Vanguard FTSE All-World ex-US ETF (VEU)
$81.54−0.56%close of Oct 16, 2026
Vanguard FTSE All-World ex-US ETF (VEU) is an exchange-traded fund (ETF) run by Vanguard. This fund owns shares in thousands of large and medium-sized companies based outside the United States. It charges 0.04% a year. From March 2007 to October 2026 it returned about 5.3% a year, and its worst drop was −61.5%.
Written by the Tactfolio research team. Fund facts checked October 16, 2026. Prices through October 16, 2026.
- Yearly fee
- 0.04%
- about $4 on $10,000
- 1-year return
- 15.8%
- to Oct 16, 2026
- Return per year
- 5.3%
- since March 2007
- Worst drop
- −61.5%
- since 2007
- Below its high
- −5.4%
- now
- Volatility
- 21.8%
- yearly swings
- Issuer
- Vanguard
- Tracks
- FTSE All-World ex US Index
- Started trading
- March 2, 2007
- Type
- International stocks, ETF
- Holdings
- 3,810 holdings as of September 30, 2026
- Expense ratio
- 0.04% a year
How has VEU done since 2007?#
From March 2007 to October 2026, VEU returned about 5.3% a year. The S&P 500 returned about 11.0% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $27,495 at the end, with every dividend reinvested.
| Period | VEU | S&P 500 (SPY) |
|---|---|---|
| 1 month | −2.1% | 1.5% |
| 3 months | −0.6% | 1.9% |
| 6 months | 2.0% | 9.3% |
| Year to date | 11.8% | 12.8% |
| 1 year | 15.8% | 16.8% |
| 3 years per year | 19.7% | 22.0% |
| 5 years per year | 8.6% | 12.8% |
| 10 years per year | 9.4% | 15.4% |
| Since 2007 per year | 5.3% | 11.0% |
Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.
VEU returns by month and year#
VEU rose in 135 of its 236 months (57%). Its best month was May 2009, at 15.2%. Its worst was October 2008, at −22.8%.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.8% | 5.7 | 5.3 | −8.1 | 7.8 | 3.8 | 0.2 | −1.1 | 2.9 | −2.4 | −1.7 | ||
| 2025 | 32.4% | 3.4 | 2.1 | 0.4 | 2.8 | 4.6 | 3.8 | −0.9 | 4.1 | 3.4 | 1.8 | 0.4 | 2.6 |
| 2024 | 5.6% | −1.7 | 3.2 | 3.4 | −2.5 | 4.0 | −0.6 | 2.5 | 2.6 | 2.6 | −4.5 | −0.4 | −2.6 |
| 2023 | 15.8% | 8.7 | −4.4 | 2.8 | 1.9 | −3.4 | 4.5 | 3.8 | −4.4 | −3.4 | −3.2 | 8.2 | 4.9 |
| 2022 | −15.6% | −2.4 | −3.1 | −0.5 | −6.5 | 1.6 | −7.7 | 3.4 | −4.4 | −9.7 | 3.4 | 13.2 | −2.2 |
| 2021 | 8.3% | 0.4 | 2.1 | 1.7 | 2.6 | 3.2 | −0.5 | −1.4 | 1.5 | −3.3 | 2.7 | −4.3 | 3.7 |
| 2020 | 11.1% | −3.4 | −6.6 | −15.1 | 6.8 | 4.7 | 4.4 | 3.9 | 4.4 | −1.7 | −2.1 | 12.6 | 5.7 |
| 2019 | 21.8% | 7.6 | 1.6 | 1.0 | 2.9 | −5.5 | 5.9 | −1.8 | −2.4 | 2.8 | 3.5 | 1.1 | 4.2 |
| 2018 | −14.2% | 5.7 | −5.3 | −0.4 | 0.6 | −2.0 | −2.1 | 2.9 | −2.3 | 0.5 | −8.3 | 1.5 | −4.9 |
| 2017 | 27.4% | 4.1 | 1.3 | 3.0 | 2.1 | 3.1 | 0.5 | 3.4 | 0.6 | 1.8 | 2.0 | 0.6 | 2.1 |
| 2016 | 4.9% | −5.6 | −2.4 | 8.3 | 2.1 | −0.8 | −0.7 | 4.3 | 0.7 | 1.6 | −1.7 | −2.1 | 1.9 |
| 2015 | −4.8% | 0.0 | 5.9 | −1.4 | 4.7 | −1.0 | −2.8 | −0.3 | −7.7 | −4.0 | 6.7 | −1.3 | −2.5 |
| 2014 | −4.5% | −5.8 | 5.6 | 0.5 | 1.5 | 1.9 | 1.7 | −1.5 | 1.0 | −4.9 | 0.2 | −0.3 | −3.9 |
| 2013 | 14.1% | 2.4 | −1.4 | 0.6 | 3.8 | −3.3 | −3.6 | 4.7 | −2.0 | 7.6 | 3.3 | 0.3 | 1.5 |
| 2012 | 18.9% | 6.9 | 5.3 | −0.9 | −1.8 | −11.4 | 6.5 | 0.5 | 2.7 | 3.5 | 0.8 | 1.8 | 5.1 |
| 2011 | −14.0% | 0.8 | 2.7 | −0.2 | 5.5 | −3.2 | −1.1 | −2.4 | −8.5 | −13.0 | 11.5 | −2.6 | −2.4 |
| 2010 | 11.8% | −5.8 | 1.3 | 6.7 | −1.8 | −10.9 | −1.3 | 10.8 | −3.4 | 10.6 | 3.6 | −4.1 | 8.1 |
| 2009 | 37.6% | −13.0 | −9.2 | 10.1 | 13.2 | 15.2 | −2.1 | 10.6 | 2.9 | 5.7 | −3.2 | 4.9 | 1.4 |
| 2008 | −43.4% | −7.7 | −0.2 | −0.1 | 5.9 | 1.4 | −8.4 | −3.7 | −5.1 | −12.5 | −22.8 | −6.8 | 8.5 |
| 2007 | 16.0% | 3.5 | 4.0 | 3.3 | 0.7 | −1.2 | −0.2 | 6.2 | 6.4 | −5.0 | −2.0 |
Each month runs from the last close of the month before. The first month counts from the first close.
How risky is VEU compared with the S&P 500?#
Measured from October 2021 to October 2026, on the days both traded.
- Beta 0.77. When the S&P 500 moved 1% in a day, VEU tended to move about 0.77%.
- Correlation 0.80. VEU mostly moved with the S&P 500.
- Up and down months. In months the S&P 500 rose, VEU rose 78% as much on average. In months it fell, VEU fell 83% as much.
| Measure | VEU | S&P 500 (SPY) |
|---|---|---|
| Return per year | 8.7% | 12.8% |
| Volatility | 16.4% | 17.1% |
| Worst drop | −28.5% | −24.5% |
| Sharpe ratio | 0.59 | 0.79 |
| Sortino ratio | 0.87 | 1.15 |
| Calmar ratio | 0.31 | 0.52 |
Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.
Is VEU above its 200-day average?#
VEU closed 1.0% above its 200-day average on October 16, 2026. A rule that holds VEU only above that average would hold it today.
- vs 200-day average
- +1.0%
- above it
- 50-day vs 200-day
- +4.3%
- trend rising
- vs 52-week high
- −5.4%
- high of $86.21
A moving average is the average close over the last so many days. Trend rules such as the 10-month moving average strategy hold a fund only while it is above one. You can build that rule for VEU and backtest it in a minute.
What was VEU’s worst drop?#
A drawdown is how far a fund falls from its last high point. VEU’s worst fall was −61.5%, from October 31, 2007 to March 9, 2009. It got back to that high on July 1, 2014. On October 16, 2026 it was 5.4% below its highest close.
| Drop | From the high | To the bottom | Back to the high |
|---|---|---|---|
| −61.5% | Oct 31, 2007 | Mar 9, 200916 months | Jul 1, 20145.3 years |
| −35.0% | Jan 26, 2018 | Mar 23, 20202.2 years | Nov 11, 20208 months |
| −29.3% | Jun 14, 2021 | Oct 12, 202216 months | May 9, 202419 months |
| −25.0% | Jul 3, 2014 | Feb 11, 201619 months | May 2, 201715 months |
| −13.7% | Mar 19, 2025 | Apr 8, 202520 days | May 2, 202524 days |
Big drops are normal for some funds. They matter because selling during a drop locks in the loss.
What does VEU hold?#
This fund owns shares in thousands of large and medium-sized companies based outside the United States. It includes developed countries, like Japan and the United Kingdom, and emerging markets, like China and India. It leaves out most small companies.
It tracks the FTSE All-World ex US Index. It had 3,810 holdings as of September 30, 2026, according to Vanguard.
What is the VEU expense ratio?#
VEU charges 0.04% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.04% fee comes to about $4 a year. Of the 162 ETFs on Tactfolio, 80% charge more.
You never get a bill for it. The fund takes the fee out of its own value a little each day.
Which Tactfolio strategies hold VEU?#
2 classic strategies hold VEU at least some of the time. Each is a set of written rules you can open, test and copy.
- Dual Momentum: Antonacci’s Global Equities Momentum (GEM), by Gary Antonacci, 2014
- Diversified Dual Momentum (Newfound Research), by Corey Hoffstein (Newfound Research), 2019
How does VEU compare with similar ETFs?#
Funds that can stand in for VEU:
- VXUS: Vanguard Total International Stock ETF, 0.05% a year
- IXUS: iShares Core MSCI Total International Stock ETF, 0.07% a year
- SCHF: Schwab International Equity ETF, 0.03% a year
- VEA: Vanguard FTSE Developed Markets ETF, 0.03% a year
See all 8 VEU alternatives, compared on the same dates as VEU.
Test VEU in your own rules#
Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add VEU, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.
The details#
Prices come from Tactfolio’s stored daily prices for VEU and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.
Fund facts come from Vanguard. We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.
Common questions#
What is the expense ratio of VEU?#
VEU charges 0.04% a year, according to Vanguard as of October 16, 2026. That is about $4 a year for every $10,000 you hold.
When did VEU start trading?#
VEU started trading on March 2, 2007. It is run by Vanguard.
What does VEU track?#
VEU tracks the FTSE All-World ex US Index. This fund owns shares in thousands of large and medium-sized companies based outside the United States.
How much has VEU returned per year?#
From March 2007 to October 2026, VEU returned about 5.3% a year with dividends reinvested. Its worst drop was −61.5%. Past returns do not tell you what it will do next.
Is VEU above its 200-day moving average?#
On October 16, 2026, VEU closed 1.0% above its 200-day moving average. This page updates after each US market close.
Which strategies use VEU?#
2 of Tactfolio’s classic strategies hold VEU, including Dual Momentum: Antonacci’s Global Equities Momentum (GEM), Diversified Dual Momentum (Newfound Research).