VV vs. VEU

Last updated Aug 4, 2026

VV (Vanguard Large-Cap ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both exchange-traded funds - VV is a Large Cap Blend Equities fund tracking the CRSP US Large Cap 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, VV returned 15.17%/yr vs 9.63%/yr for VEU. Their correlation of 0.83 means they have usually moved in the same direction. Both charge a 0.04% expense ratio.

Performance

VV vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Large-Cap ETF (VV) 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, VV achieves a 11.47% return, which is significantly lower than VEU's 13.83% return. Over the past 10 years, VV has outperformed VEU with an annualized return of 15.17%, while VEU has yielded a comparatively lower 9.63% annualized return.

VV

• 1D: 1.54%
• 1M: 1.73%
• 6M: 9.64%
• YTD: 11.47%
• 1Y: 22.84%
• 3Y*: 21.03%
• 5Y*: 12.67%
• 10Y*: 15.17%
• ALL TIME*: 11.04%

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
VV Vanguard Large-Cap ETF	$82.71M	$75.65M	$91.95M

VV vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VV Vanguard Large-Cap ETF	11.47%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%
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 VV and VEU is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.81
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (10Y) Provides a long-term view across more market conditions.	0.79
Correlation (All Time) Calculated using the full available price history since Mar 8, 2007	0.83

The correlation between VV and VEU has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.

VV vs. VEU - Sectors Allocation Comparison

Sectors	VV	VEU
Technology	39.1%	23.2%
Financial Services	11.5%	23.1%
Communication Services	9.7%	4.2%
Consumer Cyclical	9.0%	7.6%
Healthcare	8.9%	6.8%
Industrials	8.2%	14.7%
Consumer Defensive	4.4%	4.9%
Energy	3.0%	4.3%
Utilities	2.5%	3.0%
Basic Materials	1.7%	6.5%
Real Estate	1.6%	1.8%

Return for Risk

VV vs. VEU — Risk / Return Rank

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

VV

VV Risk / Return Rank: 75
VV Sharpe Ratio Rank: 76
VV Sortino Ratio Rank: 74
VV Omega Ratio Rank: 74
VV Calmar Ratio Rank: 70
VV Martin Ratio Rank: 80

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.

VV vs. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap ETF (VV) 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.

	VV	VEU	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.72	+0.05
Sortino ratio: Return per unit of downside risk	2.45	2.38	+0.07
Omega ratio: Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio: Return relative to maximum drawdown	2.49	2.55	-0.05
Martin ratio: Return relative to average drawdown	10.49	9.31	+1.18

VV vs. VEU - Sharpe Ratio Comparison

The current VV Sharpe Ratio is 1.77, which is comparable to the VEU Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of VV 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

VV vs. VEU - Drawdown Comparison

The maximum VV drawdown since its inception was -54.81%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for VV and VEU.

Drawdown Indicators

	VV	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-61.52%	+6.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-11.43%	+2.22%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-13.69%	-5.28%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-29.14%	+3.48%
Max Drawdown (10Y) Largest decline over 10 years	-34.28%	-34.98%	+0.70%
Current Drawdown Current decline from peak	-0.02%	-2.36%	+2.34%
Average Drawdown Average peak-to-trough decline	-6.80%	-13.04%	+6.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	3.12%	-0.94%

Volatility

VV vs. VEU - Volatility Comparison

The current volatility for Vanguard Large-Cap ETF (VV) is 3.94%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 5.32%. This indicates that VV 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

	VV	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	5.32%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	15.02%	-4.75%
Volatility (1Y) Calculated over the trailing 1-year period	13.00%	16.96%	-3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.37%	16.37%	+1.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.22%	17.08%	+1.14%

VV vs. VEU - Expense Ratio Comparison

Both VV 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

VV vs. VEU - Dividend Comparison

VV's dividend yield for the trailing twelve months is around 1.01%, 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%
VV Vanguard Large-Cap ETF	1.01%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both VV and VEU in my portfolio?

VV and VEU have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VV or VEU?

VEU has higher volatility (5.32%) compared to VV (3.94%). In terms of maximum drawdown, VV dropped -54.81% vs VEU's -61.52%.

Which ETF is better, VV or VEU?

On 10-year performance, VV leads with 15.17% vs 9.63% for VEU. Both ETFs have the same 0.04% expense ratio. On volatility, VV has been the lower-risk option at 3.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VV or VEU?

Over the 10-year period, VV has performed better with a 15.17% return vs 9.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VV or VEU?

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

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

VEU has the higher dividend yield at 2.54%, compared with 1.01% for VV.

What is the main difference between VV and VEU?

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

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (1.77 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.