VSS
Vanguard FTSE All-World ex-US Small-Cap ETF
Vanguard FTSE All World ex-US Small-Cap ETF seeks to track the performance of a benchmark index that measures the investment return of both developed and emerging international small cap companies.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
9.1 B
ASSETS UNDER MGMT
7 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard Group Inc/The |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 02, 2009 |
| Assets (mns) | $9,135 |
| Expense ratio | 7 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| FILTRONA PLC | 2.3 % |
| GENIVAR INC | 0.7 % |
| RB GLOBAL | 0.5 % |
| TFI INTERNATIONAL INC. | 0.4 % |
| KINROSS GOLD CORP | 0.4 % |
| ARC RESOURCES LTD | 0.3 % |
| EMERA INC | 0.3 % |
| DESCARTES SYSTEMS GRP/THE | 0.3 % |
| STANTEC INC | 0.3 % |
| ATKINSREALIS GROUP INC | 0.3 % |
Constituent Breakdown
| Number of holdings | 4790 |
| Herfindahl-Hirschman Index | 12 |
| Wgt avg mkt cap (mns) | $3,844 |
| Large cap (>$10bn) | 5.6% |
| Mid cap ($2-10bn) | 45.5% |
| Small cap (<$2bn) | 48.5% |
| Developed mkts. | 72.0% |
| Emerging mkts. | 28.0% |
Country Exposure
 |
CANADA | 14.3 % |
 |
JAPAN | 10.5 % |
 |
BRITAIN | 9.7 % |
 |
TAIWAN | 6.5 % |
 |
INDIA | 5.2 % |
 |
AUSTRALIA | 3.9 % |
 |
SOUTH KOREA | 2.7 % |
 |
CHINA | 2.7 % |
 |
SWEDEN | 2.6 % |
 |
SWITZERLAND | 2.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 2.3% | 20.7% | 14.7% | -2.1% | 5.2% | 4.5% | 7.8% | Volatility | 13.1% | 13.7% | 14.7% | 17.1% | 20.1% | 17.1% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 78% |
| MSCI EAFE | 1.03 | 96% |
| MSCI Emg Mkts | 0.91 | 73% |
Liquidity Measures
| Avg. volume (000) | 305 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $39,548 |
Technical Indicators
| Recent close | $118.44 |
| 30d moving avg. | $123.37 |
| Annualized volatility | 18.6% |
| Relative strength (RSI) | 46 |
| Short interest (ETF) | 2.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VSS |
Expenses vs. VSS |
ALTAR Score™ vs. VSS |
|---|---|---|---|---|
| SCHC | Schwab International Small-Cap Equity ETF | 58.6% | +4 bp | -0.1% |
| SCZ | iShares MSCI EAFE Small-Cap ETF | 40.7% | +33 bp | -0.1% |
| DFIS | Dimensional International Small Cap ETF | 34.7% | +32 bp | +0.2% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 31.0% | +42 bp | +0.3% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 29.4% | +32 bp | +0.5% |
| IEUS | iShares MSCI Europe Small-Cap ETF | 26.5% | +35 bp | -0.2% |
| GWX | SPDR S&P International Small Cap ETF | 24.4% | +33 bp | -0.2% |
| ISCF | iShares International SmallCap Equity Factor ETF | 19.3% | +16 bp | +2.4% |
| EEMS | iShares MSCI Emerging Markets Small Cap ETF | 17.8% | +63 bp | +1.0% |
| DISV | Dimensional International Small Cap Value ETF | 17.0% | +35 bp | +2.5% |
Risk and Returns: VSS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VSS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
VSS
6.6%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. VSS's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places VSS in the 40th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VSSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| VSS (7 bp) Percentile rank | 7 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VSS | 7.0 | 8.6 | 15.6 |
| Peer Avg. | 35.0 | 18.4 | 53.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .