Data as of Oct 28, 2026.
VBR vs VEU: Differences, Returns & Fees
Over the year to Oct 28, 2026, VBR returned +17.6% to VEU's +14.4%; 0% of their weight is in the same names.
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askIQ about VBR and VEUNet assets on Sep 30, 2026: $35.1bn for Vanguard Morningstar Small-Cap Value ETF and $68.1bn for Vanguard FTSE All World Ex US ETF.
Pair scorecard
VEU costs 0.01 points a year less; their one-year returns differ by 3.2 points; VEU is 1.9 times larger.
| Measure | VBR | VEU |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.6% | +14.4% |
| Drawdown | ||
| Below its high | 3.9%, high on Aug 14, 2026 | 5.0%, high on Sep 4, 2026 |
| Benchmark | ||
| What it tracks | Morningstar US Small Cap Value Index | FTSE All-World ex US Index |
| Cost and size | ||
| Expense ratio | 0.05% | 0.04% |
| Net assets, as of Sep 30, 2026 | $35.1bn | $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
What they share
By the books each fund has filed, VBR 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
VBR and VEU on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VBR
VBR tracks an index of Small-Cap Value. Over the year to Oct 28, 2026 it returned +17.6% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 822 positions, with the top ten at 5.9%. It sat 3.9% below its high of Aug 14, 2026 on Oct 28, 2026.
VEU
VEU tracks the FTSE All-World ex-US. Over the year to Oct 28, 2026 it returned +14.4% with distributions reinvested. 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, VBR or VEU?
- In the year to Oct 28, 2026, with distributions reinvested, VBR returned +17.6% and VEU +14.4%.
- Which is cheaper, VBR or VEU?
- VEU 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, VBR against VEU, data as of Oct 28, 2026. https://etfiq.com/compare/any/vbr-vs-veu
ETFIQ. (Oct 28, 2026). VBR against VEU. Retrieved from https://etfiq.com/compare/any/vbr-vs-veu
[VBR against VEU (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vbr-vs-veu)
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