VEU vs. HFXI ETF Comparison

Comparison of Vanguard FTSE All World Ex US ETF (VEU) to IQ 50 Percent Hedged FTSE International ETF (HFXI)

VEU

Vanguard FTSE All World Ex US ETF

VEU Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks of companies located in developed and emerging markets outside of the United States. The fund employs an indexing investment approach designed to track the performance of the FTSE All-World ex US Index, a free-float-adjusted, market-capitalization-weighted index designed to measure equity market performance of international markets. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$59.19

Average Daily Volume

2,076,190

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

HFXI

IQ 50 Percent Hedged FTSE International ETF

HFXI Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the FTSE Developed ex North America 50% Hedged to USD Index (the "underlying index"). The underlying index is an equity benchmark of international stocks from developed markets, with approximately half of the currency exposure of the securities included in the underlying index "hedged" against the U.S. dollar on a monthly basis. The fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities and other instruments included in its underlying index.

Grade (RS Rating)

Last Trade

$26.53

Average Daily Volume

101,680

Number of Holdings ^*

28

* may have additional holdings in another (foreign) market

Performance

Period	VEU	HFXI
30 Days	-2.58%	-1.12%
60 Days	-4.08%	-2.75%
90 Days	-3.78%	-3.24%
12 Months	12.95%	13.34%

31 Overlapping Holdings

	Symbol	Grade	Weight in VEU	Weight in HFXI	Overlap
	ABBV	D	0.31%	0.47%	0.31%
	AEI	D	0.02%	0.04%	0.02%
	AGCO	D	0.02%	0.04%	0.02%
	BCS	C	0.16%	0.24%	0.16%
	DEO	F	0.24%	0.39%	0.24%
	E	F	0.12%	0.2%	0.12%
	FLUT	A	0.14%	0.21%	0.14%
	HMC	F	0.17%	0.26%	0.17%
	HSBH	B	0.59%	0.85%	0.59%
	KB	B	0.04%	0.13%	0.04%
	KB	B	0.04%	0.13%	0.04%
	KEP	B	0.0%	0.03%	0.0%
	KEP	B	0.01%	0.03%	0.01%
	LOGI	D	0.04%	0.08%	0.04%
	LPL	F	0.01%	0.0%	0.0%
	LYG	F	0.15%	0.26%	0.15%
	MBAVU	D	0.02%	0.03%	0.02%
	MFG	B	0.18%	0.27%	0.18%
	MUFG	B	0.41%	0.58%	0.41%
	NMR	B	0.05%	0.09%	0.05%
	NVS	D	0.77%	1.17%	0.77%
	QGEN	D	0.03%	0.05%	0.03%
	SHG	D	0.04%	0.13%	0.04%
	SHG	D	0.02%	0.13%	0.02%
	SMFG	B	0.27%	0.42%	0.27%
	SONY	B	0.37%	0.59%	0.37%
	STLA	F	0.1%	0.15%	0.1%
	SW	A	0.09%	0.14%	0.09%
	TM	D	0.71%	1.07%	0.71%
	UL	D	0.52%	0.81%	0.52%
	XRX	F	0.05%	0.09%	0.05%

VEU Overweight 75 Positions Relative to HFXI

	Symbol	Grade	Weight
	BABA	D	0.72%
	HDB	C	0.4%
	TD	F	0.34%
	SHOP	B	0.33%
	PDD	F	0.3%
	IBN	C	0.21%
	CNI	D	0.21%
	WCN	A	0.16%
	VALE	F	0.12%
	INFY	B	0.12%
	TCOM	B	0.12%
	GOLD	D	0.11%
	BIDU	F	0.09%
	ITUB	F	0.06%
	YUMC	C	0.06%
	BEKE	D	0.05%
	LI	F	0.05%
	BGNE	D	0.04%
	XPEV	C	0.03%
	CHT	D	0.03%
	BBD	D	0.03%
	UMC	F	0.03%
	VALE	F	0.03%
	TME	D	0.03%
	UMC	F	0.03%
	PKX	F	0.03%
	BZ	F	0.02%
	TAL	F	0.02%
	VIPS	F	0.02%
	BCH	F	0.02%
	WIT	A	0.02%
	ABEV	F	0.02%
	ERJ	B	0.02%
	BILI	D	0.02%
	NIO	F	0.02%
	ASAI	F	0.02%
	YMM	C	0.02%
	PBR	C	0.02%
	CHT	D	0.02%
	ATHM	D	0.01%
	GGB	C	0.01%
	GDS	C	0.01%
	SQM	F	0.01%
	BSAC	F	0.01%
	GGB	C	0.01%
	RDY	F	0.01%
	CSAN	F	0.01%
	BRFS	D	0.01%
	SBSW	D	0.01%
	TSM	B	0.01%
	CIB	B	0.01%
	ABEV	F	0.01%
	CX	D	0.01%
	QFIN	B	0.01%
	WIT	A	0.01%
	ATHM	D	0.0%
	JEWL	F	0.0%
	BAK	F	0.0%
	ASAI	F	0.0%
	ENIC	D	0.0%
	ELP	F	0.0%
	SID	F	0.0%
	TS	B	0.0%
	WB	D	0.0%
	TAK	F	0.0%
	EC	D	0.0%
	MNTX	C	0.0%
	VIV	F	0.0%
	CIG	C	0.0%
	YY	C	0.0%
	DQ	F	0.0%
	PIXY	F	0.0%
	AKO.A	F	0.0%
	IQ	F	0.0%
	RLX	C	0.0%

VEU Underweight 0 Positions Relative to HFXI

	Symbol	Grade	Weight

VEU: Top Represented Industries & Keywords

Industries: Internet Content & Information Auto Manufacturers Banks - Regional - Asia Banks - Regional - Latin America Banks - Global Information Technology Services Oil & Gas Integrated Specialty Retail Steel Chemicals Consumer Electronics Drug Manufacturers - Major Drug Manufacturers - Specialty & Generic Gold Semiconductors Software - Application Telecom Services Utilities - Diversified Utilities - Regulated Electric Aerospace & Defense

Keywords: Bank Banking Investment Banking Financial Products Investment Banking Services Currency Investment Product Cash Management Commercial Banking Natural Gas Telecommunications Transport Cars Electricity Factoring Financial Advisory Services Insurance Products Investment Bank Project Finance Securitization

HFXI: Top Represented Industries & Keywords

Industries: Auto Manufacturers Banks - Global Banks - Regional - Asia Consumer Electronics Drug Manufacturers - Major Banks - Regional - Europe Beverages - Wineries & Distilleries Capital Markets Computer Systems Diagnostics & Research Farm & Construction Equipment Gambling Household & Personal Products Information Technology Services Oil & Gas Integrated Packaging & Containers Real Estate - Development Utilities - Regulated Electric

Keywords: Bank Banking Investment Banking Investment Banking Services Financial Products Asset Management Corporate Banking Investment Bank Structured Finance Advisory Services Cars Commercial Banking Financial Advisory Services Insurance Products Investment Product Project Finance Securitization Syndicated Loan Account Management Asset And Liability Management