VEA invests in developed-market equities outside the U.S. (Europe, Japan, Canada, and others), offering a 2.49% yield with growing exposure to semiconductor-related names like Samsung Electronics, ASML, and SK hynix.

A 25.1% one-year return has outpaced VOO's, reflecting recent relative strength in developed international markets. Unlike VXUS, which also includes emerging markets, VEA is limited to developed markets — a good fit for investors who want ex-U.S. diversification while avoiding emerging-market risk.