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
42.8 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) | $42,756 |
| 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 | 2.6 % |
| TENCENT HOLDINGS LTD | 1.3 % |
| SAP AG | 1.1 % |
| ASML HOLDING NV | 0.9 % |
| NESTLE SA-REG | 0.9 % |
| ALIBABA GROUP HOLDING LTD. | 0.8 % |
| NOVO NORDISK A/S-B | 0.8 % |
| NOVARTIS AG | 0.8 % |
| ROCHE HOLDING LTD | 0.7 % |
| ASTRAZENECA PLC | 0.7 % |
Constituent Breakdown
| Number of holdings | 3824 |
| Herfindahl-Hirschman Index | 28 |
| Wgt avg mkt cap (mns) | $93,229 |
| Large cap (>$10bn) | 79.3% |
| Mid cap ($2-10bn) | 13.9% |
| Small cap (<$2bn) | 1.2% |
| Developed mkts. | 68.2% |
| Emerging mkts. | 27.4% |
Country Exposure
 |
JAPAN | 15.3 % |
 |
BRITAIN | 8.8 % |
 |
CHINA | 7.8 % |
 |
GERMANY | 6.2 % |
 |
SWITZERLAND | 6.1 % |
 |
CANADA | 5.8 % |
 |
FRANCE | 5.4 % |
 |
INDIA | 5.1 % |
 |
TAIWAN | 5.1 % |
 |
AUSTRALIA | 4.4 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.6% | 9.7% | 11.3% | 6.0% | 7.3% | 2.6% | -- | 1.4% |
| Dividend Yield | 0.4% | 1.7% | 2.9% | 3.0% | 2.9% | 2.9% | -- | 2.7% |
| Total Returns | 14.0% | 11.4% | 14.2% | 9.0% | 10.2% | 5.5% | -- | 4.1% | Ann. Volatility | 20.9% | 17.2% | 14.9% | 16.2% | 16.4% | 17.6% | -- | 22.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.78 | 64% |
| MSCI EAFE | 0.85 | 81% |
| MSCI Emg Mkts | 0.81 | 72% |
Liquidity Measures
| Avg. volume (000) | 2,081 |
| ADV traded (mns) | $138 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $66.17 |
| 30d moving avg. | $64.32 |
| Annualized volatility | 16.3% |
| Relative strength (RSI) | 64 |
| Short interest | 0.9% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 85.8% | -1 bp | +8.1% |
| ACWX | iShares MSCI ACWI ex U.S. ETF | 85.8% | +26 bp | +7.8% |
| IXUS | iShares Core MSCI Total International Stock ETF | 83.6% | -1 bp | +8.0% |
| GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 79.9% | +10 bp | +7.9% |
| DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 78.5% | +33 bp | +7.8% |
| CWI | SPDR MSCI ACWI ex-US ETF | 71.2% | +22 bp | +7.9% |
| VEA | Vanguard FTSE Developed Markets ETF | 70.5% | -3 bp | +7.3% |
| VSGX | Vanguard ESG International Stock ETF | 69.4% | +4 bp | +7.9% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 68.1% | -5 bp | +7.2% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 66.4% | -4 bp | +7.1% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 6/15/2025
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™
8.2%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
1.9%. 's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places in the 69th 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 |
| (8 bp) Percentile rank | 6 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| 8.0 | 0.0 | 8 | |
| Peer Avg. | 27.8 | 14.7 | 42.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .