Data Source: from May 2009 to May 2023 (~14 years)
Consolidated Returns as of 31 May 2023
Consolidated Returns as of 31 May 2023
Category: Stocks
ETF: Vanguard FTSE All-World ex-US Small-Cap ETF (VSS)
In the last 10 Years, the Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) ETF obtained a 4.04% compound annual return, with a 16.41% standard deviation.
In 2022, the ETF granted a 1.77% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) ETF: Dividend Yield page.
The ETF is related to the following investment themes:
- Asset Class: Equity
- Size: Multi Cap
- Style: Blend
- Region: Developed Markets
- Country: Broad Developed Markets
Historical Returns as of May 31, 2023
Historical returns and Metrics of Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) ETF.
Returns and metrics are calculated based on monthly returns, assuming:
- No fees or capital gain taxes
- the reinvestment of dividends
VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF (VSS) ETF
Portfolio Metrics
Data Source: 1 May 2009 - 31 May 2023 (~14 years)
Swipe left to see all data
| Metrics as of May 31, 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
MAX
(~14Y) |
|
| Portfolio Return (%) | -3.50 | -1.13 | 1.77 | -5.24 | 7.34 | 0.42 | 4.04 | 7.43 |
| US Inflation (%) | 0.00 | 0.84 | 1.90 | 3.79 | 5.77 | 3.81 | 2.68 | 2.53 |
| Infl. Adjusted Return (%) | -3.50 | -1.95 | -0.12 | -8.70 | 1.49 | -3.27 | 1.33 | 4.77 |
| Waiting for updates, inflation of May 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized. | ||||||||
| RISK INDICATORS | ||||||||
| Standard Deviation (%) | 23.03 | 18.46 | 20.22 | 16.41 | 17.87 | |||
| Sharpe Ratio | -0.36 | 0.34 | -0.04 | 0.20 | 0.19 | |||
| Sortino Ratio | -0.52 | 0.48 | -0.06 | 0.27 | 0.26 | |||
| MAXIMUM DRAWDOWN | ||||||||
| Drawdown Depth (%) | -19.31 | -31.78 | -31.78 | -33.27 | -33.27 | |||
| Start (yyyy mm) | 2022 06 | 2021 09 | 2021 09 | 2018 02 | 2018 02 | |||
| Bottom (yyyy mm) | 2022 09 | 2022 09 | 2022 09 | 2020 03 | 2020 03 | |||
| Start to Bottom (# months) | 4 | 13 | 13 | 26 | 26 | |||
| Start to Recovery (# months) in progress |
> 12
|
> 21
|
> 21
|
35
|
35
|
|||
| ROLLING PERIOD RETURNS - Annualized | ||||||||
| Best Return (%) | 67.31 | 18.54 | 16.80 | 9.43 | ||||
| Worst Return (%) | -28.85 | -5.91 | -1.86 | 2.04 | ||||
| % Positive Periods | 59% | 92% | 95% | 100% | ||||
| MONTHS | ||||||||
| Positive | 0 | 2 | 3 | 6 | 21 | 34 | 69 | 97 |
| Negative | 1 | 1 | 3 | 6 | 15 | 26 | 51 | 72 |
| % Positive | 0% | 67% | 50% | 50% | 58% | 57% | 58% | 57% |
| WITHDRAWAL RATES (WR) | ||||||||
| Safe WR (%) | 41.41 | 18.87 | 11.94 | 13.44 | ||||
| Perpetual WR (%) | 1.47 | 0.00 | 1.31 | 4.55 | ||||
- Annualized Portfolio Return: it's the annualized geometric mean return of the ETF
- Standard Deviation: it's a measure of the dispersion of returns around the mean
- Sharpe Ratio: it's a measure of risk-adjusted performance of the ETF. It's calculated by dividing the excess return of the ETF over the risk-free rate by the ETF standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
- Sortino Ratio: another measure of risk-adjusted performance of the ETF. It's a modification of the Sharpe Ratio (same formula but the denominator is the ETF downside standard deviation).
- Maximum Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
- Rolling Returns: returns over a time frame (best, worst, % of positive returns).
- Pos./Neg. Months: number of months with positive/negative return.
- Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
- Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
Correlations as of May 31, 2023
Correlation measures to what degree the returns of the two assets move in relation to each other.
Correlation coefficient is a numerical value between -1 and +1.
If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.
If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.
Monthly correlations of Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).
VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF (VSS) ETF
Monthly correlations as of 31 May 2023
Swipe left to see all data
| Correlation vs VSS | |||||
|---|---|---|---|---|---|
|
|
|||||
| Asset Class | 1 Year | 5 Years | 10 Years | Since May 2009 |
|
|
US Total Stock Market VTI |
0.89
|
0.92
|
0.88
|
0.88
|
|
|
US Large Cap SPY |
0.89
|
0.91
|
0.87
|
0.87
|
|
|
US Small Cap IJR |
0.80
|
0.89
|
0.80
|
0.81
|
|
|
US REITs VNQ |
0.94
|
0.83
|
0.67
|
0.69
|
|
|
US Technology QQQ |
0.77
|
0.79
|
0.77
|
0.78
|
|
|
Preferred Stocks PFF |
0.81
|
0.82
|
0.74
|
0.71
|
|
|
EAFE Stocks EFA |
0.98
|
0.96
|
0.95
|
0.95
|
|
|
World All Countries VT |
0.97
|
0.97
|
0.95
|
0.95
|
|
|
Emerging Markets EEM |
0.85
|
0.86
|
0.84
|
0.88
|
|
|
Europe VGK |
0.97
|
0.95
|
0.93
|
0.93
|
|
|
Pacific VPL |
0.97
|
0.94
|
0.91
|
0.90
|
|
|
Latin America FLLA |
0.71
|
0.69
|
0.67
|
0.73
|
|
|
US Total Bond Market BND |
0.86
|
0.49
|
0.41
|
0.26
|
|
|
Long Term Treasuries TLT |
0.75
|
0.06
|
0.01
|
-0.20
|
|
|
US Cash BIL |
0.14
|
-0.17
|
-0.12
|
-0.13
|
|
|
TIPS TIP |
0.86
|
0.57
|
0.50
|
0.36
|
|
|
Invest. Grade Bonds LQD |
0.91
|
0.68
|
0.61
|
0.50
|
|
|
High Yield Bonds HYG |
0.89
|
0.86
|
0.82
|
0.80
|
|
|
International Bonds BNDX |
0.81
|
0.47
|
0.37
|
0.26
|
|
|
Emerg. Market Bonds EMB |
0.95
|
0.83
|
0.78
|
0.72
|
|
|
Gold GLD |
0.60
|
0.29
|
0.24
|
0.27
|
|
|
Commodities DBC |
0.79
|
0.62
|
0.56
|
0.62
|
|
Capital Growth as of May 31, 2023
Capital growth, returns, stats are calculated assuming a reinvestment of dividends.
If you are interested in getting periodic income, please refer to the Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) ETF: Dividend Yield page.
An investment of 1000$, since June 2013,
now would be worth 1485.71$, with a total return of 48.57% (4.04% annualized).
The Inflation Adjusted Capital now would be 1140.84$, with a net total return of 14.08% (1.33% annualized).
The Inflation Adjusted Capital now would be 1140.84$, with a net total return of 14.08% (1.33% annualized).
An investment of 1000$, since May 2009,
now would be worth 2742.17$, with a total return of 174.22% (7.43% annualized).
The Inflation Adjusted Capital now would be 1927.53$, with a net total return of 92.75% (4.77% annualized).
The Inflation Adjusted Capital now would be 1927.53$, with a net total return of 92.75% (4.77% annualized).
Readings that may interest you
Drawdowns
A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF (VSS) ETF
Drawdown periods
Updated to May 2023
Worst drawdowns since June 2013.
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
||||
|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months |
| -33.27% | Feb 2018 | Mar 2020 | 26 | Dec 2020 | 9 | 35 |
| -31.78% | Sep 2021 | Sep 2022 | 13 | in progress | 8 | 21 |
| -18.53% | Jul 2014 | Jan 2016 | 19 | Apr 2017 | 15 | 34 |
| -4.53% | Jun 2013 | Jun 2013 | 1 | Jul 2013 | 1 | 2 |
| -2.59% | Jan 2014 | Jan 2014 | 1 | Feb 2014 | 1 | 2 |
| -1.00% | Aug 2013 | Aug 2013 | 1 | Sep 2013 | 1 | 2 |
| -0.64% | Jan 2021 | Jan 2021 | 1 | Feb 2021 | 1 | 2 |
| -0.56% | Mar 2014 | Mar 2014 | 1 | Apr 2014 | 1 | 2 |
| -0.52% | Nov 2013 | Nov 2013 | 1 | Dec 2013 | 1 | 2 |
| -0.15% | Jun 2021 | Jun 2021 | 1 | Jul 2021 | 1 | 2 |
Worst drawdowns since May 2009.
Swipe left to see all data
Drawdown period |
Recovery period |
Total |
||||
|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months |
| -33.27% | Feb 2018 | Mar 2020 | 26 | Dec 2020 | 9 | 35 |
| -31.78% | Sep 2021 | Sep 2022 | 13 | in progress | 8 | 21 |
| -26.81% | May 2011 | Sep 2011 | 5 | Oct 2013 | 25 | 30 |
| -18.53% | Jul 2014 | Jan 2016 | 19 | Apr 2017 | 15 | 34 |
| -12.72% | May 2010 | Jun 2010 | 2 | Sep 2010 | 3 | 5 |
| -3.14% | Jan 2010 | Jan 2010 | 1 | Mar 2010 | 2 | 3 |
| -2.72% | Nov 2010 | Nov 2010 | 1 | Dec 2010 | 1 | 2 |
| -2.71% | Oct 2009 | Oct 2009 | 1 | Nov 2009 | 1 | 2 |
| -2.59% | Jan 2014 | Jan 2014 | 1 | Feb 2014 | 1 | 2 |
| -1.20% | Jun 2009 | Jun 2009 | 1 | Jul 2009 | 1 | 2 |
| -0.76% | Jan 2011 | Jan 2011 | 1 | Feb 2011 | 1 | 2 |
| -0.64% | Jan 2021 | Jan 2021 | 1 | Feb 2021 | 1 | 2 |
| -0.56% | Mar 2014 | Mar 2014 | 1 | Apr 2014 | 1 | 2 |
| -0.52% | Nov 2013 | Nov 2013 | 1 | Dec 2013 | 1 | 2 |
| -0.15% | Jun 2021 | Jun 2021 | 1 | Jul 2021 | 1 | 2 |
Rolling Returns ( more details)
A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.
VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF (VSS) ETF
Annualized Rolling Returns
Data Source: from May 2009 to May 2023
Swipe left to see all data
| Rolling Period |
Annualized Return (%) | Negative Periods |
|||
|---|---|---|---|---|---|
| Average | Latest | Best | Worst | ||
| 1 Year |
6.95 | -5.24 |
67.31 Apr 2020 - Mar 2021 |
-28.85 Oct 2021 - Sep 2022 |
41.14% |
| 2 Years |
6.26 | -9.38 |
40.40 May 2009 - Apr 2011 |
-16.54 Apr 2018 - Mar 2020 |
30.82% |
| 3 Years |
5.87 | 7.34 |
18.54 May 2009 - Apr 2012 |
-5.91 Apr 2017 - Mar 2020 |
8.21% |
| 5 Years |
5.53 | 0.42 |
16.80 May 2009 - Apr 2014 |
-1.86 Apr 2015 - Mar 2020 |
5.45% |
| 7 Years |
5.58 | 4.38 |
10.71 May 2009 - Apr 2016 |
0.15 Apr 2013 - Mar 2020 |
0.00% |
| 10 Years |
5.60 | 4.04 |
9.43 May 2009 - Apr 2019 |
2.04 Apr 2010 - Mar 2020 |
0.00% |
Annualized rolling and average returns over full calendar month periods
If you need a deeper detail about rolling returns, please refer to the Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) ETF: Rolling Returns page.
Seasonality
Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) ETF: in which months is it better to invest?
Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
For further information about the seasonality, check the Asset Class Seasonality page.
Swipe left to see all data
| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency |
1.21
40% |
-1.36
40% |
-3.48
80% |
2.51
80% |
0.18
60% |
-0.87
40% |
2.18
80% |
-0.28
40% |
-3.28
20% |
-0.46
60% |
4.55
80% |
1.62
60% |
| Capital Growth on monthly avg returns | ||||||||||||
|
100
|
101.21
|
99.83
|
96.36
|
98.77
|
98.95
|
98.09
|
100.23
|
99.95
|
96.67
|
96.23
|
100.61
|
102.24
|
| Best |
8.8 2023 |
4.0 2021 |
2.0 2021 |
11.6 2020 |
6.4 2020 |
5.0 2019 |
5.9 2022 |
5.9 2020 |
2.1 2019 |
3.7 2019 |
13.1 2020 |
6.9 2020 |
| Worst |
-5.8 2022 |
-7.8 2020 |
-20.6 2020 |
-7.4 2022 |
-5.3 2019 |
-10.4 2022 |
-2.2 2019 |
-4.7 2022 |
-10.8 2022 |
-10.1 2018 |
-4.5 2021 |
-5.6 2018 |
Monthly Seasonality over the period Jun 2018 - May 2023
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency |
0.53
40% |
0.43
60% |
-0.92
70% |
2.52
90% |
0.40
60% |
-0.97
40% |
1.87
70% |
-0.62
40% |
-1.27
40% |
0.30
60% |
1.92
60% |
1.13
60% |
| Capital Growth on monthly avg returns | ||||||||||||
|
100
|
100.53
|
100.97
|
100.04
|
102.57
|
102.98
|
101.98
|
103.89
|
103.24
|
101.93
|
102.24
|
104.20
|
105.39
|
| Best |
8.8 2023 |
7.2 2014 |
7.3 2016 |
11.6 2020 |
6.4 2020 |
5.0 2019 |
5.9 2022 |
5.9 2020 |
7.3 2013 |
4.7 2015 |
13.1 2020 |
6.9 2020 |
| Worst |
-6.7 2016 |
-7.8 2020 |
-20.6 2020 |
-7.4 2022 |
-5.3 2019 |
-10.4 2022 |
-3.0 2014 |
-5.7 2015 |
-10.8 2022 |
-10.1 2018 |
-4.5 2021 |
-5.6 2018 |
Monthly Seasonality over the period Jun 2013 - May 2023
Swipe left to see all data
| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency |
0.96
43% |
0.91
64% |
-0.02
71% |
2.32
86% |
-0.46
47% |
-0.69
36% |
2.60
71% |
-0.64
43% |
-0.23
50% |
1.01
57% |
1.39
57% |
1.73
64% |
| Capital Growth on monthly avg returns | ||||||||||||
|
100
|
100.96
|
101.88
|
101.86
|
104.22
|
103.74
|
103.03
|
105.71
|
105.04
|
104.79
|
105.85
|
107.32
|
109.18
|
| Best |
9.0 2012 |
7.2 2014 |
7.5 2010 |
11.6 2020 |
16.8 2009 |
5.0 2019 |
10.4 2010 |
5.9 2020 |
12.3 2010 |
9.3 2011 |
13.1 2020 |
9.9 2010 |
| Worst |
-6.7 2016 |
-7.8 2020 |
-20.6 2020 |
-7.4 2022 |
-12.0 2010 |
-10.4 2022 |
-3.0 2014 |
-8.9 2011 |
-14.9 2011 |
-10.1 2018 |
-4.5 2021 |
-5.6 2018 |
Monthly Seasonality over the period May 2009 - May 2023
Monthly/Yearly Returns
Vanguard FTSE All-World ex-US Small-Cap ETF (VSS) ETF data source starts from May 2009: let's focus on monthly and yearly returns.
We are providing two different views:
- Histogram: it shows the distribution of the returns recorded so far
- Plain Table: it shows the detailed monthly and yearly returns
MONTHLY RETURNS HISTOGRAM
May 2009 - May 2023
97 Positive Months (57%) - 72 Negative Months (43%)
MONTHLY RETURNS TABLE
May 2009 - May 2023
(Scroll down to see all data)
Swipe left to see all data
Yearly Return(%) |
Monthly Return(%) |
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Total | Infl.Adj | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2023 |
+4.15 | +1.90 | 8.8 | -3.1 | 0.9 | 1.6 | -3.5 | |||||||
| 2022 |
-21.47 | -26.23 | -5.8 | -1.9 | 0.1 | -7.4 | 0.8 | -10.4 | 5.9 | -4.7 | -10.8 | 3.7 | 11.3 | -2.3 |
| 2021 |
+13.07 | +5.63 | -0.6 | 4.0 | 2.0 | 4.3 | 2.5 | -0.1 | 0.9 | 1.7 | -4.1 | 3.2 | -4.5 | 3.7 |
| 2020 |
+11.84 | +10.34 | -3.8 | -7.8 | -20.6 | 11.6 | 6.4 | 4.0 | 5.3 | 5.9 | -1.9 | -2.7 | 13.1 | 6.9 |
| 2019 |
+21.36 | +18.65 | 7.5 | 2.1 | 0.3 | 2.5 | -5.3 | 5.0 | -2.2 | -2.6 | 2.1 | 3.7 | 1.8 | 5.3 |
| 2018 |
-18.47 | -20.00 | 4.4 | -4.4 | 0.2 | 0.3 | -0.1 | -2.8 | 1.0 | -1.7 | -1.7 | -10.1 | 1.1 | -5.6 |
| 2017 |
+30.60 | +27.90 | 4.8 | 1.6 | 2.6 | 2.8 | 2.1 | 1.2 | 3.6 | 0.9 | 2.1 | 1.5 | 0.9 | 3.1 |
| 2016 |
+4.26 | +2.14 | -6.7 | 0.5 | 7.3 | 3.0 | -0.4 | -2.0 | 5.0 | -0.5 | 2.9 | -3.0 | -2.2 | 1.1 |
| 2015 |
-0.01 | -0.73 | -0.6 | 6.3 | -1.3 | 5.6 | 0.2 | -2.3 | -2.9 | -5.7 | -2.3 | 4.7 | 0.2 | -1.1 |
| 2014 |
-5.06 | -5.77 | -2.6 | 7.2 | -0.6 | 1.0 | 1.3 | 2.3 | -3.0 | 1.5 | -6.3 | -1.5 | -1.9 | -2.0 |
| 2013 |
+16.60 | +14.88 | 3.0 | -0.2 | 1.1 | 2.5 | -2.5 | -4.5 | 5.2 | -1.0 | 7.3 | 3.6 | -0.5 | 2.2 |
| 2012 |
+20.73 | +18.66 | 9.0 | 6.4 | -1.1 | -1.4 | -11.0 | 4.2 | 0.0 | 3.1 | 5.1 | -0.2 | 1.3 | 5.0 |
| 2011 |
-19.63 | -21.94 | -0.8 | 1.7 | 1.3 | 5.2 | -2.1 | -2.1 | -1.4 | -8.9 | -14.9 | 9.3 | -2.8 | -3.9 |
| 2010 |
+25.60 | +23.75 | -3.1 | 0.5 | 7.5 | 1.0 | -12.0 | -0.8 | 10.4 | -1.9 | 12.3 | 4.7 | -2.7 | 9.9 |
| 2009 |
- | - | 16.8 | -1.2 | 8.7 | 5.0 | 7.0 | -2.7 | 4.4 | 1.9 | ||||
