If you look at a broad ex-US ETF like VXUS and compare it to a broad US ETF like VTI or VOO, you’ll see that VXUS is outperforming the US market. But this doesn’t tell the whole story. If we divide VXUS into its component regions, the picture starts to become clearer Region Ticker ex-US Market Cap Weight YTD Europe FLEE 36.0% 11.63% Japan FLJP 15.4% 21.50% Taiwan FLTW 8.1% 74.69% Canada FLCA 7.9% 16.43% China FLCH 7.2% -8.61% South Korea FLKR 5.9% 87.32% India FLIN 4.5% -6.92%
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