VEU
Vanguard FTSE All-World ex-US Index Fund
The Vanguard FTSE All-World ex-US fund seeks investment results that correspond to the price and yield performance of the FTSE All-World ex-US Index. The index consists of stocks in both developed and emerging markets outside the U.S.
International
EQUITY
Passive
MANAGEMENT STYLE
$ 53.8 B
ASSETS UNDER MGMT
4 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 02, 2007 |
| Assets (mns) | $53,753 |
| Expense ratio | 4 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 +
| TAIWAN SEMICONDUCTOR MANUFAC | 3.7 % |
| ASML HOLDING NV | 1.5 % |
| SAMSUNG ELECTRONICS CO LTD | 1.3 % |
| TENCENT HOLDINGS LTD | 1.3 % |
| ALIBABA GROUP HOLDING LTD. | 1.0 % |
| ROCHE HOLDING LTD | 0.8 % |
| HYNIX SEMICONDUCTOR INC | 0.8 % |
| HSBC HOLDINGS PLC | 0.8 % |
| NOVARTIS AG | 0.8 % |
| ASTRAZENECA PLC | 0.7 % |
Constituent Breakdown
| Number of holdings | 3879 |
| Herfindahl-Hirschman Index | 36 |
| Wgt avg mkt cap (mns) | $137,424 |
| Large cap (>$10bn) | 81.0% |
| Mid cap ($2-10bn) | 11.9% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 65.6% |
| Emerging mkts. | 29.0% |
Country Exposure
 |
JAPAN | 15.1 % |
 |
CHINA | 7.7 % |
 |
BRITAIN | 7.7 % |
 |
CANADA | 6.8 % |
 |
TAIWAN | 6.4 % |
 |
SWITZERLAND | 5.6 % |
 |
GERMANY | 5.2 % |
 |
FRANCE | 5.0 % |
 |
SOUTH KOREA | 4.3 % |
 |
INDIA | 4.1 % |
Historical Performance
Standardized Performance (as of 01/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.7% | 30.9% | 18.7% | 12.6% | 5.8% | 6.6% | -- | 2.3% |
| Dividend Yield | 0.0% | 4.3% | 3.9% | 3.8% | 3.5% | 3.3% | -- | 2.9% |
| Total Returns | 5.7% | 35.3% | 22.5% | 16.3% | 9.3% | 9.9% | -- | 5.2% | Ann. Volatility | 13.0% | 15.7% | 14.3% | 13.9% | 15.5% | 17.1% | -- | 21.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.67 | 66% |
| MSCI EAFE | 0.93 | 95% |
| MSCI Emg Mkts | 0.80 | 83% |
Liquidity Measures
| Avg. volume (000) | 4,010 |
| ADV traded (mns) | $310 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $75.92 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 1.27/1.21 |
| Bollinger Bands (Upper/Lower) | $79.13/$74.34 |
| Short interest (% of AUM) | 1.6% |
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. VEU |
Expenses vs. VEU |
ALTAR Score™ vs. VEU |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 86.3% | +1 bp | -0.1% |
| ACWX | iShares MSCI ACWI ex U.S. ETF | 85.3% | +30 bp | -0.3% |
| IXUS | iShares Core MSCI Total International Stock ETF | 83.8% | +3 bp | -0.1% |
| GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 79.1% | +14 bp | -0.3% |
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 78.2% | +37 bp | -0.5% |
| VEA | Vanguard FTSE Developed Markets ETF | 69.5% | -1 bp | -0.8% |
| VSGX | Vanguard ESG International Stock ETF | 69.1% | +6 bp | -0.2% |
| CWI | SPDR MSCI ACWI ex-US ETF | 69.1% | +26 bp | -0.1% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 66.8% | -1 bp | -0.9% |
| SCHF | Schwab International Equity ETF | 65.7% | +2 bp | -0.7% |
Risk and Returns: VEU 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 2/6/2026
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
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
VEU
7.4%
Cat. Avg
6.4%
ALTAR Score™ Calculation
Category Overview
There are 336 funds in the International Equity category, with an average ALTAR Score™
of 6.4% and a standard deviation of
1.5%. VEU's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places VEU in the 76th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VEUSELL
U/W
HOLD
O/W
BUY