Data as of Oct 28, 2026.
VBR vs VXF: Differences, Returns & Fees
Over the year to Oct 28, 2026, VBR returned +17.6% to VXF's +10.6%; 39% of their weight is in the same names.
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Net assets on Sep 30, 2026: $35.1bn for Vanguard Morningstar Small-Cap Value ETF and $30.2bn for Vanguard Extended Market ETF.
Pair scorecard
Both cost 0.05% a year; their one-year returns differ by 7.0 points; VBR is 1.2 times larger.
| Measure | VBR | VXF |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.6% | +10.6% |
| Drawdown | ||
| Below its high | 3.9%, high on Aug 14, 2026 | 6.6%, high on Aug 14, 2026 |
| Benchmark | ||
| What it tracks | Morningstar US Small Cap Value Index | S&P Completion Index |
| Cost and size | ||
| Expense ratio | 0.05% | 0.05% |
| Net assets, as of Sep 30, 2026 | $35.1bn | $30.2bn |
| Holdings | ||
| Holdings in common | 39% | |
| Top ten holdings, share of the fund | 5.9% | 11.3% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Feb 6, 2004 to Oct 23, 2026 · 1,185 weekly returnsVXF returned slightly more: +740.7% to +674.1%. VBR and VXF swung about the same: 21.8% and 21.5%. VXF fell slightly less at its worst: −57.4% to −61.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VBR | VXF | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +674.1% | +740.7% | VXF (slight) | Price change plus distributions, reinvested. |
| Annualized | +9.4% | +9.8% | VXF (slight) | Total return as a yearly rate. |
| Price return | +382.6% | +527.0% | VXF | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 21.8% | 21.5% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.3% | 15.1% | Tie | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −61.3% | −57.4% | VXF (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.44 | 0.46 | VXF (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.63 | 0.65 | VXF (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.15 | 0.17 | VXF | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,185 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VBR and VXF hold 39% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
39% in common
Only in one fund ↓
Side by side
VBR and VXF on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VBR and VXF do different jobs. What does each one do in a portfolio?
- What each follows. VBR follows Morningstar US Small Cap Value Index and VXF follows S&P Completion Index.
- Holdings in common. 39% of the weight is in the same securities (holdings dated Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VBR returned +17.6% and VXF +10.6% with distributions reinvested, a gap of 7.0 points.
Data as of Oct 28, 2026.
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VBR
VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.
VXF
VXF tracks an index of Extended Market. Over the year to Oct 28, 2026 it returned +10.6% with distributions reinvested. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,361 positions, with the top ten at 11.3%. It sat 6.6% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, VBR against VXF, data as of Oct 28, 2026. https://etfiq.com/compare/any/vbr-vs-vxf
ETFIQ. (Oct 28, 2026). VBR against VXF. Retrieved from https://etfiq.com/compare/any/vbr-vs-vxf
[VBR against VXF (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vbr-vs-vxf)
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