VTV vs. VEU

Last updated Aug 4, 2026

VTV (Vanguard Value ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both exchange-traded funds - VTV is a Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index, while VEU is a Foreign Large Cap Equities fund tracking the FTSE All-World ex US Index. Both are passively managed. Over the past 10 years, VTV returned 12.46%/yr vs 9.63%/yr for VEU. Their 0.80 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.04% expense ratio.

Performance

VTV vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Value ETF (VTV) 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, VTV achieves a 16.93% return, which is significantly higher than VEU's 13.83% return. Over the past 10 years, VTV has outperformed VEU with an annualized return of 12.46%, while VEU has yielded a comparatively lower 9.63% annualized return.

VTV

• 1D: 0.48%
• 1M: 0.83%
• 6M: 10.86%
• YTD: 16.93%
• 1Y: 28.55%
• 3Y*: 17.83%
• 5Y*: 12.43%
• 10Y*: 12.46%
• ALL TIME*: 9.69%

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%

*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
VTV Vanguard Value ETF	$655.54M	$670.79M	$624.45M

VTV vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VTV Vanguard Value ETF	16.93%	15.27%	15.95%	9.32%	-2.09%	26.53%	2.33%	25.66%	-5.47%	17.15%
VEU Vanguard FTSE All-World ex-US ETF	13.83%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between VTV and VEU is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.72
Correlation (All Time) Calculated using the full available price history since Mar 8, 2007	0.80

The correlation between VTV and VEU shifts across timeframes, from 0.63 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

VTV vs. VEU - Sectors Allocation Comparison

Sectors	VTV	VEU
Financial Services	22.4%	23.1%
Technology	15.3%	23.2%
Healthcare	15.2%	6.8%
Industrials	14.3%	14.7%
Consumer Defensive	8.7%	4.9%
Energy	6.9%	4.3%
Utilities	4.8%	3.0%
Consumer Cyclical	3.9%	7.6%
Basic Materials	3.0%	6.5%
Communication Services	2.9%	4.2%
Real Estate	2.5%	1.8%

Return for Risk

VTV vs. VEU — Risk / Return Rank

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

VTV

VTV Risk / Return Rank: 94
VTV Sharpe Ratio Rank: 95
VTV Sortino Ratio Rank: 95
VTV Omega Ratio Rank: 94
VTV Calmar Ratio Rank: 93
VTV Martin Ratio Rank: 93

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

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.

VTV vs. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Value ETF (VTV) 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.

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.

	VTV	VEU	Difference
Sharpe ratio: Return per unit of total volatility	2.79	1.72	+1.07
Sortino ratio: Return per unit of downside risk	3.98	2.38	+1.60
Omega ratio: Gain probability vs. loss probability	1.51	1.32	+0.19
Calmar ratio: Return relative to maximum drawdown	4.52	2.55	+1.97
Martin ratio: Return relative to average drawdown	17.46	9.31	+8.15

VTV vs. VEU - Sharpe Ratio Comparison

The current VTV Sharpe Ratio is 2.79, which is higher than the VEU Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of VTV 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.

Drawdowns

VTV vs. VEU - Drawdown Comparison

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

Drawdown Indicators

	VTV	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-61.52%	+2.25%
Max Drawdown (1Y) Largest decline over 1 year	-6.35%	-11.43%	+5.08%
Max Drawdown (3Y) Largest decline over 3 years	-14.52%	-13.69%	-0.83%
Max Drawdown (5Y) Largest decline over 5 years	-17.04%	-29.14%	+12.10%
Max Drawdown (10Y) Largest decline over 10 years	-36.78%	-34.98%	-1.80%
Current Drawdown Current decline from peak	-0.89%	-2.36%	+1.47%
Average Drawdown Average peak-to-trough decline	-7.82%	-13.04%	+5.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.64%	3.12%	-1.48%

Volatility

VTV vs. VEU - Volatility Comparison

The current volatility for Vanguard Value ETF (VTV) is 2.54%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 5.32%. This indicates that VTV 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

	VTV	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.54%	5.32%	-2.78%
Volatility (6M) Calculated over the trailing 6-month period	7.73%	15.02%	-7.29%
Volatility (1Y) Calculated over the trailing 1-year period	10.29%	16.96%	-6.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	16.37%	-2.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	17.08%	-0.46%

VTV vs. VEU - Expense Ratio Comparison

Both VTV and VEU 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

VTV vs. VEU - Dividend Comparison

VTV's dividend yield for the trailing twelve months is around 1.85%, less than VEU's 2.54% yield.

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%
VTV Vanguard Value ETF	1.85%	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 VTV and VEU in my portfolio?

VTV and VEU have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VTV or VEU?

VEU has higher volatility (5.32%) compared to VTV (2.54%). In terms of maximum drawdown, VTV dropped -59.27% vs VEU's -61.52%.

Which ETF is better, VTV or VEU?

On 10-year performance, VTV leads with 12.46% vs 9.63% for VEU. Both ETFs have the same 0.04% expense ratio. On volatility, VTV has been the lower-risk option at 2.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VTV or VEU?

Over the 10-year period, VTV has performed better with a 12.46% return vs 9.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VTV or VEU?

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

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

VEU has the higher dividend yield at 2.54%, compared with 1.85% for VTV.

What is the main difference between VTV and VEU?

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

Which has better risk-adjusted returns?

VTV currently has the higher Sharpe Ratio (2.79 vs 1.72), 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.