VEU vs. VTEX

Last updated Aug 4, 2026

VEU (Vanguard FTSE All-World ex-US ETF) is Foreign Large Cap Equities fund tracking the FTSE All-World ex US Index, while VTEX (VTEX) is a stock. Over the past 5 years, VEU returned 9.01%/yr vs -31.48%/yr for VTEX. Their 0.35 correlation means their historical movements had little consistent relationship.

Performance

VEU vs. VTEX - Performance Comparison

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

Returns By Period

In the year-to-date period, VEU achieves a 13.83% return, which is significantly lower than VTEX's 17.02% return.

VEU

• 1D: 0.45%
• 1M: 0.29%
• 6M: 7.13%
• YTD: 13.83%
• 1Y: 28.98%
• 3Y*: 18.48%
• 5Y*: 9.01%
• 10Y*: 9.63%
• ALL TIME*: 5.48%

VTEX

• 1D: 2.09%
• 1M: 6.28%
• 6M: 39.24%
• YTD: 17.02%
• 1Y: -24.01%
• 3Y*: -5.60%
• 5Y*: -31.48%
• 10Y*: —
• ALL TIME*: -29.24%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
VEU Vanguard FTSE All-World ex-US ETF	$232.81M	$239.63M	$222.48M
VTEX VTEX	$4.03M	$3.60M	$5.45M

VEU vs. VTEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
VEU Vanguard FTSE All-World ex-US ETF	13.83%	32.35%	5.56%	15.84%	-15.58%	1.15%
VTEX VTEX	17.02%	-36.16%	-14.39%	83.47%	-65.02%	-57.29%

Correlation

The correlation between VEU and VTEX is 0.19, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.19
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (5Y) Shows whether the relationship held over a longer period.	0.35
Correlation (All Time) Calculated using the full available price history since Jul 21, 2021	0.35

The correlation between VEU and VTEX shifts across timeframes, from 0.19 (1 year) to 0.35 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

VEU vs. VTEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VEU

VEU Risk / Return Rank: 73
VEU Sharpe Ratio Rank: 74
VEU Sortino Ratio Rank: 73
VEU Omega Ratio Rank: 75
VEU Calmar Ratio Rank: 72
VEU Martin Ratio Rank: 74

VTEX

VTEX Risk / Return Rank: 26
VTEX Sharpe Ratio Rank: 23
VTEX Sortino Ratio Rank: 25
VTEX Omega Ratio Rank: 24
VTEX Calmar Ratio Rank: 27
VTEX Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VEU vs. VTEX - Risk-Adjusted Trends Comparison

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

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.

	VEU	VTEX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	-0.45	+2.17
Sortino ratio: Return per unit of downside risk	2.38	-0.29	+2.67
Omega ratio: Gain probability vs. loss probability	1.32	0.96	+0.36
Calmar ratio: Return relative to maximum drawdown	2.55	-0.47	+3.01
Martin ratio: Return relative to average drawdown	9.31	-0.70	+10.01

VEU vs. VTEX - Sharpe Ratio Comparison

The current VEU Sharpe Ratio is 1.72, which is higher than the VTEX Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of VEU and VTEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VEU vs. VTEX - Drawdown Comparison

The maximum VEU drawdown since its inception was -61.52%, smaller than the maximum VTEX drawdown of -91.38%. Use the drawdown chart below to compare losses from any high point for VEU and VTEX.

Drawdown Indicators

	VEU	VTEX	Difference
Max Drawdown Largest peak-to-trough decline	-61.52%	-91.38%	+29.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-51.52%	+40.09%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-69.50%	+55.81%
Max Drawdown (5Y) Largest decline over 5 years	-29.14%	-91.38%	+62.24%
Max Drawdown (10Y) Largest decline over 10 years	-34.98%	—	—
Current Drawdown Current decline from peak	-2.36%	-86.36%	+84.00%
Average Drawdown Average peak-to-trough decline	-13.04%	-79.27%	+66.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	34.43%	-31.31%

Volatility

VEU vs. VTEX - Volatility Comparison

The current volatility for Vanguard FTSE All-World ex-US ETF (VEU) is 5.32%, while VTEX (VTEX) has a volatility of 13.94%. This indicates that VEU experiences smaller price fluctuations and is considered to be less risky than VTEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEU	VTEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	13.94%	-8.62%
Volatility (6M) Calculated over the trailing 6-month period	15.02%	36.24%	-21.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.96%	53.96%	-37.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.37%	60.38%	-44.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.08%	60.96%	-43.88%

Dividends

VEU vs. VTEX - Dividend Comparison

VEU's dividend yield for the trailing twelve months is around 2.54%, while VTEX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEU Vanguard FTSE All-World ex-US ETF	2.54%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%
VTEX VTEX	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VEU and VTEX in my portfolio?

VEU and VTEX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VEU or VTEX?

VTEX has higher volatility (13.94%) compared to VEU (5.32%). In terms of maximum drawdown, VEU dropped -61.52% vs VTEX's -91.38%.

Which has better risk-adjusted returns?

VEU currently has the higher Sharpe Ratio (1.72 vs -0.45), 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.