VSS — Vanguard FTSE All-World ex-US Small-Cap Index Fund ETF Shares

VSS Price Performance — Growth of $10,000

Value of a $10,000 investment in VSS over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VSS Drawdown

The "underwater" chart: VSS's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard FTSE All-World ex-US Small-Cap Index Fund ETF Shares (VSS) operates within the International Developed category, which currently contains 22 ETFs tracked by ETFValuer. Issued by Vanguard, this fund has accumulated assets under management of $13.8 billion while trading at a price of $150.38. It holds an overall rank of #221 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 61.3 out of 100. Investors can access the fund with an expense ratio of 0.06% and receive a dividend yield of 3.23%. The substantial asset size and low cost structure suggest significant investor adoption relative to the broader universe of funds. Despite its high ranking in the overall market, its specific standing within its category reflects a moderate competitive position among its peers.

Recent price action shows a decline of -0.07% over one day and -0.23% over one week, followed by a further drop of -2.04% in the last month. The three-month return extends this negative trend to -2.96%, while the six-month period shows a slight recovery to -0.20%. Year-to-date performance has turned positive with a gain of +4.47%, and the one-year return stands at +12.61%. Over a longer three-year horizon, the fund has delivered a cumulative return of +42.94%. This pattern indicates a divergence where short-term volatility has recently weighed on performance, contrasting with the stronger gains observed over the past year and the significant growth over the last three years.

The fund carries a Moderate volatility label and exhibits a beta of 0.98, suggesting its price movements generally align closely with the broader market. A Sharpe ratio of 0.47 indicates the risk-adjusted returns generated have been modest relative to the volatility experienced. The maximum drawdown of -15.73% highlights the potential for significant temporary losses during market downturns. This combination of figures implies that while the fund tracks the market direction closely, it has experienced notable periods of decline that test investor tolerance. The moderate volatility and beta suggest the fund does not amplify market moves significantly, yet the drawdown figure confirms it remains exposed to substantial downside risk during adverse conditions.

AI-generated summary based on the data on this page.

VSS Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 8.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VSS's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VSS

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VSS's top 10 — SCHC overlaps most, holding 6 of the same companies as VSS's top 10 (1.5% of VSS's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 120.53 (as of 2026-07-17) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

VSS Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 5.45% and average daily volume is 268K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $13.8B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VSS is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VSS Performance History

How VSS Compares to Other International Developed ETFs