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

91.5 B

ASSETS UNDER MGMT

7 bp

EXPENSES
Fund Basics
Fund sponsorVanguard
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateMar 04, 2005
Assets (mns)$91,486
Expense ratio7 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyDelayed
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TAIWAN SEMICONDUCTOR MANUFAC 9.3 %
TENCENT HOLDINGS LTD 4.2 %
CANVEST ENVIRONMENTAL PROTECTION GROUP C 2.7 %
ALIBABA GROUP HOLDING LTD. 2.5 %
HDFC BANK LIMITED 1.4 %
XIAOMI CORP. CLASS B 1.3 %
RELIANCE INDUSTRIES LTD 1.0 %
CHINA CONSTRUCTION BANK-H 1.0 %
MEITUAN DIANPING 0.9 %
ICICI BANK LTD 0.9 %
Constituent Breakdown
Number of holdings5948
Herfindahl-Hirschman Index 133
Wgt avg mkt cap (mns)$124,931
Large cap (>$10bn)60.8%
Mid cap ($2-10bn)20.8%
Small cap (<$2bn)6.8%
Developed mkts.5.1%
Emerging mkts.86.3%
Country Exposure
CHINA 26.3 %
TAIWAN 19.9 %
INDIA 18.0 %
BRAZIL 4.3 %
HONG KONG 4.2 %
SAUDI ARABIA 3.6 %
SOUTH AFRICA 2.5 %
MEXICO 1.9 %
MALAYSIA 1.7 %
THAILAND 1.5 %
Historical Performance


Standardized Performance (as of 06/30/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 12.3% 13.0% 10.3% 5.9% 4.5% 1.9% 3.6% 3.4%
Dividend Yield 0.1% 3.2% 3.5% 3.5% 3.2% 2.9% 2.8% 2.7%
Total Returns 12.4% 16.2% 13.7% 9.4% 7.7% 4.9% 6.4% 6.1%
Ann. Volatility 20.5% 18.7% 16.3% 16.7% 17.9% 20.0% 26.6% 26.5%
Market Correlations
versus...BetaR-squared
S&P 5000.5935%
MSCI EAFE0.7152%
MSCI Emg Mkts0.9090%
Liquidity Measures
Avg. volume (000)8,395
ADV traded (mns)$420
Turnover0.5%
Avg. Bid/Ask (% of price)0.03%
Technical Indicators
Recent close$50.02
30d moving avg.$48.41
Annualized volatility16.1%
Relative strength (RSI)63
Short interest2.3%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Risk and Returns: 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
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
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Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Return on Equity
Net Margins

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 7/6/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings



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

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

VWO

10.5%

Cat. Avg

8.2%


ALTAR Score™ Calculation

Category Overview
There are 118 funds in the Emerging Equity category, with an average ALTAR Score™ of 8.2% and a standard deviation of 2.7%. VWO's ALTAR Score™ is approximately 0.9 standard deviations above the category average. This places VWO in the 81st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

VWO
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
Emerging Market Equity ETFs
# of ETFs 53
Avg. Expense Ratio 52.8 bp
Std. Deviation 23.2 bp
(7 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 7.0 0.0 7
Peer Avg. 50.3 27.3 77.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .