Vanguard FTSE Developed Markets ETF (VEA)


Market Price (9/4/2026): $73.62

Vanguard FTSE Developed Markets ETF (VEA)


Market Price (9/4/2026): $73.62

Key Takeaways

  • VEA has returned +18.4% YTD vs +13.7% for SPY; +29.6% over the past 12 months (SPY +21.1%). details →
  • Priced in gold, VEA has returned -22.8% over the past 3 years, vs +76.0% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, VEA has seen net inflows of +$939M (+0.4% of assets). details →
  • VEA is trading at an all-time high. details →
  • VEA's +18.4% YTD is ahead of its typical pace — it averaged +7.3% at this point (September 3) over the past 5 years. details →
Last updated: 9/3/2026.

Price Chart

Asset Allocation with VEA

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+9.0%
Volatility
11.1%
Sharpe
0.58
YTD
+12.3%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

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Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
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[2] Tax-Efficient Strategies

Valuation & Yield

 Forward [4,5]NowHistorical (CYE & TTM)
 9/30/279/4/2620252024202320222021
Share Price CYE $73.44$62.04$45.90$44.50$37.73$44.57
Dividend/Share TTM $1.81$2.01$1.60$1.51$1.22$1.61

Valuation [1]
       
P/S1.421.520.891.241.291.111.16
P/E 11.457.8525.3612.0010.639.07
P/E (Non-GAAP) [2]9.9010.4910.8712.1114.1016.1312.86
P/FCF 11.6318.1816.6316.7316.0837.06

Yields TTM
       
Earnings Yield10.10%8.73%12.75%3.94%8.33%9.41%11.02%
Dividend Yield2.47%2.47%3.24%3.50%3.40%3.24%3.62%
Total Yield (TY)12.57%11.20%15.98%7.44%11.73%12.65%14.64%

Risk Premium [3]
       
Risk Free Rate (Rf)4.79%4.79%4.18%4.58%3.88%3.88%1.52%
Risk Prem. (TY - Rf)7.78%6.41%11.80%2.86%7.85%8.77%13.12%

Growth Rates [6]
       
Sales Growth1.6%10.6%14.5%-5.1%-13.8%20.1% 
Earnings Growth [7]-4.0%25.6%58.1%-46.7%-14.3%18.0% 

[1] P/E uses the aggregate method over profitable constituents; P/FCF aggregates net free cash flow across all constituents (negative-FCF names reduce it); P/S uses all constituents. Ratios reflect current ETF holdings at current weights. P/FCF has no Forward column (no analyst FCF estimate).
[2] P/E (Non-GAAP) uses analyst consensus net income (adjusted basis) for all periods. The standard P/E row above uses GAAP net income.
[3] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
Show more
[4] Forward P/S and Forward P/E determined as:
  (a) Aggregate using constituent analyst consensus. FY1/FY2 blended by months of overlap to the 12-month window ending 9/30/27.
  (b) Uses current weights and market caps. Shown only when ≥90% of weight has estimates.
[5] Forward dividend yield and risk-free rate are carried at current, not projected.
[6] Growth Rates:
  (a) Weighted by current constituent weights. Shown when ≥90% of weight is covered.
  (b) Now and Historical columns show realized year-over-year change.
  (c) Forward growth rates using next fiscal year (FY2) vs. current fiscal year (FY1) consensus. This differs from the blended target date used for calculating Forward P/S and P/E.
[7] Earnings Growth reflects:
  (a) Non-GAAP earnings growth for forward earnings using next fiscal year (FY2) vs. current fiscal year (FY1) consensus.
  (b) GAAP earnings growth for Now and Historical growth rates.

Highlights
YIELD
VEA's earnings yield is 8.73%, based on its 11.4x trailing P/E. With a 2.47% dividend yield, VEA is yielding 11.20% in total.
RISK
Compared to US Treasuries at 4.79%, VEA's total yield implies a healthy 6.41% risk premium. Healthy risk premiums suggest reasonable valuations.
FORWARD EXPECTATIONS
Based on analyst estimates, VEA's forward total yield is 12.57%, implying a 7.78% risk premium assuming stable Treasury rates.

Top 20 Holdings for VEA

Total Weights
Top 5: 5.7% | Top 10: 5.7% | Top 20: 5.7%

TickerHoldingETF WeightSales WeightEarnings WeightFwd P/SFwd P/EFwd Sales GrowthFwd Earnings Growth
Total0.14%100.00%100.00%1.49.9+1.6%-4.0%
Top 200.00%0.00%0.00%
005930.KSSamsung Electronics Co2.48%
nullN/A0.58%
000660.KSSK Hynix Inc1.94%
BHP.AXBHP.AX0.66%
[1] Total and Top 20 rows are weighted aggregates across constituents.
[2] Forward P/S and P/E ratios use consensus sales and earnings for the 12 months ending 9/30/27. Individual constituent FY1 and FY2 consensus figures adjusted to align with 9/30/27.
[3] Forward Sales and Non-GAAP Earnings Growth are calculated as next fiscal year (FY2) consensus growth over current fiscal year (FY1) consensus. They are not derived from the forward P/S and P/E multiples shown.

Performance for VEA Top Holdings

TickerHoldingWeightMkt Price
9/3
1D Rtn1M RtnYTD Rtn1Y Rtn3Y Rtn5Y Rtn10Y Rtn
VEAVanguard FTSE Developed Markets ETF100.00%73.441.2%1.7%18.4%29.6%76.0%60.5%162.1%
005930.KSSamsung Electronics Co2.48%        
nullN/A0.58%        
000660.KSSK Hynix Inc1.94%        
BHP.AXBHP.AX0.66%        

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
VEA Return12%-15%18%3%35%17%82%
Peers Return12%-11%19%4%36%16%92%
S&P 500 Return27%-19%24%23%16%12%104%

Monthly Win Rates [3]
VEA Win Rate67%42%58%58%83%56% 
Peers Win Rate65%45%57%52%90%67% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
VEA Max Drawdown-7%-29%-12%-9%-13%-12% 
Peers Max Drawdown-8%-28%-11%-10%-14%-11% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: IEFA, EFA, SCHF, FNDF, EFV.
[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 9/3/2026 (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.

Ticker1Y3Y5Y
VEA1.261.000.44
Equity Top Results (3Y)   
IALT2.082.082.08
VLUE2.531.420.74
SPMO0.941.370.79
CORO1.351.331.33
CGDV1.281.310.94

Results as of 8312026.

How Low Can It Go

EventVEAS&P 500
2025 US Tariff Shock
  % Loss-10.8%-18.8%
  % Gain to Breakeven12.1%23.1%
  Time to Breakeven14 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-11.6%-9.5%
  % Gain to Breakeven13.2%10.5%
  Time to Breakeven47 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-28.3%-24.5%
  % Gain to Breakeven39.4%32.4%
  Time to Breakeven513 days427 days
2020 COVID-19 Crash
  % Loss-34.0%-33.7%
  % Gain to Breakeven51.6%50.9%
  Time to Breakeven231 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-15.8%-19.2%
  % Gain to Breakeven18.8%23.8%
  Time to Breakeven190 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-18.0%-12.2%
  % Gain to Breakeven21.9%13.9%
  Time to Breakeven349 days62 days

Compare to IEFA, EFA, SCHF, FNDF, EFV

In The Past

Vanguard FTSE Developed Markets ETF's stock fell -10.8% during the 2025 US Tariff Shock. Such a loss loss requires a 12.1% 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.

EventVEAS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-28.3%-24.5%
  % Gain to Breakeven39.4%32.4%
  Time to Breakeven513 days427 days
2020 COVID-19 Crash
  % Loss-34.0%-33.7%
  % Gain to Breakeven51.6%50.9%
  Time to Breakeven231 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-23.1%-17.9%
  % Gain to Breakeven30.0%21.8%
  Time to Breakeven457 days123 days
2008-2009 Global Financial Crisis
  % Loss-58.2%-53.4%
  % Gain to Breakeven139.5%114.4%
  Time to Breakeven1683 days1085 days

Compare to IEFA, EFA, SCHF, FNDF, EFV

In The Past

Vanguard FTSE Developed Markets ETF's stock fell -10.8% during the 2025 US Tariff Shock. Such a loss loss requires a 12.1% 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.

VEA Dip Buy History


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
SCHASchwab U.S. Small-Cap ETF-5.3%34.21903202636.13630202665
IWPiShares Russell Mid-Cap Growth ETF-5.3%139.819032026147.70817202617
IJTiShares S&P Small-Cap 600 Growth ETF-5.0%170.079032026179.07804202630
EEMiShares MSCI Emerging Markets ETF-5.3%67.47903202671.21622202673
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-8.7%34.07903202637.30622202673
EWYiShares MSCI South Korea ETF-17.6%180.569032026219.20621202674
EWZiShares MSCI Brazil ETF-8.6%38.13903202641.734142026142
FXIiShares China Large-Cap ETF-7.6%35.34903202638.265132026113
KWEBKraneShares CSI China Internet ETF-17.6%25.54903202630.993102026177
MTUMiShares MSCI USA Momentum Factor ETF-13.3%299.429032026345.22622202673
SPHQInvesco S&P 500 Quality ETF-5.5%85.13903202690.10630202665
SPMOInvesco S&P 500 Momentum ETF-8.8%147.419032026161.66622202673
URAGlobal X Uranium ETF-21.6%45.70903202658.265062026120
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-14.0%35.81903202641.635132026113
ROBOROBO Global Robotics & Automation Index ETF-11.7%79.77903202690.34602202693
LITGlobal X Lithium & Battery Tech ETF-18.7%74.46903202691.625112026115
ICLNiShares Global Clean Energy ETF-25.8%17.63903202623.75602202693
ARKQARK Autonomous Technology & Robotics ETF-14.6%122.819032026143.82528202698
ARKXARK Space & Defense Innovation ETF-14.3%32.35903202637.74528202698
NASATema Space Innovators ETF-44.5%23.23903202641.89527202699
AGIXKraneShares Artificial Intelligence ETF-8.2%45.34903202649.40601202694
XLKState Street Technology Select Sector SPDR ETF-6.2%185.979032026198.21602202693
XLIState Street Industrial Select Sector SPDR ETF-6.4%174.569032026186.51816202618
XLUState Street Utilities Select Sector SPDR ETF-8.7%43.03903202647.154092026147
IYJiShares U.S. Industrials ETF-5.4%160.679032026169.86804202630
SMHVanEck Semiconductor ETF-17.4%552.609032026668.91622202673
SOXXiShares Semiconductor ETF-23.3%502.209032026655.01622202673
ITAiShares U.S. Aerospace & Defense ETF-10.8%225.989032026253.22816202618
IYTiShares U.S. Transportation ETF-7.1%83.60903202690.01716202649
MISLFirst Trust Indxx Aerospace & Defense ETF-11.2%43.91903202649.463092026178
SOXQInvesco PHLX Semiconductor ETF-22.3%89.409032026115.11622202673
TLTiShares 20+ Year Treasury Bond ETF-6.2%82.07903202687.523092026178
VGLTVanguard Long-Term Treasury ETF-5.1%52.70903202655.533092026178
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.4%25.07903202626.523092026178
EDVVanguard World Funds Extended Duration ETF-9.2%60.10903202666.203092026178
GSGiShares GSCI Commodity-5.8%30.01903202631.853182026169
GLDSPDR Gold Trust-14.2%410.229032026477.863102026177
IAUiShares Gold Trust-15.6%82.55903202697.853102026177
GLDMSPDR Gold MiniShares Trust-14.0%88.529032026102.893102026177
SGOLETFS Physical Swiss Gold Shares-9.8%44.66903202649.533102026177
BARDirexion Daily Gold Bull 3X Shares-13.4%44.34903202651.203102026177
SLViShares Silver Trust-26.2%59.07903202680.093102026177
PPLTETFS Physical Platinum Shares-17.5%16.49903202620.003102026177
CPERUnited States Copper Index Fund ETV-7.7%33.33903202636.123112026176
PALLETFS Physical Palladium Shares-15.8%25.79903202630.643092026178
USOUnited States Oil Fund LP-7.1%142.099032026152.965192026107
UNGUnited States Natural Gas Fund LP-19.6%10.49903202613.043122026175
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85903202660.135042026122
SCHHSchwab U.S. REIT ETF-5.0%23.61903202624.86726202639
USRTiShares Core U.S. REIT ETF-5.9%65.71903202669.82726202639

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-09-03

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$45.3B), followed by Bond (+$21.0B), while Real Estate (−$152M) saw the largest outflows.
  • Within the mix, money rotated into US Nasdaq Growth (+$12.7B) and out of Intermediate Treasury (−$8.6B).
  • Relative to fund size, CNEQ drew the largest inflow (+89.4% of AUM) and USO the largest outflow (−23.2%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$35.58B+3.4%
2QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth+$9.57B+2.0%
3SGOViShares 0-3 Month Treasury Bond ETFCash+$7.38B+7.1%
4GLDSPDR Gold SharesCommodity Gold+$6.66B+4.6%
5VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$5.86B+0.8%
6TLTiShares 20+ Year Treasury Bond ETFBond Long Treasury+$5.75B+12.4%
7VGSHVanguard Short-Term Treasury ETFBond Short Treasury+$4.73B+15.4%
8SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.88B+3.5%
9AVLVAvantis U.S. Large Cap Value ETFOther+$3.39B+16.8%
10IBITiShares Bitcoin Trust ETFCrypto+$3.24B+6.3%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$29.18B-3.3%
2IEFiShares 7-10 Year Treasury Bond ETFBond Intermediate Treasury-$4.87B-11.3%
3XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$4.05B-7.2%
4SOXXiShares Semiconductor ETFEquity Industry Subsector-$3.06B-7.2%
5VGITVanguard Intermediate-Term Treasury ETFBond Intermediate Treasury-$2.35B-5.5%
6LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$2.23B-6.8%
7HYGiShares iBoxx $ High Yield Corporate Bond ETFBond High Yield Corporate-$1.94B-11.0%
8GOVTiShares U.S. Treasury Bond ETFBond Intermediate Treasury-$1.71B-3.9%
9SMHVanEck Semiconductor ETFEquity Industry Subsector-$1.6B-2.4%
10DRAMRoundhill Memory ETFOther-$1.31B-5.1%

Largest ETF fund flows across ~2626 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About VEA

0Holdings Count: 3873
Expense Ratio: 0.03%
Inception Date: 2007-07-20
Vanguard FTSE Developed Markets ETF
The fund employs an indexing investment approach designed to track the performance of the FTSE Developed All Cap ex U.S. Index, a market-capitalization-weighted index that is made up of approximately 3,957 common stocks of large-, mid-, and small-cap companies located in Canada and the major markets of Europe and the Pacific region. The Advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.
Asset Class: International Equity | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

VEAIEFAEFASCHFFNDFEFVMedian
NameVanguard F.iShares Co.iShares MS.Schwab Int.Schwab Fun.iShares MS. 
Asset ClassEquityEquityEquityEquityEquityEquity-
AUM ($ Bil)315.0194.479.369.726.131.774.5
Expense Ratio0.03%0.07%0.32%0.03%0.25%0.31%0.16%
10-D Avg Volume (Mil)10.999.0712.337.561.464.208.31
Latest Day Volume (Mil)1.56-2.161.280.39-1.42
Holdings Count3,8732,6336581,4949143951,204
Inception Date7/20/200710/17/20128/13/200111/3/20098/15/20137/31/2005-

Fundamentals

VEAIEFAEFASCHFFNDFEFVMedian
NameVanguard F.iShares Co.iShares MS.Schwab Int.Schwab Fun.iShares MS. 
Net Asset Value72.25100.09107.3028.4055.6081.67-
Premium/Discount1.6%0.9%0.8%0.2%1.0%1.7%1.0%
Distribution Yield2.5%0.0%3.1%3.0%2.9%0.0%2.7%
Sales Yield23.1%--5635.5%4440.5%-4440.5%
Earnings Yield3.0%--108.2%86.5%-86.5%

Valuation

VEAIEFAEFASCHFFNDFEFVMedian
NameVanguard F.iShares Co.iShares MS.Schwab Int.Schwab Fun.iShares MS. 
P/S (TTM)4.3x--0.0x0.0x-0.0x
P/E (TTM)33.8x--0.9x1.2x-1.2x
P/FCF (TTM)30.2x--24.3x36.0x-30.2x
Forward P/E-------
Forward P/S-------

Risk

VEAIEFAEFASCHFFNDFEFVMedian
NameVanguard F.iShares Co.iShares MS.Schwab Int.Schwab Fun.iShares MS. 
Volatility (1Y)17.3%15.6%15.7%17.4%16.1%14.4%15.9%
Volatility (3Y)15.7%15.2%15.2%15.7%15.2%14.5%15.2%
Volatility (5Y)16.9%16.6%16.6%16.7%16.3%15.9%16.6%
Beta (1Y)1.090.950.951.090.940.740.95
Beta (3Y)0.810.770.770.800.730.630.77
Beta (5Y)0.800.780.780.790.730.660.78
Sharpe Ratio (1Y)1.581.311.321.582.101.791.58
Sharpe Ratio (3Y)1.271.151.141.271.491.511.27
Sharpe Ratio (5Y)0.680.600.620.690.940.920.68
Max Drawdown (1Y)-11.6%-11.5%-11.4%-11.5%-10.6%-10.9%-11.5%
Max Drawdown (3Y)-13.5%-13.8%-14.1%-13.4%-13.9%-13.7%-13.7%
Max Drawdown (5Y)-29.7%-30.4%-29.5%-29.1%-25.6%-25.8%-29.3%

Returns

VEAIEFAEFASCHFFNDFEFVMedian
NameVanguard F.iShares Co.iShares MS.Schwab Int.Schwab Fun.iShares MS. 
1M Return1.5%0.9%0.7%1.5%2.8%1.9%1.5%
3M Return2.8%2.9%3.1%2.2%2.7%6.0%2.8%
6M Return12.4%9.0%9.1%12.4%14.5%11.3%11.8%
YTD Return18.4%12.8%12.7%18.4%24.3%16.3%17.4%
1Y Return29.6%21.3%21.4%29.7%38.6%28.1%28.8%
2Y Return49.1%38.2%37.1%48.1%62.4%55.6%48.6%
3Y Return75.6%63.4%62.9%75.3%90.8%86.6%75.5%

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity4.0 Mil
Short Interest: % Change Since 7312026-26.4%
Average Daily Volume9.0 Mil
Days-to-Cover Short Interest1