What is the fee difference between VOO and VXUS?

VOO charges 0.03% a year and VXUS charges 0.05%. On a $10,000 position that is about $3 a year for VOO and $5 for VXUS, a $2 gap. International funds usually cost more to run because they hold thousands of stocks across many exchanges, so VXUS's fee is low for what it covers.

What does each fund track?

VOO tracks the S&P 500, which covers about 500 of the largest US-listed companies. VXUS tracks the FTSE Global All Cap ex US index, which covers large, mid and small companies in developed and emerging markets outside the United States. VOO lists 516 holdings and VXUS about 8,860.

Do VOO and VXUS overlap?

No. VOO holds only US companies and VXUS holds only non-US companies, so there is no overlap in holdings. VOO's top names are NVIDIA, Apple and Microsoft. VXUS's top names are Taiwan Semiconductor at 3.97%, Samsung Electronics at 1.9%, SK hynix, ASML and Tencent.

Which pays a higher dividend?

VXUS shows a dividend yield of 2.28% against 1.04% for VOO. Non-US markets tend to include more mature, higher-payout companies and fewer low-yield technology giants, which explains most of the gap. Dividends from VXUS arrive in US dollars after conversion from local currencies.

Which fund suits which goal?

VOO suits an investor who wants the US large-cap market at the lowest cost. VXUS suits someone who wants the rest of the world in one fund. Most people who buy VXUS do so alongside a US fund such as VOO, rather than instead of it, to spread country and currency risk.

How do VOO and VXUS compare on size and liquidity?

VOO is one of the largest funds in the world at $1.08 trillion in net assets. VXUS is much smaller at $164.04 billion but is still a very large ETF. Both trade in high volumes on US exchanges, so retail investors can buy and sell either without difficulty.

How are VOO and VXUS taxed?

Both are US-listed, so non-US investors may face US withholding tax on distributions. VXUS also collects dividends from many countries, each with its own withholding rules, before paying them out. Tax treatment depends on where you live and what account you use, so check local guidance.

Can I hold both VOO and VXUS?

Yes, and this is one of the most common two-fund combinations. Together they approximate the global stock market, with VOO covering US large caps and VXUS covering everything else. The split between them is a personal choice; many investors hold more in VOO simply because the US is the largest market.

Is VXUS diversified or dominated by a few names?

VXUS is very spread out. Its largest holding, Taiwan Semiconductor, is 3.97% of the fund and the tenth largest, Royal Bank of Canada, is 0.62%. Compare that with VOO, where NVIDIA alone is 8.08% and the top 10 are about 38% of assets.

VOO vs VXUS

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

VOO tracks the S&P 500, holding 516 US stocks led by NVIDIA and Apple, for 0.03% a year and yields 1.04%. VXUS tracks the FTSE Global All Cap ex US index with about 8,860 non-US stocks led by Taiwan Semiconductor, for 0.05% and yields 2.28%. They cover different halves of the world, so many investors treat them as building blocks rather than rivals. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

VOO

Metric

VXUS

0.03%

Expense Ratio

0.05%

1.04%

Dividend Yield

2.28%

$1.08T

Net Assets

$164.04B

516

Holdings

8,860

Sep 7, 2010

Inception Date

Jan 26, 2011

S&P 500

Index Tracked

FTSE Global All Cap x US

Large Blend

Fund Category

Foreign Large Blend

VOO costs about $2.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

VOO

Pros

Expense ratio of 0.03%, or about $3 a year per $10,000 invested.
Net assets of $1.08 trillion make it one of the largest funds in the world.
Holds 516 of the largest US companies, including NVIDIA, Apple and Microsoft.

Considerations

Zero exposure to companies listed outside the United States.
Dividend yield of 1.04% is less than half of VXUS's 2.28%.
Top 10 holdings are about 38% of assets, concentrated in US technology.

VXUS

Pros

About 8,860 holdings across developed and emerging markets outside the US.
Dividend yield of 2.28%, more than double VOO's 1.04%.
Low 0.05% expense ratio for very broad international coverage.

Considerations

Costs more than VOO at 0.05%, or $5 versus $3 per $10,000 a year.
Returns are affected by currency moves between the US dollar and local markets.
Smaller fund at $164.04 billion in net assets compared with VOO's $1.08 trillion.

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About VOO and VXUS

VOO (VOO)

VOO is Vanguard’s exchange-traded fund designed to track the S&P 500 Index, offering broad exposure to about 500 of the largest publicly traded US companies. It aims to replicate the index’s performance minus fees by holding the same stocks in similar proportions, making it a straightforward, passive way to access large‑cap US equities. Investors commonly use VOO as a core holding for long‑term growth or as a simple building block in a diversified portfolio. It typically offers high liquidity and regular dividend distributions from underlying companies. As with any equity investment, VOO’s value can rise or fall with the market, and past performance is not a guide to future returns. Fees, trading costs and potential tracking error reduce returns slightly. This information is general and educational only and not personalised financial advice — consider your own circumstances or speak to a qualified adviser before investing.

VXUS (VXUS)

Vanguard Total International Stock ETF (VXUS) offers investors broad exposure to non‑US equities across developed and emerging markets. The fund tracks a global index that excludes the United States and holds thousands of stocks spanning large-, mid- and small-cap companies. It is structured as a passive, market‑capitalisation‑weighted ETF, which aims to replicate international equity market performance while keeping trading simplicity and diversification benefits. VXUS is typically unhedged to sterling or other home currencies, so returns can be affected by currency movements as well as underlying stock performance. Investors should note that, like all equity funds, values can fall as well as rise and past performance does not guarantee future results. This summary provides general, educational information and is not personalised investment advice; suitability depends on an individual’s circumstances, risk tolerance and investment horizon.

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VOO vs VXUS

Fund Snapshot