- ISIN
- US9220427838
- CUSIP
- 922042783
- Issuer
- Vanguard
- Inception Date
- Apr 30, 2007
- Category
- Foreign Large Cap Equities
- Min. Investment
- $5,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
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
VFWSX Performance Chart
Vanguard FTSE All-World ex-US Index Fund Institutional Shares (VFWSX) is up 16.1% since the beginning of the year. VFWSX is currently trading at $167 per share. Investors who bought $1,000 worth of VFWSX shares 5 years ago would now be looking at an investment worth $1,578.
Loading charts...
Returns By Period
Vanguard FTSE All-World ex-US Index Fund Institutional Shares (VFWSX) has returned 16.13% so far this year and 34.76% over the past 12 months. Over the last ten years, VFWSX has returned 10.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Vanguard FTSE All-World ex-US Index Fund Institutional Shares
- 1D
- 1.43%
- 1M
- 3.44%
- YTD
- 16.13%
- 6M
- 16.86%
- 1Y
- 34.76%
- 3Y*
- 18.91%
- 5Y*
- 9.55%
- 10Y*
- 10.19%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VFWSX Monthly Returns History
Based on dividend-adjusted daily data since Mar 8, 2007, VFWSX's average daily return is +0.03%, while the average monthly return is +0.59%. At this rate, an investment would double in approximately 9.8 years.
Historically, 58% of months were positive and 42% were negative. The best month was May 2009 with a return of +15.1%, while the worst month was Oct 2008 at -22.6%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VFWSX closed higher 54% of trading days. The best single day was Oct 13, 2008 with a return of +12.5%, 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 | 5.67% | 5.30% | -8.52% | 8.11% | 3.94% | 1.53% | 16.13% | ||||||
| 2025 | 3.61% | 2.00% | 0.25% | 3.01% | 4.46% | 3.70% | -1.01% | 4.15% | 3.73% | 1.68% | 0.24% | 2.73% | 32.38% |
| 2024 | -1.64% | 3.27% | 3.09% | -2.31% | 4.00% | -0.80% | 2.75% | 2.55% | 2.51% | -4.78% | -0.29% | -2.56% | 5.45% |
| 2023 | 8.44% | -4.27% | 2.82% | 1.79% | -3.37% | 4.42% | 3.77% | -4.49% | -3.23% | -3.38% | 8.39% | 4.97% | 15.59% |
| 2022 | -2.51% | -3.16% | -0.45% | -6.19% | 1.52% | -8.11% | 3.47% | -4.08% | -9.87% | 3.39% | 13.63% | -2.23% | -15.48% |
| 2021 | 0.01% | 2.21% | 1.61% | 2.59% | 3.25% | -0.55% | -1.51% | 1.71% | -3.38% | 2.59% | -4.35% | 4.05% | 8.11% |
Benchmark Metrics
Vanguard FTSE All-World ex-US Index Fund Institutional Shares has an annualized alpha of -2.14%, beta of 0.90, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since March 08, 2007.
- This fund participated in 102.62% of S&P 500 Index downside but only 87.43% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.14% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.90 and R2 of 0.78, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.14%
- Beta
- 0.90
- R²
- 0.78
- Upside Capture
- 87.43%
- Downside Capture
- 102.62%
Expense Ratio
VFWSX has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
VFWSX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard FTSE All-World ex-US Index Fund Institutional Shares (VFWSX) 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.
| VFWSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 2.78 | +0.21 |
| Martin ratioReturn relative to average drawdown | 11.60 | 12.44 | -0.84 |
Dividends
Dividend History
Vanguard FTSE All-World ex-US Index Fund Institutional Shares provided a 2.49% dividend yield over the last twelve months, with an annual payout of $4.16 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.16 | $4.46 | $3.66 | $3.66 | $3.07 | $3.70 | $2.30 | $3.28 | $2.95 | $2.88 | $2.58 | $2.55 |
Dividend yield | 2.49% | 3.08% | 3.23% | 3.31% | 3.10% | 3.06% | 1.99% | 3.10% | 3.28% | 2.67% | 2.97% | 2.97% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard FTSE All-World ex-US Index Fund Institutional 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 | $0.22 | $0.00 | $0.00 | $0.77 | $0.99 | ||||||
| 2025 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.92 | $0.00 | $0.00 | $0.69 | $0.00 | $0.00 | $2.48 | $4.46 |
| 2024 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.90 | $0.00 | $0.00 | $0.48 | $0.00 | $0.00 | $1.85 | $3.66 |
| 2023 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $1.19 | $0.00 | $0.00 | $0.59 | $0.00 | $0.00 | $1.66 | $3.66 |
| 2022 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $1.14 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $1.22 | $3.07 |
| 2021 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $1.00 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $1.66 | $3.70 |
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 Institutional 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 Institutional Shares was 61.60%, occurring on Mar 9, 2009. Recovery took 1338 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.60%Mar 2009 | 1y 4mo | 5y 3mo | 6y 8moNov 2007 - Jul 2014 |
COVID crash2020 | -34.87%Mar 2020 | 2y 1mo | 7mo 23d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -29.37%Oct 2022 | 1y 4mo | 1y 6mo | 2y 11moJun 2021 - May 2024 |
2016 bear market2016 | -24.77%Feb 2016 | 1y 7mo | 1y 2mo | 2y 10moJul 2014 - May 2017 |
2025 selloff2025 | -13.26%Apr 2025 | 19d | 24d | 1mo 13dMar 2025 - May 2025 |
Drawdown Indicators
| VFWSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.60% | -56.78% | -4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.34% | -9.10% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -13.26% | -18.90% | +5.64% |
Max Drawdown (5Y)Largest decline over 5 years | -29.17% | -25.43% | -3.74% |
Max Drawdown (10Y)Largest decline over 10 years | -34.87% | -33.92% | -0.95% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -13.22% | -10.71% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.03% | +0.89% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with VFWSX
Add Vanguard FTSE All-World ex-US Index Fund Institutional 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 VFWSX