Compare/Updated Oct 26, 2026, refreshed every trading day
VEU vs VEA
Vanguard FTSE All-World ex-US ETF against Vanguard FTSE Developed Markets ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
VEA did slightly better than VEU over the period from Oct. 28, 2022 to Oct. 23, 2026: $1,000 grew to $2,004 versus $1,967, a 100.4% total return versus 96.7%. VEA also led over three years, 76.0% to 72.7%, and had stronger recent performance across every listed period from one month through one year. The advantage came with nearly identical risk: VEA’s 12-month volatility was 17.6% versus 17.2% for VEU, while its worst drawdown was slightly less severe, -13.4% versus -13.7%. VEA also costs less, with a 0.03% expense ratio versus 0.04%. The funds are highly similar, with 0.986 daily-move correlation and VEU moving about 0.96% for each 1% move in VEA. VEU’s broader emerging-market exposure did not compensate for its weaker results over this period.
- Price is below its 200-day average ($81); 50-day at $84.
- RSI 36, neutral. Supertrend says sell. ADX 25, so the trend is developing.
- Price is above its 200-day average ($69); 50-day at $72.
- RSI 38, neutral. Supertrend says sell. ADX 24, so the trend is developing.
Head to head
Which has returned more, VEU or VEA?
VEU beat VEA in 22 of the last 48 months; VEA won the other 26. The typical monthly gap was 0.48 points.
Total return by period
Which is riskier?
Both: Mar 19, 2025 to Apr 8, 2025
- 0.986
- correlation of daily moves, 4 years
- 0.96
- VEU move per 1% in VEA
- 0.990
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.48 points.
When did they diverge?
| Month | VEU | VEA | Gap |
|---|---|---|---|
| September 2024 | +2.5% | +1.1% | +1.48 pts |
| April 2025 | +2.8% | +4.0% | -1.26 pts |
| June 2024 | -0.6% | -1.6% | +1.07 pts |
| January 2025 | +3.4% | +4.4% | -1.01 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with VEU and VEA?
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