Data as of Oct 28, 2026.
VB vs VEU: Differences, Returns & Fees
Over the year to Oct 28, 2026, VB and VEU finished level, +14.4% against +14.4%, and they share 0% of their weight.
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Net assets on Sep 30, 2026: $76.9bn for Vanguard Morningstar Small-Cap ETF and $68.1bn for Vanguard FTSE All World Ex US ETF.
Pair scorecard
VB costs 0.01 points a year less; both returned +14.4% over a year; VB is 1.1 times larger.
| Measure | VB | VEU |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.4% | +14.4% |
| Drawdown | ||
| Below its high | 5.7%, high on Aug 14, 2026 | 5.0%, high on Sep 4, 2026 |
| Benchmark | ||
| What it tracks | Morningstar US Small Cap Index | FTSE All-World ex US Index |
| Cost and size | ||
| Expense ratio | 0.03% | 0.04% |
| Net assets, as of Sep 30, 2026 | $76.9bn | $68.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 5.9% | 15.2% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Mar 16, 2007 to Oct 23, 2026 · 1,023 weekly returnsVB returned more: +459.8% to +173.1%. VEU swung less: 19.3% to 22.4%. VB fell slightly less at its worst: −58.8% to −60.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VB | VEU | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +459.8% | +173.1% | VB | Price change plus distributions, reinvested. |
| Annualized | +9.2% | +5.2% | VB | Total return as a yearly rate. |
| Price return | +318.8% | +59.0% | VB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 22.4% | 19.3% | VEU | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 15.7% | 14.0% | VEU | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −58.8% | −60.1% | VB (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.43 | 0.28 | VB | Return above Treasury bills per unit of volatility. |
| Sortino | 0.62 | 0.39 | VB | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.16 | 0.09 | VB | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,023 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VB and VEU hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
VB and VEU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VB and VEU do different jobs. What does each one do in a portfolio?
- What each follows. VB follows Morningstar US Small Cap Index and VEU follows FTSE All-World ex US Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
- One-year total return (similar). Over 1 year to Oct 28, 2026 VB returned +14.4% and VEU +14.4% with distributions reinvested, a gap of 0.0 points.
Data as of Oct 28, 2026.
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VB
VB tracks an index of Small-Cap. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 22% of the fund by weight is stocks the S&P 500 also holds, across 1,303 positions, with the top ten at 5.9%. It sat 5.7% below its high of Aug 14, 2026 on Oct 28, 2026.
VEU
VEU tracks the FTSE All-World ex-US. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,816 positions, with the top ten at 15.2%. It sat 5.0% below its high of Sep 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VB or VEU?
- In the year to Oct 28, 2026, with distributions reinvested, VB returned +14.4% and VEU +14.4%.
- Which is cheaper, VB or VEU?
- VB 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.
Links are sources, not endorsements. 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.
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ETFIQ, VB against VEU, data as of Oct 28, 2026. https://etfiq.com/compare/any/vb-vs-veu
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