Vanguard FTSE Europe Shares ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among equity funds would cost $264 (0.53% a year), so VEQ is $82 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 31 July 2026 · 1149 securities · top 10 = 18.6%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.1 | 1.0 | −7.2 | 1.6 | 4.3 | 4.3 | 0.8 | −0.6 | −1.3 | −2.4 | 0.0YTD | ||
| 2025 | 6.4 | 2.8 | 0.8 | 1.1 | 4.6 | 0.8 | 0.2 | 1.5 | −0.0 | 2.5 | 0.8 | 1.8 | 25.5 |
| 2024 | 3.2 | 2.8 | 3.4 | −1.2 | 2.4 | −2.0 | 4.4 | −1.1 | −0.3 | −1.2 | −1.8 | 2.4 | 11.4 |
| 2023 | 3.3 | 4.5 | 1.6 | 5.6 | −2.8 | 0.0 | 3.3 | 0.2 | −5.1 | −2.3 | 6.1 | 2.0 | 17.0 |
| 2022 | −1.8 | −8.0 | −0.1 | −2.1 | 0.3 | −7.0 | 2.1 | −3.4 | −5.8 | 10.7 | 6.2 | −0.3 | −10.0 |
| 2021 | −0.9 | 0.3 | 5.4 | 3.8 | 3.6 | 1.9 | 2.8 | 3.7 | −3.3 | −0.9 | 1.0 | 2.8 | 21.8 |
| 2020 | 2.7 | −7.2 | −12.4 | 3.8 | 1.5 | 0.7 | 0.2 | 1.9 | −1.6 | −4.5 | 12.7 | 0.8 | −3.3 |
| 2019 | 3.6 | 4.4 | 1.3 | 4.1 | −3.2 | 3.8 | 0.6 | −0.5 | 2.1 | 2.0 | 3.5 | 0.6 | 24.2 |
| 2018 | 2.3 | −2.0 | −0.5 | 4.8 | −2.6 | −0.2 | 3.1 | 0.8 | 1.0 | −8.2 | −2.5 | −1.9 | −6.4 |
| 2017 | −2.1 | 0.5 | 3.6 | 7.3 | 4.5 | −3.3 | −1.5 | 0.5 | 4.3 | 2.6 | 1.6 | −1.2 | 17.5 |
| 2016 | −2.9 | −3.7 | −1.2 | 4.1 | 6.0 | −10.1 | 3.7 | 1.9 | −2.8 | −1.3 | −1.0 | 7.8 | −0.7 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
VEQ questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Vanguard FTSE Europe Shares ETF?
Vanguard FTSE Europe Shares ETF holds 1,149 securities, and its ten largest positions make up 18.6% of the fund, more spread out than the 40.5% typical of equity funds. That makes it widely diversified.
Its largest country exposure is United Kingdom at 23.1%, and its biggest sector is Financials at 34.0%, based on holdings as at 31 July 2026.
Which ETFs does VEQ double up with most?
VEQ shares the most holdings with iShares Europe ETF (IEU) (78% overlap), Betashares Global Shares EX US ETF (EXUS) (54% overlap) and Vanguard All-World ex US Shares Index ETF (VEU) (34% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 78%, owning both VEQ and IEU would mostly double up on the same investments rather than spread your money further. Of these, EXUS has the lowest fee, at 0.14% a year against 0.35% for VEQ.
How is Vanguard FTSE Europe Shares ETF managed – active or passive?
Vanguard FTSE Europe Shares ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among equity funds, active funds charge a median 0.85% a year and index funds 0.43%.
What will I pay in fees for VEQ?
VEQ charges a management fee of 0.35% a year, about $35 for every $10,000 invested. That is cheaper than 58% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among equity funds, the median is 0.49%.
It is the cheapest of the 3 broad equity funds we track.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.07% for VEQ.
Does Vanguard FTSE Europe Shares ETF follow a theme?
No. Vanguard FTSE Europe Shares ETF is a broad equity fund: it aims to cover a wide slice of its market (Europe) rather than one theme or sector. Its largest sector, Financials, is 34.0% of the fund.
What is under the hood of VEQ?
As at 31 July 2026, VEQ's ten largest holdings are ASML Holding NV (3.9%), HSBC Holdings PLC (2.2%), Roche Holding AG (1.9%), Novartis AG (1.8%), Nestle SA (1.6%), AstraZeneca PLC (1.6%), Siemens AG (1.5%), Shell PLC (1.4%), Banco Santander SA (1.3%) and Allianz SE (1.2%). Together they make up 18.3% of the fund.
It follows an index. Most broad share indices weight companies by market size, so the largest companies take the biggest share; the exact rules for VEQ's index are in the issuer's PDS. Its top 10 weighting of 18.6% compares with 40.5% for similar funds.
How well has Vanguard FTSE Europe Shares ETF performed?
Based on its category, Vanguard FTSE Europe Shares ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 1.5% over 1 year (median 4.8%; ranked 171 of 273), 14.4% a year over 3 years (median 14.4% a year; ranked 102 of 199) and 8.8% a year over 5 years (median 8.0% a year; ranked 70 of 156). The medians and rankings compare it with equity funds. Since listing in 2016 it has returned 8.1% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for VEQ; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.35% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.