VLOOKUP uses the static data references to. The difference in performances between VLOOKUP and INDEXMATCH will be negligible if your table_array is small. Lets compare the speeds of two popular formulas that are used to look to the left.
In this article we will learn to use Index Match formula at the place of Vlookup and Match formula in Microsoft Excel.
INDEX-MATCH is a lot more powerful in terms of reliability and allows for the ability to change your data layout by adding columns and such without it affecting your formula. So you might not see the new function available yet. VLOOKUP and HLOOKUP return the value in a cell directly. However Ive found that users who are not very skilled in Excel have a very difficult time with the formula and are much more receptive to a VLOOKUP.