VEA
Vanguard FTSE Developed Markets ETF
The Vanguard Europe Pacific fund seeks investment results that correspond to the price and yield performance of the MSCI EAFE Index of mostly large cap stocks in developed markets outside the U.S.
International
EQUITY
Passive
MANAGEMENT STYLE
131.9 B
ASSETS UNDER MGMT
5 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jul 20, 2007 |
| Assets (mns) | $131,863 |
| Expense ratio | 5 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NOVO NORDISK A/S-B | 1.5 % |
| ASML HOLDING NV | 1.2 % |
| NESTLE SA-REG | 1.1 % |
| SAP AG | 1.1 % |
| NOVARTIS AG | 1.0 % |
| ASTRAZENECA PLC | 1.0 % |
| ROCHE HOLDING LTD | 0.9 % |
| SHELL PLC | 0.9 % |
| SAMSUNG ELECTRONICS CO LTD | 0.9 % |
| TOYOTA MOTOR CORP | 0.9 % |
Constituent Breakdown
| Number of holdings | 3960 |
| Herfindahl-Hirschman Index | 28 |
| Wgt avg mkt cap (mns) | $79,294 |
| Large cap (>$10bn) | 78.6% |
| Mid cap ($2-10bn) | 16.7% |
| Small cap (<$2bn) | 4.6% |
| Developed mkts. | 95.3% |
| Emerging mkts. | 4.6% |
Country Exposure
 |
JAPAN | 20.6 % |
 |
BRITAIN | 12.1 % |
 |
CANADA | 9.1 % |
 |
SWITZERLAND | 8.1 % |
 |
FRANCE | 7.0 % |
 |
GERMANY | 6.9 % |
 |
AUSTRALIA | 6.4 % |
 |
SOUTH KOREA | 3.9 % |
 |
NETHERLANDS | 3.8 % |
 |
SWEDEN | 2.8 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.2% | 25.4% | 24.8% | 5.0% | 8.4% | 6.0% | 3.7% | Volatility | 11.6% | 12.7% | 16.6% | 16.6% | 19.8% | 17.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 78% |
| MSCI EAFE | 1.01 | 97% |
| MSCI Emg Mkts | 0.87 | 69% |
Liquidity Measures
| Avg. volume (000) | 8,324 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $98,325 |
Technical Indicators
| Recent close | $51.24 |
| 30d moving avg. | $51.71 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VEA |
Expenses vs. VEA |
ALTAR Score™ vs. VEA |
|---|---|---|---|---|
| IDEV | iShares Core MSCI International Developed Markets ETF | 87.9% | -1 bp | +0.1% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 85.4% | -2 bp | +0.2% |
| SCHF | Schwab International Equity ETF | 82.6% | +1 bp | +0.3% |
| IEFA | iShares Core MSCI EAFE ETF | 80.9% | +2 bp | +0.1% |
| BKIE | BNY Mellon International Equity ETF | 73.8% | -1 bp | -0.1% |
| DFAI | Dimensional International Core Equity Market ETF | 73.4% | +13 bp | 0.0% |
| ACWX | iShares MSCI ACWI ex U.S. ETF | 70.9% | +29 bp | -0.2% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 70.7% | +15 bp | -0.3% |
| EFA | iShares MSCI EAFE ETF | 70.6% | +30 bp | -0.1% |
| VXUS | Vanguard Total International Stock ETF | 70.3% | +2 bp | -0.1% |
Risk and Returns: VEA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 10/21/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VEA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
VEA
7.3%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 257 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.5%. VEA's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places VEA in the 48th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VEASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| VEA (5 bp) Percentile rank | 5 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VEA | 5.0 | 2.2 | 7.2 |
| Peer Avg. | 26.6 | 13.3 | 39.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .