ETF · Broad Market

VXUS(VXUS)

$85.08
+0.88%
Expense Ratio
$623.7B
Total AUM
Holdings
Inception
Active Share vs VOO
Truly Active
0%20%60%100%
81.1%

AI Look-Through Summary

AI Generated

The portfolio'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. Technology and Financial Services are also present in smaller but notable proportions, while Energy, Industrials, and Healthcare have minimal representation. The geographic exposure appears to be concentrated on the Asia-Pacific region, given the presence of several Asian stocks among the top holdings.

The portfolio's weighted P/E ratio is slightly lower than average, suggesting that it may be positioned for growth, although this could also indicate a more mature market environment. Concentration risk is present due to the significant weightage of individual stocks such as 2330 and 005930, which together account for over 6% of the portfolio's assets. The sector mix diverges from the broader market, with Technology and Financial Services having relatively higher weights in this ETF compared to a typical market-cap weighted index.

Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-06-20 07:06:30.880393+00

🔍 Theme Alignment Audit

AI GeneratedPurity: 85/100

The investment theme implied by the ticker VXUS is a globally diversified exposure to non-U.S. equities, and this characterization aligns closely with the provided holdings data. The top positions include major multinational corporations such as ASML in technology, HSBA in financial services, and SHEL in energy, representing diverse geographic regions including Europe, Asia, and North America rather than focusing on a single narrow sector or country. While several large-cap names carry identifiers that may appear generic without specific ticker context, their classification across distinct industries like healthcare, industrials, and consumer cyclical supports the narrative of broad international market participation rather than a specialized thematic strategy.

Sector coherence is evident in the weightings, which mirror the structural composition of developed and emerging non-U.S. markets rather than concentrating heavily in any single industry. Technology leads at 2.9%, followed by financial services at 2.7% and energy at 1.6%, creating a balanced profile that avoids extreme exposure to volatile sectors often found in pure-play thematic funds. The top-ten concentration of only 12.0% indicates significant diversification, suggesting the fund captures wide market movements rather than relying on a few dominant stocks for performance. This distribution differentiates the vehicle from broad U.S. indices by emphasizing international representation while maintaining sector weights that reflect global economic fundamentals without artificial tilts toward specific growth or value factors.

AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-18 12:48:19.364347+00

🏢 Sector Analysis

AI Generated

The sector allocation profile of VXUS reveals a distinct divergence from traditional broad-market indices, characterized by significantly underweight positions across major global sectors such as Technology and Financial Services. With exposure limited to 2.9% in technology and 2.7% in financials, the fund's construction suggests an investment thesis that deliberately de-emphasizes large-cap developed market equities while maintaining a primary focus on international diversification outside these specific categories. This structural choice implies a strategy designed to capture growth or value opportunities within sectors like energy, industrials, and healthcare, which are represented at 1.6%, 1.3%, and 1.0% respectively, rather than seeking beta from the dominant tech-heavy segments of global markets.

Concentration risk analysis indicates that despite holding a diverse number of positions across various industries, the fund's top ten holdings account for only 12.0% of total assets, pointing to a highly fragmented portfolio structure typical of broad emerging and developed ex-US market baskets. The presence of ASML in the top five holdings provides the sole tangible link to the technology sector within this specific snapshot, yet its weight at 1.3% reinforces the fund's overall low exposure to that industry group compared to domestic peers. This distribution pattern mitigates idiosyncratic risk associated with individual large-cap names while ensuring that no single sector drives the majority of performance outcomes.

Factor tilts inferred from this allocation suggest a potential bias toward smaller international companies or specific regional markets not captured by standard developed market classifications, given the minimal representation of typical growth drivers like communication services and consumer cyclicals at 0.2% and 0.7%. The data indicates that investors in this vehicle are accepting reduced exposure to high-flying technology stocks in exchange for a broader, albeit lighter-weighted, footprint across traditional industrial and resource-based sectors globally. Ultimately, the fund's structure reflects a strategic decision to avoid heavy reliance on any single sector or geographic bloc, prioritizing dispersion over concentrated industry leadership within its specific mandate scope.

AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-24 12:08:50.906577+00

Flow Driver Analysis

2-Step Circle

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

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

Driver ETFAUMExpenseShared StocksWeight Overlap
VEUVEU$86B48463.1%
VEAVanguard FTSE Developed Markets Index Fund ETF Shares$290B38950.3%
CWICWI$2B41049.7%
VTVT$80B21048.4%
VSGXVSGX$6B35747.4%

63% of VXUS's portfolio by weight is also held by VEU. When VEU receives inflows, it mechanically buys these shared stocks — dragging VXUS's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofVXUS'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.

17.3x
Weighted P/E
38.29x
Weighted P/B
$34B
Wtd Avg Market Cap

Weighted metrics calculated based on 19% of fund assets with available data.

Herfindahl-Hirschman Concentration Index

0100020003000400037
Well Diversified
Top 5: 10.1%Top 10: 13.3%

Morningstar-Style Box

Value
Blend
Growth
Large
Mid
Small
Mid Blend

Sector & Cap Explorer

Other81.5%Technology4.7%Financial Services4.3%Energy2.3%Industrials1.9%
Visualization Mode

ETF Fundamental Radar

Total Analysis
13% 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%
1%
0–3 Weak
7%
4–6 Average
5%
7–9 Strong

Based on 13% 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
58%
Wtd FCF Payout Ratio
TTM Yield
Safe
Dividend Durability
58% of FCF
0% (retains all cash)50%100% (pays out everything)

The dividend-paying companies inside VXUS collectively pay out 58% of their Free Cash Flow to maintain the current yield. This is a sustainable payout level with moderate room for dividend growth. Based on 9% 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
+27.0%
ETF 1Y Return
+24.6%
Wtd Earnings Growth
+2.4%
Multiple Expansion
Earnings
P/E Inflation

VXUS is up 27.0% over the last 12 months. The underlying weighted earnings growth of its constituents is +24.6%. 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 12% of fund weight with earnings data. Not investment advice.

Under the Hood — Top 15 Constituents

Top 10 Concentration13.3%
#TickerCompanyWeightP/EF-Score
12330
Taiwan Semiconductor Manufacturing Co. Ltd.
3.95%
2005930
Samsung Electronics Co. Ltd.
2.17%
3000660
SK hynix Inc
1.85%
4ASML
ASML Holding NV
Technology
1.38%
64.5x8/9
5700
Tencent Holdings Ltd.
0.74%
6HSBA
HSBC Holdings plc
0.71%
7ROP
Roche Holding AG
Technology
0.65%
20.6x5/9
8NOVN
Novartis AG
0.63%
99988
Alibaba Group Holding Ltd.
0.61%
10AZN
AstraZeneca plc
Healthcare
0.61%
26.3x7/9
11RY
Royal Bank of Canada
Financial Services
0.59%
18.3x3/9
12NESN
Nestle SA
0.57%
13SHEL
Shell plc
Energy
0.53%
12.3x5/9
14SIE
Siemens AG
0.51%
158306
Mitsubishi UFJ Financial Group Inc.
0.45%
The bottom 475 stocks in VXUS account for only 84.0% of the total fund weight.Only the top 50 holdings are shown. Total holdings: 490.

Historical Holdings Snapshots

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

2026-06-26

15 holdings · 15.9% tracked weight
#TickerWeightSharesMarket Value
123303.95%356,823,748$26.4B
20059302.17%69,209,891$14.5B
30006601.85%7,944,622$12.4B
4ASML1.38%5,697,852$9.2B
57000.74%90,918,540$4.9B
6HSBA0.71%252,195,148$4.7B
7ROP0.65%10,327,995$4.3B
8NOVN0.63%28,194,379$4.2B
9AZN0.61%22,014,860$4.1B
1099880.61%262,687,496$4.1B
11RY0.59%20,541,201$3.9B
12NESN0.57%37,797,148$3.8B
13SHEL0.53%83,584,669$3.5B
14SIE0.51%10,785,020$3.4B
1583060.45%161,392,016$3.0B

2026-06-25

15 holdings · 15.9% tracked weight
#TickerWeightSharesMarket Value
123303.95%356,823,748$26.4B
20059302.17%69,209,891$14.5B
30006601.85%7,944,622$12.4B
4ASML1.38%5,697,852$9.2B
57000.74%90,918,540$4.9B
6HSBA0.71%252,195,148$4.7B
7ROP0.65%10,327,995$4.3B
8NOVN0.63%28,194,379$4.2B
999880.61%262,687,496$4.1B
10AZN0.61%22,014,860$4.1B
11RY0.59%20,541,201$3.9B
12NESN0.57%37,797,148$3.8B
13SHEL0.53%83,584,669$3.5B
14SIE0.51%10,785,020$3.4B
1583060.45%161,392,016$3.0B

2026-06-24

15 holdings · 15.9% tracked weight
#TickerWeightSharesMarket Value
123303.95%356,823,748$26.4B
20059302.17%69,209,891$14.5B
30006601.85%7,944,622$12.4B
4ASML1.38%5,697,852$9.2B
57000.74%90,918,540$4.9B
6HSBA0.71%252,195,148$4.7B
7ROP0.65%10,327,995$4.3B
8NOVN0.63%28,194,379$4.2B
999880.61%262,687,496$4.1B
10AZN0.61%22,014,860$4.1B
11RY0.59%20,541,201$3.9B
12NESN0.57%37,797,148$3.8B
13SHEL0.53%83,584,669$3.5B
14SIE0.51%10,785,020$3.4B
1583060.45%161,392,016$3.0B

2026-06-23

15 holdings · 15.9% tracked weight
#TickerWeightSharesMarket Value
123303.95%356,823,748$26.4B
20059302.17%69,209,891$14.5B
30006601.85%7,944,622$12.4B
4ASML1.38%5,697,852$9.2B
57000.74%90,918,540$4.9B
6HSBA0.71%252,195,148$4.7B
7ROP0.65%10,327,995$4.3B
8NOVN0.63%28,194,379$4.2B
9AZN0.61%22,014,860$4.1B
1099880.61%262,687,496$4.1B
11RY0.59%20,541,201$3.9B
12NESN0.57%37,797,148$3.8B
13SHEL0.53%83,584,669$3.5B
14SIE0.51%10,785,020$3.4B
1583060.45%161,392,016$3.0B

2026-06-22

15 holdings · 15.9% tracked weight
#TickerWeightSharesMarket Value
123303.95%356,823,748$26.4B
20059302.17%69,209,891$14.5B
30006601.85%7,944,622$12.4B
4ASML1.38%5,697,852$9.2B
57000.74%90,918,540$4.9B
6HSBA0.71%252,195,148$4.7B
7ROP0.65%10,327,995$4.3B
8NOVN0.63%28,194,379$4.2B
9AZN0.61%22,014,860$4.1B
1099880.61%262,687,496$4.1B
11RY0.59%20,541,201$3.9B
12NESN0.57%37,797,148$3.8B
13SHEL0.53%83,584,669$3.5B
14SIE0.51%10,785,020$3.4B
1583060.45%161,392,016$3.0B

2026-06-21

15 holdings · 15.9% tracked weight
#TickerWeightSharesMarket Value
123303.95%356,823,748$26.4B
20059302.17%69,209,891$14.5B
30006601.85%7,944,622$12.4B
4ASML1.38%5,697,852$9.2B
57000.74%90,918,540$4.9B
6HSBA0.71%252,195,148$4.7B
7ROP0.65%10,327,995$4.3B
8NOVN0.63%28,194,379$4.2B
9AZN0.61%22,014,860$4.1B
1099880.61%262,687,496$4.1B
11RY0.59%20,541,201$3.9B
12NESN0.57%37,797,148$3.8B
13SHEL0.53%83,584,669$3.5B
14SIE0.51%10,785,020$3.4B
1583060.45%161,392,016$3.0B

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

Risk Profile

16.1%
Annual Volatility
1.30
Sharpe (1Y)
0.86
Sharpe (3Y)
-13.6%
Max Drawdown (3Y)
-29.4%
Max Drawdown (5Y)

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

Price Chart with Moving Averages

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What Drove VXUS Today?

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

Fund move:+0.88%(2026-06-25)

Top Contributors

+0.061%
+0.009%
+0.006%

Top Detractors

-0.005%
-0.007%
-0.013%

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

Underwater (Drawdown from Peak)

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

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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.

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Rolling Beta Market (β = 1.0)

Yield & Income

TTM Yield
30-Day SEC Yield
5Y Div CAGR

Sector Drift Over Time

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

2026-06-2672 snapshots
Other81.5%
Technology4.7%
Financial Services4.3%
Energy2.3%
Industrials1.9%
Healthcare1.5%
Basic Materials1.2%
Consumer Cyclical0.9%
Utilities0.5%
Consumer Defensive0.5%
Communication Services0.3%
Diversified Emerging Mkts0.2%
0.1%
Change since 2026-03-26
Technology
+1.1%
Healthcare
-0.2%
Basic Materials
-0.2%
Industrials
-0.2%
Consumer Defensive
-0.1%
Consumer Cyclical
-0.1%
2026-03-262026-06-26

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

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-25.

SecuritiesDB is for informational purposes only. Not investment advice.