IXUS vs VEU: Grades, Fees and Holdings Compared

iShares Core MSCI Total International Stock ETF

IXUSANasdaq

Vanguard FTSE All-World ex-US ETF

VEUANYSE Arca

Overlap

84.0%by weight

Expense ratio

VEU −0.03pt a year

IXUS0.07%VEU0.04%

Avg volume · 30D

VEU 1.3×the volume

IXUS2MVEU2.57M

10Y return · a year

VEU +0.1pt

IXUS+9.1%VEU+9.2%

IXUS vs VEU Performance

Oct 29, 2021 – Oct 30, 2026

+47.5%IXUS+49.8%VEU

Expense ratio: IXUS 0.07%; VEU 0.04%, better
Fund size: IXUS $56.8B; VEU $95.7B
1Y total return: IXUS +13.5%; VEU +13.8%, better
Yield (12M): IXUS 3.04%, better; VEU 2.43%
Holdings: IXUS 4596; VEU 3820
Avg volume (30D): IXUS 2M sh; VEU 2.57M sh, better
NAV per share: IXUS $92.10; VEU $80.49
52W range

ETF.net Grade

Pillar letters and Scores for IXUS, VEU, with each pillar’s weight
Pillar	IXUS	VEU
Cost30% weight	A70	A93Higher
Mission25% weight	A100	A100
Risk15% weight	B55	B55
Tradability15% weight	A78Higher	B55
Holdings10% weight	A76Higher	B60
Durability5% weight	B67	A82Higher

Rank among Total International Market funds

How we build Categories ›

Same Category. IXUS and VEU are both graded against the same 8 Total International Market funds, so their Grades compare head to head.

Total International Market⁠

Category · 8 funds

See all 8 ›

VEU ranks 2nd and IXUS 3rd of 8 funds in the Total International Market Category.

Rank 1AVXUSVanguard Total International Stock ETFScore 80
Rank 2AVEUVanguard FTSE All-World ex-US ETFScore 79
Rank 3AIXUSiShares Core MSCI Total International Stock ETFScore 76
Rank 4BDFAXDimensional World ex U.S. Core Equity 2 ETFScore 64

Our read on each fund

ETF.net Research

IXUSAiShares Core MSCI Total International Stock ETF

VEUAVanguard FTSE All-World ex-US ETF

In short

IXUS One ticker for the stock market outside the US: developed and emerging, mega caps down to small caps, roughly 4,300 stocks, for 0.07% a year. The whole rest of the world in a single line item.

VEU One ticker for everything outside America: roughly 3,800 stocks spanning developed and emerging markets, for 0.04% a year. Vanguard has run it since 2007, and it costs a fraction of what the typical international blend fund charges.

Stated mandate

IXUS The Fund seeks to track an index of large-, mid-, and small-capitalization non-U.S. equities. It uses an indexing approach and generally invests at least 80% of assets in the Underlying Index’s component securities or substantially identical investments.

VEU The fund seeks to track the investment performance of the FTSE All-World ex US Index, providing broad exposure to developed and emerging non-U.S. equity markets.

Why people hold it

IXUS Seven basis points a year (0.07%), against a peer-group median near 0.28%. Global diversification priced close to a rounding error.
Tracks the MSCI ACWI ex USA IMI: non-US developed and emerging markets, large, mid and small caps, roughly 4,300 stocks, with at least 80% of assets in index components.ishares.com
Running since 2012, a multi-billion-dollar fund that trades actively, and one of the strongest implementations in its peer group.

VEU At 0.04% a year, it undercuts the typical international blend fund (0.28% median) and comes in below IXUS and VPL at 0.07%, never mind ACWX at 0.32%.
About 3,800 stocks across developed and emerging markets outside the US. One line in your portfolio, most of the planet's listed companies behind it.vanguard.com
Trading since 2007, now a multi-billion-dollar fund that changes hands actively, and it has stayed tight to its stated job of tracking the FTSE All-World ex US Index.
One of the strongest builds in the international blend group: broad mandate, rock-bottom fee, steady index discipline.

Worth knowing

IXUS Cheaper tickets exist in the aisle: VEU charges 0.04%. It follows a FTSE index rather than MSCI, so the holdings are not the same basket.
Small caps and emerging markets ride rougher than developed large caps, and everything inside is priced in foreign currencies.
Distributions land annually or semiannually rather than quarterly, so income shows up in lumps.

VEU No US stocks, by design. This is the other half of a portfolio rather than the whole of one.vanguard.com
Emerging markets come baked in, not bolted on. Hold a dedicated EM fund alongside it and you'll own some of the same names twice.
Everything inside is priced in foreign currency, so exchange rates push returns around on top of what the stocks do. Income arrives quarterly.

Full IXUS profile⁠

Full VEU profile⁠

IXUS vs VEU Holdings

How IXUS and VEU differ

Overlap by weight

84.0%

Shared holdings make up 91.9% of VEU and 87.7% of IXUS.

Level by level

Holdings2,420 in both84.0%
Countryby domicile90.4%
Sector11 Sectors96.9%
Asset classEquity100%

Sector

Sector weights in IXUS and VEU, widest gap first
Sector	More in IXUSMore in VEU	IXUS	VEU
Technology	VEU +1.8 points	20.1%	21.9%
Financials	VEU +1.0 points	23.1%	24.1%
Materials	IXUS +0.6 points	7.4%	6.8%
Consumer Staples	IXUS +0.5 points	5.2%	4.7%
Consumer Discretionary	IXUS +0.5 points	7.9%	7.4%
Health Care	IXUS +0.4 points	7.2%	6.8%
Real Estate	IXUS +0.3 points	2.1%	1.8%
Energy	IXUS +0.3 points	5.1%	4.8%
Communication	VEU +0.3 points	4.1%	4.4%
Industrials	IXUS +0.2 points	14.6%	14.4%
Utilities	IXUS +0.2 points	3.1%	2.9%

Country, concentration and asset class

Country by domicile

Country weights in IXUS and VEU, widest gap first
Country	More in IXUSMore in VEU	IXUS	VEU
South Africa	VEU +3.0 points	0.0%	3.0%
Canada	IXUS +1.8 points	9.5%	7.7%
United Kingdom	IXUS +1.4 points	9.5%	8.1%
Japan	IXUS +1.0 points	17.1%	16.1%
Switzerland	IXUS +0.9 points	5.9%	5.0%
Israel	VEU +0.8 points	0.0%	0.8%
China	VEU +0.8 points	6.3%	7.1%
Australia	IXUS +0.7 points	4.8%	4.1%
Other countries (30)	VEU +1.1 points	47.0%	48.1%

Outside the US: IXUS 71% developed, 29% emerging. VEU 65% developed, 35% emerging.

Concentration

Weight in the 10 largest Holdings

IXUS13.6%
VEU15.2%

Securities held

IXUS4,560
VEU3,778

Asset class

IXUS: Equity
VEU: Equity

Holdings

Only in IXUS2,140
In both2,420
Only in VEU1,358

Only in IXUS

2,140 securities, 11.9% of IXUS by weight

Spotify Technology0.21%
Reliance Industries Ltd0.17%
Nordea Bank0.13%
Basf N0.13%
Teva Pharmaceutical Industries0.12%
Ferrari0.12%
Al Rajhi Bank0.11%
Nu Holdings Class A0.10%
Nebius NV Class A0.08%
Adidas N AG0.08%
Stmicroelectronics0.07%
Teck Resources Subordinate Voting0.07%
The Saudi National Bank0.07%
Larsen and Toubro Ltd0.07%
Ferrovial NV0.07%
Sea Ads Representing Ltd Class A0.07%
Aercap Holdings0.06%
Aib Group PLC0.06%
Coca Cola Europacific Partners PLC0.06%
First Abu Dhabi Bank0.06%
Credicorp Ltd0.05%
Tata Consultancy Services Ltd0.05%
Emirates Telecommunications Group0.05%
Bombardier Class B0.05%
Kerry Group PLC0.05%
Delta Electronics (Thailand) Non-V0.05%
State Bank of India0.04%
Bt Group PLC0.04%
Eternal0.04%
Southern Copper Corp0.04%
Edp Energias De Portugal0.04%
Ntpc Ltd0.04%
Cgi Inc Class A0.03%
Abu Dhabi Commercial Bank0.03%
Henkel & Kgaa Pref AG0.03%
Vonovia SE0.03%
Check Point Software Technologies0.03%
Power Grid Corporation of India0.03%
Ptt Non-Voting Dr0.03%
Rogers Communications Non-Voting I0.03%
Adani Ports and Special Economic Z0.03%
Advanced Info Service Non-Voting D0.03%
Banco Comercial Portugues SA0.02%
Tech Mahindra0.02%
Interglobe Aviation Ltd0.02%
Ccl Industries Class B0.02%
Hongkong Land Holdings Ltd0.02%
H World Group Adr0.02%
Grasim Industries0.02%
Stellantis0.02%

Only in VEU

1,358 securities, 7.3% of VEU by weight

SLBBH11420.91%
Reliance Industries Ltd0.21%
Air Liquide SA0.18%
Nordea Bank Abp0.16%
L'Oreal SA0.15%
Basf SE0.12%
Al Rajhi Bank0.12%
Teva Pharmaceutical Industries Ltd0.11%
Ferrari NV0.11%
Waste Connections Inc0.10%
STMicroelectronics NV0.08%
Teck Resources Ltd0.08%
Saudi National Bank/The0.08%
Engie SA0.07%
AIB Group PLC0.07%
adidas AG0.07%
Larsen & Toubro Ltd0.07%
Ferrovial NV0.06%
Itau Unibanco H-Spon Prf Adr0.06%
First Abu Dhabi Bank PJSC0.06%
Tata Consultancy Services Ltd0.05%
United Microelectron-Sp Adr0.05%
Relx PLC0.05%
Amrize Ltd0.05%
Emirates Telecommunications Group Co PJSC0.05%
Coca-Cola Europacific Partners PLC0.05%
Investor AB0.05%
Bombardier Inc0.05%
State Bank of India0.05%
Barrick Mining Corp0.04%
Edp SA0.04%
NTPC Ltd0.04%
Kerry Group PLC0.04%
Eternal Ltd0.04%
Ptt Pcl/Foreign0.04%
Abu Dhabi Commercial Bank PJSC0.04%
UPM-Kymmene Oyj0.04%
BT Group PLC0.03%
James Hardie Industries-Cdi0.03%
Vonovia SE0.03%
Adani Ports & Special Economic Zone Ltd0.03%
Henkel AG & Co Kgaa Vor-Pref0.03%
Infosys Ltd-Sp Adr0.03%
CGI Inc0.03%
Power Grid Corp of India Ltd0.03%
International Consolidated Airlines Group SA0.03%
Banco Comercial Portugues SA0.03%
JSW Steel Ltd0.03%
Grasim Industries Ltd0.03%
Kb Financial Group Inc-Adr0.03%

Weight gaps

The 100 widest of 2,420 Holdings in both funds.

Holding weights in IXUS and VEU, widest gap first
Holding	More in IXUSMore in VEU	IXUS	VEU
Sk Hynix	VEU +0.41 points	1.42%	1.83%
Taiwan Semiconductor Manufacturing	VEU +0.37 points	4.33%	4.70%
Samsung Electronics Ltd	VEU +0.33 points	1.91%	2.24%
Asml Holding	VEU +0.23 points	1.48%	1.71%
Lair Liquide Societe Anonyme Pour	IXUS +0.19 points	0.30%	0.11%
Loreal SA	IXUS +0.19 points	0.28%	0.09%
Delta Electronics	VEU +0.14 points	0.20%	0.34%
Mediatek	VEU +0.14 points	0.42%	0.56%
Alibaba Group Holding	VEU +0.13 points	0.50%	0.63%
Hsbc Holdings PLCHSBA.L	VEU +0.12 points	0.72%	0.84%
Softbank Group Corp	VEU +0.11 points	0.26%	0.37%
Tencent Holdings	VEU +0.12 points	0.72%	0.84%
Roche Ps Par AG	IXUS +0.11 points	0.83%	0.72%
Banco Santander	VEU +0.10 points	0.39%	0.49%
Kioxia Holdings	VEU +0.09 points	0.24%	0.33%
Schneider Electric	VEU +0.09 points	0.35%	0.44%
Astrazeneca PLCAZN.L	IXUS +0.08 points	0.68%	0.60%
Tokyo Electron	VEU +0.08 points	0.33%	0.41%
Relx PLCREL.L	IXUS +0.08 points	0.17%	0.09%
Sap	IXUS +0.08 points	0.58%	0.50%
ShellSHEL.L	IXUS +0.07 points	0.75%	0.68%
Banco Bilbao Vizcaya Argentaria	VEU +0.07 points	0.32%	0.39%
Engie SA	IXUS +0.06 points	0.11%	0.05%
Rolls-Royce Holdings PLCRR.L	VEU +0.07 points	0.33%	0.40%
Safran SA	VEU +0.06 points	0.26%	0.32%
Mitsubishi Ufj Financial Group	VEU +0.06 points	0.56%	0.62%
Nestle SA	IXUS +0.06 points	0.64%	0.58%
Novartis AG	IXUS +0.06 points	0.72%	0.66%
Unicredit	VEU +0.06 points	0.27%	0.33%
Intesa Sanpaolo	VEU +0.05 points	0.23%	0.28%
Murata Manufacturing	VEU +0.05 points	0.16%	0.21%
Pdd Holdings AdsPDD	VEU +0.05 points	0.10%	0.15%
Mizuho Financial Group	VEU +0.04 points	0.28%	0.32%
Canadian Natural Resources Ltd	IXUS +0.04 points	0.28%	0.24%
Fujikura	VEU +0.04 points	0.09%	0.13%
Commonwealth Bank of Australia	IXUS +0.04 points	0.47%	0.43%
Itau Unibanco Holding Pref SA	IXUS +0.04 points	0.09%	0.05%
Abb Ltd	VEU +0.04 points	0.32%	0.36%
Industrial and Commercial Bank of	VEU +0.03 points	0.16%	0.19%
Recruit Holdings Ltd	IXUS +0.04 points	0.39%	0.35%
Sumitomo Mitsui Financial Group	VEU +0.03 points	0.36%	0.39%
Infineon Technologies AG	VEU +0.03 points	0.18%	0.21%
Panasonic Holdings	VEU +0.03 points	0.13%	0.16%
Siemens Energy N AG	VEU +0.03 points	0.27%	0.30%
Siemens N AG	VEU +0.04 points	0.52%	0.56%
Lenovo Group	VEU +0.03 points	0.05%	0.08%
Genmab	IXUS +0.04 points	0.09%	0.05%
Sk Square	VEU +0.03 points	0.15%	0.18%
Bp PLCBP.L	IXUS +0.04 points	0.32%	0.28%
Bhp Group Ltd	VEU +0.03 points	0.50%	0.53%
Celestica	VEU +0.03 points	0.08%	0.11%
Hitachi	VEU +0.03 points	0.35%	0.38%
Ing Groep	VEU +0.03 points	0.22%	0.25%
Infosys	IXUS +0.03 points	0.09%	0.06%
Givaudan SA	IXUS +0.03 points	0.11%	0.08%
Assicurazioni Generali	VEU +0.03 points	0.08%	0.11%
Natwest Group PLCNWG.L	VEU +0.03 points	0.15%	0.18%
Samsung Electronics Non Voting Pre	VEU +0.03 points	0.25%	0.28%
Bnp Paribas SA	VEU +0.03 points	0.23%	0.26%
Sumitomo Electric Industries	VEU +0.03 points	0.08%	0.11%
Mitsubishi Heavy Industries	VEU +0.03 points	0.17%	0.20%
Mitsubishi Electric	VEU +0.03 points	0.13%	0.16%
Toyota Motor	VEU +0.03 points	0.45%	0.48%
Suncor Energy Inc	IXUS +0.03 points	0.23%	0.20%
Samsung Electro Mechanics Ltd	VEU +0.03 points	0.12%	0.15%
Lloyds Banking Group PLCLLOY.L	VEU +0.02 points	0.18%	0.20%
Grupo Cibest Pref SA	IXUS +0.03 points	0.03%	<0.01%
Agnico Eagle Mines	VEU +0.03 points	0.20%	0.23%
Rio TintoRIO.L	VEU +0.03 points	0.21%	0.24%
Unilever PLCULVR.L	IXUS +0.03 points	0.34%	0.31%
Essilorluxottica SA	IXUS +0.03 points	0.15%	0.12%
Ibiden Ltd	VEU +0.03 points	0.06%	0.09%
British American TobaccoBATS.L	IXUS +0.03 points	0.30%	0.27%
Societe Generale SA	VEU +0.02 points	0.11%	0.13%
Zurich Insurance Group AG	IXUS +0.02 points	0.27%	0.25%
Ucb SA	IXUS +0.02 points	0.09%	0.07%
Wheaton Precious Metals	VEU +0.02 points	0.13%	0.15%
Glencore PLCGLEN.L	VEU +0.02 points	0.16%	0.18%
Barrick Mining	IXUS +0.03 points	0.15%	0.12%
Asm International NV	VEU +0.02 points	0.09%	0.11%
Komatsu	VEU +0.02 points	0.08%	0.10%
Cemex Cpo	IXUS +0.02 points	0.04%	0.02%
Toronto Dominion	IXUS +0.02 points	0.50%	0.48%
Caixabank SA	VEU +0.02 points	0.11%	0.13%
Nokia	VEU +0.03 points	0.10%	0.13%
Emaar Properties	VEU +0.02 points	0.05%	0.07%
Doosan Enerbility Ltd	VEU +0.03 points	0.04%	0.07%
Barclays PLCBARC.L	VEU +0.02 points	0.18%	0.20%
Totalenergies	IXUS +0.02 points	0.45%	0.43%
Hong Kong Exchanges and Clearing	VEU +0.02 points	0.12%	0.14%
Cia Vale Do Rio Doce Sh	VEU +0.02 points	0.10%	0.12%
Unimicron Technology	VEU +0.02 points	0.10%	0.12%
Shin Etsu Chemical	VEU +0.02 points	0.15%	0.17%
Itochu	VEU +0.02 points	0.20%	0.22%
Anglogold Ashanti PLC	VEU +0.02 points	0.10%	0.12%
Constellation Software	IXUS +0.02 points	0.12%	0.10%
Oversea-Chinese Banking	VEU +0.02 points	0.18%	0.20%
Kb Financial Group	IXUS +0.02 points	0.10%	0.08%
Muenchener Rueckversicherungs-Gese	IXUS +0.01 points	0.19%	0.18%
Chunghwa Telecom Ltd	IXUS +0.01 points	0.04%	0.03%

All 4,580 IXUS holdings⁠All 3,823 VEU holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

IXUS vs VEU Cost

Overpaying IXUS vs VEU

$631

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

IXUS 0.07%
$1,480
VEU 0.04%
$849

Amount$10,000

Years30 years

Cost over time

IXUS 0.07%
VEU 0.04%
Overpaying

Year by year

Year	IXUS	VEU	Overpaying
10	$128	$73	$55
20	$503	$288	$215
30	$1,480	$849	$631

Expense ratio

0.07%IXUS
0.04%VEU, cheaper

VEU0.04%IXUS0.07%

0.04%0.55%

Middle half of Total International Market funds
Median 0.23%

VEU cheapest of 8 funds

IXUS 3rd cheapest of 8 funds

IXUS vs VEU Dividends

Last 12 months to Oct 30, 2026

Yield (12M): IXUS 3.04%, better; VEU 2.43%
Payout (12M): IXUS $2.80; VEU $1.96
Last payment: IXUS $1.23; VEU $0.20
Ex-dividend: IXUS Jun 15, 2026; VEU Sep 18, 2026
Paid on: IXUS Jun 18, 2026; VEU Sep 22, 2026
Frequency: IXUS Twice a year; VEU Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

IXUSTwice a year · 20 paymentsAll IXUS payments⁠

VEUQuarterly · 39 paymentsAll VEU payments⁠

IXUS vs VEU Risk

Fall from peak · 5 years

IXUS
VEU

Risk facts

VolatilityStd dev, 3 years: IXUS 11.9%VEU 11.9%
Return per unit of riskSharpe ratio, 3 years: IXUS 1.28, betterVEU 1.27
Worst fallMax drawdown, 5 years: IXUS −29.4%VEU −28.5%, better
Market sensitivityBeta, 5 years: IXUS 0.92VEU 0.91; Market = 1

IXUS and VEU in the news

All news⁠

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Best international ETFs: one cheap fund, then the Korea choice
Updated Nov 2, 2026IXUSVEU
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Avantis lists an international stock ETF with Vanguard on top
Oct 5, 2026IXUSVEU
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Avantis Investors' Avantis U.S. Core Equity ETF AVUC overlaps a fund it already runs
Oct 16, 2026IXUS
New ETFs
Healthcare is 31% of Invesco's new QQI fund
Oct 5, 2026VEU
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Vanguard's total international fund is the one-fund pick, and Korea splits the rest
Updated Oct 2, 2026IXUS

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IXUS vs VEU

In short

Stated mandate

Why people hold it