International vs US

VXUS vs VTI after taxes

Compare a total international fund against a total US market fund, including foreign-dividend tax character.

VXUS holds the total international market outside the US, while VTI holds the total US market. International funds often carry a higher dividend yield and pass through foreign taxes paid on those dividends.

In a taxable account, foreign taxes paid may be claimable as a foreign tax credit, an offset that is generally unavailable inside an IRA or Roth. This page frames the account-placement question so you can model it directly.

Historical results

$10,000 invested, 2012-01-03 to 2025-12-31

HoldingPre-tax valuePre-tax CAGRMax drawdownAfter-tax valueAfter-tax CAGR

International (VXUS)

VXUS

$27,3537.46%-35.97%$24,7936.70%

US total market (VTI)

VTI

$65,58814.39%-35.00%$62,06813.94%

Historical results for a $10,000 lump sum with dividends reinvested and monthly rebalancing, as of 2025-12-31. Past performance does not guarantee future results. Not investment advice.

After-tax assumptions: Single filer, $150,000 income, taxable account, HIFO lots, 2026 federal brackets, no state tax.

Run it live with your own dates and tax profile

What you'll see when you run it

  • Compare after-tax paths for the taxable-account case.
  • Note that the foreign tax credit generally applies only in taxable accounts.
  • Change the date range to see US and international lead in different periods.

What this comparison covers

  • US versus non-US market coverage and dividend yield.
  • Foreign dividends and foreign taxes withheld at the fund level.
  • How the foreign tax credit interacts with account placement.

FAQ

What is the foreign tax credit consideration here?

International funds pay foreign taxes on their dividends. In a taxable account those taxes may be claimable as a foreign tax credit, which is generally not available inside an IRA or Roth. That can influence where investors place international exposure.

Does the backtest model the foreign tax credit?

The backtest applies the tax assumptions you configure. Treat the foreign tax credit as an account-placement consideration to review, not an automatically optimized output, and confirm details with a tax professional.

Run this comparison with your own dates, account type, and tax profile.

Open the prefilled backtest

Related Pages