VEU vs VXUS: Grades, Fees and Holdings Compared

Vanguard FTSE All-World ex-US ETF

VEUANYSE Arca

Vanguard Total International Stock ETF

VXUSANasdaq

Overlap

89.1%by weight

Expense ratio

VEU −0.01pt a year

VEU0.04%VXUS0.05%

Avg volume · 30D

VXUS 2.0×the volume

VEU2.57MVXUS5.27M

10Y return · a year

VEU +0.1pt

VEU+9.2%VXUS+9.1%

VEU vs VXUS Performance

Oct 29, 2021 – Oct 30, 2026

+49.8%VEU+47.5%VXUS

Expense ratio: VEU 0.04%, better; VXUS 0.05%
Fund size: VEU $95.7B; VXUS $649B
1Y total return: VEU +13.8%, better; VXUS +13.2%
Yield (12M): VEU 2.43%, better; VXUS 2.41%
Holdings: VEU 3820; VXUS 8905
Avg volume (30D): VEU 2.57M sh; VXUS 5.27M sh, better
NAV per share: VEU $80.49; VXUS $82.18
52W range

ETF.net Grade

Pillar letters and Scores for VEU, VXUS, with each pillar’s weight
Pillar	VEU	VXUS
Cost30% weight	A93Higher	A81
Mission25% weight	A100	A100
Risk15% weight	B55	B55
Tradability15% weight	B55	A73Higher
Holdings10% weight	B60	A74Higher
Durability5% weight	A82	A86Higher

Rank among Total International Market funds

How we build Categories ›

Same Category. VEU and VXUS 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 ›

VXUS ranks 1st and VEU 2nd 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

Our read on each fund

ETF.net Research

VEUAVanguard FTSE All-World ex-US ETF

VXUSAVanguard Total International Stock ETF

In short

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.

VXUS Everything outside the US in one ticker: roughly 8,600 stocks across developed and emerging markets, large caps down to small, for 0.05% a year. Vanguard's answer to international investing is to just own the whole thing.

Stated mandate

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.

VXUS The fund uses a passive indexing strategy to track the FTSE Global All Cap ex US Index, which measures the performance of large-, mid-, and small-cap stocks in developed and emerging markets outside the United States.

Why people hold it

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.

VXUS 0.05% a year, a small fraction of the median fee among its international peers.
One ticker, roughly 8,600 companies: developed and emerging markets, large caps down to small caps, weighted by market size.vanguard.com
Tracks the FTSE Global All Cap ex US Index tightly, one of the cleanest index builds among the international funds we grade.
Trading since 2011, well over $100 billion in assets and one of the busiest names in its category, which usually shows up as tight bid-ask spreads.

Worth knowing

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.

VXUS No US stocks by design. This is the other half of a global portfolio, not the whole portfolio.vanguard.com
Foreign currency moves feed straight into dollar returns, and Vanguard flags country and currency risk as especially high in emerging markets.vanguard.com
Market-cap weighting means the largest developed markets and their megacaps steer the fund; the thousands of small names barely move it.vanguard.com

Full VEU profile⁠

Full VXUS profile⁠

VEU vs VXUS Holdings

How VEU and VXUS differ

Overlap by weight

89.1%

Shared holdings make up 98.6% of VEU and 89.6% of VXUS.

Level by level

Holdings3,749 in both89.1%
Sector11 Sectors98.2%
Countryby domicile98.7%
Asset classEquity100%

Sector

Sector weights in VEU and VXUS, widest gap first
Sector	More in VEUMore in VXUS	VEU	VXUS
Financials	VEU +0.9 points	24.1%	23.2%
Materials	VXUS +0.7 points	6.8%	7.5%
Industrials	VXUS +0.5 points	14.4%	14.9%
Real Estate	VXUS +0.4 points	1.8%	2.2%
Communication	VEU +0.3 points	4.4%	4.1%
Technology	VEU +0.2 points	21.9%	21.7%
Energy	VEU +0.2 points	4.8%	4.6%
Health Care	VXUS +0.1 points	6.8%	6.9%
Consumer Staples	VXUS +0.1 points	4.7%	4.8%
Consumer Discretionary	VEU +0.1 points	7.4%	7.3%
Utilities	Same weight	2.9%	2.9%

Country, concentration and asset class

Country by domicile

Country weights in VEU and VXUS, widest gap first
Country	More in VEUMore in VXUS	VEU	VXUS
Japan	Same weight	16.1%	16.1%
Taiwan	VEU +0.1 points	9.5%	9.3%
United Kingdom	Same weight	8.1%	8.1%
Canada	VXUS +0.2 points	7.7%	7.9%
China	VEU +0.2 points	7.1%	6.9%
South Korea	VEU +0.2 points	6.9%	6.7%
France	VEU +0.2 points	5.0%	4.8%
Switzerland	VEU +0.2 points	5.0%	4.8%
Other countries (30)	VXUS +0.6 points	34.7%	35.3%

Outside the US: VEU 65% developed, 35% emerging. VXUS 65% developed, 35% emerging.

Concentration

Weight in the 10 largest Holdings

VEU15.2%
VXUS14.6%

Securities held

VEU3,778
VXUS8,836

Asset class

VEU: Equity
VXUS: Equity

Holdings

Only in VEU29
In both3,749
Only in VXUS5,087

Only in VEU

29 securities, 1.2% of VEU by weight

SLBBH11420.91%
Relx PLC0.05%
Infosys Ltd-Sp Adr0.03%
Kb Financial Group Inc-Adr0.03%
Petroleo Brasil-Sp Pref Adr0.03%
Shinhan Financial Group-Adr0.02%
Banco Bradesco-Adr0.02%
Posco Holdings Inc -Spon Adr0.02%
Quimica Y Minera Chil-Sp Adr<0.01%
Ambev Sa-Adr<0.01%
Stellantis NV<0.01%
Kasikornbank Pcl-Nvdr<0.01%
Scb X Pcl-Nvdr<0.01%
Bangkok Bank Public Co-Nvdr<0.01%
Siam Cement Pcl-Nvdr<0.01%
Takeda Pharmaceutic-Sp Adr<0.01%
True Corp Pcl/New-Nvdr<0.01%
Enbridge Inc<0.01%
Ke Holdings Inc - Adr<0.01%
Tencent Music Entertainm-Adr<0.01%
Jiangsu Lettall Electronic Co Ltd<0.01%
Guangdong Shenling Environmental Systems Co Ltd<0.01%
Bangkok Dusit Med Servi-Nvdr<0.01%
Central Pattana Pcl-Nvdr<0.01%
Abivax Sa-Adr<0.01%
Pony Ai Inc<0.01%
Bumrungrad Hospital Pcl-Nvdr<0.01%
Krung Thai Bank - Nvdr<0.01%
Vtb Bank Jsc -Gdr-Reg’s0.00%

Only in VXUS

5,087 securities, 10.4% of VXUS by weight

SLCMT11421.66%
BHP Group Ltd0.17%
Vanguard FTSE Emerging Markets ETF0.11%
DPM Metals Inc0.02%
Eldorado Gold Corp0.02%
Gaztransport Et Technigaz SA0.02%
Storebrand ASA0.02%
thyssenkrupp AG0.02%
G Mining Ventures Corp0.02%
AL Sydbank A/S0.02%
Nkt A/S0.02%
Frontline PLC0.02%
LandMark Optoelectronics Corp0.02%
South Bow Corp0.02%
SSR Mining Inc0.02%
Lottomatica Group Spa0.02%
Capital Power Corp0.02%
Aedifica SA0.02%
Ringkjoebing Landbobank A/S0.01%
Konecranes Oyj0.01%
B2Gold Corp0.01%
Lion Finance Group PLC0.01%
Jyske Bank A/S0.01%
Capstone Copper Corp0.01%
OR Royalties Inc0.01%
OceanaGold Corp0.01%
voestalpine AG0.01%
Nexans SA0.01%
Aberdeen Group PLC0.01%
Perseus Mining Ltd0.01%
IG Group Holdings PLC0.01%
Balfour Beatty PLC0.01%
Iss A/S0.01%
NexGen Energy Ltd0.01%
LondonMetric Property PLC0.01%
Persimmon PLC0.01%
Georg Fischer AG0.01%
Umicore SA0.01%
PrairieSky Royalty Ltd0.01%
Wpp PLC0.01%
Jusung Engineering Co Ltd0.01%
BlackBerry Ltd0.01%
Rotork PLC0.01%
Codan Ltd0.01%
Tritax Big Box REIT PLC0.01%
SBM Offshore NV0.01%
Mycronic AB0.01%
Avanza Bank Holding AB0.01%
Man Group PLC/Jersey0.01%
Motor Oil Hellas Corinth Refineries SA0.01%

Weight gaps

The 100 widest of 3,749 Holdings in both funds.

Holding weights in VEU and VXUS, widest gap first
Holding	More in VEUMore in VXUS	VEU	VXUS
Taiwan Semiconductor Manufacturing Co Ltd	VEU +0.43 points	4.70%	4.27%
BHP Group Ltd	VEU +0.22 points	0.53%	0.31%
Samsung Electronics Co Ltd	VEU +0.21 points	2.24%	2.03%
SK hynix Inc	VEU +0.16 points	1.83%	1.67%
ASML Holding NV	VEU +0.16 points	1.71%	1.55%
Tencent Holdings Ltd	VEU +0.08 points	0.84%	0.76%
HSBC Holdings PLCHSBA.L	VEU +0.08 points	0.84%	0.76%
Roche Holding AG	VEU +0.06 points	0.72%	0.66%
Itau Unibanco H-Spon Prf AdrITUB	VEU +0.06 points	0.06%	<0.01%
Shell PLCSHEL.L	VEU +0.06 points	0.68%	0.62%
Royal Bank of Canada	VEU +0.06 points	0.68%	0.62%
Novartis AG	VEU +0.06 points	0.66%	0.60%
Alibaba Group Holding Ltd	VEU +0.06 points	0.63%	0.57%
Mitsubishi UFJ Financial Group Inc	VEU +0.05 points	0.62%	0.57%
AstraZeneca PLCAZN.L	VEU +0.06 points	0.60%	0.54%
Nestle SA	VEU +0.06 points	0.58%	0.52%
Itau Unibanco Holding S-Pref	VXUS +0.05 points	0.05%	0.10%
MediaTek Inc	VEU +0.05 points	0.56%	0.51%
Siemens AG	VEU +0.06 points	0.56%	0.50%
United Microelectron-Sp AdrUMC	VEU +0.05 points	0.05%	<0.01%
Sap SE	VEU +0.04 points	0.50%	0.46%
Banco Santander SA	VEU +0.04 points	0.49%	0.45%
Toronto-Dominion Bank/The	VEU +0.05 points	0.48%	0.43%
Toyota Motor Corp	VEU +0.05 points	0.48%	0.43%
Shopify Inc	VEU +0.04 points	0.45%	0.41%
Allianz SE	VEU +0.04 points	0.44%	0.40%
Schneider Electric SE	VEU +0.04 points	0.44%	0.40%
Commonwealth Bank of Australia	VEU +0.04 points	0.43%	0.39%
TotalEnergies SE	VEU +0.04 points	0.43%	0.39%
Relx PLCREL.L	VXUS +0.04 points	0.09%	0.13%
Tokyo Electron Ltd	VEU +0.04 points	0.41%	0.37%
Rolls-Royce Holdings PLCRR.L	VEU +0.04 points	0.40%	0.36%
Advantest Corp	VEU +0.04 points	0.40%	0.36%
Sumitomo Mitsui Financial Group Inc	VEU +0.03 points	0.39%	0.36%
Banco Bilbao Vizcaya Argentaria SA	VEU +0.04 points	0.39%	0.35%
Iberdrola SA	VEU +0.03 points	0.38%	0.35%
United Microelectronics Corp	VXUS +0.03 points	0.09%	0.12%
Hitachi Ltd	VEU +0.04 points	0.38%	0.34%
SoftBank Group Corp	VEU +0.03 points	0.37%	0.34%
Barrick Mining Corp	VEU +0.03 points	0.12%	0.09%
UBS Group AG	VEU +0.04 points	0.37%	0.33%
ABB Ltd	VEU +0.03 points	0.36%	0.33%
Recruit Holdings Co Ltd	VEU +0.03 points	0.35%	0.32%
Sony Group Corp	VEU +0.04 points	0.35%	0.31%
Delta Electronics Inc	VEU +0.03 points	0.34%	0.31%
Kioxia Holdings Corp	VEU +0.03 points	0.33%	0.30%
UniCredit SpA	VEU +0.03 points	0.33%	0.30%
Mizuho Financial Group Inc	VEU +0.03 points	0.32%	0.29%
Safran SA	VEU +0.03 points	0.32%	0.29%
Unilever PLCULVR.L	VEU +0.03 points	0.31%	0.28%
Airbus SE	VEU +0.03 points	0.31%	0.28%
Siemens Energy AG	VEU +0.03 points	0.30%	0.27%
DBS Group Holdings Ltd	VEU +0.02 points	0.30%	0.28%
Novo Nordisk A/S	VEU +0.03 points	0.30%	0.27%
Bank of Montreal	VEU +0.02 points	0.29%	0.27%
Samsung Electronics-Pref	VEU +0.02 points	0.28%	0.26%
Bp PLCBP.L	VEU +0.02 points	0.28%	0.26%
Intesa Sanpaolo SpA	VEU +0.02 points	0.28%	0.26%
Cie Financiere Richemont SA	VEU +0.03 points	0.28%	0.25%
Bank of Nova Scotia/The	VEU +0.03 points	0.28%	0.25%
British American Tobacco PLCBATS.L	VEU +0.02 points	0.27%	0.25%
LVMH Moet Hennessy Louis Vuitton SE	VEU +0.03 points	0.27%	0.24%
Infosys Ltd	VXUS +0.02 points	0.06%	0.08%
BNP Paribas SA	VEU +0.03 points	0.26%	0.23%
Air Liquide SA	VEU +0.02 points	0.11%	0.09%
ING Groep NV	VEU +0.02 points	0.25%	0.23%
Deutsche Telekom AG	VEU +0.02 points	0.25%	0.23%
Canadian Imperial Bank of Commerce	VEU +0.02 points	0.25%	0.23%
Zurich Insurance Group AG	VEU +0.03 points	0.25%	0.22%
Rio Tinto PLCRIO.L	VEU +0.02 points	0.24%	0.22%
Keyence Corp	VEU +0.03 points	0.24%	0.21%
Hon Hai Precision Industry Co Ltd	VEU +0.02 points	0.24%	0.22%
Gsk PLCGSK.L	VEU +0.02 points	0.24%	0.22%
AIA Group Ltd	VEU +0.02 points	0.24%	0.22%
Canadian Natural Resources Ltd	VEU +0.02 points	0.24%	0.22%
Mitsubishi Corp	VEU +0.03 points	0.24%	0.21%
China Construction Bank Corp	VEU +0.02 points	0.27%	0.25%
Enbridge Inc	VEU +0.02 points	0.25%	0.23%
Tokio Marine Holdings Inc	VEU +0.02 points	0.23%	0.21%
Anglogold Ashanti Plc	VEU +0.02 points	0.12%	0.10%
Agnico Eagle Mines Ltd	VEU +0.02 points	0.23%	0.21%
Sanofi SA	VEU +0.02 points	0.22%	0.20%
ITOCHU Corp	VEU +0.02 points	0.22%	0.20%
Infineon Technologies AG	VEU +0.01 points	0.21%	0.20%
Murata Manufacturing Co Ltd	VEU +0.02 points	0.21%	0.19%
HDFC Bank Ltd	VEU +0.02 points	0.21%	0.19%
National Australia Bank Ltd	VEU +0.02 points	0.21%	0.19%
Reliance Industries Ltd	VEU +0.02 points	0.21%	0.19%
Westpac Banking Corp	VEU +0.01 points	0.20%	0.19%
Lloyds Banking Group PLCLLOY.L	VEU +0.01 points	0.20%	0.19%
Fast Retailing Co Ltd	VEU +0.02 points	0.20%	0.18%
Barrick Mining CorpB	VXUS +0.02 points	0.04%	0.06%
Barclays PLCBARC.L	VEU +0.02 points	0.20%	0.18%
Suncor Energy Inc	VEU +0.02 points	0.20%	0.18%
Mitsubishi Heavy Industries Ltd	VEU +0.02 points	0.20%	0.18%
Oversea-Chinese Banking Corp Ltd	VEU +0.02 points	0.20%	0.18%
Banco Bradesco Sa-Pref	VXUS +0.02 points	0.02%	0.04%
ANZ Group Holdings Ltd	VEU +0.02 points	0.20%	0.18%
Industrial & Commercial Bank of China Ltd	VEU +0.01 points	0.19%	0.18%
Axa SA	VEU +0.01 points	0.19%	0.18%

All 3,823 VEU holdings⁠All 8,602 VXUS 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.

VEU vs VXUS Cost

Overpaying VXUS vs VEU

$211

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

VEU 0.04%
$849
VXUS 0.05%
$1,060

Amount$10,000

Years30 years

Cost over time

VEU 0.04%
VXUS 0.05%
Overpaying

Year by year

Year	VEU	VXUS	Overpaying
10	$73	$92	$19
20	$288	$360	$72
30	$849	$1,060	$211

Expense ratio

0.04%VEU, cheaper
0.05%VXUS

VEU0.04%VXUS0.05%

0.04%0.55%

Middle half of Total International Market funds
Median 0.23%

VEU cheapest of 8 funds

VXUS 2nd cheapest of 8 funds

VEU vs VXUS Dividends

Last 12 months to Oct 30, 2026

Yield (12M): VEU 2.43%, better; VXUS 2.41%
Payout (12M): VEU $1.96; VXUS $1.98
Last payment: VEU $0.20; VXUS $0.16
Ex-dividend: VEU Sep 18, 2026; VXUS Sep 18, 2026
Paid on: VEU Sep 22, 2026; VXUS Sep 22, 2026
Frequency: VEU Quarterly; VXUS Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

VEUQuarterly · 39 paymentsAll VEU payments⁠

VXUSQuarterly · 39 paymentsAll VXUS payments⁠

VEU vs VXUS Risk

Fall from peak · 5 years

VEU
VXUS

Risk facts

VolatilityStd dev, 3 years: VEU 11.9%VXUS 11.9%
Return per unit of riskSharpe ratio, 3 years: VEU 1.27, betterVXUS 1.25
Worst fallMax drawdown, 5 years: VEU −28.5%, betterVXUS −28.9%
Market sensitivityBeta, 5 years: VEU 0.91VXUS 0.92; Market = 1

VEU and VXUS in the news

All news⁠

Best ETFs
Best international ETFs: one cheap fund, then the Korea choice
Updated Nov 2, 2026VEUVXUS
Head-to-Head
Own the world's stocks with VT, or only the United States with VTI
Oct 23, 2026VXUS
Head-to-Head
VXUS already holds the stocks in VEA
Oct 19, 2026VXUS
New ETFs
Three new international stock funds, and none is the cheap one
Oct 5, 2026VXUS
New ETFs
Healthcare is 31% of Invesco's new QQI fund
Oct 5, 2026VEU
New ETFs
Avantis lists an international stock ETF with Vanguard on top
Oct 5, 2026VEU

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VEU vs VXUS

In short

Stated mandate

Why people hold it