- Issuer
- Vanguard
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Vanguard All-World ex-US Shares Index Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
VEU.AX Performance Chart
Vanguard All-World ex-US Shares Index ETF (VEU.AX) is up 8.2% since the beginning of the year. VEU.AX is currently trading at A$119 per share. Investors who bought A$1,000 worth of VEU.AX shares 5 years ago would now be looking at an investment worth A$1,661.
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Returns By Period
Vanguard All-World ex-US Shares Index ETF (VEU.AX) has returned 8.18% so far this year and 18.44% over the past 12 months. Over the last ten years, VEU.AX has returned 10.36% per year, falling short of the S&P 500 Index benchmark, which averaged 14.27% annually.
Vanguard All-World ex-US Shares Index ETF
- 1D
- -0.73%
- 1M
- -1.21%
- 6M
- 4.42%
- YTD
- 8.18%
- 1Y
- 18.44%
- 3Y*
- 17.07%
- 5Y*
- 10.68%
- 10Y*
- 10.36%
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
VEU.AX Monthly Returns History
Based on dividend-adjusted daily data since May 8, 2009, VEU.AX's average daily return is +0.03%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2020 with a return of +8.6%, while the worst month was Mar 2020 at -11.0%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 7 months.
On a daily basis, VEU.AX closed higher 53% of trading days. The best single day was Feb 20, 2012 with a return of +4.6%, while the worst single day was Jun 24, 2016 at -5.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.79% | 2.93% | -7.71% | 4.04% | 6.28% | 3.66% | -2.39% | 8.18% | |||||
| 2025 | 4.25% | 0.83% | -0.44% | 0.81% | 4.76% | 1.61% | 1.48% | 2.14% | 1.70% | 3.36% | 0.10% | 0.57% | 23.17% |
| 2024 | 2.82% | 3.71% | 3.12% | -1.25% | 0.70% | 0.34% | 3.91% | -1.28% | 1.68% | -0.23% | -0.27% | 2.56% | 16.80% |
| 2023 | 2.90% | 1.35% | 2.21% | 3.13% | -1.01% | 1.88% | 3.74% | -0.64% | -2.78% | -2.72% | 4.26% | 1.83% | 14.76% |
| 2022 | -0.58% | -5.58% | -1.26% | -2.05% | 0.18% | -4.45% | 1.75% | -1.33% | -4.96% | 4.65% | 6.25% | -0.71% | -8.44% |
| 2021 | 1.10% | -0.30% | 3.64% | 1.28% | 3.18% | 2.92% | -0.34% | 2.72% | -1.17% | -2.21% | 2.05% | 0.63% | 14.15% |
Benchmark Metrics
Vanguard All-World ex-US Shares Index ETF has an annualized alpha of 6.31%, beta of 0.11, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since May 08, 2009.
- This ETF participated in 71.60% of S&P 500 Index downside but only 55.45% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.11 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 6.31%
- Beta
- 0.11
- R²
- 0.02
- Upside Capture
- 55.45%
- Downside Capture
- 71.60%
Return for Risk
Risk / Return Rank
VEU.AX ranks 51 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard All-World ex-US Shares Index ETF (VEU.AX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VEU.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.24 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.11 | +0.72 |
| Martin ratioReturn relative to average drawdown | 7.08 | 3.10 | +3.98 |
Dividends
Dividend History
Vanguard All-World ex-US Shares Index ETF provided a 2.65% dividend yield over the last twelve months, with an annual payout of A$3.14 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$3.14 | A$3.43 | A$3.41 | A$3.50 | A$2.49 | A$2.61 | A$1.77 | A$2.43 | A$1.06 | A$0.61 | A$0.64 | A$0.73 |
Dividend yield | 2.65% | 3.11% | 3.69% | 4.26% | 3.33% | 3.09% | 2.32% | 3.17% | 1.63% | 0.87% | 1.05% | 1.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard All-World ex-US Shares Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | A$0.00 | A$0.00 | A$0.16 | A$0.00 | A$0.00 | A$0.56 | A$0.00 | A$0.72 | |||||
| 2025 | A$0.00 | A$0.00 | A$0.30 | A$0.00 | A$0.00 | A$0.71 | A$0.00 | A$0.00 | A$0.54 | A$0.00 | A$0.00 | A$1.88 | A$3.43 |
| 2024 | A$0.00 | A$0.00 | A$0.51 | A$0.00 | A$0.00 | A$1.04 | A$0.00 | A$0.00 | A$0.36 | A$0.00 | A$0.00 | A$1.50 | A$3.41 |
| 2023 | A$0.00 | A$0.00 | A$0.17 | A$0.00 | A$0.00 | A$1.37 | A$0.00 | A$0.00 | A$0.71 | A$0.00 | A$0.00 | A$1.25 | A$3.50 |
| 2022 | A$0.00 | A$0.00 | A$0.12 | A$0.00 | A$0.00 | A$0.89 | A$0.00 | A$0.00 | A$0.60 | A$0.00 | A$0.00 | A$0.88 | A$2.49 |
| 2021 | A$0.00 | A$0.00 | A$0.18 | A$0.00 | A$0.00 | A$0.78 | A$0.00 | A$0.00 | A$0.66 | A$0.00 | A$0.00 | A$0.99 | A$2.61 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard All-World ex-US Shares Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard All-World ex-US Shares Index ETF was 23.05%, occurring on Mar 23, 2020. Recovery took 210 trading sessions.
The current Vanguard All-World ex-US Shares Index ETF drawdown is 2.39%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-23.05%Mar 2020 | 1mo 12d | 10mo 2d | 11mo 14dFeb 2020 - Jan 2021 | COVID crash2020 |
-20.88%Jul 2012 | 2y 6mo | 9mo 15d | 3y 4moDec 2009 - May 2013 | — |
-18.99%Feb 2016 | 6mo 25d | 1y 2mo | 1y 9moJul 2015 - Apr 2017 | — |
-18.46%Sep 2022 | 10mo 19d | 9mo 6d | 1y 7moNov 2021 - Jul 2023 | Bear market2022 |
-12.65%Dec 2018 | 7mo 13d | 4mo | 11mo 13dMay 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| VEU.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.05% | -41.07% | +18.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.87% | -11.69% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -9.87% | -17.74% | +7.87% |
Max Drawdown (5Y)Largest decline over 5 years | -18.46% | -22.01% | +3.55% |
Max Drawdown (10Y)Largest decline over 10 years | -23.05% | -24.71% | +1.66% |
Current DrawdownCurrent decline from peak | -2.39% | -0.60% | -1.79% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -11.02% | +5.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 4.20% | -1.60% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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