VSS
Vanguard FTSE All-World ex-US Small-Cap ETF
Vanguard FTSE All World ex-US Small-Cap ETF seeks to track the performance of a benchmark index that measures the investment return of both developed and emerging international small cap companies.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
9.8 B
ASSETS UNDER MGMT
8 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard Group Inc/The |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 02, 2009 |
| Assets (mns) | $9,751 |
| 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 +
| FILTRONA PLC | 2.3 % |
| KINROSS GOLD CORP | 0.7 % |
| GENIVAR INC | 0.7 % |
| RB GLOBAL | 0.6 % |
| CELESTICA INC | 0.5 % |
| EMERA INC | 0.4 % |
| GFL ENVIRONMENTAL INC | 0.3 % |
| ATKINSREALIS GROUP INC | 0.3 % |
| STANTEC INC | 0.3 % |
| FIRST QUANTUM MINERALS LTD | 0.3 % |
Constituent Breakdown
| Number of holdings | 4768 |
| Herfindahl-Hirschman Index | 13 |
| Wgt avg mkt cap (mns) | $4,291 |
| Large cap (>$10bn) | 7.1% |
| Mid cap ($2-10bn) | 32.8% |
| Small cap (<$2bn) | 41.6% |
| Developed mkts. | 62.2% |
| Emerging mkts. | 20.5% |
Country Exposure
 |
CANADA | 14.6 % |
 |
JAPAN | 11.2 % |
 |
BRITAIN | 8.7 % |
 |
TAIWAN | 5.5 % |
 |
AUSTRALIA | 3.9 % |
 |
INDIA | 3.8 % |
 |
SOUTH KOREA | 3.7 % |
 |
CHINA | 3.2 % |
 |
SWITZERLAND | 2.5 % |
 |
GERMANY | 2.2 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 16.8% | 10.3% | 7.4% | 6.9% | 5.6% | 3.1% | -- | 5.9% |
| Dividend Yield | 0.0% | 0.5% | 1.9% | 2.3% | 2.4% | 2.6% | -- | 2.8% |
| Total Returns | 16.8% | 10.8% | 9.3% | 9.2% | 8.1% | 5.7% | -- | 8.7% | Ann. Volatility | 17.9% | 16.7% | 14.9% | 16.2% | 16.5% | 17.4% | -- | 18.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.87 | 64% |
| MSCI EAFE | 0.87 | 71% |
| MSCI Emg Mkts | 0.78 | 61% |
Liquidity Measures
| Avg. volume (000) | 226 |
| ADV traded (mns) | $31 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| Recent close | $138.47 |
| 30d moving avg. | $135.94 |
| Annualized volatility | 16.7% |
| Relative strength (RSI) | 63 |
| Short interest | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| SCHC | Schwab International Small-Cap Equity ETF | 59.3% | +3 bp | +6.5% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 37.7% | +32 bp | +6.7% |
| DFIS | Dimensional International Small Cap ETF | 33.7% | +31 bp | +7.2% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 33.6% | +41 bp | +6.7% |
| AVDS | Avantis International Small Cap Equity ETF | 30.7% | +22 bp | +7.2% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 28.6% | +31 bp | +5.6% |
| GWX | SPDR S&P International Small Cap ETF | 24.9% | +32 bp | +5.8% |
| IEUS | iShares MSCI Europe Small-Cap ETF | 23.8% | +34 bp | +7.1% |
| ISCF | iShares International SmallCap Equity Factor ETF | 18.7% | +15 bp | +8.1% |
| DXIV | Dimensional International Vector Equity ETF | 18.6% | +26 bp | +7.7% |
Risk and Returns: VSS 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 8/20/2025
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
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™
VSS
6.6%
Cat. Avg
7.0%
ALTAR Score™ Calculation
Category Overview
There are 264 funds in the International Equity category, with an average ALTAR Score™
of 7.0% and a standard deviation of
1.8%. VSS's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places VSS in the 42nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VSSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| (8 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VSS | 8.0 | 0.0 | 8 |
| Peer Avg. | 35.2 | 19.2 | 54.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .