VEU vs. VINEX
Compare and contrast key facts about Vanguard FTSE All-World ex-US ETF (VEU) and Vanguard International Explorer Fund (VINEX).
VEU is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World ex US Index. It was launched on Mar 2, 2007. VINEX is managed by Vanguard. It was launched on Nov 4, 1996.
Performance
VEU vs. VINEX - Performance Comparison
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VEU vs. VINEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEU Vanguard FTSE All-World ex-US ETF | 3.60% | 32.35% | 5.56% | 15.84% | -15.58% | 8.27% | 11.10% | 21.83% | -14.18% | 27.40% |
VINEX Vanguard International Explorer Fund | 0.25% | 27.98% | 0.11% | 15.26% | -27.56% | 9.52% | 15.07% | 21.90% | -23.02% | 35.92% |
Returns By Period
In the year-to-date period, VEU achieves a 3.60% return, which is significantly higher than VINEX's 0.25% return. Over the past 10 years, VEU has outperformed VINEX with an annualized return of 9.16%, while VINEX has yielded a comparatively lower 5.70% annualized return.
VEU
- 1D
- 1.32%
- 1M
- -5.22%
- YTD
- 3.60%
- 6M
- 7.76%
- 1Y
- 28.98%
- 3Y*
- 16.19%
- 5Y*
- 7.74%
- 10Y*
- 9.16%
VINEX
- 1D
- 3.01%
- 1M
- -8.20%
- YTD
- 0.25%
- 6M
- 1.57%
- 1Y
- 24.94%
- 3Y*
- 10.80%
- 5Y*
- 2.32%
- 10Y*
- 5.70%
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VEU vs. VINEX - Expense Ratio Comparison
VEU has a 0.07% expense ratio, which is lower than VINEX's 0.40% expense ratio.
Return for Risk
VEU vs. VINEX — Risk / Return Rank
VEU
VINEX
VEU vs. VINEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World ex-US ETF (VEU) and Vanguard International Explorer Fund (VINEX). 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.
| VEU | VINEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 1.59 | +0.10 |
Sortino ratioReturn per unit of downside risk | 2.32 | 2.12 | +0.19 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.90 | +0.67 |
Martin ratioReturn relative to average drawdown | 9.83 | 7.66 | +2.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VEU | VINEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 1.59 | +0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.14 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.33 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.47 | -0.24 |
Correlation
The correlation between VEU and VINEX is 0.90, 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.
Dividends
VEU vs. VINEX - Dividend Comparison
VEU's dividend yield for the trailing twelve months is around 2.88%, less than VINEX's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEU Vanguard FTSE All-World ex-US ETF | 2.88% | 3.09% | 3.24% | 3.32% | 3.12% | 3.08% | 2.00% | 3.10% | 3.27% | 2.66% | 2.96% | 2.95% |
VINEX Vanguard International Explorer Fund | 4.18% | 4.19% | 4.17% | 2.47% | 1.74% | 4.80% | 1.06% | 2.51% | 8.75% | 4.22% | 1.95% | 5.45% |
Drawdowns
VEU vs. VINEX - Drawdown Comparison
The maximum VEU drawdown since its inception was -61.52%, roughly equal to the maximum VINEX drawdown of -62.16%. Use the drawdown chart below to compare losses from any high point for VEU and VINEX.
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Drawdown Indicators
| VEU | VINEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.52% | -62.16% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.43% | -12.32% | +0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -42.24% | +12.93% |
Max Drawdown (10Y)Largest decline over 10 years | -34.98% | -45.46% | +10.48% |
Current DrawdownCurrent decline from peak | -7.36% | -9.68% | +2.32% |
Average DrawdownAverage peak-to-trough decline | -13.23% | -17.31% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 3.06% | -0.07% |
Volatility
VEU vs. VINEX - Volatility Comparison
Vanguard FTSE All-World ex-US ETF (VEU) has a higher volatility of 7.65% compared to Vanguard International Explorer Fund (VINEX) at 7.26%. This indicates that VEU's price experiences larger fluctuations and is considered to be riskier than VINEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEU | VINEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.65% | 7.26% | +0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 10.92% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 15.77% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 16.90% | -1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 17.10% | +0.03% |