VEU vs IVE vs VEQ vs VAE - Compare ETFs side by side

At a glance

Comparing VEU, IVE, VEQ, and VAE. VEU has the lowest management fee at 0.04% a year, VAE has the highest 10 years return at 10.2% a year, and IVE offers the highest at 3.57%.

Lowest fee

VEU 0.04% p.a.

Highest 10 years return

VAE 10.2% p.a.

Highest yield

IVE 3.57%

Highest risk-adjusted

IVE Sharpe 0.75 (10y)

Lowest volatility

IVE 10.3% (10y)

Largest fund

VAE $760m

Side-by-side comparison

Metric	VEU Vanguard All-World ex-US Shares Index ETF	IVE iShares MSCI EAFE ETF	VEQ Vanguard FTSE Europe Shares ETF	VAE Vanguard FTSE Asia ex Japan Shares Index ETF
Snapshot
Provider	Vanguard	iShares	Vanguard	Vanguard
Tracks index	FTSE All-World ex US Index	MSCI EAFE Index	FTSE Developed Europe All Cap Index	FTSE Asia Pacific ex Japan, Australia and New Zealand Index
Categories	Intl, Market-Cap	Intl, Market-Cap	Intl, Market-Cap	Asia, EM, Market-Cap
Listed since	2015 (11 yrs)	2014 (12 yrs)	2015 (11 yrs)	2015 (11 yrs)
Fund size (AUM)	—	$609m	$633m	$760m
Cost & income
Management fee	0.04%	0.32%	0.35%	0.4%
Dividend yield	—	3.57%	2.18%	1.4%
Franking	0%	0%	0%	0%
Turnover	5%	5%	4%	5%
Tax drag	0.12%	1.26%	0.79%	0.57%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	—	13.8% net	12.3% net	24.1% net
3-year return	—	13.8% net	13.8% net	17.7% net
5-year return	—	9.8% net	9.5% net	8.9% net
10-year return	—	9.8% net	10% net	10.2% net
Risk
Volatility (3y)	—	7.9%	8.9%	14.2%
Volatility (5y)	—	10.1%	11.9%	14.4%
Volatility (10y)	—	10.3%	12.2%	12.5%
Sharpe ratio (3y)	—	1.17	1.04	0.94
Sharpe ratio (5y)	—	0.66	0.56	0.44
Sharpe ratio (10y)	—	0.75	0.66	0.67
Bid/ask spread	—	—	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

VEU Vanguard All-World ex-US Shares Index ETF

Low-cost: a 0.04% management fee keeps more of the return in your pocket.

Full VEU analysis →

IVE iShares MSCI EAFE ETF

Low-cost: a 0.32% management fee keeps more of the return in your pocket.
Pays a useful 3.57% income yield.

Cheaper alternatives exist: VEU and IVLU.

Full IVE analysis →

VEQ Vanguard FTSE Europe Shares ETF

Low-cost: a 0.35% management fee keeps more of the return in your pocket.

Cheaper alternatives exist: VEU and IVE.

Full VEQ analysis →

VAE Vanguard FTSE Asia ex Japan Shares Index ETF

Top-11% returns over 1 year (33rd of 308 ETFs we track).
Low-cost: a 0.4% management fee keeps more of the return in your pocket.

Pricier than similar ETFs, which average around 0.3%.

Full VAE analysis →

Frequently Asked Questions

What's the difference between VEU vs IVE vs VEQ vs VAE?

VEU, IVE, VEQ, and VAE are 4 Australian-listed ETFs we compare side by side. VEU carries the lowest management fee (0.04%). Over 10 years, VAE has delivered the highest total return (10.2% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lowest fees - VEU vs IVE vs VEQ vs VAE?

VEU has the lowest management fee at 0.04% a year, versus IVE 0.32%, VEQ 0.35%, and VAE 0.4%.

Which has performed highest - VEU vs IVE vs VEQ vs VAE?

Over the past 10 years, VAE has delivered the highest total return at 10.2% a year. Past performance is not a reliable indicator of future returns.

Which pays the highest dividend yield?

IVE pays the highest at 3.57%. Remember distributions are taxed each year at your marginal rate.

Which is the largest and most liquid?

VAE is the largest fund by assets ($760m). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

VEU vs VGE VEU vs IJP IVE vs IJP IVE vs ESTX IVE vs IVLU VEQ vs ESTX VEQ vs F100 VEQ vs HEUR

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.