INTF vs. VEU

Last updated Jun 3, 2026

INTF (iShares MSCI Intl Multifactor ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds - INTF tracks the MSCI World ex USA Diversified Multi-Factor while VEU tracks the FTSE All-World ex US Index. Both are passively managed. Over the past 10 years, INTF returned 9.25%/yr vs 10.05%/yr for VEU. Their correlation of 0.91 suggests significant overlap in exposure. INTF charges 0.30%/yr vs 0.04%/yr for VEU.

Performance

INTF vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Intl Multifactor ETF (INTF) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INTF achieves a 10.41% return, which is significantly lower than VEU's 15.73% return. Over the past 10 years, INTF has underperformed VEU with an annualized return of 9.25%, while VEU has yielded a comparatively higher 10.05% annualized return.

INTF

• 1D: 0.55%
• 1M: 1.96%
• YTD: 10.41%
• 6M: 14.13%
• 1Y: 25.27%
• 3Y*: 19.86%
• 5Y*: 9.90%
• 10Y*: 9.25%

VEU

• 1D: 0.73%
• 1M: 5.19%
• YTD: 15.73%
• 6M: 18.94%
• 1Y: 33.06%
• 3Y*: 20.01%
• 5Y*: 9.10%
• 10Y*: 10.05%

*Multi-year figures are annualized to reflect compound growth (CAGR)

INTF vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
INTF iShares MSCI Intl Multifactor ETF	10.41%	35.50%	5.99%	18.25%	-12.31%	11.70%	2.83%	18.46%	-15.87%	28.46%
VEU Vanguard FTSE All-World ex-US ETF	15.73%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between INTF and VEU is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since May 5, 2015	0.91

The correlation between INTF and VEU has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.

INTF vs. VEU - Sectors Allocation Comparison

Sectors	INTF	VEU
Financial Services	25.2%	23.3%
Industrials	19.1%	15.7%
Consumer Cyclical	9.0%	8.2%
Technology	8.5%	18.5%
Healthcare	8.2%	7.1%
Basic Materials	6.6%	7.1%
Consumer Defensive	6.3%	5.1%
Energy	5.9%	5.2%
Utilities	4.7%	3.2%
Communication Services	3.9%	4.6%
Real Estate	2.7%	2.0%

Return for Risk

INTF vs. VEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

INTF

INTF Risk / Return Rank: 52
INTF Sharpe Ratio Rank: 50
INTF Sortino Ratio Rank: 49
INTF Omega Ratio Rank: 49
INTF Calmar Ratio Rank: 53
INTF Martin Ratio Rank: 59

VEU

VEU Risk / Return Rank: 64
VEU Sharpe Ratio Rank: 65
VEU Sortino Ratio Rank: 64
VEU Omega Ratio Rank: 65
VEU Calmar Ratio Rank: 60
VEU Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

INTF vs. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Multifactor ETF (INTF) and Vanguard FTSE All-World ex-US ETF (VEU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	INTF	VEU	Difference
Sharpe ratio Return per unit of total volatility	1.75	2.18	-0.43
Sortino ratio Return per unit of downside risk	2.44	3.00	-0.56
Omega ratio Gain probability vs. loss probability	1.31	1.40	-0.09
Calmar ratio Return relative to maximum drawdown	2.63	3.01	-0.38
Martin ratio Return relative to average drawdown	10.44	11.72	-1.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

INTF vs. VEU - Sharpe Ratio Comparison

The current INTF Sharpe Ratio is 1.75, which is comparable to the VEU Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of INTF and VEU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	INTF	VEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.75	2.18	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.57	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.59	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.26	+0.19

Drawdowns

INTF vs. VEU - Drawdown Comparison

The maximum INTF drawdown since its inception was -40.39%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for INTF and VEU.

Drawdown Indicators

	INTF	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-40.39%	-61.52%	+21.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	-11.43%	+1.23%
Max Drawdown (3Y) Largest decline over 3 years	-13.64%	-13.69%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-29.26%	-29.31%	+0.05%
Max Drawdown (10Y) Largest decline over 10 years	-40.39%	-34.98%	-5.41%
Current Drawdown Current decline from peak	-0.19%	0.00%	-0.19%
Average Drawdown Average peak-to-trough decline	-7.70%	-13.14%	+5.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.57%	2.93%	-0.36%

Volatility

INTF vs. VEU - Volatility Comparison

The current volatility for iShares MSCI Intl Multifactor ETF (INTF) is 4.65%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 5.57%. This indicates that INTF experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	INTF	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.65%	5.57%	-0.92%
Volatility (6M) Calculated over the trailing 6-month period	11.96%	13.01%	-1.05%
Volatility (1Y) Calculated over the trailing 1-year period	14.57%	15.28%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.16%	16.07%	+0.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.35%	17.21%	+0.14%

INTF vs. VEU - Expense Ratio Comparison

INTF has a 0.30% expense ratio, which is higher than VEU's 0.04% expense ratio.

Dividends

INTF vs. VEU - Dividend Comparison

INTF's dividend yield for the trailing twelve months is around 2.60%, which matches VEU's 2.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INTF iShares MSCI Intl Multifactor ETF	2.60%	2.87%	3.53%	3.59%	2.81%	5.38%	2.06%	3.65%	2.62%	3.26%	1.66%	0.85%
VEU Vanguard FTSE All-World ex-US ETF	2.58%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%

Frequently Asked Questions

Can I hold both INTF and VEU in my portfolio?

With a correlation of 0.95, INTF and VEU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, INTF or VEU?

VEU has higher volatility (5.57%) compared to INTF (4.65%). In terms of maximum drawdown, INTF dropped -40.39% vs VEU's -61.52%.

Which ETF is better, INTF or VEU?

On 10-year performance, VEU leads with 10.05% vs 9.25% for INTF. On fees, VEU is cheaper at 0.04% per year. On volatility, INTF has been the lower-risk option at 4.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, INTF or VEU?

Over the 10-year period, VEU has performed better with a 10.05% return vs 9.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INTF or VEU?

VEU is cheaper with a 0.04% expense ratio, compared with 0.30% for INTF.

Which ETF pays a higher dividend yield, INTF or VEU?

INTF has the higher dividend yield at 2.60%, compared with 2.58% for VEU.

What is the main difference between INTF and VEU?

INTF tracks MSCI World ex USA Diversified Multi-Factor, while VEU tracks FTSE All-World ex US Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.30% for INTF and 0.04% for VEU.

Which has better risk-adjusted returns?

VEU currently has the higher Sharpe Ratio (2.18 vs 1.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.