- ISIN
- US9219377366
- CUSIP
- 921937736
- Issuer
- Vanguard
- Inception Date
- Sep 27, 2011
- Category
- Foreign Large Cap Equities
- Min. Investment
- $3,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $91B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
VFWAX Performance Chart
Vanguard FTSE All-World ex-US Index Fund Admiral Shares (VFWAX) is up 14.9% since the beginning of the year. VFWAX is currently trading at $52 per share. Investors who bought $1,000 worth of VFWAX shares 5 years ago would now be looking at an investment worth $1,517.
Loading charts...
Returns By Period
Vanguard FTSE All-World ex-US Index Fund Admiral Shares (VFWAX) has returned 14.86% so far this year and 31.32% over the past 12 months. Over the last ten years, VFWAX has returned 9.86% per year, falling short of the S&P 500 Index benchmark, which averaged 13.33% annually.
Vanguard FTSE All-World ex-US Index Fund Admiral Shares
- 1D
- 0.00%
- 1M
- 2.36%
- YTD
- 14.86%
- 6M
- 17.13%
- 1Y
- 31.32%
- 3Y*
- 19.80%
- 5Y*
- 8.69%
- 10Y*
- 9.86%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.64%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 23.05%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
VFWAX Monthly Returns History
Based on dividend-adjusted daily data since Sep 27, 2011, VFWAX's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, an investment would double in approximately 7.7 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2022 with a return of +13.6%, while the worst month was Mar 2020 at -15.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, VFWAX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +8.0%, while the worst single day was Mar 12, 2020 at -10.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.69% | 5.28% | -8.50% | 8.09% | 3.94% | 0.42% | 14.86% | ||||||
| 2025 | 3.59% | 2.00% | 0.24% | 3.03% | 4.46% | 3.69% | -1.01% | 4.14% | 3.73% | 1.67% | 0.24% | 2.72% | 32.32% |
| 2024 | -1.66% | 3.29% | 3.08% | -2.31% | 3.99% | -0.81% | 2.75% | 2.54% | 2.54% | -4.80% | -0.29% | -2.55% | 5.43% |
| 2023 | 8.45% | -4.28% | 2.81% | 1.77% | -3.37% | 4.42% | 3.79% | -4.50% | -3.23% | -3.38% | 8.38% | 4.98% | 15.55% |
| 2022 | -2.52% | -3.17% | -0.44% | -6.21% | 1.52% | -8.11% | 3.46% | -4.06% | -9.88% | 3.38% | 13.63% | -2.22% | -15.51% |
| 2021 | -0.00% | 2.20% | 1.61% | 2.58% | 3.26% | -0.58% | -1.50% | 1.70% | -3.39% | 2.59% | -4.35% | 4.06% | 8.08% |
Benchmark Metrics
Vanguard FTSE All-World ex-US Index Fund Admiral Shares has an annualized alpha of -2.12%, beta of 0.80, and R2 of 0.72 versus S&P 500 Index. Calculated based on daily prices since September 28, 2011.
- This fund participated in 95.21% of S&P 500 Index downside but only 75.44% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.12% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -2.12%
- Beta
- 0.80
- R²
- 0.72
- Upside Capture
- 75.44%
- Downside Capture
- 95.21%
Expense Ratio
VFWAX has an expense ratio of 0.11%, which is considered low.
Return for Risk
Risk / Return Rank
VFWAX ranks 58 for risk / return — on par with similar mutual funds. 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 FTSE All-World ex-US Index Fund Admiral Shares (VFWAX) and compare them to S&P 500 Index.
| VFWAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.36 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.69 | +0.14 |
| Martin ratioReturn relative to average drawdown | 11.13 | 12.34 | -1.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Vanguard FTSE All-World ex-US Index Fund Admiral Shares provided a 2.57% dividend yield over the last twelve months, with an annual payout of $1.35 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.35 | $1.40 | $1.14 | $1.15 | $0.96 | $1.16 | $0.71 | $1.03 | $0.92 | $0.91 | $0.81 | $0.80 |
Dividend yield | 2.57% | 3.05% | 3.20% | 3.28% | 3.07% | 3.03% | 1.97% | 3.07% | 3.24% | 2.67% | 2.96% | 2.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard FTSE All-World ex-US Index Fund Admiral Shares. 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 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.07 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.78 | $1.40 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.58 | $1.14 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.52 | $1.15 |
| 2022 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.36 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.38 | $0.96 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.52 | $1.16 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard FTSE All-World ex-US Index Fund Admiral Shares. 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 FTSE All-World ex-US Index Fund Admiral Shares was 34.93%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.
The current Vanguard FTSE All-World ex-US Index Fund Admiral Shares drawdown is 0.79%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -34.93%Mar 2020 | 2y 1mo | 7mo 23d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -29.40%Oct 2022 | 1y 4mo | 1y 6mo | 2y 11moJun 2021 - May 2024 |
2016 bear market2016 | -24.79%Feb 2016 | 1y 7mo | 1y 2mo | 2y 10moJul 2014 - May 2017 |
2012 correction2012 | -16.79%Jun 2012 | 7mo 7d | 6mo 8d | 1y 1moOct 2011 - Dec 2012 |
2025 selloff2025 | -13.25%Apr 2025 | 19d | 24d | 1mo 13dMar 2025 - May 2025 |
Drawdown Indicators
| VFWAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.93% | -56.78% | +21.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -9.10% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -13.25% | -18.90% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -29.40% | -25.43% | -3.97% |
Max Drawdown (10Y)Largest decline over 10 years | -34.93% | -33.92% | -1.01% |
Current DrawdownCurrent decline from peak | -0.79% | -2.97% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -10.72% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.88% | 1.97% | +0.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with VFWAX
Add Vanguard FTSE All-World ex-US Index Fund Admiral Shares to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with VFWAX