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
77.9 B
ASSETS UNDER MGMT
8 bp
EXPENSES
Fund Basics
| Fund sponsor | Vanguard |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 04, 2005 |
| Assets (mns) | $77,944 |
| Expense ratio | 8 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 8.5 % |
| TENCENT HOLDINGS LTD | 3.7 % |
| ALIBABA GROUP HOLDING LTD. | 2.1 % |
| RELIANCE INDUSTRIES LTD | 1.4 % |
| HDFC BANK LIMITED | 1.3 % |
| INFOSYS TECHNOLOGIES LTD | 1.0 % |
| MEITUAN DIANPING | 1.0 % |
| HON HAI PRECISION INDUSTRY | 0.8 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 0.8 % |
| CHINA CONSTRUCTION BANK-H | 0.8 % |
Constituent Breakdown
| Number of holdings | 5915 |
| Herfindahl-Hirschman Index | 108 |
| Wgt avg mkt cap (mns) | $128,135 |
| Large cap (>$10bn) | 68.3% |
| Mid cap ($2-10bn) | 23.6% |
| Small cap (<$2bn) | 7.4% |
| Developed mkts. | 5.0% |
| Emerging mkts. | 95.0% |
Country Exposure
 |
CHINA | 22.6 % |
 |
INDIA | 21.8 % |
 |
TAIWAN | 20.3 % |
 |
BRAZIL | 4.8 % |
 |
SAUDI ARABIA | 4.1 % |
 |
SOUTH AFRICA | 2.7 % |
 |
MALAYSIA | 2.1 % |
 |
MEXICO | 1.9 % |
 |
INDONESIA | 1.8 % |
 |
THAILAND | 1.8 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.3% | 15.1% | 8.5% | -1.5% | 5.4% | 2.8% | 6.4% | Volatility | 12.8% | 13.7% | 16.2% | 17.4% | 21.1% | 19.8% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.59 | 43% |
| MSCI EAFE | 0.73 | 63% |
| MSCI Emg Mkts | 0.92 | 96% |
Liquidity Measures
| Avg. volume (000) | 7,720 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $64,554 |
Technical Indicators
| Recent close | $43.70 |
| 30d moving avg. | $44.37 |
| Annualized volatility | 16.0% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.8% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. VWO |
Expenses vs. VWO |
ALTAR Score™ vs. VWO |
|---|---|---|---|---|
| IEMG | iShares Core MSCI Emerging Markets ETF | 77.0% | +1 bp | +0.5% |
| EEM | iShares MSCI Emerging Markets ETF | 74.5% | +61 bp | -0.1% |
| SCHE | Schwab Emerging Markets Equity ETF | 74.3% | +3 bp | +0.2% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 70.9% | +3 bp | +1.5% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 70.2% | +58 bp | +3.1% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 69.7% | +28 bp | +0.9% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 68.0% | +27 bp | +0.4% |
| SPEM | SPDR Portfolio Emerging Markets ETF | 65.3% | -1 bp | +0.4% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 61.1% | +11 bp | 0.0% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 58.8% | +22 bp | +0.5% |
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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 9/10/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VWO
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
VWO
7.3%
Cat. Avg
8.0%
ALTAR Score™ Calculation
Category Overview
There are 162 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.0% and a standard deviation of
4.3%. VWO's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places VWO in the 43rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VWOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| VWO (8 bp) Percentile rank | 3 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VWO | 8.0 | 2.5 | 10.5 |
| Peer Avg. | 37.4 | 12.8 | 50.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .