Equity: Global Ex-U.S. - Total Market
With 28 ETFs and over $74.90B in combined AUM, the Equity: Global Ex-U.S. - Total Market segment provides exposure to the Global Ex-U.S. space with a focus on Total Market securities.
Year-to-date, the best-performing ETF in the segment is the First Trust International Equity Opportunities ETF (FPXI), with a total return of 36.25%. Meanwhile, the most popular ETF is the Vanguard FTSE All-World ex-US ETF (VEU) with $23.95BB in assets under management.
Investors should take a look at the Vanguard Total International Stock ETF (VXUS). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. VXUS tracks a market-cap-weighted index of global stocks covering 99% of the world's global market capitalization outside the US. VXUS has an expense ratio of 0.08% and tracks the FTSE Global All Cap ex US Net US RIC.
ETF.com Efficiency Insight
The average efficiency score in the Equity: Global Ex-U.S. - Total Market segment is 74 out of 100, with the Vident International Equity Fund(VIDI) obtaining the highest rating of 91 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.47% per year, with the Vanguard Total International Stock ETF (VXUS) having the lowest expense ratio, charging investors 0.08% yearly.
Investors should look for funds with tight tracking, such as the FlexShares International Quality Dividend Index Fund (IQDF), with a 12-month median tracking difference of -0.05%.
ETF.com Tradability Insight
The average tradability score in the Equity: Global Ex-U.S. - Total Market segment is 59 out of 100, with the iShares MSCI ACWI ex U.S. ETF(ACWX) obtaining the highest rating of 90 out of 100.
The Vanguard FTSE All-World ex-US ETF (VEU) is the undisputed segment leader when it comes to liquidity. The fund trades 237.26M in daily average volume. Investors should also find ample liquidity in the Vanguard Total International Stock ETF (VXUS), with $157.12M in daily dollar volume.
Use limit orders to trade funds such as the Arrow DWA Country Rotation ETF(DWCR), due to their double-digit market spreads.
ETF.com Fit Insight
The MSCI ACWI ex USA IMI Index -TR net has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to IXUS. This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, PID follows a Dividends strategy and obtains a low Fit score compared with our neutral benchmark.