VEU vs VT
Vanguard FTSE All World Ex US ETF vs Vanguard Total World Stock ETF
Which is better, VEU or VT?
Nearly the same fund. VEU costs less.
VEU has a lower expense ratio. VEU led over 1Y, VT over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | VEU | VT |
|---|---|---|
| Expense Ratio | 0.04%Best | 0.06% |
| AUM | $68.4B | $97.9B |
| Dividend Yield | 2.48% | 1.55% |
| Holdings | 3,928 | 10,133 |
| YTD Return | +12.97%Best | +12.24% |
| 1Y Return | +20.36%Best | +17.11% |
| 3Y Return (annualized) | +19.54% | +20.23%Best |
| 5Y Return (annualized) | +9.72% | +11.20%Best |
| Volatility (annualized) | 17.8% | 16.6%Best |
| Max Drawdown | -55.5% | -50.6%Best |
| $10,000 over 5 years | $15,901 | $17,003Best |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 2, 2007 | Jun 24, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jun 26, 2008 to Sep 18, 2026 (18.2 years).
VEU vs VT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 18.2 years both funds cover.
VEU vs VT Performance
Vanguard FTSE All World Ex US ETF (VEU) is an ETF from Vanguard (US) and Vanguard Total World Stock ETF (VT) is an ETF from Vanguard (US). Over the past year VEU returned +20.36% while VT returned +17.11%. Year to date, VEU is up 12.97% versus a gain of 12.24% for VT.
Over three years, VEU compounded at +19.54% per year against +20.23% for VT; over five years the annualized figures are +9.72% and +11.20% respectively. Across the full 18-year window we track, VT has the edge at +7.22% annualized vs +3.53%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VEU has been the more volatile fund, with annualized monthly volatility of 17.8% compared with 16.6% for VT. 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 -55.5% for VEU and -50.6% for VT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.96. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
VEU charges 0.04% per year while VT charges 0.06%. On a $10,000 position that is $4 vs $6 annually, a gap of $2 per year that compounds over a long holding period. On income, VEU currently yields 2.48% against 1.55% for VT.
Holdings Overlap
We hold position weights for 3,645 holdings in VEU and 9,272 in VT, totalling 94.2% and 90.1% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3,047 positions appear in both.
3,047 positions in common, counted across the 3,645 positions we hold weights for in VEU and 9,272 in VT, against full books of 3,928 and 10,133.
Top Shared Holdings
| Stock | Weight in VEU | Weight in VT | Difference |
|---|---|---|---|
| 2330:SAAdvanced Petrochemical Co | 4.39% | 0.00% | 4.39% |
| ASML:ASAsml Holding Nv | 1.56% | 0.55% | 1.01% |
| 0700:HKTencent Holdings, Ltd. | 0.93% | 0.33% | 0.60% |
| HSBA:LNHsbc Securities Inc | 0.89% | 0.31% | 0.58% |
| MKLMarkel Group Inc | 0.57% | 0.56% | 0.01% |
| RY:CARoyal Bank Of Canada | 0.72% | 0.25% | 0.47% |
| NOVN:SMNovartis Ag – Class N | 0.71% | 0.25% | 0.46% |
| 9988:HKAlibaba Group Holding Ltd | 0.68% | 0.24% | 0.44% |
| SHELShell Plc | 0.63% | 0.22% | 0.41% |
| NESN:SMNestle Sa | 0.63% | 0.22% | 0.41% |
You are not choosing between two funds in isolation.
Whichever of VEU and VT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, VEU or VT?
VEU has an expense ratio of 0.04% while VT charges 0.06%. VEU is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, VEU or VT?
Over the past year VEU returned +20.36% vs +17.11% for VT, so VEU leads on 1-year performance. Over the longest common window we track (18 years), VEU annualized +3.53% vs +7.22% for VT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VEU or VT?
VEU has been the more volatile fund at 17.8% annualized versus 16.6% for VT. Worst drawdown: VEU -55.5% vs VT -50.6%.
Should I hold both VEU and VT?
VEU and VT have a monthly-return correlation of 0.96, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, VEU or VT?
VEU yields 2.48% while VT yields 1.55%, so VEU currently pays the higher dividend yield.
Is VT better than VEU?
VEU has a lower expense ratio. VEU led over 1Y, VT over 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.96. Which one suits a particular account depends on what it is for. This is information, not a recommendation.