Data as of Oct 28, 2026.
VEU vs VNQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, VEU returned +14.4% to VNQ's +4.8%; 0% 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 $35.9bn for Vanguard Real Estate ETF.
Pair scorecard
VEU costs 0.09 points a year less; their one-year returns differ by 9.6 points; VEU is 1.9 times larger.
| Measure | VEU | VNQ |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.4% | +4.8% |
| Drawdown | ||
| Below its high | 5.0%, high on Sep 4, 2026 | 8.3%, high on Jul 28, 2026 |
| Benchmark | ||
| What it tracks | FTSE All-World ex US Index | MSCI US Investable Market Real Estate 25/50 Index |
| Cost and size | ||
| Expense ratio | 0.04% | 0.13% |
| Net assets, as of Sep 30, 2026 | $68.1bn | $35.9bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 15.2% | 55.8% |
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 +165.5%. VEU swung less: 19.3% to 25.9%. VEU fell less at its worst: −60.1% to −71.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VEU | VNQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +173.1% | +165.5% | VEU (slight) | Price change plus distributions, reinvested. |
| Annualized | +5.2% | +5.1% | VEU (slight) | Total return as a yearly rate. |
| Price return | +59.0% | +17.3% | VEU | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.3% | 25.9% | VEU | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 14.0% | 18.0% | VEU | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −60.1% | −71.1% | VEU | 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 | 0.38 | VEU (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.09 | 0.07 | VEU | 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 VNQ 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
VEU and VNQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VEU and VNQ do different jobs. What does each one do in a portfolio?
- What each follows. VEU follows FTSE All-World ex US Index and VNQ follows MSCI US Investable Market Real Estate 25/50 Index.
- Holdings in common. 0% 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 VNQ +4.8% with distributions reinvested, a gap of 9.6 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.
VNQ
VNQ tracks an index of US real estate. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer as of Sep 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 141 positions, with the top ten at 55.8%. It sat 8.3% below its high of Jul 28, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, VEU or VNQ?
- In the year to Oct 28, 2026, with distributions reinvested, VEU returned +14.4% and VNQ +4.8%.
- Which is cheaper, VEU or VNQ?
- VEU is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
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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 VNQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/veu-vs-vnq
ETFIQ. (Oct 28, 2026). VEU against VNQ. Retrieved from https://etfiq.com/compare/any/veu-vs-vnq
[VEU against VNQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/veu-vs-vnq)
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