Data as of Oct 28, 2026.
VEU vs VGK: Differences, Returns & Fees
Over the year to Oct 28, 2026, VEU returned +14.4% to VGK's +10.4%; 35% of their weight is in the same names.
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Net assets on Sep 30, 2026: $68.1bn for Vanguard FTSE All World Ex US ETF and $29.6bn for Vanguard FTSE Europe ETF.
Pair scorecard
VEU costs 0.02 points a year less; their one-year returns differ by 4.0 points; VEU is 2.3 times larger.
| Measure | VEU | VGK |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.4% | +10.4% |
| Drawdown | ||
| Below its high | 5.0%, high on Sep 4, 2026 | 6.1%, high on Aug 25, 2026 |
| Benchmark | ||
| What it tracks | FTSE All-World ex US Index | FTSE Developed Europe All Cap Index |
| Cost and size | ||
| Expense ratio | 0.04% | 0.06% |
| Net assets, as of Sep 30, 2026 | $68.1bn | $29.6bn |
| Holdings | ||
| Holdings in common | 35% | |
| Top ten holdings, share of the fund | 15.2% | 19.0% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Mar 16, 2007 to Oct 23, 2026 · 1,023 weekly returnsVEU returned slightly more: +173.1% to +160.8%. VEU swung slightly less: 19.3% to 21.4%. VEU fell slightly less at its worst: −60.1% to −62.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VEU | VGK | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +173.1% | +160.8% | VEU (slight) | Price change plus distributions, reinvested. |
| Annualized | +5.2% | +5.0% | VEU (slight) | Total return as a yearly rate. |
| Price return | +59.0% | +27.6% | VEU | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.3% | 21.4% | VEU (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.0% | 15.6% | VEU | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −60.1% | −62.1% | VEU (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.28 | 0.26 | VEU (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.39 | 0.36 | VEU (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.09 | 0.08 | VEU (slight) | 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, VEU and VGK hold 35% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
35% in common
Only in one fund ↓
Side by side
VEU and VGK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VEU and VGK do different jobs. What does each one do in a portfolio?
- What each follows. VEU follows FTSE All-World ex US Index and VGK follows FTSE Developed Europe All Cap Index.
- Holdings in common. 35% of the weight is in the same securities (holdings dated Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VEU returned +14.4% and VGK +10.4% with distributions reinvested, a gap of 4.0 points.
Data as of Oct 28, 2026.
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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.
VGK
VGK tracks an index of European Stock. Over the year to Oct 28, 2026 it returned +10.4% with distributions reinvested. The prospectus expense ratio is 0.06% 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 1,245 positions, with the top ten at 19.0%. It sat 6.1% below its high of Aug 25, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VEU or VGK?
- In the year to Oct 28, 2026, with distributions reinvested, VEU returned +14.4% and VGK +10.4%.
- Which is cheaper, VEU or VGK?
- VEU is cheaper, by 0.02 percentage points a year. That is about $2 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, VEU against VGK, data as of Oct 28, 2026. https://etfiq.com/compare/any/veu-vs-vgk
ETFIQ. (Oct 28, 2026). VEU against VGK. Retrieved from https://etfiq.com/compare/any/veu-vs-vgk
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