VLOOKUP resulted in a default approximate match of what the user was looking for, rather than the exact match. With XLOOKUP users can now find the exact match.
VLOOKUP can draw on the data that’s on the right-hand side of the reference column, so users have to rearrange their data to use the function. With XLOOKUP, users can easily draw on the data both to the left and right, and it also combines VLOOKUP and HLOOKUP into a single function.
VLOOKUP’s 3rd argument is the column number so if you insert or delete a column then you have to increment or decrement the column number inside the VLOOKUP. With XLOOKUP users can easily insert or delete columns.
With VLOOKUP, users need to reverse the order of the data for finding the last occurrence of the data but with XLOOKUP it is easy for users to search the data from the back.
For VLOOKUP, the 2nd argument, table_array, needs to be stretched from the lookup column to the results column. It references more cells which results in unnecessary calculations, reducing the performance of your spreadsheets. XLOOKUP systematically references the cells which don’t lead to complications in calculations.
In an email to CNBC, Joe McDaid, Excel’s senior program manager wrote, XLOOKUP is “more powerful than INDEX/MATCH and more approachable than VLOOKUP.”
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