VEU vs VOT
Vanguard FTSE All World Ex US ETF vs Vanguard Morningstar Mid-Cap Growth ETF
Quick Verdict
VEU has a lower expense ratio. VEU delivered stronger 1-year returns. VEU offers more diversification with 3,928 holdings.
Side-by-Side Comparison
| Metric | VEU | VOT | Winner |
|---|---|---|---|
| Expense Ratio | 0.04% | 0.05% | |
| AUM | $68.4B | $19.1B | |
| Dividend Yield | 2.55% | 0.62% | |
| Holdings | 3,928 | 129 | |
| YTD Return | +14.68% | +5.70% | |
| 1Y Return | +27.15% | +3.86% | |
| 3Y Return (annualized) | +20.22% | +13.84% | |
| 5Y Return (annualized) | +9.14% | +4.14% | |
| Volatility (annualized) | 17.7% | 18.5% | |
| Max Drawdown | -62.8% | -60.3% | |
| Fund Family | Vanguard (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 2, 2007 | Aug 17, 2006 |
VEU vs VOT Performance
Vanguard FTSE All World Ex US ETF (VEU) is a ETF from Vanguard (US) and Vanguard Morningstar Mid-Cap Growth ETF (VOT) is a ETF from Vanguard (US). Over the past year VEU returned +27.15% while VOT returned +3.86%. Year to date, VEU is up 14.68% versus a gain of 5.70% for VOT.
Over three years, VEU compounded at +20.22% per year against +13.84% for VOT; over five years the annualized figures are +9.14% and +4.14% respectively. Across the full 20-year window we track, VOT has the edge at +9.40% annualized vs +3.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOT has been the more volatile fund, with annualized monthly volatility of 18.5% compared with 17.7% for VEU. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -62.8% for VEU and -60.3% for VOT. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VEU charges 0.04% per year while VOT charges 0.05%. On a $10,000 position that is $4 vs $5 annually, a gap of $1 per year that compounds over a long holding period. On income, VEU currently yields 2.55% against 0.62% for VOT.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, VEU or VOT?
VEU has an expense ratio of 0.04% while VOT charges 0.05%. VEU is the cheaper option. On a $10,000 investment, that is $1 per year of difference.
Which performed better, VEU or VOT?
Over the past year VEU returned +27.15% vs +3.86% for VOT, so VEU leads on 1-year performance. Over the longest common window we track (20 years), VEU annualized +3.55% vs +9.40% for VOT. Past performance does not guarantee future results.
Which is riskier, VEU or VOT?
VOT has been the more volatile fund at 18.5% annualized versus 17.7% for VEU. Worst drawdown: VEU -62.8% vs VOT -60.3%.
Should I hold both VEU and VOT?
VEU and VOT have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VEU and VOT?
VEU and VOT share 2 common holdings with a 0.2% weight overlap. Combined, they hold 3777 unique securities.
Which pays a higher dividend, VEU or VOT?
VEU yields 2.55% while VOT yields 0.62%, so VEU currently pays the higher dividend yield.
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