VXF: Vanguard Extended Market ETF returns, drawdowns and risk
Funds that hold the whole US market or its large and mid companies, from a few hundred to several thousand stocks.
Data updated October 2026
VXF · US exchange · USDCategory: Total US stock market ETFsData from June 2020
From June 2020 to October 2026 VXF returned 14.8% a year on average with dividends reinvested, in US dollars: $10,000 invested at the start grew to $24,076.
Its deepest fall was 36.4%, from November 2021 to June 2022, and it took about 36 months to get back to the previous high. Annual volatility was 22.2%; at the last close it was at or near its high.
Against SPY (SPDR S&P 500 ETF Trust), over the 76 months both have data, the correlation of monthly returns was 0.85: they usually moved together. Beta was 1.13. In months when SPY rose, VXF moved 103% as much on average; in months when SPY fell, 116% as much.
Key figures
- Annual return (CAGR)
- +14.8%
- 1-year return
- +25.9%
- 5 years, a year
- +7.6%
- 10 years, a year
- —
- Annual volatility
- 22.2%
- Maximum drawdown
- −36.4%
- Sharpe ratio
- 0.61
- Worst year
- 2022: −26.5%
Trailing returns
| Period | VXF | SPY |
|---|---|---|
| 1 year | +25.9% | +16.6% |
| 3 years, a year | +24.9% | +23.1% |
| 5 years, a year | +7.6% | +12.7% |
To the last close of October 2026. Periods longer than a year are annualised.
Growth of $10,000: VXF vs SPY
Month-end values from July 2020, the first month both funds have data.
VXF drawdowns
Percentage below the previous high, weekly.
Returns by calendar year
| Year | VXF | SPY |
|---|---|---|
| 2026(partial) | +25.2% | +13.3% |
| 2025 | +11.4% | +17.7% |
| 2024 | +16.9% | +24.9% |
| 2023 | +25.5% | +26.2% |
| 2022 | −26.5% | −18.2% |
| 2021 | +12.3% | +28.7% |
| 2020(partial) | +42.5% | — |
VXF compared
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
Sharpe ratio uses the return of short-term government bills in the same currency as the risk-free rate. The growth chart uses month-end values; drawdowns and volatility use daily closes.
Questions
What is the average annual return of VXF?
From June 2020 to October 2026 VXF returned 14.8% a year on average (CAGR) with dividends reinvested, in USD. Over the last 5 years: +7.6% a year. Over the last 12 months: +25.9%.
What was the worst drawdown of VXF?
36.4%, from November 2021 to June 2022; it took about 36 months from the previous high to get back to it.
How volatile is VXF?
Annual volatility was 22.2% over the period. Its worst month was −10.6% and 59% of months were positive. Worst calendar year: 2022 (−26.5%).
How closely does VXF follow SPY?
Over 76 months the correlation of monthly returns was 0.85, so they usually moved together, with a beta of 1.13.
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Other Total US stock market ETFs
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.