VEU vs VV
Vanguard FTSE All World Ex US ETF vs Vanguard Morningstar Large-Cap ETF
Which is better, VEU or VV?
Each has led over a different period.
VV has a lower expense ratio. VEU led over 1Y, VV over 3Y, 5Y and the full window.
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 | VV |
|---|---|---|
| Expense Ratio | 0.04% | 0.03%Best |
| AUM | $68.4B | $52.6B |
| Dividend Yield | 2.48% | 0.99% |
| Holdings | 3,928 | 437 |
| YTD Return | +14.63%Best | +14.17% |
| 1Y Return | +22.08%Best | +17.04% |
| 3Y Return (annualized) | +20.78% | +23.40%Best |
| 5Y Return (annualized) | +9.82% | +13.44%Best |
| Volatility (annualized) | 17.7% | 15.7%Best |
| Max Drawdown | -62.8% | -56.0%Best |
| $10,000 over 5 years | $15,974 | $18,786Best |
| Fund Family | Vanguard (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 2, 2007 | Jan 27, 2004 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 8, 2007 to Sep 21, 2026 (19.5 years).
VEU vs VV 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 19.5 years both funds cover.
VEU vs VV Performance
Vanguard FTSE All World Ex US ETF (VEU) is an ETF from Vanguard (US) and Vanguard Morningstar Large-Cap ETF (VV) is an ETF from Vanguard (US). Over the past year VEU returned +22.08% while VV returned +17.04%. Year to date, VEU is up 14.63% versus a gain of 14.17% for VV.
Over three years, VEU compounded at +20.78% per year against +23.40% for VV; over five years the annualized figures are +9.82% and +13.44% respectively. Across the full 20-year window we track, VV has the edge at +9.75% annualized vs +3.54%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VEU has been the more volatile fund, with annualized monthly volatility of 17.7% compared with 15.7% for VV. 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 -56.0% for VV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
VEU charges 0.04% per year while VV charges 0.03%. On a $10,000 position that is $4 vs $3 annually, a gap of $1 per year that compounds over a long holding period. On income, VEU currently yields 2.48% against 0.99% for VV.
Holdings Overlap
At least 0.3% of VV's money is in holdings VEU also owns.
Stated as a floor: for VEU, our book for it covers 94.2% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
6 positions in common, counted across the 3,645 positions we hold weights for in VEU and 431 in VV, against full books of 3,928 and 437.
You are not choosing between two funds in isolation.
Whichever of VEU and VV 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 VV?
VEU has an expense ratio of 0.04% while VV charges 0.03%. VV is the cheaper option, by $1 a year on a $10,000 investment.
Which performed better, VEU or VV?
Over the past year VEU returned +22.08% vs +17.04% for VV, so VEU leads on 1-year performance. Over the longest common window we track (20 years), VEU annualized +3.54% vs +9.75% for VV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, VEU or VV?
VEU has been the more volatile fund at 17.7% annualized versus 15.7% for VV. Worst drawdown: VEU -62.8% vs VV -56.0%.
Should I hold both VEU and VV?
VEU and VV have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, VEU or VV?
VEU yields 2.48% while VV yields 0.99%, so VEU currently pays the higher dividend yield.
Is VV better than VEU?
VV has a lower expense ratio. VEU led over 1Y, VV over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.