What is the expense ratio of VEA vs VO?

VEA has an expense ratio of 0.03%, while VO has an expense ratio of 0.03%.

VEA vs VO

Vanguard FTSE Developed Markets Index Fund ETF Shares vs Vanguard Mid-Cap Index Fund ETF Shares

Last updated: 2026-04-02

VEA Vanguard

Vanguard FTSE Developed Markets Index Fund ETF Shares (VEA) is an exchange-traded fund issued by Vanguard that provides exposure to equities in developed international markets outside the U.S.. It charges a very low expense ratio of 0.03%. The fund offers an attractive dividend yield of 2.88%. Launched in 2007, the fund has a 19-year track record.

AUM: $198.8B ER: 0.03% Yield: 2.88% Since: Jul 20, 2007

VO Vanguard

Vanguard Mid-Cap Index Fund ETF Shares (VO) is an exchange-traded fund issued by Vanguard that provides exposure to mid-cap U.S. companies balancing growth potential and stability. It charges a very low expense ratio of 0.03%. The fund offers a moderate dividend yield of 1.50%. Launched in 2004, the fund has a 22-year track record.

AUM: $90.7B ER: 0.03% Yield: 1.50% Since: Jan 26, 2004

Quick Verdict

Over the past year, VEA has significantly outperformed with a 27.7% return vs 11.4%. Income investors may prefer VEA for its higher yield (2.9% vs 1.5%).

Key Metrics

Metric	VEA	VO
Expense Ratio	0.03%	0.03%
Dividend Yield	2.9%	1.5%
Fund Family	Vanguard	Vanguard
Category	International Developed	US Mid Cap

Performance Chart

Indexed to 100 at start (5-year comparison)

VEA +29.0%

VO +27.8%

Performance Comparison

Period	VEA	VO	Difference
1 Month	-5.61%	-5.54%	-0.07%
3 Months	+3.07%	-1.24%	+4.31%
6 Months	+6.68%	-2.10%	+8.78%
YTD	+3.07%	-1.24%	+4.31%
1 Year	+27.70%	+11.38%	+16.32%
3 Years	+43.04%	+37.24%	+5.80%
5 Years	+28.99%	+27.84%	+1.15%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	VEA Fees	VO Fees	You Save
$10.000	10 years	$60	$60	$0
$10.000	20 years	$258	$258	$0
$10.000	30 years	$835	$835	$0
$50.000	10 years	$299	$299	$0
$50.000	30 years	$4.176	$4.176	$0
$100.000	30 years	$8.352	$8.352	$0

Risk Metrics

Based on 5 years of daily returns

Metric	VEA	VO
Annualized Volatility	16.4%	17.6%
Max Drawdown	-32.3%	-28.6%
Sharpe Ratio	0.12	0.11

Dividend Comparison

Metric	VEA	VO
Annual Dividend (per share)	$1.88	$4.33
Dividend Yield	2.88%	1.50%
Distribution Frequency	Quarterly	Quarterly

Top Holdings

0 of top 9 holdings overlap (0% overlap in top holdings)

VEA Top Holdings

Name	Weight
Samsung Electronics Co., Ltd.!krx/005930	2.18%
ASML Holding N.V.!ams/ASML	1.77%
SK hynix Inc.!krx/000660	1.24%
Roche Holding AGROC1.L	1.03%
Novartis AG!swx/NOVN	1.00%
HSBC Holdings plc!lon/HSBA	0.99%
AstraZeneca PLC!lon/AZN	0.98%
Nestlé S.A.!swx/NESN	0.86%
Toyota Motor Corporation!tyo/7203	0.80%

VO Top Holdings

Name	Weight
Newmont CorporationNEM	1.46%
Corning IncorporatedGLW	1.20%
Howmet Aerospace Inc.HWM	1.09%
Constellation Energy CorporationCEG	1.06%
Vertiv Holdings CoVRT	0.99%
Western Digital CorporationWDC	0.99%
Seagate Technology Holdings plcSTX	0.90%
Quanta Services, Inc.PWR	0.87%
Cummins Inc.CMI	0.83%
CRH plcCRH	0.83%

Which One Should You Choose?

Choose VEA if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose VEA if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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AGG vs VEA AGG vs VO BND vs VEA BND vs VO BNDX vs VEA BNDX vs VO EFA vs VEA EFA vs VO