24.9% | 23.5% | 21.2% | 21.4% | 22.6% | 22.3% | 23.1% | 22.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.30 | 76% |
| MSCI EAFE | 0.72 | 29% |
| MSCI Emg Mkts | 0.46 | 13% |
Liquidity Measures
| Avg. volume (000) | 368 |
| ADV traded (mns) | $78 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $211.63 |
| 30d moving avg. | $209.90 |
| Annualized volatility | 19.9% |
| Relative strength (RSI) | 53 |
| Short interest | 2.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| VB | Vanguard Small-Cap ETF | 65.0% | 0 bp | +5.8% |
| ISCB | iShares Morningstar Small-Cap ETF | 59.8% | -1 bp | +6.1% |
| DFAS | Dimensional U.S. Small Cap ETF | 48.6% | +21 bp | +6.6% |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | 48.5% | +12 bp | +5.8% |
| BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 43.0% | +2 bp | +5.7% |
| ISCG | iShares Morningstar Small-Cap Growth ETF | 40.7% | +1 bp | +2.9% |
| SFYX | SoFi Next 500 ETF | 40.6% | -5 bp | +5.9% |
| SMLF | iShares U.S. SmallCap Equity Factor ETF | 40.4% | +10 bp | +5.9% |
| SCHA | Schwab U.S. Small-Cap ETF | 39.1% | -1 bp | +6.2% |
| ISCV | iShares Morningstar Small Cap Value ETF | 38.8% | +1 bp | +9.2% |
Risk and Returns: VXF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/24/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
VXF
4.4%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 995 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.3%. VXF's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places VXF in the 30rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VXFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive US Equity ETFs |
| # of ETFs | 217 |
| Avg. Expense Ratio | 31.1 bp |
| Std. Deviation | 25.2 bp |
| VXF (5 bp) Percentile rank | 15 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VXF | 5.0 | 2.1 | 7.1 |
| Peer Avg. | 31.1 | 10.5 | 41.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .