VEU vs NNUK: Which ETF Is Better?
A side-by-side comparison of fees, size, returns and holdings, using data to 30 September 2026.
It is a dead heat: 4 measures each. Which matters most depends on you.
The short answer
Worth about $67,220 on $100,000 over 20 years.
Bigger funds usually trade more cheaply and are less likely to close.
A tighter gap between the buy and sell price.
VEU vs NNUK side by side
| VEU leads on 4, NNUK on 4 | VEUVanguard All-World ex US Shares Index ETF | NNUKNanuk New World Fund Active ETF |
|---|---|---|
| The basics | ||
| Index tracked | FTSE All-World ex US Index | See the PDS |
| Fund manager | Vanguard | Nanuk |
| Asset class | International shares | International shares |
| Listed | May 2009 | Mar 2022 |
| Cost and size | ||
| MERyearly fee, lower is better | 0.07%✓ | 1.10% |
| AUMfund size | $6.5bn✓ | $975m |
| Net flows (Sep)new money in, last month | $133m✓ | $16m |
| Bid/ask spreadtrading cost, lower is better | 0.03%✓ | 0.76% |
| Total returns | ||
| 1 month | +0.9% | +1.8%✓ |
| 1 year | +14.0% | +23.2%✓ |
| 3 years p.a. | +16.5% | +21.1%✓ |
| 5 years p.a. | +9.2% | – |
| $10,000 invested | ||
| 1 year ago | $11,398 | $12,325✓ |
| 5 years ago | $15,503 | – |
✓ marks the better figure on each measure. Returns include distributions, to 30 September 2026.
VEU vs NNUK price chart
Both ETFs on one chart as % change. Use the 1D to All buttons to change the period. Price only, so it leaves out distributions · TradingView
What $10,000 invested is worth now
Only VEU has a 5 years record: $10,000 then is worth $15,503 today.
Total returns to 30 September 2026, with distributions reinvested, before tax and brokerage. The price chart above leaves out distributions, so it can look worse. Past performance is not a reliable indicator of future performance.
What the fees cost you
VEU's lower fee leaves about $67,220 more in your pocket over 20 years.
Total fees paid on a $100,000 investment, assuming a 7% a year return before fees. Illustration only: it ignores tax, brokerage and differences in returns.
Get the full VEU vs NNUK report
- Every holding of each ETF: the top 50 companies, with sectors and countries
- Exactly which companies they share, and how much of each
- Fees in dollars over 10, 20 and 30 years
- Every metric side by side, including the index each tracks
- ★ FREE BONUSIs now a good time to invest? The Market Health-O-Meter
FAQs
Which is better, VEU or NNUK?
It depends on what you need. On our numbers VEU wins on 4 measures and NNUK on 4. VEU is cheaper, with a management fee of 0.07% vs 1.10%. On $100,000 over 20 years that difference is worth about $67,220. VEU is the larger fund at $6.5bn vs $975m. NNUK has the better 1-year return: +23.2% vs +14.0%.
Which is cheaper, VEU or NNUK?
VEU charges 0.07% a year and NNUK charges 1.10% a year.
Can I hold both VEU and NNUK?
You can, but check how much they overlap. VEU is a international shares fund and NNUK is a international shares fund.
More comparisons
General information only, not a recommendation. Past performance is not a reliable indicator of future performance.