Is Index Match Better Than Vlookup?

What is the alternative for Vlookup?

Index MatchVLOOKUP is one of those functions that make Excel great.

Although many may not find it intuitive at first, it soon becomes second nature and indispensable..

How can I make Vlookup run faster?

Faster VLOOKUP with 2 VLOOKUPSIf you have a smaller set of data, this approach is overkill. Only use it with large data sets when speed really counts.You must sort the data by lookup value in order for this trick to work.This example uses named ranges. If you don’t want to use named ranges use absolute references instead.

When should I use index match vs Vlookup?

The greatest benefit of using INDEX MATCH over VLOOKUP is the fact that, with INDEX MATCH, you can insert columns in your table array without distorting your lookup results. Any time you work with a large dataset, there’s a good chance you’ll need to go back to edit our columns and potentially insert a new column.

Is index match faster than Sumifs?

EDIT: From some of the comments it sounds like Index/Match (ideally with a helper column) is faster because it only checks to the first value instead of checking everything….Which is faster over medium-large datasets, Index/Match or Sumifs.ProductDateAmountProduct 5201401$516 more rows

Which is faster Index or Vlookup?

With unsorted data, VLOOKUP and INDEX-MATCH have about the same calculation times. … With sorted data and an approximate match, INDEX-MATCH is about 30% faster than VLOOKUP. With sorted data and a fast technique to find an exact match, INDEX-MATCH is about 13% faster than VLOOKUP.

Why am I getting #ref in Vlookup?

In the following example, =VLOOKUP(A8,A2:D5,5,FALSE) will return a #REF! error because it’s looking for a value to return from column 5, but the reference range is A:D, which is only 4 columns. Adjust the range to be larger, or reduce the column lookup value to match the reference range.

Who invented Vlookup?

Meet the two guys who invented the first-ever spreadsheet It was 1979 and Dan Bricklin and Bob Frankston wanted to see their calculators come to life.

How do I use index match instead of Vlookup?

VLOOKUP is prone to error, especially in big spreadsheetsWith VLOOKUP, you specify a number to represent which column you want to return the value from. So you have count the columns to figure out which one you want. … With INDEX MATCH, you select the specific column of data from which you want to return the value.

How can we use index and match together?

The INDEX MATCH formula is the combination of two functions in Excel. CFI’s resources are the best way to learn Excel on your own terms.: INDEX and MATCH. =INDEX() returns the value of a cell in a table based on the column and row number. =MATCH() returns the position of a cell in a row or column.

What is Vlookup good for?

VLOOKUP stands for ‘Vertical Lookup’. It is a function that makes Excel search for a certain value in a column (the so called ‘table array’), in order to return a value from a different column in the same row.

What is faster Countif or Vlookup?

4. The VLOOKUP can be faster as it only searches the first accordance of “this months ID” in “column of next months ID”. COUNTIF must count all occurrences of “this months ID” in “column of next months ID”. So it ever must loop over the whole “column of next months ID”. –

What is index match used for?

The INDEX MATCH function is one of Excel’s most powerful features. The older brother of the much-used VLOOKUP , INDEX MATCH allows you to look up values in a table based off of other rows and columns. And, unlike VLOOKUP , it can be used on rows, columns, or both at the same time.

Why is Vlookup bad?

It can not lookup and return a value which is to the left of the lookup value. It works only with data which is arranged vertically. VLOOKUP would give a wrong result if you add/delete a new column in your data (as the column number value now refers to the wrong column).

Can you use Sumif with index match?

The INDEX/MATCH functions will provide the SUMIFS function with the column of numbers to add. … For example, the Amount column is the 6th column, so, it would return 6 to the INDEX function. INDEX uses this information to return the Amount column reference to the SUMIFS function.

Does index match use more memory than Vlookup?

I recommend using INDEX and MATCH. VLOOKUP is slightly faster (approx. 5%), simpler and uses less memory than a combination of MATCH and INDEX or OFFSET. However the additional flexibility offered by MATCH and INDEX often allows you to make significant timesaving compared to VLOOKUP.