ETF Evaluator:
Vanguard FTSE All-Wld ex-US ETF (VEU)
Follow This ETF
(as of Jul 31)
Best Performing in Foreign Large Blend Over the Last Year
| 61.4% | Pacer Nasdaq International Ptnt Ldrs ETF (PATN) |
| 37.4% | Harbor International Equity ETF (EPIN) |
| 35.9% | iShares Currency Hdgd MSCI ACWI exUS ETF (HAWX) |
| 34.5% | Xtrackers MSCI All World exUS Hdg Eq ETF (DBAW) |
| 33.6% | NYLI FTSE International Eq Ccy Netrl ETF (HFXI) |
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ETF Details
Vanguard FTSE All-Wld ex-US ETF Overview
Vanguard FTSE All-Wld ex-US ETF (VEU) is a passively managed International Equity Foreign Large Blend exchange-traded fund (ETF). Vanguard launched the ETF in 2007.
The investment seeks to track the performance of FTSE All-World ex US Index, that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States.
The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
About Vanguard FTSE All-Wld ex-US ETF (VEU)
There are 2 members of the management team with an average tenure of 7.18 years: Christine Franquin (2016) and Jeffrey Miller (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: FTSE Global All Cap ex US (USA) NR USD index with a weighting of 100% and FTSE AW Ex US (US RIC) NR USD index with a weighting of 100%. Vanguard FTSE All-Wld ex-US ETF has 3895 securities in its portfolio. The top 10 holdings constitute 14.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Vanguard FTSE All-Wld ex-US ETF is part of the Equity global asset class and is within the International Equity ETF group. Vanguard FTSE All-Wld ex-US ETF has 97.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.8% There is 97.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Vanguard FTSE All-Wld ex-US ETF has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $66 billion in total assets, which is above the $9 billion average for the Foreign Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
VEU Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Vanguard FTSE All-Wld ex-US ETF expense ratio is low compared to funds in the Foreign Large Blend category. Vanguard FTSE All-Wld ex-US ETF has an expense ratio of 0.04%, which is 90% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Vanguard FTSE All-Wld ex-US ETF has a portfolio turnover rate of 6%, which indicates that it holds its assets around / 0.2 years. By way of comparison, the average portfolio turnover is 39% for the Foreign Large Blend category.
Recently, in the month of June 2026, Vanguard FTSE All-Wld ex-US ETF returned 0.1%, which earned it a grade of C, as the Foreign Large Blend category had an average return of -0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Vanguard FTSE All-Wld ex-US ETF has a trailing yield of 2.53%, which is below the 2.63% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Vanguard FTSE All-Wld ex-US ETF Grades
Year to date, the ETF has returned 14.6%, 3.6 percentage points better than the category, which translates into a grade of A. The fund has returned 28.3% over the past year (grade of B), 19.0% over the past three years (grade of B) and 9.1% per year over the past five years (grade of C) and 10.1% per year over the past 10 years (grade of C).
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VEU Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VEU Return (NAV) | 0.1% | 12.5% | 28.3% | 19.0% | 9.1% | 10.1% |
| VEU Return (Price) | 0.2% | 12.0% | 28.2% | 19.0% | 9.1% | 10.1% |
| NAV +/- Price Return | -0.024% | 0.500% | 0.114% | 0.019% | 0.026% | 0.019% |
| Foreign Large Blend Avg | -0.1% | 10.5% | 22.3% | 17.2% | 9.0% | 9.7% |
| VEU Grade (NAV) | C | B | B | B | C | C |
| +/- Category (NAV) | 0.2% | 2.1% | 6.0% | 1.8% | 0.1% | 0.4% |
| VEU Tax-Cost Ratio | na | na | 0.8% | 0.9% | 0.9% | 0.9% |
VEU Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VEU Return (NAV) | 14.6% | 32.4% | 5.5% | 15.6% | -15.5% | 8.2% | 11.4% | 21.6% | -14.0% | 27.3% | 4.8% |
| VEU Return (Price) | 14.6% | 32.3% | 5.6% | 15.9% | -15.6% | 8.3% | 11.1% | 21.8% | -14.2% | 27.4% | 4.9% |
| NAV +/- Price Ret | -0.000% | -0.002% | 0.020% | 0.014% | 0.009% | 0.016% | -0.024% | 0.9% | 1.6% | 0.4% | 3.0% |
| Foreign Large Blend Avg | 10.9% | 31.3% | 5.3% | 16.9% | -14.7% | 10.3% | 8.8% | 22.0% | -13.2% | 24.6% | 1.9% |
| VEU Grade (NAV) | A | C | B | D | D | F | A | D | C | B | A |
| +/- Category | 3.6% | 1.1% | 0.2% | -1.3% | -0.8% | -2.1% | 2.6% | -0.4% | -0.8% | 2.7% | 2.9% |
| Risk Measures | |
| Beta: | 0.91 |
| R-Squared: | 97% |
| Standard Deviation: | 12.8% |
| Category Risk Index: | 0.98 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.05 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 2.5% |
| Total Assets: | $ 94,621 Mil |
| Share Class Assets: | $ 66,970 Mil |
| Turnover: | 6.0% |
| Expense Ratio: | 0.04% |
| Index Fund: | Yes |
| Index Tracked: | FTSE Global All Cap ex US (USA) NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 10.4 years | |||
| Average Tenure: 7.2 years | |||
| Managers (Year): Franquin Christine (2016), Miller Jeffrey (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 3895 |
| % in Top 10 Holdings: | 14.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.8% |
| Foreign Stock: | 97.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 2.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Vanguard |
| Phone Number: | 866-499-8473 |
| Website: | www.vanguard.com |
| Inception Date: | March 2, 2007 |
Expenses and Fees
| Expense Ratio (%): | 0.04% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.39% |
