VWO
Vanguard FTSE Emerging Markets ETF
Vanguard FTSE Emerging Markets ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 115.8 B
ASSETS UNDER MGMT
6 bp
EXPENSES
Fund Basics
| Inception date | Mar 04, 2005 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 15.8 % |
| TENCENT HOLDINGS LTD | 2.7 % |
| ALIBABA GROUP HOLDING LTD. | 2.1 % |
| MEDIATEK INC | 1.6 % |
| CHINA CONSTRUCTION BANK-H | 1.1 % |
| HON HAI PRECISION INDUSTRY | 0.8 % |
| HDFC BANK LIMITED | 0.7 % |
| RELIANCE INDUSTRIES LTD | 0.7 % |
| DELTA ELECTRONICS INC | 0.7 % |
| IND & COMM BK OF CHINA - H | 0.7 % |
Constituent Breakdown
| Number of holdings | 6527 |
| Herfindahl-Hirschman Index | 275 |
| Wgt avg mkt cap (mns) | $372,428 |
| Large cap (>$10bn) | 67.0% |
| Mid cap ($2-10bn) | 15.3% |
| Small cap (<$2bn) | 4.3% |
| Developed mkts. | 1.4% |
| Emerging mkts. | 88.2% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 32.8 % |
 |
CHINA | 21.2 % |
 |
INDIA | 13.2 % |
 |
BRAZIL | 3.8 % |
 |
SOUTH AFRICA | 2.9 % |
 |
SAUDI ARABIA | 2.8 % |
 |
MEXICO | 2.1 % |
 |
MALAYSIA | 1.7 % |
 |
THAILAND | 1.4 % |
 |
HONG KONG | 1.3 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.3% | 9.5% | 11.3% | 14.8% | 3.5% | 4.7% | 2.9% | 4.1% |
| Dividend Yield | 0.9% | 3.0% | 3.4% | 3.5% | 3.2% | 3.0% | 2.9% | 2.8% |
| Total Returns | 11.2% | 12.5% | 14.7% | 18.3% | 6.7% | 7.6% | 5.8% | 6.9% | Ann. Volatility | 19.0% | 17.8% | 17.5% | 16.5% | 17.5% | 19.1% | 26.3% | 26.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.13 | 68% |
| MSCI EAFE | 0.94 | 70% |
| MSCI Emg Mkts | 0.67 | 90% |
Liquidity Measures
| Avg. volume (000) | 7,883 |
| ADV traded (mns) | $439 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $58.32 |
| Relative strength (RSI) | 36 |
| MACD/Signal | -0.94/-0.71 |
| Bollinger Bands (Upper/Lower) | $61.20/$55.37 |
| Short interest (% of AUM) | 1.3% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VWO |
Expenses vs. VWO |
ALTAR Score™ vs. VWO |
|---|---|---|---|---|
| SCHE | Schwab Emerging Markets Equity ETF | 74.6% | 0 bp | +0.6% |
| EEM | iShares MSCI Emerging Markets ETF | 69.3% | +66 bp | -0.6% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 69.1% | +5 bp | +0.1% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 69.0% | +9 bp | +0.1% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 68.9% | +145 bp | -1.1% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 68.2% | +3 bp | -0.2% |
| SPEM | SPDR Portfolio Emerging Markets ETF | 67.6% | +1 bp | +0.1% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 67.5% | +24 bp | -0.3% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 66.5% | +60 bp | -0.5% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 66.1% | +39 bp | -0.1% |
Risk and Returns: VWO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
9.8%
ALTAR SCORE™
77th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 211 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.1% and a standard deviation
of 2.3%. VWO's ALTAR Score™ is approximately 0.7 standard
deviations above the category average. This places VWO in the 77th percentile
among funds in the category.
Sell-Side Consensus
$76.22
PRICE TARGET
+36.8%
UPSIDE