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
38.1 B
ASSETS UNDER MGMT
8 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 02, 2007 |
| Assets (mns) | $38,131 |
| Expense ratio | 8 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 | 2.7 % |
| NOVO NORDISK A/S-B | 1.2 % |
| TENCENT HOLDINGS LTD | 1.2 % |
| ASML HOLDING NV | 1.0 % |
| NESTLE SA-REG | 0.9 % |
| SAP AG | 0.9 % |
| NOVARTIS AG | 0.8 % |
| ASTRAZENECA PLC | 0.8 % |
| ALIBABA GROUP HOLDING LTD. | 0.7 % |
| ROCHE HOLDING LTD | 0.7 % |
Constituent Breakdown
| Number of holdings | 3831 |
| Herfindahl-Hirschman Index | 29 |
| Wgt avg mkt cap (mns) | $104,551 |
| Large cap (>$10bn) | 82.8% |
| Mid cap ($2-10bn) | 15.6% |
| Small cap (<$2bn) | 1.2% |
| Developed mkts. | 71.3% |
| Emerging mkts. | 28.6% |
Country Exposure
 |
JAPAN | 15.3 % |
 |
BRITAIN | 8.6 % |
 |
CHINA | 7.5 % |
 |
SWITZERLAND | 6.2 % |
 |
INDIA | 5.8 % |
 |
CANADA | 5.7 % |
 |
TAIWAN | 5.4 % |
 |
FRANCE | 5.4 % |
 |
GERMANY | 5.3 % |
 |
AUSTRALIA | 4.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.0% | 25.9% | 23.3% | 4.5% | 8.0% | 5.6% | 3.9% | Volatility | 11.2% | 12.3% | 15.7% | 16.0% | 19.5% | 17.2% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.80 | 72% |
| MSCI EAFE | 0.93 | 94% |
| MSCI Emg Mkts | 0.88 | 81% |
Liquidity Measures
| Avg. volume (000) | 1,651 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.02% |
| ADV of underlying (mns) | $334,435 |
Technical Indicators
| Recent close | $61.53 |
| 30d moving avg. | $61.10 |
| Annualized volatility | 16.9% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.6% |
| 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. VEU |
Expenses vs. VEU |
ALTAR Score™ vs. VEU |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 87.0% | -1 bp | -0.1% |
| ACWX | iShares MSCI ACWI ex U.S. ETF | 86.3% | +26 bp | -0.1% |
| IXUS | iShares Core MSCI Total International Stock ETF | 84.4% | -1 bp | +0.1% |
| GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 80.1% | +10 bp | -0.2% |
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 78.5% | +33 bp | +0.0% |
| CWI | SPDR MSCI ACWI ex-US ETF | 70.4% | +22 bp | -0.1% |
| VSGX | Vanguard ESG International Stock ETF | 70.0% | +4 bp | -0.5% |
| VEA | Vanguard FTSE Developed Markets ETF | 69.8% | -3 bp | +0.1% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 67.1% | -5 bp | +0.2% |
| SCHF | Schwab International Equity ETF | 65.6% | -2 bp | +0.4% |
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
| 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
VEU
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™
VEU
7.2%
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%. VEU's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places VEU in the 47th 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
Expense Analysis
| Peer Group | Passive International Equity ETFs |
| # of ETFs | 77 |
| Avg. Expense Ratio | 38.8 bp |
| Std. Deviation | 21.2 bp |
| VEU (8 bp) Percentile rank | 7 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VEU | 8.0 | 1.9 | 9.9 |
| Peer Avg. | 26.6 | 13.3 | 39.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .