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

13.9 B

ASSETS UNDER MGMT

5 bp

EXPENSES
Fund Basics
Fund sponsorVanguard
CategoryUS
Asset classEquity
Websitelink...
Inception dateDec 27, 2001
Assets (mns)$13,935
Expense ratio5 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyDelayed
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
CRH PLC 1.0 %
SNOWFLAKE, INC. CLASS A 0.9 %
MARVELL TECHNOLOGY, INC. 0.9 %
CARVANA CO. CLASS A 0.8 %
VERTIV HOLDINGS CO. CLASS A 0.8 %
CLOUDFLARE INC CLASS A 0.7 %
ALNYLAM PHARMACEUTICALS INC 0.6 %
ROBLOX CORP. CLASS A 0.6 %
CHENIERE ENERGY INC 0.5 %
STRATEGY INC 0.5 %
Constituent Breakdown
Number of holdings3437
Herfindahl-Hirschman Index 18
Wgt avg mkt cap (mns)$12,273
Large cap (>$10bn)38.0%
Mid cap ($2-10bn)39.3%
Small cap (<$2bn)10.8%
Developed mkts.88.0%
Emerging mkts.0.6%
Country Exposure
UNITED STATES 85.9 %
BRITAIN 0.9 %
BERMUDA 0.6 %
Historical Performance


Standardized Performance (as of 12/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 10.1% 10.1% 12.8% 16.3% 4.9% 9.6% 8.0% 8.3%
Dividend Yield 1.3% 1.3% 1.3% 1.5% 1.3% 1.4% 1.4% 1.4%
Total Returns 11.4% 11.4% 14.1% 17.8% 6.2% 11.0% 9.4% 9.7%
Ann. Volatility 23.4% 23.4% 20.9% 20.3% 22.6% 22.3% 23.1% 22.2%
Market Correlations
versus...BetaR-squared
S&P 5001.1286%
MSCI EAFE1.0858%
MSCI Emg Mkts0.9855%
Liquidity Measures
Avg. volume (000)565
ADV traded (mns)$124
Turnover0.9%
Avg. Bid/Ask (% of price)0.02%
Technical Indicators
30d moving avg. (EMA)$212.51
Relative strength (RSI)58
MACD/Signal1.93/1.42
Bollinger Bands (Upper/Lower)$219.05/$207.60
Short interest (% of AUM)1.4%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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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 2025 2026 2027
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 1/11/2026
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

4.5%

Cat. Avg

5.5%


ALTAR Score™ Calculation

Category Overview
There are 1045 funds in the US Equity category, with an average ALTAR Score™ of 5.5% and a standard deviation of 2.2%. VXF's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places VXF in the 33rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

VXF
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Bid/Ask Spreads
2 bp
AVG SPREAD
1 — 5 bp
RANGE
Spreads data based on the average National Best Bid & Offer (NBBO) found in observations at various times each trading day, for up to three months. Tick data supplied by NASDAQ.
Total Cost of Ownership EXPENSES    AVG SPREAD
7 bp
VXF
43 bp
PEER AVG