How much AUM does VEA have?

Vanguard FTSE Developed Markets Index Fund ETF Shares manages approximately $290.1B in assets under management.

How many holdings does VEA have?

Vanguard FTSE Developed Markets Index Fund ETF Shares holds 492 securities. The top holding is Samsung Electronics Co. Ltd. at 3.0% weight.

What is VEA's weighted P/E ratio?

The holdings-weighted P/E ratio for Vanguard FTSE Developed Markets Index Fund ETF Shares is 18.2x, calculated from constituent stock valuations.

How concentrated is VEA?

Vanguard FTSE Developed Markets Index Fund ETF Shares has an HHI concentration score of 38. This indicates a well-diversified portfolio.

ETF · Foreign Large Blend

Vanguard FTSE Developed Markets Index Fund ETF Shares(VEA)

$72.00

-0.44%

—

Expense Ratio

$290.1B

Total AUM

—

Holdings

—

Inception

Active Share vs VOO

Truly Active

0%20%60%100%

86.3%

AI Look-Through Summary

AI Generated

The fund's sector allocation is heavily skewed towards Other, which encompasses a broad range of industries not explicitly listed, making up over half of its holdings. This suggests that the portfolio has a significant exposure to various sectors beyond the top five, contributing to its diversification. Developed market stalwarts such as Technology and Financial Services also have a notable presence.

The fund's weighted P/E ratio is slightly above the market average, indicating a relatively neutral valuation posture compared to other developed markets indices. However, the high weighted P/B ratio suggests that investors are willing to pay a premium for the underlying assets. The top holdings exhibit some concentration risk, with 005930 and ASML making up nearly 4% of the portfolio combined. A favorable macro environment would be one characterized by stable economic growth in developed markets, while an unfavorable scenario could arise from increased market volatility or sector-specific downturns.

Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-06-12 07:12:20.914322+00

🔍 Theme Alignment Audit

AI GeneratedPurity: 95/100

The Vanguard FTSE Developed Markets Index Fund ETF Shares maintains a high degree of thematic alignment with its name, as the portfolio composition reflects a broad exposure to developed global equities rather than a narrow sector or specific investment strategy. The top holdings include diverse industry leaders across technology, healthcare, financial services, and basic materials, which collectively represent major economies within the developed market classification. There are no apparent outliers in the holding list that contradict the stated theme of diversified international equity exposure; instead, the inclusion of large-cap names like ASML and HSBA serves to capture established growth drivers typical of mature markets rather than indicating a deviation from the fund's mandate.

Sector weights demonstrate coherent distribution consistent with a broad market index approach, avoiding over-concentration in any single industry while maintaining significant representation across financial services, technology, industrials, and energy. The relatively low top-10 concentration of 11.7% suggests that returns are driven by widespread participation rather than reliance on a few mega-cap stocks to stabilize performance, reinforcing the fund's differentiation from thematic or concentrated strategies. By mirroring the sector breakdown of its underlying index without introducing idiosyncratic tilts, the fund effectively delivers the intended diversified exposure without unnecessary deviation, allowing investors to assess whether this broad-market approach suits their specific portfolio requirements.

AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-20 13:20:21.954054+00

🏢 Sector Analysis

AI Generated

The sector allocation profile of this fund reveals a distinct structural divergence from domestic U.S. equity benchmarks, characterized by an unusually low weighting in Technology and Healthcare sectors relative to the broader developed markets universe. With combined exposure to these growth-oriented industries falling below 6%, the portfolio suggests an investment thesis centered on broad market diversification rather than tilting toward high-growth or defensive megatrends typical of U.S.-centric strategies. Instead, the allocation heavily favors emerging market leaders within sectors like Financial Services and Energy, where single-country holdings such as HSBA and major Asian industrial giants contribute significantly to weightings that appear suppressed in this specific slice of data compared to their global footprint.

Concentration risk is notably mitigated by a top-10 holding concentration of merely 11.7%, indicating a highly diversified basket where no single asset exerts dominant influence over performance outcomes. This dispersion aligns with the fund's objective as a passive vehicle tracking developed markets indices, ensuring that idiosyncratic risks associated with individual large-cap stocks are minimized across hundreds of constituents. The presence of multiple holdings in Technology and Financial Services further underscores this breadth, preventing any single sector from driving volatility disproportionately despite their relatively modest percentage allocations within this specific view.

Factor tilts inferred from the data point toward a value orientation driven by heavy representation in traditional industrial and financial sectors while deliberately avoiding significant overexposure to communication services or consumer cyclicals often associated with growth factors. The minimal weightings in Utilities, Consumer Defensive, and Communication Services suggest an absence of defensive hedging strategies usually employed during periods of economic uncertainty. Ultimately, the structure reflects a pure-play developed markets exposure that prioritizes geographic breadth over sector-specific momentum, allowing returns to be determined by the aggregate performance of international economies rather than concentrated bets on specific industry cycles or growth narratives.

AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-24 02:51:08.736813+00

Flow Driver Analysis

2-Step Circle

Which larger ETFs share VEA's holdings — and mechanically drive its price through index rebalancing flows?

Approximately 100% of VEA's weight flows through these larger ETFs

Driver ETF	AUM	Expense	Shared Stocks	Weight Overlap
VXUSVXUS	$624B	—	389	69.8%
VEUVEU	$86B	—	387	69.7%
SPDWSPDW	$36B	—	444	64.4%
CWICWI	$2B	—	398	62.2%
VTVT	$80B	—	182	54.6%

70% of VEA's portfolio by weight is also held by VXUS, which commands 2× more assets under management. When VXUS receives inflows, it mechanically buys these shared stocks — dragging VEA's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofVEA's weight.

Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.

ETF Look-Through Dashboard

Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.

18.2x

Weighted P/E

Harmonic weighted-average P/E across constituents. Excludes negative earnings. Resistant to outlier distortion.

43.72x

Weighted P/B

Weighted-average price-to-book ratio of constituent holdings.

$41B

Wtd Avg Market Cap

Weighted metrics calculated based on 23% of fund assets with available data.

Herfindahl-Hirschman Concentration Index

Well Diversified

Top 5: 9.3%Top 10: 13.3%

Morningstar-Style Box

Value

Blend

Growth

Large

Mid

Small

Mid Blend

Sector & Cap Explorer

Visualization Mode

ETF Fundamental Radar

Total Analysis

19% Weight

Market Cap

Large

Risk Profile

Moderate

Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.

Piotroski F-Score (Operational Health)

Score 0-9: Measures Profitability, Leverage, and Efficiency

↑ Weight (%)100%80%60%40%20%

0–3 Weak

11%

4–6 Average

7–9 Strong

Based on 19% of fund weight with Piotroski data.

Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation.

Dividend Safety True-Up

Deterministic

57%

Wtd FCF Payout Ratio

—

TTM Yield

Safe

Dividend Durability

57% of FCF

0% (retains all cash)50%100% (pays out everything)

The dividend-paying companies inside VEA collectively pay out 57% of their Free Cash Flow to maintain the current yield. This is a sustainable payout level with moderate room for dividend growth. Based on 13% of fund weight in dividend-paying stocks.

FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.

Earnings vs. Price Decomposition

Proprietary

+32.7%

ETF 1Y Return

+30.3%

Wtd Earnings Growth

+2.4%

Multiple Expansion

Earnings

P/E Inflation

VEA is up 32.7% over the last 12 months. The underlying weighted earnings growth of its constituents is +30.3%. The remaining +2.4% of performance is driven by multiple expansion (P/E inflation) — prices rose faster than earnings grew.

Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 18% of fund weight with earnings data. Not investment advice.

Value Creation Map

ROIC vs WACC

What percentage of VEA's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?

70% Creators

Value Creators (ROIC > WACC)8.3%

Value Destroyers3.6%

Of VEA's analyzed weight, 70% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 30% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.

ROIC-WACC spread for 12% of fund weight with available data. Not investment advice.

Passive Crowding Score

SEVERE

How much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.

Wtd Avg Passive Ownership25.2%

Most Crowded HoldingENR (354.5%)

Least CrowdedSAN (1.7%)

Coverage14% of fund weight

0 — Low255075100 — Extreme

VEA has a Passive Crowding Score of 84/100. On average, 25.2% of the market capitalization of VEA's underlying holdings is structurally locked in passive ETF vehicles. In the event of a broad sell-off, VEA faces elevated "gap-down" risk — as passive redemptions force simultaneous selling of constituents where a large portion of the float is not actively trading.

Passive $ = Σ(ETF AUM × holding weight) across all 6 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.

Under the Hood — Top 15 Constituents

Top 10 Concentration13.4%

#	Ticker	Company	Weight	P/E	F-Score
1	005930	Samsung Electronics Co. Ltd.	2.99%	—	—
2	000660	SK hynix Inc	2.55%	—	—
3	ASML	ASML Holding NV Technology	1.90%	62.5x	8/9
4	HSBA	HSBC Holdings plc	0.98%	—	—
5	ROP	Roche Holding AG Technology	0.89%	20.9x	5/9
6	NOVN	Novartis AG	0.87%	—	—
7	AZN	AstraZeneca plc Healthcare	0.84%	27.0x	7/9
8	RY	Royal Bank of Canada Financial Services	0.81%	18.1x	3/9
9	NESN	Nestle SA	0.79%	—	—
10	SHEL	Shell plc Energy	0.73%	13.3x	5/9
11	SIE	Siemens AG	0.70%	—	—
12	BHP	BHP Group Ltd. Basic Materials	0.66%	22.6x	4/9
13	8306	Mitsubishi UFJ Financial Group Inc.	0.62%	—	—
14	7203	Toyota Motor Corp.	0.61%	—	—
15	CBA	Commonwealth Bank of Australia	0.60%	—	—

The bottom 477 stocks in VEA account for only 83.5% of the total fund weight.Only the top 50 holdings are shown. Total holdings: 492.

Historical Holdings Snapshots

Browse how VEA’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.

2026-06-18

15 holdings · 16.5% tracked weight

#	Ticker	Weight	Shares	Market Value
1	005930	2.99%	46,038,884	$9.7B
2	000660	2.55%	5,284,916	$8.2B
3	ASML	1.90%	3,789,397	$6.1B
4	HSBA	0.98%	167,733,036	$3.1B
5	ROP	0.89%	6,864,825	$2.9B
6	NOVN	0.87%	18,749,542	$2.8B
7	AZN	0.84%	14,641,743	$2.7B
8	RY	0.81%	13,661,633	$2.6B
9	NESN	0.79%	25,136,800	$2.6B
10	SHEL	0.73%	55,591,647	$2.3B
11	SIE	0.70%	7,172,359	$2.2B
12	BHP	0.66%	47,863,017	$2.1B
13	8306	0.62%	107,334,078	$2.0B
14	7203	0.61%	103,801,778	$2.0B
15	CBA	0.60%	16,317,688	$1.9B

2026-06-17

15 holdings · 16.5% tracked weight

#	Ticker	Weight	Shares	Market Value
1	005930	2.99%	46,038,884	$9.7B
2	000660	2.55%	5,284,916	$8.2B
3	ASML	1.90%	3,789,397	$6.1B
4	HSBA	0.98%	167,733,036	$3.1B
5	ROP	0.89%	6,864,825	$2.9B
6	NOVN	0.87%	18,749,542	$2.8B
7	AZN	0.84%	14,641,743	$2.7B
8	RY	0.81%	13,661,633	$2.6B
9	NESN	0.79%	25,136,800	$2.6B
10	SHEL	0.73%	55,591,647	$2.3B
11	SIE	0.70%	7,172,359	$2.2B
12	BHP	0.66%	47,863,017	$2.1B
13	8306	0.62%	107,334,078	$2.0B
14	7203	0.61%	103,801,778	$2.0B
15	CBA	0.60%	16,317,688	$1.9B

2026-06-16

15 holdings · 16.5% tracked weight

#	Ticker	Weight	Shares	Market Value
1	005930	2.99%	46,038,884	$9.7B
2	000660	2.55%	5,284,916	$8.2B
3	ASML	1.90%	3,789,397	$6.1B
4	HSBA	0.98%	167,733,036	$3.1B
5	ROP	0.89%	6,864,825	$2.9B
6	NOVN	0.87%	18,749,542	$2.8B
7	AZN	0.84%	14,641,743	$2.7B
8	RY	0.81%	13,661,633	$2.6B
9	NESN	0.79%	25,136,800	$2.6B
10	SHEL	0.73%	55,591,647	$2.3B
11	SIE	0.70%	7,172,359	$2.2B
12	BHP	0.66%	47,863,017	$2.1B
13	8306	0.62%	107,334,078	$2.0B
14	7203	0.61%	103,801,778	$2.0B
15	CBA	0.60%	16,317,688	$1.9B

2026-06-15

15 holdings · 16.5% tracked weight

#	Ticker	Weight	Shares	Market Value
1	005930	2.99%	46,038,884	$9.7B
2	000660	2.55%	5,284,916	$8.2B
3	ASML	1.90%	3,789,397	$6.1B
4	HSBA	0.98%	167,733,036	$3.1B
5	ROP	0.89%	6,864,825	$2.9B
6	NOVN	0.87%	18,749,542	$2.8B
7	AZN	0.84%	14,641,743	$2.7B
8	RY	0.81%	13,661,633	$2.6B
9	NESN	0.79%	25,136,800	$2.6B
10	SHEL	0.73%	55,591,647	$2.3B
11	SIE	0.70%	7,172,359	$2.2B
12	BHP	0.66%	47,863,017	$2.1B
13	8306	0.62%	107,334,078	$2.0B
14	7203	0.61%	103,801,778	$2.0B
15	CBA	0.60%	16,317,688	$1.9B

2026-06-14

15 holdings · 14.9% tracked weight

#	Ticker	Weight	Shares	Market Value
1	005930	2.24%	45,946,266	$6.9B
2	ASML	1.77%	3,774,404	$5.5B
3	000660	1.52%	5,274,232	$4.7B
4	HSBA	1.00%	167,067,695	$3.1B
5	AZN	0.90%	14,583,749	$2.8B
6	ROP	0.90%	6,841,094	$2.8B
7	NOVN	0.89%	18,676,605	$2.8B
8	SHEL	0.82%	55,373,017	$2.5B
9	NESN	0.82%	25,038,123	$2.5B
10	RY	0.79%	13,609,149	$2.4B
11	SIE	0.69%	7,143,997	$2.1B
12	CBA	0.66%	16,252,864	$2.0B
13	7203	0.64%	103,394,678	$2.0B
14	8306	0.62%	106,906,078	$1.9B
15	BHP	0.61%	47,677,565	$1.9B

2026-06-13

15 holdings · 14.9% tracked weight

#	Ticker	Weight	Shares	Market Value
1	005930	2.24%	45,946,266	$6.9B
2	ASML	1.77%	3,774,404	$5.5B
3	000660	1.52%	5,274,232	$4.7B
4	HSBA	1.00%	167,067,695	$3.1B
5	ROP	0.90%	6,841,094	$2.8B
6	AZN	0.90%	14,583,749	$2.8B
7	NOVN	0.89%	18,676,605	$2.8B
8	SHEL	0.82%	55,373,017	$2.5B
9	NESN	0.82%	25,038,123	$2.5B
10	RY	0.79%	13,609,149	$2.4B
11	SIE	0.69%	7,143,997	$2.1B
12	CBA	0.66%	16,252,864	$2.0B
13	7203	0.64%	103,394,678	$2.0B
14	8306	0.62%	106,906,078	$1.9B
15	BHP	0.61%	47,677,565	$1.9B

Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.

Risk Profile

18.3%

Annual Volatility

1.44

Sharpe (1Y)

-13.5%

Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.

Fama-French 5-Factor Exposure

Academic factor model decomposition — what's really driving this ETF's returns.

0.70

Market β

-0.008

Size (SMB)

Neutral

+0.125

Value (HML)

Value tilt

-0.106

Profit (RMW)

Weak

+0.124

Invest (CMA)

Conservative

Alpha (annual): +15.58%

R²: 69.0%of variance explained by 5 factors

Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.

Price Chart with Moving Averages

Loading chart...

What Drove VEA Today?

Daily return attribution — which holdings contributed most (and least) to the fund's move.

Fund move:-0.44%(2026-06-17)

Top Contributors

ROP

+0.013%

+0.008%

AZN

+0.007%

Top Detractors

-0.006%

ALV

-0.016%

ASML

-0.089%

Attribution = holding weight × stock daily return. Only the top contributors and detractors are shown.

Technical Setup

AI Generated

The 50-day moving average of VEA is above its 200-day moving average, indicating an upward trend in the short term relative to the longer-term trajectory. The RSI at 36 suggests that near-term momentum may be weakening but remains within neutral territory, not yet signaling overbought or oversold conditions.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

Loading drawdown chart...

Rolling 60-Day Beta vs S&P 500 (VOO)

How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

Loading beta chart...

Rolling Beta Market (β = 1.0)

Yield & Income

—

TTM Yield

—

30-Day SEC Yield

—

5Y Div CAGR

Sector Drift Over Time

How VEA’s sector allocation has shifted across snapshots. Use the slider to travel through time.

Other77.7%

Technology5.5%

Financial Services5.3%

Energy2.7%

Industrials2.3%

Basic Materials1.9%

Healthcare1.8%

Consumer Cyclical0.8%

Consumer Defensive0.7%

Utilities0.7%

Communication Services0.4%

0.1%

Change since 2026-03-26

Technology

+1.3%

Other

-0.5%

Basic Materials

-0.2%

Healthcare

-0.2%

Financial Services

+0.2%

Industrials

-0.2%

2026-03-262026-06-18

Active Conviction Tracker

Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.

No position changes detected between snapshots.

Explore More

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Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-17.

SecuritiesDB is for informational purposes only. Not investment advice.