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SPDW vs VEU: Differences, Returns & Fees

SPDW and VEU hold 68% of their weight in the same names, and SPDW returned +19.7% over the year. Net assets: $40.5bn on Oct 8, 2026 for State Street SPDR Portfolio Developed World ex-US ETF, and $68.1bn on Sep 30, 2026 for Vanguard FTSE All World Ex US ETF.

SPDW costs 0.01 points a year less; their one-year returns differ by 1.5 points; VEU is 1.7 times larger.

SPDWVEU
Expense ratio0.03%0.04%
Net assets, as of Sep 30, 2026$41.1bn$68.1bn
Total return, 1 year+19.7%+18.2%
What it tracksS&P Developed Ex-U.S. BMI Index ?FTSE All-World ex US Index
Holdings in common68%
Top ten holdings, share of the fund12.9%14.5%
Below its high4.5%, high on Sep 4, 20263.9%, high on Sep 4, 2026

Holdings in common uses holdings dated Aug 31, 2026 and Oct 8, 2026.

+19.7%
SPDW total return, 1 year
+18.2%
VEU total return, 1 year
0.03%
SPDW expense ratio
0.04%
VEU expense ratio

What they hold in common

By the books each fund has filed, SPDW and VEU hold 68% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Aug 31, 2026 and Oct 8, 2026.

half

68% in common

Positions both hold, largest shared weight first
Holding SPDW VEU
SK HYNIX INC 2.21% 1.60%
ASML HOLDING NV 2.15% 1.56%
HSBC HOLDINGS PLC 0.95% 0.84%
ROCHE HOLDING AG 0.90% 0.73%
ROYAL BANK OF CANADA 0.81% 0.68%
NOVARTIS AG REG 0.79% 0.68%
SHELL PLC 0.88% 0.61%
NESTLE SA REG 0.72% 0.60%
MITSUBISHI UFJ FINANCIAL GRO 0.82% 0.59%
SIEMENS AG REG 0.66% 0.58%
ASTRAZENECA PLC 0.74% 0.58%
BHP GROUP LTD 0.66% 0.57%
Only in SPDW
SAMSUNG ELECTR GDR REG S 2.68%
SPOTIFY TECHNOLOGY SA 0.25%
NEBIUS GROUP NV 0.15%
ARM HOLDINGS PLC ADR 0.12%
SEA LTD ADR 0.11%
AERCAP HOLDINGS NV 0.08%
JUSUNG ENGINEERING CO LTD 0.06%
SBM OFFSHORE NV 0.05%
Only in VEU
Taiwan Semiconductor Manufacturing Co Ltd 4.36%
SLBBH1142 1.11%
Tencent Holdings Ltd 0.86%
Alibaba Group Holding Ltd 0.65%
MKTLIQ 0.55%
MediaTek Inc 0.43%
Delta Electronics Inc 0.27%
China Construction Bank Corp 0.25%

Check overlap with more funds →

On the same fields

SPDW
State Street SPDR Portfolio Developed World ex-US ETF
VEU
Vanguard FTSE All World Ex US ETF
Where it sits Stock ETF Stock ETF
Issuer State Street Vanguard
What it is Tracks an index Tracks the FTSE All-World ex-US
Total return, 1 year +19.7% +18.2%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +2.4 pts +0.9 pts
Expense ratio 0.03% 0.04%
Already in the S&P 500 0.0% 0.0%
Holdings 2448 3862
Net assets, SPDW as of Oct 8, 2026 and VEU as of Sep 30, 2026 $40.5bn $68.1bn

SPDW and VEU on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

SPDW in plain words

SPDW tracks an index. Over the year to Oct 9, 2026 it returned +19.7% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2,448 positions, with the top ten at 12.9%. It sat 4.5% below its high of Sep 4, 2026 on Oct 9, 2026.

VEU in plain words

VEU tracks the FTSE All-World ex-US. Over the year to Oct 9, 2026 it returned +18.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Aug 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,862 positions, with the top ten at 14.5%. It sat 3.9% below its high of Sep 4, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, SPDW or VEU?
In the year to Oct 9, 2026, with distributions reinvested, SPDW returned +19.7% and VEU +18.2%.
Which is cheaper, SPDW or VEU?
SPDW is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do SPDW and VEU overlap with the S&P 500?
By their latest filed holdings, 0% of SPDW and 0% of VEU by weight is stocks the S&P 500 already holds.
Other comparisons
EFA vs SPDWIXUS vs SPDWIDEV vs SPDWSPDW vs VEAIDEV vs VEUACWX vs VEUDFAI vs VEUDFIC vs VEU
SPDW on its own →VEU on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
SPDW filings on SEC EDGAR ↗SPDW prospectus with the expense ratio (SEC) ↗State Street website ↗VEU filings on SEC EDGAR ↗VEU prospectus with the expense ratio (SEC) ↗Vanguard page for VEU ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, SPDW against VEU, data as of Oct 9, 2026. https://etfiq.com/compare/any/spdw-vs-veu

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.