Vanguard FTSE All-World ex-US (VEU): Historical Returns

Data Source: from January 1970 to September 2023 (~54 years)
Consolidated Returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Category: Stocks
ETF: Vanguard FTSE All-World ex-US (VEU)
ETF • LIVE PERFORMANCE (USD currency)
1.20%
1 Day
Oct 02 2023, 04:00PM Eastern Time
1.20%
Current Month
October 2023

In the last 30 Years, the Vanguard FTSE All-World ex-US (VEU) ETF obtained a 4.67% compound annual return, with a 16.99% standard deviation.

Table of contents

The ETF is related to the following investment themes:

  • Asset Class: Equity
  • Size: Large Cap
  • Style: Blend
  • Region: Global ex-US
  • Country: Broad Global ex-US

The Vanguard FTSE All-World ex-US (VEU) ETF is part of the following Lazy Portfolios:

Portfolio Name Author VEU Weight
Margaritaville Scott Burns 33.00%
LifeStrategy Growth Fund Vanguard 32.00%
Ideal Index Frank Armstrong 31.00%
Three Funds Bogleheads 30.00%
Four Funds Bogleheads 30.00%
Second Grader's Starter Paul Farrell 30.00%
No Brainer Portfolio Bill Bernstein 25.00%
Four Square Scott Burns 25.00%
Core Four Rick Ferri 24.00%
LifeStrategy Moderate Growth Vanguard 24.00%
Edge Select Aggressive Merrill Lynch 21.00%
Ivy Portfolio Mebane Faber 20.00%
Five Asset Roger Gibson 20.00%
Five Fold Scott Burns 20.00%
Simple and Cheap Time Inc 20.00%
Edge Select Moderately Aggressive Merrill Lynch 17.00%
Six Ways from Sunday Scott Burns 16.66%
LifeStrategy Conservative Growth Vanguard 16.00%
Lazy Portfolio David Swensen 15.00%
Global Market Portfolio Credit Suisse 15.00%
Tilt Toward Value Time Inc 15.00%
Seven Value Scott Burns 14.25%
Lifepath Fund iShares 13.67%
Edge Select Moderate Merrill Lynch 13.00%
Coffeehouse Bill Schultheis 10.00%
Rob Arnott Portfolio Rob Arnott 10.00%
Edge Select Moderately Conservative Merrill Lynch 9.00%
LifeStrategy Income Fund Vanguard 8.00%
Sandwich Portfolio Bob Clyatt 6.00%
Dimensional 2030 Retirement Income DFA 5.20%
Edge Select Conservative Merrill Lynch 5.00%
Big Rocks Portfolio Larry Swedroe 3.00%

Investment Returns as of Sep 30, 2023

The Vanguard FTSE All-World ex-US (VEU) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
VANGUARD FTSE ALL-WORLD EX-US (VEU) ETF
Consolidated returns as of 30 September 2023
Live Update: Oct 02 2023, 04:00PM Eastern Time
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Sep 30, 2023
  1 Day Time ET(*) Oct 2023 1M 6M 1Y 5Y 10Y 30Y MAX
(~54Y)
Vanguard FTSE All-World ex-US (VEU) ETF -1.20 -1.20 -3.37 -1.36 20.64 2.90 3.64 4.67 7.97
US Inflation Adjusted return -3.37 -3.03 16.62 -1.05 0.87 2.08 3.84
Returns over 1 year are annualized | Available data source: since Jan 1970
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Aug 2023. Waiting for updates, inflation of Sep 2023 is set to 0%. Current inflation (annualized) is 1Y: 3.44% , 5Y: 3.99% , 10Y: 2.75% , 30Y: 2.53%

In 2022, the Vanguard FTSE All-World ex-US (VEU) ETF granted a 2.58% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard FTSE All-World ex-US (VEU) ETF: Dividend Yield page.

Capital Growth as of Sep 30, 2023

An investment of 1$, since October 1993, now would be worth 3.93$, with a total return of 292.88% (4.67% annualized).

The Inflation Adjusted Capital now would be 1.86$, with a net total return of 85.68% (2.08% annualized).
An investment of 1$, since January 1970, now would be worth 61.62$, with a total return of 6062.47% (7.97% annualized).

The Inflation Adjusted Capital now would be 7.57$, with a net total return of 656.70% (3.84% annualized).

Investment Metrics as of Sep 30, 2023

Metrics of Vanguard FTSE All-World ex-US (VEU) ETF, updated as of 30 September 2023.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
VANGUARD FTSE ALL-WORLD EX-US (VEU) ETF
Advanced Metrics
Data Source: 1 January 1970 - 30 September 2023 (~54 years)
Swipe left to see all data
Metrics as of Sep 30, 2023
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~54Y)
Investment Return (%) -3.37 -4.13 -1.36 20.64 3.95 2.90 3.64 6.16 4.67 7.97
Infl. Adjusted Return (%) details -3.37 -4.73 -3.03 16.62 -1.61 -1.05 0.87 3.51 2.08 3.84
US Inflation (%) 0.00 0.63 1.72 3.44 5.66 3.99 2.75 2.56 2.53 3.98
Waiting for updates, inflation of Sep 2023 is temporarily set to 0%. Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -7.61 -27.60 -27.60 -27.60 -58.35 -58.35 -58.35
Start to Recovery (# months) details 2* 28* 28* 28* 114 114 114
Start (yyyy mm) 2023 08 2021 06 2021 06 2021 06 2007 11 2007 11 2007 11
Start to Bottom (# months) 2 16 16 16 16 16 16
Bottom (yyyy mm) 2023 09 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 0 12 12 12 98 98 98
End (yyyy mm) - - - - 2017 04 2017 04 2017 04
Longest Drawdown Depth (%) -4.39
same as
deepest

same as
deepest
-24.27
same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details 3 34
Start (yyyy mm) 2023 02 2021 06 2021 06 2018 02 2007 11 2007 11 2007 11
Start to Bottom (# months) 1 16 16 26 16 16 16
Bottom (yyyy mm) 2023 02 2022 09 2022 09 2020 03 2009 02 2009 02 2009 02
Bottom to End (# months) 2 12 12 8 98 98 98
End (yyyy mm) 2023 04 - - 2020 11 2017 04 2017 04 2017 04
Longest negative period (# months) details 8* 33* 49 77 150 150 172
Period Start (yyyy mm) 2023 02 2021 01 2018 10 2013 11 2007 10 2007 10 1988 12
Period End (yyyy mm) 2023 09 2023 09 2022 10 2020 03 2020 03 2020 03 2003 03
Annualized Return (%) -4.48 -1.34 -0.27 -0.16 -0.20 -0.20 -0.28
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -8.02 -34.34 -34.34 -34.34 -58.98 -58.98 -58.98
Start to Recovery (# months) details 2* 28* 28* 28* 123 123 123
Start (yyyy mm) 2023 08 2021 06 2021 06 2021 06 2007 11 2007 11 2007 11
Start to Bottom (# months) 2 16 16 16 16 16 16
Bottom (yyyy mm) 2023 09 2022 09 2022 09 2022 09 2009 02 2009 02 2009 02
Bottom to End (# months) 0 12 12 12 107 107 107
End (yyyy mm) - - - - 2018 01 2018 01 2018 01
Longest Drawdown Depth (%) -4.92
same as
deepest

same as
deepest
-27.28
same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details 6 35
Start (yyyy mm) 2023 02 2021 06 2021 06 2018 02 2007 11 2007 11 2007 11
Start to Bottom (# months) 1 16 16 26 16 16 16
Bottom (yyyy mm) 2023 02 2022 09 2022 09 2020 03 2009 02 2009 02 2009 02
Bottom to End (# months) 5 12 12 9 107 107 107
End (yyyy mm) 2023 07 - - 2020 12 2018 01 2018 01 2018 01
Longest negative period (# months) details 10* 36* 60* 109 197 197 263
Period Start (yyyy mm) 2022 12 2020 10 2018 10 2013 10 2006 05 2006 05 1987 04
Period End (yyyy mm) 2023 09 2023 09 2023 09 2022 10 2022 09 2022 09 2009 02
Annualized Return (%) -0.02 -1.61 -1.05 -0.41 -0.07 -0.07 -0.40
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 18.38 17.17 17.72 14.76 17.49 16.99 17.30
Sharpe Ratio 0.88 0.14 0.08 0.18 0.28 0.14 0.23
Sortino Ratio 1.36 0.20 0.10 0.25 0.38 0.19 0.32
Ulcer Index 2.98 11.02 10.14 9.78 16.81 18.04 15.66
Ratio: Return / Standard Deviation 1.12 0.23 0.16 0.25 0.35 0.27 0.46
Ratio: Return / Deepest Drawdown 2.71 0.14 0.11 0.13 0.11 0.08 0.14
% Positive Months details 58% 52% 56% 57% 59% 58% 59%
Positive Months 7 19 34 69 142 212 382
Negative Months 5 17 26 51 98 148 263
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 3.64 9.99 10.90 23.88
Worst 10 Years Return (%) - Annualized 1.13 -0.21 -0.21
Best 10 Years Return (%) - Annualized 0.87 8.08 8.33 16.31
Worst 10 Years Return (%) - Annualized -0.67 -2.72 -3.08
ROLLING PERIOD RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 66.32 32.56 25.48 10.90 7.64 4.67
Worst Rolling Return (%) - Annualized -51.47 -19.17 -6.99 -0.21 2.45
% Positive Periods 64% 76% 80% 99% 100% 100%
Best Rolling Return (%) - Annualized 62.83 29.02 21.97 8.33 5.01 2.08
Worst Rolling Return (%) - Annualized -51.59 -21.12 -9.32 -2.72 0.37
% Positive Periods 59% 67% 64% 87% 100% 100%
Over all the available data source (Jan 1970 - Sep 2023)
Best Rolling Return (%) - Annualized 88.60 57.29 40.26 23.88 16.32 12.75
Worst Rolling Return (%) - Annualized -51.47 -19.17 -6.99 -0.21 1.34 3.93
% Positive Periods 68% 81% 87% 99% 100% 100%
Best Rolling Return (%) - Annualized 85.68 52.66 35.99 16.31 9.50 7.49
Worst Rolling Return (%) - Annualized -51.59 -21.12 -9.32 -3.08 -1.44 1.42
% Positive Periods 60% 66% 69% 89% 98% 100%
WITHDRAWAL RATES (WR)
1Y 3Y 5Y 10Y 20Y 30Y MAX
Safe WR (%) 36.04 20.49 10.97 8.67 4.61 4.93
Perpetual WR (%) 0.00 0.00 0.87 3.39 2.04 3.70
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed
  • 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 portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio 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 portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation)
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum 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).
Analyze your Portfolio: Backtest Now!
Explore historical data since 1871 and fine-tune your investment strategy for better results.

Correlations as of Sep 30, 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.

Monthly correlations of Vanguard FTSE All-World ex-US (VEU) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

VANGUARD FTSE ALL-WORLD EX-US (VEU) ETF
Monthly correlations as of 30 September 2023
Swipe left to see all data
Correlation vs VEU
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.78
0.89
0.86
0.84
0.81
SPY
US Large Cap
0.78
0.88
0.86
0.82
0.80
IJR
US Small Cap
0.64
0.87
0.76
0.75
0.73
VNQ
US REITs
0.89
0.80
0.64
0.60
0.58
QQQ
US Technology
0.59
0.78
0.76
0.66
0.63
PFF
Preferred Stocks
0.72
0.78
0.68
0.49
0.47
EFA
EAFE Stocks
0.99
0.99
0.98
0.99
0.99
VT
World All Countries
0.93
0.96
0.95
0.96
0.95
EEM
Emerging Markets
0.95
0.92
0.91
0.86
0.83
VGK
Europe
0.95
0.97
0.96
0.94
0.93
VPL
Pacific
0.99
0.96
0.95
0.89
0.89
FLLA
Latin America
0.64
0.70
0.69
0.75
0.73
BND
US Total Bond Market
0.83
0.51
0.39
0.15
0.16
TLT
Long Term Treasuries
0.79
0.12
0.03
-0.13
-0.12
BIL
US Cash
-0.39
-0.09
-0.06
-0.04
-0.05
TIP
TIPS
0.78
0.55
0.45
0.20
0.20
LQD
Invest. Grade Bonds
0.90
0.69
0.60
0.34
0.34
HYG
High Yield Bonds
0.87
0.83
0.79
0.68
0.66
CWB
US Convertible Bonds
0.74
0.83
0.81
0.79
0.76
BNDX
International Bonds
0.73
0.47
0.34
0.16
0.16
EMB
Emerg. Market Bonds
0.95
0.83
0.78
0.61
0.60
GLD
Gold
0.72
0.30
0.21
0.21
0.21
DBC
Commodities
0.50
0.62
0.55
0.46
0.45

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

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 (VEU) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1970 - 30 September 2023 (~54 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-58.35% Nov 2007 Feb 2009 16 Apr 2017 98 114 22.75
-47.30% Jan 2000 Mar 2003 39 Aug 2005 29 68 26.23
-27.60% Jun 2021 Sep 2022 16 in progress 12 28 12.44
-24.27% Feb 2018 Mar 2020 26 Nov 2020 8 34 10.58
-16.13% Aug 1997 Sep 1998 14 Dec 1998 3 17 8.22
-13.15% Sep 1994 Feb 1995 6 Mar 1996 13 19 5.48
-9.37% Nov 1993 Nov 1993 1 Jan 1994 2 3 5.07
-5.00% May 1999 May 1999 1 Jul 1999 2 3 2.54
-4.81% May 2006 Jun 2006 2 Oct 2006 4 6 2.91
-4.41% May 1996 Jan 1997 9 May 1997 4 13 2.63
-3.37% Oct 2005 Oct 2005 1 Dec 2005 2 3 1.73
-3.02% Mar 1994 Mar 1994 1 Apr 1994 1 2 1.74
-2.77% Jan 1999 Feb 1999 2 Mar 1999 1 3 1.42
-1.77% Jul 2007 Aug 2007 2 Sep 2007 1 3 1.03
-0.72% Feb 2006 Feb 2006 1 Mar 2006 1 2 0.42
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-58.98% Nov 2007 Feb 2009 16 Jan 2018 107 123 26.70
-51.85% Jan 2000 Mar 2003 39 Jan 2006 34 73 29.78
-34.34% Jun 2021 Sep 2022 16 in progress 12 28 19.10
-27.28% Feb 2018 Mar 2020 26 Dec 2020 9 35 12.64
-17.72% Aug 1997 Sep 1998 14 Mar 1999 6 20 8.38
-14.24% Sep 1994 Feb 1995 6 Apr 1996 14 20 6.81
-9.43% Nov 1993 Nov 1993 1 Jan 1994 2 3 5.11
-6.09% May 1996 Jan 1997 9 May 1997 4 13 3.78
-5.47% May 2006 Jun 2006 2 Oct 2006 4 6 3.48
-5.00% May 1999 May 1999 1 Jul 1999 2 3 2.54
-3.35% Mar 1994 Mar 1994 1 Jun 1994 3 4 1.52
-1.56% Jul 2007 Aug 2007 2 Sep 2007 1 3 0.94
-0.92% Feb 2006 Feb 2006 1 Mar 2006 1 2 0.53
-0.48% Feb 2007 Feb 2007 1 Mar 2007 1 2 0.28
-0.05% Jan 2021 Jan 2021 1 Feb 2021 1 2 0.03
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-58.35% Nov 2007 Feb 2009 16 Apr 2017 98 114 22.75
-47.30% Jan 2000 Mar 2003 39 Aug 2005 29 68 26.23
-36.95% Jan 1973 Sep 1974 21 Jan 1976 16 37 15.09
-31.21% Jan 1990 Sep 1990 9 Jan 1994 40 49 20.31
-28.71% Jan 1970 Jun 1970 6 Apr 1971 10 16 16.09
-28.62% Dec 1980 Jul 1982 20 Mar 1983 8 28 12.93
-27.60% Jun 2021 Sep 2022 16 in progress 12 28 12.44
-24.27% Feb 2018 Mar 2020 26 Nov 2020 8 34 10.58
-16.13% Aug 1997 Sep 1998 14 Dec 1998 3 17 8.22
-13.46% Sep 1987 Oct 1987 2 Mar 1988 5 7 8.36
-13.15% Sep 1994 Feb 1995 6 Mar 1996 13 19 5.48
-11.44% Feb 1976 Nov 1976 10 Aug 1977 9 19 6.51
-10.89% Feb 1980 Mar 1980 2 Jul 1980 4 6 5.17
-9.43% May 1988 Aug 1988 4 Nov 1988 3 7 4.81
-8.70% Sep 1986 Oct 1986 2 Dec 1986 2 4 4.29
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-58.98% Nov 2007 Feb 2009 16 Jan 2018 107 123 26.70
-51.85% Jan 2000 Mar 2003 39 Jan 2006 34 73 29.78
-47.04% Jan 1973 Sep 1974 21 Nov 1980 74 95 23.27
-38.38% Jan 1990 Oct 1992 34 Apr 1999 78 112 20.42
-37.40% Dec 1980 Jul 1982 20 Jan 1985 30 50 16.12
-34.34% Jun 2021 Sep 2022 16 in progress 12 28 19.10
-30.73% Jan 1970 Jun 1970 6 Dec 1971 18 24 15.58
-27.28% Feb 2018 Mar 2020 26 Dec 2020 9 35 12.64
-14.13% Sep 1987 Oct 1987 2 Mar 1988 5 7 8.97
-10.88% May 1988 Aug 1988 4 Nov 1988 3 7 5.90
-9.80% Mar 1989 Jun 1989 4 Jul 1989 1 5 5.22
-9.20% Sep 1986 Oct 1986 2 Dec 1986 2 4 4.64
-5.47% May 2006 Jun 2006 2 Oct 2006 4 6 3.48
-5.00% May 1999 May 1999 1 Jul 1999 2 3 2.54
-4.19% Jun 1987 Jul 1987 2 Aug 1987 1 3 2.71

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 (VEU) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1970 - 30 September 2023 (~54 years)
Inflation Adjusted:
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -51.47 03/2008
02/2009
0.48$ -12.67 0.87$ 7.84 1.07$ 24.49 1.24$ 66.32 03/2009
02/2010
1.66$ 20.64 35.82%
2Y -28.53 03/2007
02/2009
0.51$ -6.65 0.87$ 5.35 1.10$ 19.35 1.42$ 42.02 03/2009
02/2011
2.01$ -4.75 30.27%
3Y -19.17 04/2000
03/2003
0.52$ -2.96 0.91$ 5.29 1.16$ 12.93 1.44$ 32.56 04/2003
03/2006
2.32$ 3.95 23.38%
5Y -6.99 04/1998
03/2003
0.69$ -0.56 0.97$ 4.25 1.23$ 10.27 1.63$ 25.48 11/2002
10/2007
3.11$ 2.90 19.93%
7Y -3.15 04/1996
03/2003
0.79$ 1.58 1.11$ 4.82 1.39$ 8.05 1.71$ 13.78 04/2003
03/2010
2.46$ 4.91 6.86%
10Y -0.21 03/1999
02/2009
0.97$ 2.34 1.26$ 5.26 1.66$ 7.85 2.12$ 10.90 04/2003
03/2013
2.81$ 3.64 0.41%
15Y 0.66 11/2007
10/2022
1.10$ 3.45 1.66$ 4.81 2.02$ 5.99 2.39$ 9.47 02/2003
01/2018
3.88$ 4.40 0.00%
20Y 2.45 04/2000
03/2020
1.62$ 4.21 2.27$ 5.04 2.67$ 6.50 3.52$ 7.64 04/2003
03/2023
4.35$ 6.16 0.00%
30Y 4.67 10/1993
09/2023
3.92$ 4.67 3.92$ 4.67 3.92$ 4.67 3.92$ 4.67 10/1993
09/2023
3.92$ 4.67 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -51.59 03/2008
02/2009
0.48$ -14.31 0.85$ 4.82 1.04$ 20.79 1.20$ 62.83 03/2009
02/2010
1.62$ 16.62 40.11%
2Y -30.01 03/2007
02/2009
0.48$ -9.63 0.81$ 3.20 1.06$ 15.47 1.33$ 39.07 03/2009
02/2011
1.93$ -9.97 38.87%
3Y -21.12 04/2000
03/2003
0.49$ -5.65 0.83$ 3.02 1.09$ 10.40 1.34$ 29.02 04/2003
03/2006
2.14$ -1.61 32.62%
5Y -9.32 04/1998
03/2003
0.61$ -2.72 0.87$ 2.04 1.10$ 7.85 1.45$ 21.97 11/2002
10/2007
2.69$ -1.05 35.88%
7Y -5.44 04/1996
03/2003
0.67$ -0.44 0.96$ 2.52 1.19$ 5.79 1.48$ 11.10 04/2003
03/2010
2.08$ 1.37 19.49%
10Y -2.72 03/1999
02/2009
0.75$ 0.27 1.02$ 3.12 1.35$ 5.32 1.67$ 8.33 04/2003
03/2013
2.22$ 0.87 12.03%
15Y -1.70 11/2007
10/2022
0.77$ 1.05 1.17$ 2.47 1.44$ 3.78 1.74$ 7.23 02/2003
01/2018
2.84$ 2.07 6.08%
20Y 0.37 04/2000
03/2020
1.07$ 2.03 1.49$ 2.74 1.71$ 4.09 2.22$ 5.01 04/2003
03/2023
2.65$ 3.51 0.00%
30Y 2.08 10/1993
09/2023
1.85$ 2.08 1.85$ 2.08 1.85$ 2.08 1.85$ 2.08 10/1993
09/2023
1.85$ 2.08 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -51.47 03/2008
02/2009
0.48$ -10.88 0.89$ 9.52 1.09$ 29.92 1.29$ 88.60 09/1985
08/1986
1.88$ 20.64 31.70%
2Y -28.53 03/2007
02/2009
0.51$ -4.61 0.90$ 7.72 1.16$ 22.82 1.50$ 73.16 05/1985
04/1987
2.99$ -4.75 25.40%
3Y -19.17 04/2000
03/2003
0.52$ -0.90 0.97$ 6.63 1.21$ 20.93 1.76$ 57.29 06/1984
05/1987
3.89$ 3.95 18.03%
5Y -6.99 04/1998
03/2003
0.69$ 0.57 1.02$ 6.71 1.38$ 15.98 2.09$ 40.26 08/1982
07/1987
5.42$ 2.90 12.12%
7Y -3.15 04/1996
03/2003
0.79$ 2.72 1.20$ 6.68 1.57$ 14.17 2.52$ 31.92 08/1982
07/1989
6.95$ 4.91 3.38%
10Y -0.21 03/1999
02/2009
0.97$ 3.11 1.35$ 6.97 1.96$ 16.38 4.55$ 23.88 05/1977
04/1987
8.51$ 3.64 0.19%
15Y 0.23 04/1988
03/2003
1.03$ 3.58 1.69$ 6.91 2.72$ 14.83 7.96$ 20.41 10/1974
09/1989
16.22$ 4.40 0.00%
20Y 1.34 03/1989
02/2009
1.30$ 4.58 2.45$ 7.49 4.24$ 13.13 11.79$ 16.32 07/1970
06/1990
20.54$ 6.16 0.00%
30Y 3.93 01/1989
12/2018
3.18$ 4.92 4.22$ 8.74 12.34$ 10.79 21.60$ 12.75 07/1970
06/2000
36.55$ 4.67 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -51.59 03/2008
02/2009
0.48$ -14.01 0.85$ 5.46 1.05$ 24.84 1.24$ 85.68 09/1985
08/1986
1.85$ 16.62 39.59%
2Y -30.01 03/2007
02/2009
0.48$ -8.83 0.83$ 3.51 1.07$ 17.48 1.38$ 68.65 05/1985
04/1987
2.84$ -9.97 36.66%
3Y -21.12 04/2000
03/2003
0.49$ -5.68 0.83$ 3.53 1.10$ 15.28 1.53$ 52.66 06/1984
05/1987
3.55$ -1.61 33.28%
5Y -9.32 04/1998
03/2003
0.61$ -2.40 0.88$ 2.91 1.15$ 11.41 1.71$ 35.99 08/1982
07/1987
4.65$ -1.05 30.55%
7Y -5.44 04/1996
03/2003
0.67$ -0.21 0.98$ 3.32 1.25$ 9.30 1.86$ 27.41 08/1982
07/1989
5.44$ 1.37 16.19%
10Y -3.08 08/1972
07/1982
0.73$ 0.36 1.03$ 3.53 1.41$ 11.59 2.99$ 16.31 06/1977
05/1987
4.53$ 0.87 10.84%
15Y -2.79 04/1988
03/2003
0.65$ 1.22 1.19$ 4.02 1.80$ 9.06 3.67$ 13.37 10/1974
09/1989
6.56$ 2.07 8.37%
20Y -1.44 03/1989
02/2009
0.74$ 2.28 1.56$ 4.46 2.39$ 7.43 4.18$ 9.50 07/1970
06/1990
6.13$ 3.51 1.72%
30Y 1.42 01/1989
12/2018
1.52$ 2.40 2.03$ 5.03 4.36$ 6.24 6.14$ 7.49 11/1977
10/2007
8.74$ 2.08 0.00%
Annualized rolling and percentiles/median 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 (VEU) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in Vanguard FTSE All-World ex-US (VEU) ETF?

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.
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
2.17
60%
-2.07
40%
-2.01
60%
1.53
80%
0.10
60%
1.33
60%
1.57
60%
-1.06
40%
-3.05
20%
-0.15
60%
4.79
80%
1.29
60%
Best 8.7
2023
2.1
2021
2.8
2023
6.8
2020
4.7
2020
5.9
2019
3.9
2020
4.4
2020
2.8
2019
3.4
2019
13.1
2022
5.7
2020
Worst -3.4
2020
-6.6
2020
-15.1
2020
-6.5
2022
-5.5
2019
-7.7
2022
-1.8
2019
-4.4
2022
-9.7
2022
-8.3
2018
-4.3
2021
-4.9
2018
Monthly Seasonality over the period Feb 1970 - Sep 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
0.93
50%
-0.53
50%
-0.01
60%
1.86
90%
0.17
50%
0.32
50%
1.66
60%
-1.30
50%
-2.03
40%
0.97
70%
2.12
60%
0.54
60%
Best 8.7
2023
5.8
2015
8.3
2016
6.8
2020
4.7
2020
5.9
2019
4.2
2016
4.4
2020
2.8
2019
6.7
2015
13.1
2022
5.7
2020
Worst -5.8
2014
-6.6
2020
-15.1
2020
-6.5
2022
-5.5
2019
-7.7
2022
-1.8
2019
-7.7
2015
-9.7
2022
-8.3
2018
-4.3
2021
-4.9
2018
Monthly Seasonality over the period Feb 1970 - Sep 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
0.67
52%
0.48
61%
1.19
63%
2.25
74%
-0.12
44%
0.13
48%
1.07
61%
-0.15
56%
-0.68
54%
0.91
58%
1.39
66%
2.10
74%
Best 11.8
1975
11.1
1991
12.7
1986
13.2
2009
15.2
2009
7.4
1986
12.2
1989
12.1
1982
10.6
2010
17.8
1974
13.1
2022
9.4
1999
Worst -13.0
2009
-9.2
2009
-15.1
2020
-10.8
1970
-11.4
2012
-8.4
2008
-9.8
2002
-13.7
1998
-14.2
1990
-22.8
2008
-10.1
1973
-4.9
2018
Monthly Seasonality over the period Feb 1970 - Sep 2023

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the Vanguard FTSE All-World ex-US (VEU) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

VANGUARD FTSE ALL-WORLD EX-US (VEU) ETF
Monthly Returns Distribution
Data Source: 1 October 1993 - 30 September 2023 (30 Years)
Data Source: 1 January 1970 - 30 September 2023 (~54 years)
212 Positive Months (59%) - 148 Negative Months (41%)
382 Positive Months (59%) - 263 Negative Months (41%)
Swipe left to see all data
(Scroll down to see all data)
Investment Returns, up to December 2007, are simulated.
They have been derived using the historical series of equivalent ETFs / Assets.

Analyze your Portfolio: Backtest Now!
Explore historical data since 1871 and fine-tune your investment strategy for better results.