VTV vs VXF
Vanguard Morningstar Value ETF vs Vanguard Extended Market ETF
Which is better, VTV or VXF?
Large Cap Value against Mid Cap Blend.
VTV has a lower expense ratio. VTV led over 1Y, 3Y and 5Y, VXF over the full window.
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 | VTV | VXF |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.05% |
| AUM | $187.8B | $30.5B |
| Dividend Yield | 1.82% | 1.01% |
| Holdings | 311 | 3,385 |
| YTD Return | +16.54%Best | +12.21% |
| 1Y Return | +23.50%Best | +15.03% |
| 3Y Return (annualized) | +18.57%Best | +17.90% |
| 5Y Return (annualized) | +12.54%Best | +6.02% |
| Volatility (annualized) | 14.5%Best | 18.8% |
| Max Drawdown | -61.3% | -59.4%Best |
| $10,000 over 5 years | $18,052Best | $13,395 |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large 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 10, 2026 (22.6 years).
VTV 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.
VTV vs VXF Performance
Vanguard Morningstar Value ETF (VTV) is an ETF from Vanguard (US) and Vanguard Extended Market ETF (VXF) is an ETF from Vanguard (US). Over the past year VTV returned +23.50% while VXF returned +15.03%. Year to date, VTV is up 16.54% versus a gain of 12.21% for VXF.
Over three years, VTV compounded at +18.57% per year against +17.90% for VXF; over five years the annualized figures are +12.54% and +6.02% respectively. Across the full 23-year window we track, VXF has the edge at +8.94% annualized vs +7.51%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VXF has been the more volatile fund, with annualized monthly volatility of 18.8% compared with 14.5% for VTV. 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 -61.3% for VTV 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VTV charges 0.03% per year while VXF charges 0.05%. On a $10,000 position that is $3 vs $5 annually, a gap of $2 per year that compounds over a long holding period. On income, VTV currently yields 1.82% against 1.01% for VXF.
Holdings Overlap
At least 0.9% of VTV's money is in holdings VXF also owns.
Stated as a floor: for VXF, our book for it covers 94.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
10 positions in common, counted across the 308 positions we hold weights for in VTV and 3,295 in VXF, against full books of 311 and 3,385.
Top Shared Holdings
| Stock | Weight in VTV | Weight in VXF | Difference |
|---|---|---|---|
| LNGCheniere Energy Inc. | 0.19% | 0.57% | 0.38% |
| FERGFerguson Enterprises Inc 0.00 | 0.17% | 0.52% | 0.35% |
| MSTRMicrostrategy Inc | 0.11% | 0.33% | 0.22% |
| SUNBSunbelt Rentals | 0.06% | 0.35% | 0.29% |
| MKLMarkel Corp. | 0.09% | 0.28% | 0.19% |
| ZMZoom Video Communications Inc. Class A | 0.08% | 0.26% | 0.18% |
| MDLNMedline Inc | 0.06% | 0.18% | 0.12% |
| FLTR:IEFlutter Entertainment Plc | 0.03% | 0.20% | 0.17% |
| RKTRocket Cos Inc - Class A Shares | 0.05% | 0.17% | 0.12% |
| SSNCSs&C Technologies Holdings Inc. | 0.02% | 0.15% | 0.13% |
You are not choosing between two funds in isolation.
Whichever of VTV and VXF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VTV or VXF?
VTV has an expense ratio of 0.03% while VXF charges 0.05%. VTV is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, VTV or VXF?
Over the past year VTV returned +23.50% vs +15.03% for VXF, so VTV leads on 1-year performance. Over the longest common window we track (23 years), VTV annualized +7.51% vs +8.94% for VXF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VTV or VXF?
VXF has been the more volatile fund at 18.8% annualized versus 14.5% for VTV. Worst drawdown: VTV -61.3% vs VXF -59.4%.
Should I hold both VTV and VXF?
VTV and VXF have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, VTV or VXF?
VTV yields 1.82% while VXF yields 1.01%, so VTV currently pays the higher dividend yield.
Is VXF better than VTV?
VTV has a lower expense ratio. VTV led over 1Y, 3Y and 5Y, VXF over the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.