$Vanguard Total International Stock Index Fund ETF Shares(VXUS)$is an etf that consists of all the international stocks, similar to VTI or IWDA, but excludes the US stock market. This makes it a suitable etf for those who are looking to diversify their stock holdings globally while also trying to avoid the US stocks. There could be a few reasons for this. First, the investor could be wary of US stock market valuations. At a current P/E ratio of 20, the US stock market is still way higher than the long term average P/E ratio of 15-16. And this is after the near 20% correction of recent weeks. This could imply that the US market could potentially continue to fall, and that the recent surge could just be a dead cat bounce. Another reas