Data as of Oct 28, 2026.

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VEA vs VGSH: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VEA returned +17.1% to VGSH's +1.7%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $231.6bn for Vanguard FTSE Developed Markets ETF and $35.1bn for Vanguard Short-Term Treasury ETF.

At a glance
+17.1%
VEA total return, 1 year
+1.7%
VGSH total return, 1 year
0.03%
VEA expense ratio
0.03%
VGSH expense ratio

Pair scorecard

Both cost 0.03% a year; their one-year returns differ by 15.4 points; VEA is 6.6 times larger.

Points (pts) are percentage points.

VEA vs VGSH: Differences, Returns & Fees
MeasureVEAVGSH
Return
Total return, 1 year+17.1%+1.7%
Drawdown
Below its high4.4%, high on Aug 25, 2026
Benchmark
What it tracksFTSE Developed All Cap ex US IndexBloomberg U.S. Treasury 1-3 Year Index
Cost and size
Expense ratio0.03%0.03%
Net assets, as of Sep 30, 2026$231.6bn$35.1bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund13.6%

Holdings in common uses holdings dated Sep 30, 2026. Method

Risk and return

Dec 4, 2009 to Oct 23, 2026 · 881 weekly returns
VEA VGSH
Return
Total return edge VEA +227.3% +26.7%
Annualized edge VEA +7.2% +1.4%
Price return edge VEA +94.6% −3.7%
Risk
Volatility edge VGSH 17.3% 1.3%
Max drawdown edge VGSH −34.6% −5.5%
Risk-adjusted
Sharpe edge VEA 0.40 −0.09
Sortino edge VEA 0.57 −0.14
Calmar edge VGSH 0.21 0.26
Reading

VEA returned more: +227.3% to +26.7%. VGSH swung less: 1.3% to 17.3%. VGSH fell less at its worst: −5.5% to −34.6%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VEA vs VGSH: Differences, Returns & Fees
MeasureVEAVGSHEdgeHow it is measured
Return
Total return+227.3%+26.7%VEAPrice change plus distributions, reinvested.
Annualized+7.2%+1.4%VEATotal return as a yearly rate.
Price return+94.6%−3.7%VEAPrice change alone, distributions left out.
Risk
Volatility17.3%1.3%VGSHSpread of weekly returns, annualized. Lower is steadier.
Downside deviation12.3%0.9%VGSHLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−34.6%−5.5%VGSHDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.40−0.09VEAReturn above Treasury bills per unit of volatility.
Sortino0.57−0.14VEAReturn above Treasury bills per unit of downside deviation.
Calmar0.210.26VGSHAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 881 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, VEA and VGSH hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VEA VGSH
MKTLIQ 0.08% 0.20%
Only in one fund ↓
Only in VEA
Samsung Electronics Co Ltd 2.81%
SK hynix Inc 2.30%
ASML Holding NV 2.14%
SLBBH1142 1.07%
HSBC Holdings PLC 1.05%
Roche Holding AG 0.91%
Shell PLC 0.86%
Royal Bank of Canada 0.85%
Only in VGSH
United States Treasury Note/Bond 2.07%
United States Treasury Note/Bond 1.43%
United States Treasury Note/Bond 1.39%
United States Treasury Note/Bond 1.37%
United States Treasury Note/Bond 1.35%
United States Treasury Note/Bond 1.34%
United States Treasury Note/Bond 1.33%
United States Treasury Note/Bond 1.33%
Check overlap with more funds →

Side by side

VEA Vanguard FTSE Developed Markets ETF VGSH Vanguard Short-Term Treasury ETF
Where it sits Stock ETF Bond ETF
What it is Tracks an index of Developed markets ex US Tracks an index of Short-Term Treasury
Total return, 1 year +17.1% +1.7%
Its benchmark over the same days not measured +1.8% (SCHO)
Gap to its benchmark not measured −0.1 pts vs SCHO
Expense ratio 0.03% 0.03%
Holdings 3906 93
Net assets, as of Sep 30, 2026 $231.6bn $35.1bn

VEA and VGSH on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-6D4FDB964E

VEA and VGSH do different jobs. What does each one do in a portfolio?

  1. What each follows. VEA follows FTSE Developed All Cap ex US Index and VGSH follows Bloomberg U.S. Treasury 1-3 Year Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 VEA returned +17.1% and VGSH +1.7% with distributions reinvested, a gap of 15.4 points.

Data as of Oct 28, 2026.

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About each fund
VEA

VEA tracks an index of Developed markets ex US. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.03% 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 3,906 positions, with the top ten at 13.6%. It sat 4.4% below its high of Aug 25, 2026 on Oct 28, 2026.

VGSH

VGSH tracks an index of Short-Term Treasury. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the Bloomberg U.S. Treasury 1-3 Year Index.

Questions people ask

Which returned more over the last year, VEA or VGSH?
In the year to Oct 28, 2026, with distributions reinvested, VEA returned +17.1% and VGSH +1.7%.
Which is cheaper, VEA or VGSH?
Neither: VEA and VGSH both charge 0.03% a year. Fees come from each fund's prospectus.
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ETFIQ, VEA against VGSH, data as of Oct 28, 2026. https://etfiq.com/compare/any/vea-vs-vgsh

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