VBR vs VXF
Vanguard Morningstar Small-Cap Value ETF vs Vanguard Extended Market ETF
Which is better, VBR or VXF?
Small Cap Value against Mid Cap Blend.
VBR led over 1Y and 5Y, VXF over 3Y and the full window. The two have moved almost in lockstep, correlation 0.95.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | VBR | VXF |
|---|---|---|
| Expense Ratio | 0.05%Tie | 0.05%Tie |
| AUM | $37.3B | $30.5B |
| Dividend Yield | 1.76% | 1.01% |
| Holdings | 847 | 3,385 |
| YTD Return | +12.32% | +12.82%Best |
| 1Y Return | +15.68%Best | +12.92% |
| 3Y Return (annualized) | +16.72% | +19.94%Best |
| 5Y Return (annualized) | +9.73%Best | +6.46% |
| Volatility (annualized) | 19.0% | 18.8%Best |
| Max Drawdown | -64.0% | -59.4%Best |
| $10,000 over 5 years | $15,908Best | $13,675 |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Value | Mid Cap Blend |
| Inception | Jan 26, 2004 | Dec 27, 2001 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 30, 2004 to Sep 21, 2026 (22.6 years).
VBR vs VXF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 22.6 years both funds cover.
VBR vs VXF Performance
Vanguard Morningstar Small-Cap Value ETF (VBR) is an ETF from Vanguard (US) and Vanguard Extended Market ETF (VXF) is an ETF from Vanguard (US). Over the past year VBR returned +15.68% while VXF returned +12.92%. Year to date, VBR is up 12.32% versus a gain of 12.82% for VXF.
Over three years, VBR compounded at +16.72% per year against +19.94% for VXF; over five years the annualized figures are +9.73% and +6.46% respectively. Across the full 23-year window we track, VXF has the edge at +8.96% annualized vs +7.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VBR has been the more volatile fund, with annualized monthly volatility of 19.0% compared with 18.8% for VXF. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -64.0% for VBR and -59.4% for VXF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VBR charges 0.05% per year while VXF charges 0.05%. On a $10,000 position that is $5 vs $5 annually. On income, VBR currently yields 1.76% against 1.01% for VXF.
Holdings Overlap
At least 68.7% of VBR's money is in holdings VXF also owns.
Stated as a floor: for VXF, our book for it covers 94.3% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
The two portfolios partly overlap.
721 positions in common, counted across the 836 positions we hold weights for in VBR and 3,296 in VXF, against full books of 847 and 3,385.
Top Shared Holdings
| Stock | Weight in VBR | Weight in VXF | Difference |
|---|---|---|---|
| USFDUS Foods Holding Corp | 0.48% | 0.25% | 0.23% |
| MKSIMks Instruments Inc | 0.32% | 0.34% | 0.02% |
| SNXSynnex Technology International Co | 0.41% | 0.23% | 0.18% |
| RSReliance Steel & Aluminum Co. | 0.41% | 0.22% | 0.19% |
| EWBCEast West Bancorp, Inc. | 0.38% | 0.20% | 0.18% |
| RRXRegal Rexnord Corp | 0.34% | 0.23% | 0.11% |
| ILMNIllumina, Inc. | 0.27% | 0.30% | 0.03% |
| PFGCPerformance Food Group Co | 0.36% | 0.20% | 0.16% |
| WCCWesco International Inc | 0.36% | 0.19% | 0.17% |
| FCNCAFirst Citizens BancShares Inc | 0.33% | 0.22% | 0.11% |
68.7% of VBR is already inside VXF.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VBR or VXF?
VBR has an expense ratio of 0.05% while VXF charges 0.05%. At the precision these are quoted to, they cost the same.
Which performed better, VBR or VXF?
Over the past year VBR returned +15.68% vs +12.92% for VXF, so VBR leads on 1-year performance. Over the longest common window we track (23 years), VBR annualized +7.76% vs +8.96% for VXF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VBR or VXF?
VBR has been the more volatile fund at 19.0% annualized versus 18.8% for VXF. Worst drawdown: VBR -64.0% vs VXF -59.4%.
Should I hold both VBR and VXF?
VBR and VXF have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between VBR and VXF?
At least 68.7% of VBR's money is in holdings VXF also owns. Our book for VXF is partial, so the real figure is this or higher. They hold 721 positions in common, counted across the 836 positions we hold weights for in VBR and 3,296 in VXF.
Which pays a higher dividend, VBR or VXF?
VBR yields 1.76% while VXF yields 1.01%, so VBR currently pays the higher dividend yield.
Is VXF better than VBR?
VBR led over 1Y and 5Y, VXF over 3Y and the full window. The two have moved almost in lockstep, correlation 0.95. Which one suits a particular account depends on what it is for. This is information, not a recommendation.