Quick Verdict

VXUS has a lower expense ratio. VXUS offers more diversification with 7861 holdings.

Lower Fees: VXUSHigher Returns: TiedMore Diversified: VXUS

Side-by-Side Comparison

MetricLTAXVXUSWinner
Expense Ratio0.39%0.05%
AUM$6M$156.5B
Dividend Yield1.66%2.60%
Holdings798,747
YTD Return+1.43%+14.57%
1Y Return-+27.82%
3Y Return (annualized)-+19.27%
5Y Return (annualized)-+9.28%
Volatility (annualized)-15.1%
Max Drawdown-3.2%-39.9%
Fund FamilyNomura Asset Management Co LtdVanguard (US)
CategoryTax PreferredEquity
InceptionJan 12, 2026Jan 26, 2011

LTAX vs VXUS Performance

Nomura Tax-Free USA ETF (LTAX) is a ETF from Nomura Asset Management Co Ltd and Vanguard Total International Stock ETF (VXUS) is a ETF from Vanguard (US). Year to date, LTAX is up 1.43% versus a gain of 14.57% for VXUS.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -3.2% for LTAX and -39.9% for VXUS. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

LTAX charges 0.39% per year while VXUS charges 0.05%. On a $10,000 position that is $39 vs $5 annually, a gap of $34 per year that compounds over a long holding period. On income, LTAX currently yields 1.66% against 2.60% for VXUS.

Holdings Overlap

0.0%overlap

LTAX and VXUS share 0 holdings out of 7898 unique holdings combined, representing a 0.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Frequently Asked Questions

Which is cheaper, LTAX or VXUS?

LTAX has an expense ratio of 0.39% while VXUS charges 0.05%. VXUS is the cheaper option. On a $10,000 investment, that is $34 per year of difference.

What is the holdings overlap between LTAX and VXUS?

LTAX and VXUS share 0 common holdings with a 0.0% weight overlap. Combined, they hold 7898 unique securities.

Which pays a higher dividend, LTAX or VXUS?

LTAX yields 1.66% while VXUS yields 2.60%, so VXUS currently pays the higher dividend yield.

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