VEU vs. VTV

Last updated Jun 4, 2026

VEU (Vanguard FTSE All-World ex-US ETF) and VTV (Vanguard Value ETF) are both exchange-traded funds - VEU is a Foreign Large Cap Equities fund tracking the FTSE All-World ex US Index, while VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Both are passively managed. Over the past 10 years, VEU returned 9.94%/yr vs 12.48%/yr for VTV. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.04% expense ratio.

Performance

VEU vs. VTV - 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 Value ETF (VTV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEU achieves a 14.60% return, which is significantly higher than VTV's 12.30% return. Over the past 10 years, VEU has underperformed VTV with an annualized return of 9.94%, while VTV has yielded a comparatively higher 12.48% annualized return.

VEU

• 1D: -0.98%
• 1M: 5.07%
• YTD: 14.60%
• 6M: 17.34%
• 1Y: 32.37%
• 3Y*: 19.62%
• 5Y*: 8.67%
• 10Y*: 9.94%

VTV

• 1D: 0.01%
• 1M: 4.23%
• YTD: 12.30%
• 6M: 13.12%
• 1Y: 26.25%
• 3Y*: 18.28%
• 5Y*: 11.24%
• 10Y*: 12.48%

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

VEU vs. VTV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEU Vanguard FTSE All-World ex-US ETF	14.60%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%
VTV Vanguard Value ETF	12.30%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%

Correlation

The correlation between VEU and VTV is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Mar 9, 2007	0.80

The correlation between VEU and VTV shifts across timeframes, from 0.66 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

VEU vs. VTV - Sectors Allocation Comparison

Sectors	VEU	VTV
Financial Services	23.3%	22.3%
Technology	18.5%	13.4%
Industrials	15.7%	14.0%
Consumer Cyclical	8.2%	4.0%
Basic Materials	7.1%	3.1%
Healthcare	7.1%	14.5%
Energy	5.2%	8.1%
Consumer Defensive	5.1%	9.4%
Communication Services	4.6%	3.3%
Utilities	3.2%	5.2%
Real Estate	2.0%	2.8%

Return for Risk

VEU vs. VTV — Risk / Return Rank

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

VEU

VEU Risk / Return Rank: 60
VEU Sharpe Ratio Rank: 62
VEU Sortino Ratio Rank: 61
VEU Omega Ratio Rank: 62
VEU Calmar Ratio Rank: 56
VEU Martin Ratio Rank: 61

VTV

VTV Risk / Return Rank: 79
VTV Sharpe Ratio Rank: 78
VTV Sortino Ratio Rank: 82
VTV Omega Ratio Rank: 77
VTV Calmar Ratio Rank: 79
VTV Martin Ratio Rank: 79

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.

VEU vs. VTV - 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 Value ETF (VTV). 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	VTV	Difference
Sharpe ratio: Return per unit of total volatility	2.13	2.61	-0.48
Sortino ratio: Return per unit of downside risk	2.94	3.74	-0.80
Omega ratio: Gain probability vs. loss probability	1.39	1.47	-0.08
Calmar ratio: Return relative to maximum drawdown	2.85	4.15	-1.31
Martin ratio: Return relative to average drawdown	11.06	15.69	-4.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEU vs. VTV - Sharpe Ratio Comparison

The current VEU Sharpe Ratio is 2.13, which is comparable to the VTV Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of VEU and VTV, 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

	VEU	VTV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.13	2.61	-0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.81	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.75	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.51	-0.26

Drawdowns

VEU vs. VTV - Drawdown Comparison

The maximum VEU drawdown since its inception was -61.52%, roughly equal to the maximum VTV drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for VEU and VTV.

Drawdown Indicators

	VEU	VTV	Difference
Max Drawdown Largest peak-to-trough decline	-61.52%	-59.27%	-2.25%
Max Drawdown (1Y) Largest decline over 1 year	-11.43%	-6.35%	-5.08%
Max Drawdown (3Y) Largest decline over 3 years	-13.69%	-14.52%	+0.83%
Max Drawdown (5Y) Largest decline over 5 years	-29.31%	-17.04%	-12.27%
Max Drawdown (10Y) Largest decline over 10 years	-34.98%	-36.78%	+1.80%
Current Drawdown Current decline from peak	-0.98%	0.00%	-0.98%
Average Drawdown Average peak-to-trough decline	-13.13%	-7.87%	-5.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	1.68%	+1.25%

Volatility

VEU vs. VTV - Volatility Comparison

Vanguard FTSE All-World ex-US ETF (VEU) has a higher volatility of 5.59% compared to Vanguard Value ETF (VTV) at 2.52%. This indicates that VEU's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEU	VTV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.59%	2.52%	+3.07%
Volatility (6M) Calculated over the trailing 6-month period	13.04%	7.55%	+5.49%
Volatility (1Y) Calculated over the trailing 1-year period	15.29%	10.11%	+5.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	13.88%	+2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.21%	16.67%	+0.54%

VEU vs. VTV - Expense Ratio Comparison

Both VEU and VTV have an expense ratio of 0.04%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

VEU vs. VTV - Dividend Comparison

VEU's dividend yield for the trailing twelve months is around 2.61%, more than VTV's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VEU Vanguard FTSE All-World ex-US ETF	2.61%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%
VTV Vanguard Value ETF	1.86%	2.05%	2.31%	2.46%	2.52%	2.15%	2.56%	2.50%	2.73%	2.29%	2.44%	2.60%

Frequently Asked Questions

Can I hold both VEU and VTV in my portfolio?

VEU and VTV have a correlation of 0.66, 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 VTV?

VEU has higher volatility (5.59%) compared to VTV (2.52%). In terms of maximum drawdown, VEU dropped -61.52% vs VTV's -59.27%.

Which ETF is better, VEU or VTV?

On 10-year performance, VTV leads with 12.48% vs 9.94% for VEU. Both ETFs have the same 0.04% expense ratio. On volatility, VTV has been the lower-risk option at 2.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VEU or VTV?

Over the 10-year period, VTV has performed better with a 12.48% return vs 9.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VEU or VTV?

VEU and VTV have the same expense ratio: 0.04% per year.

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

VEU has the higher dividend yield at 2.61%, compared with 1.86% for VTV.

What is the main difference between VEU and VTV?

VEU is categorized as Foreign Large Cap Equities, while VTV is Large Cap Value Equities. VEU tracks FTSE All-World ex US Index, while VTV tracks CRSP US Large Cap Value Index.

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.61 vs 2.13), 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.