Data as of Oct 28, 2026.

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VEU vs VOE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VEU returned +14.4% to VOE's +22.8%; 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 $22.8bn for Vanguard Morningstar Mid-Cap Value ETF.

At a glance
+14.4%
VEU total return, 1 year
+22.8%
VOE total return, 1 year
0.04%
VEU expense ratio
0.05%
VOE expense ratio

Pair scorecard

VEU costs 0.01 points a year less; their one-year returns differ by 8.4 points; VEU is 3.0 times larger.

VEU vs VOE: Differences, Returns & Fees
MeasureVEUVOE
Return
Total return, 1 year+14.4%+22.8%
Drawdown
Below its high5.0%, high on Sep 4, 2026
Benchmark
What it tracksFTSE All-World ex US IndexMorningstar US Mid Cap Value Index
Cost and size
Expense ratio0.04%0.05%
Net assets, as of Sep 30, 2026$68.1bn$22.8bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund15.2%14.0%

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

What they share

0%

By the books each fund has filed, VEU and VOE 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 VEU VOE
MKTLIQ 0.41% 0.33%
HAL Trust 0.01% 0.41%
PLDT Inc 0.00% 1.04%
Societatea Energetica Electrica SA 0.00% 0.20%
Only in one fund ↓
Only in VEU
Taiwan Semiconductor Manufacturing Co Ltd 4.70%
Samsung Electronics Co Ltd 2.24%
SK hynix Inc 1.83%
ASML Holding NV 1.71%
SLBBH1142 0.91%
Tencent Holdings Ltd 0.84%
HSBC Holdings PLC 0.84%
Roche Holding AG 0.72%
Only in VOE
Valero Energy Corp 1.90%
Marathon Petroleum Corp 1.89%
Phillips 66 1.73%
Hewlett Packard Enterprise Co 1.37%
Warner Bros Discovery Inc 1.25%
SLB Ltd 1.23%
Target Corp 1.21%
Cummins Inc 1.21%
Check overlap with more funds →

Side by side

VEU Vanguard FTSE All World Ex US ETF VOE Vanguard Morningstar Mid-Cap Value ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the FTSE All-World ex-US Tracks an index of Mid-Cap Value
Total return, 1 year +14.4% +22.8%
Expense ratio 0.04% 0.05%
Already in the S&P 500 0.0% 96.0%
Holdings 3816 169
Net assets, as of Sep 30, 2026 $68.1bn $22.8bn

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

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About each fund
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.

VOE

VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.

Questions people ask

Which returned more over the last year, VEU or VOE?
In the year to Oct 28, 2026, with distributions reinvested, VEU returned +14.4% and VOE +22.8%.
Which is cheaper, VEU or VOE?
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.
How much do VEU and VOE overlap with the S&P 500?
By their latest filed holdings, 0% of VEU and 96% of VOE by weight is stocks the S&P 500 already holds.
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ETFIQ, VEU against VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/veu-vs-voe

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