Total World Stock ETF (VT)


Options Expense ratio Minimum
Investor 0.19% N/A
Inst 0.09% $5.0 Million
ETF 0.10%

Vanguard ETF Shares can be bought and sold only through a broker (who may charge a commission) and cannot be redeemed with the issuing fund. The market price of Vanguard ETF Shares may be more or less than net asset value.

About our options  



Product type: International World Stock
 inception on 06/24/2008
$16.0 billion

This represents the total net assets for all share classes of Vanguard's U.S. funds, as well as any collective trust that shares the same investment strategy, management and holdings.

 as of 12/31/2018
$11.8 billion net assets for
 as of 12/31/2018
8,116 holdings as of 12/31/2018
Indexed to the FTSE Global All Cap Index (TGPVA16U)
Turnover rate (Fiscal year-end  10/31/2018) 8.90%
CUSIP: 922042742


Intraday Optimized Value Ticker
Intraday Optimized Value (IOV), also known as the Intraday Indicative Value (IIV), is the calculated per share price of the ETF which is published every 15 seconds based on the last sale price of each of the underlying securities in the portfolio basket, plus any estimated cash amounts associated with the creation unit.

Outstanding shares: 180,964,409 as of 12/31/2018
ETF exchange: NYSE Arca



Diversified index portfolio of international and U.S. stocks.

Central tendency
Expected range

How to read our stylebox  

Investment approach

  • Seeks to track the performance of the FTSE Global All Cap Index.
  • Passively managed, using index sampling.
  • Fund remains fully invested.
  • Broad exposure across developed and emerging equity markets around the world, including the United States.
  • Low expenses minimize net tracking error.

Total returns

as of 12/31/2018

View as:

as of 12/31/2018

  1 year 3 year 5 year 10 year


Market price  – 9.79% 6.80% 4.40% 9.50% 4.88%
– 9.67% 6.86% 4.48% 9.61% 4.90%

Spliced Total World Stock Index

– 9.74% 6.86% 4.57% 9.85%

In order to determine the performance of the fund prior to adjustments for fair value pricing, simply subtract the Fair value impact figure from the NAV performance figure. For example, by subtracting -0.09% from 18.23%, we arrive at a performance figure of 18.32% [18.23% - (-0.09%) = 18.32%].

0.14% 0.08% – 0.01% – 0.11%

* FTSE All-World Index through December 18, 2011, and FTSE Global All Cap Index thereafter. Benchmark returns are adjusted for withholding taxes.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.

Regional exposure as of 12/31/2018

  Region  VT

FTSE Global All Cap Index

+/- Weight
Europe 19.4% 18.9% 0.5%
Pacific 13.5% 13.8% – 0.3%
Emerging Markets 9.9% 10.1% – 0.2%
North America 56.8% 56.8% 0.0%
Middle East 0.2% 0.2% 0.0%
Other 0.2% 0.2% 0.0%
Total 100.0% 100.0%  

Top 10 markets as of 12/31/2018

Market Region VT

FTSE Global All Cap Index

+/- Weight
United States North America 53.8% 53.8% 0.0%
Japan Pacific 8.0% 8.2% – 0.2%
United Kingdom Europe 5.6% 5.4% 0.2%
China Emerging Markets 3.1% 3.2% – 0.1%
France Europe 3.0% 3.0% 0.0%
Canada North America 3.0% 3.0% 0.0%
Germany Europe 2.7% 2.6% 0.1%
Switzerland Europe 2.6% 2.5% 0.1%
Australia Pacific 2.2% 2.2% 0.0%
Korea Pacific 1.6% 1.6% 0.0%
Top 10 equals 85.6% of stock

Market allocation details  

Sector weightings as of 12/31/2018

  Sector  VT

FTSE Global All Cap Index

+/- Weight
Financials 21.9% 21.9% 0.0%
Technology 14.4% 14.4% 0.0%
Industrials 13.4% 13.4% 0.0%
Consumer Services 11.5% 11.5% 0.0%
Health Care 11.3% 11.2% 0.1%
Consumer Goods 11.0% 11.0% 0.0%
Oil & Gas 5.8% 5.9% – 0.1%
Basic Materials 4.6% 4.6% 0.0%
Utilities 3.3% 3.3% 0.0%
Telecommunications 2.8% 2.8% 0.0%
Other 0.0% 0.0% 0.0%
Total 100.0% 100.0%

Sector categories are based on the Industry Classification Benchmark, except for the "Other" category (if applicable), which includes securities that have not been provided a Industry Classification Benchmark as of the effective reporting period.

Top 10 Equity Holdings as of 12/31/2018

Rank Holding
1 Microsoft Corp.
2 Apple Inc.
3 Alphabet Inc.
4 Inc.
5 Berkshire Hathaway Inc.
6 Johnson & Johnson
7 JPMorgan Chase & Co.
8 Facebook Inc.
9 Exxon Mobil Corp.
10 Pfizer Inc.
Top 10 equals 9.9% of net assets

Portfolio holdings may exclude any temporary cash investments and equity index products.



as of 12/31/2018

FTSE Global All Cap Index

Number of stock 8,116 7,863
Avg market cap $116.1 billion $116.8 billion
Median market cap $39.5 billion $40.4 billion
P/E ratio 13.9x 13.9x
P/B ratio 1.9x 1.9x
Turnover rate 8.9% Fiscal year end 10/2018 N/A
% Emerging 9.90% 10.10%
% Developed 90.10% 89.90%

Risk and volatility as of 12/31/2018


Spliced Total World Stock Index

R-squared N/A 0.99
Beta N/A 0.99
Alpha 0.01 N/A
Standard deviation 10.65% 10.77%
Sharpe ratio 0.55 0.55

Risk and volatility are based on the share class with the earliest inception date.

Risk measures are calculated from trailing 36-month fund returns relative to the associated benchmarks.

An investment in the fund could lose money over short or even long periods. You should expect the fund’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall stock market. Although Total World Stock ETF is listed for trading on the NYSE Arca, it is possible that an active trading market may not be maintained. Trading of  Total World Stock ETF on the NYSE Arca may be halted if NYSE Arca officials deem such action appropriate, if Total World Stock ETF are delisted from the NYSE Arca, or if the activation of marketwide “circuit breakers” halts stock trading generally. The fund’s performance could be hurt by:

  • Stock market risk: The chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising stock prices and periods of falling stock prices. The fund’s investments in foreign stocks can be riskier than U.S. stock investments. Foreign stocks tend to be more volatile and less liquid than U.S. stocks. The prices of foreign stocks and the prices of U.S. stocks may move in opposite directions. In addition, the fund’s target index may, at times, become focused in stocks of a particular market sector, which would subject the fund to proportionately higher exposure to the risks of that sector.
  • Country/Regional risk: The chance that world events—such as political upheaval, financial troubles, or natural disasters—will adversely affect the value of securities issued by companies in foreign countries or regions. Country/regional risk is especially high in emerging markets. The index’s, and therefore the fund’s, heavy exposure to China, Brazil, and Taiwan subjects the fund to a higher degree of country risk than that of more geographically diversified international funds.
  • Emerging markets risk: The chance the stocks of companies located in emerging markets will be substantially more volatile, and substantially less liquid, than the stocks of companies located in more developed foreign markets because, among other factors, emerging markets can have greater custodial and operational risks; less developed legal, tax, regulatory, and accounting systems; and greater political, social, and economic instability than developed markets.
  • Currency risk: The chance that the value of a foreign investment, measured in U.S. dollars, will decrease because of unfavorable changes in currency exchange rates.
  • Index sampling risk: The chance that the securities selected for the fund, in the aggregate, will not provide investment performance matching that of the index. Index sampling risk for the fund should be low.

Vanguard ETF Shares can be bought and sold only through a broker (who may charge a commission) and cannot be redeemed with the issuing fund. The market price of Vanguard ETF Shares may be more or less than net asset value. Investments are subject to market risk. Go to the performance page to read more about risk and volatility.