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
10.2 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) | $10,235 |
| 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 +
| CANVEST ENVIRONMENTAL PROTECTION GROUP C | 7.0 % |
| FILTRONA PLC | 2.1 % |
| GENIVAR INC | 0.6 % |
| RB GLOBAL | 0.5 % |
| KINROSS GOLD CORP | 0.5 % |
| CELESTICA INC | 0.4 % |
| EMERA INC | 0.4 % |
| STANTEC INC | 0.3 % |
| ARC RESOURCES LTD | 0.3 % |
| ATKINSREALIS GROUP INC | 0.3 % |
Constituent Breakdown
| Number of holdings | 4775 |
| Herfindahl-Hirschman Index | 67 |
| Wgt avg mkt cap (mns) | $3,629 |
| Large cap (>$10bn) | 6.7% |
| Mid cap ($2-10bn) | 34.8% |
| Small cap (<$2bn) | 39.3% |
| Developed mkts. | 61.9% |
| Emerging mkts. | 20.5% |
Country Exposure
 |
CANADA | 13.2 % |
 |
JAPAN | 10.0 % |
 |
BRITAIN | 8.4 % |
 |
HONG KONG | 7.8 % |
 |
TAIWAN | 5.4 % |
 |
INDIA | 3.8 % |
 |
SOUTH KOREA | 3.4 % |
 |
AUSTRALIA | 3.4 % |
 |
CHINA | 2.6 % |
 |
SWITZERLAND | 2.3 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.4% | 14.4% | 10.3% | 9.2% | 6.8% | 2.8% | -- | 5.9% |
| Dividend Yield | 0.0% | 0.5% | 1.9% | 2.3% | 2.5% | 2.6% | -- | 2.8% |
| Total Returns | 17.4% | 14.9% | 12.2% | 11.5% | 9.3% | 5.4% | -- | 8.7% | Ann. Volatility | 18.9% | 16.8% | 15.0% | 16.5% | 16.6% | 17.5% | -- | 18.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 64% |
| MSCI EAFE | 0.87 | 72% |
| MSCI Emg Mkts | 0.79 | 61% |
Liquidity Measures
| Avg. volume (000) | 229 |
| ADV traded (mns) | $31 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| Recent close | $135.11 |
| 30d moving avg. | $130.42 |
| Annualized volatility | 17.0% |
| Relative strength (RSI) | 68 |
| Short interest | 0.1% |
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. |
|---|---|---|---|---|
| SCHC | Schwab International Small-Cap Equity ETF | 55.3% | +3 bp | +6.8% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 35.7% | +32 bp | +7.1% |
| DFIS | Dimensional International Small Cap ETF | 32.7% | +31 bp | +7.5% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 31.9% | +41 bp | +7.1% |
| AVDS | Avantis International Small Cap Equity ETF | 28.8% | +22 bp | +7.7% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 27.4% | +31 bp | +6.0% |
| GWX | SPDR S&P International Small Cap ETF | 23.3% | +32 bp | +6.3% |
| IEUS | iShares MSCI Europe Small-Cap ETF | 23.0% | +34 bp | +7.2% |
| ISCF | iShares International SmallCap Equity Factor ETF | 17.8% | +15 bp | +8.4% |
| DXIV | Dimensional International Vector Equity ETF | 17.7% | +26 bp | +8.1% |
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 7/5/2025
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
VSS
6.3%
Cat. Avg
7.2%
ALTAR Score™ Calculation
Category Overview
There are 259 funds in the International Equity category, with an average ALTAR Score™
of 7.2% and a standard deviation of
1.8%. VSS's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places VSS in the 31st 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. | 34.8 | 18.7 | 53.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .