Vanguard FTSE All-World EX-US Small-Cap Index Fund (VSS)
Market Price (6/6/2026): $154.44
Vanguard FTSE All-World EX-US Small-Cap Index Fund (VSS)
Market Price (6/6/2026): $154.44
Asset Allocation with VSS
Valuation & Yield
| 6/6/26 | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Share Price CYE | $154.39 | $143.33 | $110.59 | $107.44 | $91.32 | $116.29 |
| Dividend/Share TTM | $1.50 | $1.50 | $3.94 | $5.67 | $2.36 | $3.67 |
Valuation [1] | ||||||
| P/S TTM | 1.07 | 1.18 | 1.05 | 1.07 | 0.74 | 1.08 |
| P/E TTM | 20.98 | 26.45 | 23.79 | 19.04 | 5.49 | 7.59 |
Yields TTM | ||||||
| Earnings Yield | 4.77% | 3.78% | 4.20% | 5.25% | 18.22% | 13.17% |
| Dividend Yield | 0.97% | 1.05% | 3.57% | 5.27% | 2.59% | 3.16% |
| Total Yield (TY) | 5.74% | 4.83% | 7.77% | 10.53% | 20.81% | 16.33% |
Risk Premium [2] | ||||||
| Risk Free Rate (Rf) | 4.47% | 4.18% | 4.58% | 3.88% | 3.88% | 1.52% |
| Risk Prem. (TY - Rf) | 1.27% | 0.65% | 3.19% | 6.65% | 16.93% | 14.81% |
[1] P/E uses aggregate method (profitable constituents only); P/S uses all constituents. Ratios reflect current ETF holdings at current weights.
[2] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
Top 20 Holdings for VSS
Total Weights Top 5: 0.2% | Top 10: 0.2% | Top 20: 0.2%
| Ticker | Holding | Weight |
|---|---|---|
| null | N/A | 0.18% |
Performance for VSS Top Holdings
| Ticker | Holding | Weight | Mkt Price6/5 | 1D Rtn | 1M Rtn | YTD Rtn | 1Y Rtn | 3Y Rtn | 5Y Rtn | 10Y Rtn |
|---|---|---|---|---|---|---|---|---|---|---|
| VSS | Vanguard FTSE All-World EX-US Small-Cap Index Fund | 100.00% | 154.39 | -3.5% | -4.6% | 7.7% | 23.0% | 57.4% | 31.3% | 112.5% |
| null | N/A | 0.18% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VSS Return | 13% | -21% | 18% | 3% | 30% | 12% | 56% |
| Peers Return | 11% | -19% | 14% | 2% | 32% | 11% | 52% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| VSS Win Rate | 67% | 42% | 58% | 58% | 83% | 67% | |
| Peers Win Rate | 67% | 36% | 58% | 58% | 78% | 67% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| VSS Max Drawdown | -8% | -32% | -14% | -8% | -13% | -12% | |
| Peers Max Drawdown | -10% | -32% | -15% | -10% | -13% | -12% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SCZ, SCHC, FNDC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/5/2026 (YTD)
Sharpe Ratios Compared
One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.
Results as of 5312026.How Low Can It Go
| Event | VSS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -11.7% | -18.8% |
| % Gain to Breakeven | 13.3% | 23.1% |
| Time to Breakeven | 16 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.2% | -9.5% |
| % Gain to Breakeven | 15.2% | 10.5% |
| Time to Breakeven | 49 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -31.9% | -24.5% |
| % Gain to Breakeven | 46.9% | 32.4% |
| Time to Breakeven | 706 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.2% | -33.7% |
| % Gain to Breakeven | 61.8% | 50.9% |
| Time to Breakeven | 200 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -16.7% | -19.2% |
| % Gain to Breakeven | 20.1% | 23.8% |
| Time to Breakeven | 329 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.0% | -12.2% |
| % Gain to Breakeven | 17.6% | 13.9% |
| Time to Breakeven | 68 days | 62 days |
In The Past
Vanguard FTSE All-World EX-US Small-Cap Index Fund's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | VSS | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -31.9% | -24.5% |
| % Gain to Breakeven | 46.9% | 32.4% |
| Time to Breakeven | 706 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.2% | -33.7% |
| % Gain to Breakeven | 61.8% | 50.9% |
| Time to Breakeven | 200 days | 140 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -21.9% | -6.8% |
| % Gain to Breakeven | 28.0% | 7.3% |
| Time to Breakeven | 399 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.8% | -17.9% |
| % Gain to Breakeven | 36.7% | 21.8% |
| Time to Breakeven | 582 days | 123 days |
In The Past
Vanguard FTSE All-World EX-US Small-Cap Index Fund's stock fell -11.7% during the 2025 US Tariff Shock. Such a loss loss requires a 13.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
About VSS
| Holdings Count: 4816Expense Ratio: 0.06%Inception Date: 2009-04-02 | Vanguard FTSE All-World ex-US Small-Cap ETFAttempts to track the performance of the FTSE Global Small Cap ex US Index. Provides a convenient way to get broad exposure across developed and emerging non-U.S. small-cap equity markets around the world. Passively managed, using index sampling.Asset Class: International Equity | ETF Website |
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| FinViz |
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