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
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%
Live update: World Markets and Indexes
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$, with a net total return of 85.68% (2.08% annualized).
The Inflation Adjusted Capital now would be 1.86$, 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$, with a net total return of 656.70% (3.84% annualized).
The Inflation Adjusted Capital now would be 7.57$, with a net total return of 656.70% (3.84% annualized).
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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 | ||||
- 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).
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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.
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)
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)
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.
For further information about the seasonality, check the Asset Class Seasonality page.
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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 |
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
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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 |
0.93
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%)
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(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.
They have been derived using the historical series of equivalent ETFs / Assets.
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