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VEU vs. VEA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VEU and VEA is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.8

Performance

VEU vs. VEA - Performance Comparison

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

60.00%70.00%80.00%90.00%December2025FebruaryMarchAprilMay
87.09%
92.20%
VEU
VEA

Key characteristics

Sharpe Ratio

VEU:

0.88

VEA:

0.84

Sortino Ratio

VEU:

1.34

VEA:

1.29

Omega Ratio

VEU:

1.18

VEA:

1.17

Calmar Ratio

VEU:

1.09

VEA:

1.08

Martin Ratio

VEU:

3.42

VEA:

3.26

Ulcer Index

VEU:

4.37%

VEA:

4.45%

Daily Std Dev

VEU:

16.92%

VEA:

17.27%

Max Drawdown

VEU:

-61.52%

VEA:

-60.69%

Current Drawdown

VEU:

0.00%

VEA:

0.00%

Returns By Period

In the year-to-date period, VEU achieves a 11.26% return, which is significantly lower than VEA's 12.84% return. Over the past 10 years, VEU has underperformed VEA with an annualized return of 5.26%, while VEA has yielded a comparatively higher 5.65% annualized return.


VEU

YTD

11.26%

1M

13.51%

6M

7.47%

1Y

12.03%

5Y*

11.67%

10Y*

5.26%

VEA

YTD

12.84%

1M

14.50%

6M

8.92%

1Y

11.84%

5Y*

12.46%

10Y*

5.65%

*Annualized

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VEU vs. VEA - Expense Ratio Comparison

VEU has a 0.07% expense ratio, which is higher than VEA's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for VEU: current value is 0.07%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VEU: 0.07%
Expense ratio chart for VEA: current value is 0.05%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VEA: 0.05%

Risk-Adjusted Performance

VEU vs. VEA — Risk-Adjusted Performance Rank

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

VEU
The Risk-Adjusted Performance Rank of VEU is 7474
Overall Rank
The Sharpe Ratio Rank of VEU is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of VEU is 7373
Sortino Ratio Rank
The Omega Ratio Rank of VEU is 7171
Omega Ratio Rank
The Calmar Ratio Rank of VEU is 8181
Calmar Ratio Rank
The Martin Ratio Rank of VEU is 7373
Martin Ratio Rank

VEA
The Risk-Adjusted Performance Rank of VEA is 7272
Overall Rank
The Sharpe Ratio Rank of VEA is 7171
Sharpe Ratio Rank
The Sortino Ratio Rank of VEA is 7171
Sortino Ratio Rank
The Omega Ratio Rank of VEA is 6969
Omega Ratio Rank
The Calmar Ratio Rank of VEA is 8181
Calmar Ratio Rank
The Martin Ratio Rank of VEA is 7171
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VEU vs. VEA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US ETF (VEU) and Vanguard FTSE Developed Markets ETF (VEA). 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.


The chart of Sharpe ratio for VEU, currently valued at 0.88, compared to the broader market-1.000.001.002.003.004.00
VEU: 0.88
VEA: 0.84
The chart of Sortino ratio for VEU, currently valued at 1.34, compared to the broader market-2.000.002.004.006.008.00
VEU: 1.34
VEA: 1.29
The chart of Omega ratio for VEU, currently valued at 1.18, compared to the broader market0.501.001.502.002.50
VEU: 1.18
VEA: 1.17
The chart of Calmar ratio for VEU, currently valued at 1.09, compared to the broader market0.002.004.006.008.0010.0012.00
VEU: 1.09
VEA: 1.08
The chart of Martin ratio for VEU, currently valued at 3.42, compared to the broader market0.0020.0040.0060.00
VEU: 3.42
VEA: 3.26

The current VEU Sharpe Ratio is 0.88, which is comparable to the VEA Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of VEU and VEA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.50December2025FebruaryMarchAprilMay
0.88
0.84
VEU
VEA

Dividends

VEU vs. VEA - Dividend Comparison

VEU's dividend yield for the trailing twelve months is around 2.88%, which matches VEA's 2.90% yield.


TTM20242023202220212020201920182017201620152014
VEU
Vanguard FTSE All-World ex-US ETF
2.88%3.24%3.32%3.12%3.07%2.00%3.10%3.27%2.66%2.96%2.95%3.52%
VEA
Vanguard FTSE Developed Markets ETF
2.90%3.35%3.15%2.91%3.16%2.04%3.04%3.35%2.77%3.05%2.92%3.68%

Drawdowns

VEU vs. VEA - Drawdown Comparison

The maximum VEU drawdown since its inception was -61.52%, roughly equal to the maximum VEA drawdown of -60.69%. Use the drawdown chart below to compare losses from any high point for VEU and VEA. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%December2025FebruaryMarchAprilMay00
VEU
VEA

Volatility

VEU vs. VEA - Volatility Comparison

Vanguard FTSE All-World ex-US ETF (VEU) and Vanguard FTSE Developed Markets ETF (VEA) have volatilities of 11.07% and 11.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%December2025FebruaryMarchAprilMay
11.07%
11.30%
VEU
VEA