The Global Illusion: A Skeptic’s Dance with Vanguard’s Twin ETFs

Both funds, like twin moths drawn to the same flame of broad-market exposure, diverge in their allegiance to the U.S. stockyard. VT, the omnivorous glutton, devours domestic and foreign equities alike; VXUS, the ascetic, fasts from all things American, feasting instead on the crumbs of developed and emerging markets. Yet to call their differences “notable” is to call the Grand Canyon a ditch-a metaphor so flimsy it might crumble beneath the weight of one’s own skepticism.



