Vanguard FTSE All-World ex-US ETF (VEU) Performance
VEU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.6% since Dec 31, 2025
- 1 year
- +13.9% total return
- 5 years
- +8.3% a year
- 10 years
- +9.1% a year
- Since first price
- +5.2% a year since 2007
VEU trailing returns vs SPY, QQQ, AGG
| Period | VEU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.9% | −3.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.1% | −1.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.1% | +1.4% | +7.8% | +8.4% | −1.5% |
| YTD | +10.6% | +9.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.9% | +11.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +75.8%+20.7%/yr | +60.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +49.1%+8.3%/yr | +28.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +139.9%+9.1%/yr | +79.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +204.2%+7.7%/yr | +90.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionMar 8, 2007 | +172.2%+5.2%/yr | +58.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: VEU vs SPY
From Mar 8, 2007: VEU grew to $27,221, SPY to $77,404.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VEU returns by calendar year
12 of 18 full years positive. Best 2009 (+37.6%), worst 2008 (−43.4%). 2026 is year to date.
VEU annual returns table
| Year | VEU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.6% | −11.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +32.4% | −13.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.6% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.9% | −11.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −15.6% | −28.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +8.3% | −7.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +11.1% | −34.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.8% | −8.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −14.2% | −22.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +27.4% | −2.4% | +21.7% | +32.7% | +3.6% |
| 2016 | +4.9% | −10.5% | +12.0% | +7.1% | +2.4% |
| 2015 | −4.8% | −18.5% | +1.2% | +9.4% | +0.5% |
| 2014 | −4.5% | −13.3% | +13.5% | +19.2% | +6.0% |
| 2013 | +14.2% | −11.2% | +32.3% | +36.6% | −2.0% |
| 2012 | +18.9% | −16.4% | +16.0% | +18.1% | +3.8% |
| 2011 | −14.0% | −27.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +11.8% | −19.1% | +15.1% | +19.9% | +6.4% |
| 2009 | +37.6% | −28.4% | +26.4% | +54.7% | +3.0% |
| 2008 | −43.4% | −56.8% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
VEU largest drawdowns
Now 6.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 31, 2007 | −61.5% | Mar 9, 2009 | Jul 1, 2014 | 1.4 years | 6.7 years |
| Jan 26, 2018 | −35.0% | Mar 23, 2020 | Nov 11, 2020 | 2.2 years | 2.8 years |
| Jun 14, 2021 | −29.3% | Oct 12, 2022 | May 9, 2024 | 1.3 years | 2.9 years |
| Jul 3, 2014 | −25.0% | Feb 11, 2016 | May 2, 2017 | 1.6 years | 2.8 years |
| Mar 19, 2025 | −13.7% | Apr 8, 2025 | May 2, 2025 | 20 days | 44 days |
| Jul 23, 2007 | −13.1% | Aug 16, 2007 | Sep 27, 2007 | 24 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
VEU risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +20.4% | +9.7% | +9.3% | +5.2% |
| Volatility (annualized) | 11.9% | 15.1% | 14.8% | 17.8% |
| Sharpe ratio | 1.26 | 0.45 | 0.53 | 0.30 |
| Sortino ratio | 2.19 | 0.69 | 0.78 | 0.43 |
| Best month | +8.2% | +13.1% | +13.1% | +15.2% |
| Worst month | −8.1% | −9.7% | −15.1% | −22.8% |
| Best 12 months | +39.5% | +39.5% | +51.3% | +66.3% |
| Worst 12 months | +5.6% | −24.8% | −24.8% | −51.5% |
| Positive months | 69% | 60% | 63% | 57% |
| Beta vs S&P 500 | 0.67 | 0.76 | 0.80 | — |
| Correlation with S&P 500 | 0.70 | 0.79 | 0.83 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
VEU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 224 | −51.5% | +8.4% | +66.3% | 67% |
| 3-year (a year) | 200 | −10.8% | +5.2% | +23.5% | 86% |
| 5-year (a year) | 176 | −5.4% | +5.7% | +17.7% | 87% |
| 10-year (a year) | 116 | +1.1% | +5.1% | +10.7% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
VEU performance overview
Vanguard FTSE All-World ex-US ETF (VEU) returned +13.9% over the past year and +9.1% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +5.2% a year, turning $10,000 into about $27,221. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −61.5%, from Oct 31, 2007 to Mar 9, 2009, and it took 5.3 years to get back to the old high. VEU finished 12 of its 18 full calendar years with a gain; the best year was 2009 (+37.6%) and the worst 2008 (−43.4%). Volatility has been 17.8% a year.
Related: VEU chart, VEU holdings, VEU dividends. See the VEU overview for the latest quote and fund facts.
VEU performance FAQ
What is the VEU return over the past year?
VEU returned +13.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.0%.
What is the average annual return of VEU?
VEU has returned +8.3% a year over 5 years, +9.1% a year over 10 years, +5.2% a year since March 8, 2007 (total return, distributions reinvested).
How much would $10,000 invested in VEU be worth?
$10,000 invested in VEU at its first recorded close on March 8, 2007 would be worth about $27,221 on October 23, 2026 with distributions reinvested.
What was the worst year for VEU?
The worst calendar year was 2008, with a total return of −43.4%. The best was 2009 at +37.6%.
What is the biggest drawdown of VEU?
The largest peak-to-trough decline was −61.5% between October 31, 2007 and March 9, 2009. It recovered to the old high on July 1, 2014, 5.3 years after the bottom.
How volatile is VEU?
Over the past 3 years VEU had an annualized volatility of 11.9% and a Sharpe ratio of 1.26 (excess return over 1–3 month T-bills per unit of risk).