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

93.3 B

ASSETS UNDER MGMT

7 bp

EXPENSES
Fund Basics
Fund sponsorVanguard
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateMar 04, 2005
Assets (mns)$93,335
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 9.6 %
TENCENT HOLDINGS LTD 4.9 %
ALIBABA GROUP HOLDING LTD. 2.8 %
XIAOMI CORP. CLASS B 1.2 %
RELIANCE INDUSTRIES LTD 1.1 %
CHINA CONSTRUCTION BANK-H 1.0 %
PINDUODUO, INC. SPONSORED ADR CLASS A 1.0 %
ICICI BANK LTD 0.9 %
HON HAI PRECISION INDUSTRY 0.8 %
MEITUAN DIANPING 0.7 %
Constituent Breakdown
Number of holdings5971
Herfindahl-Hirschman Index 144
Wgt avg mkt cap (mns)$171,226
Large cap (>$10bn)60.0%
Mid cap ($2-10bn)19.8%
Small cap (<$2bn)9.0%
Developed mkts.5.0%
Emerging mkts.86.6%
Country Exposure
CHINA 29.3 %
TAIWAN 20.2 %
INDIA 16.5 %
BRAZIL 3.9 %
SAUDI ARABIA 3.6 %
SOUTH AFRICA 2.7 %
MEXICO 1.9 %
MALAYSIA 1.7 %
HONG KONG 1.6 %
THAILAND 1.5 %
Historical Performance


Standardized Performance (as of 08/29/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 17.0% 15.2% 12.8% 7.8% 3.1% 4.1% 3.4% 3.6%
Dividend Yield 0.1% 3.3% 3.6% 3.6% 3.1% 3.0% 2.8% 2.7%
Total Returns 17.1% 18.5% 16.3% 11.4% 6.3% 7.1% 6.1% 6.3%
Ann. Volatility 18.3% 18.0% 15.9% 16.5% 17.6% 19.7% 26.6% 26.4%
Market Correlations
versus...BetaR-squared
S&P 5000.6942%
MSCI EAFE0.7151%
MSCI Emg Mkts0.8682%
Liquidity Measures
Avg. volume (000)7,318
ADV traded (mns)$377
Turnover0.4%
Avg. Bid/Ask (% of price)0.03%
Technical Indicators
Recent close$51.53
30d moving avg.$50.98
Annualized volatility16.1%
Relative strength (RSI)60
Short interest0.7%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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
  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 9/2/2025
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

10.7%

Cat. Avg

8.0%


ALTAR Score™ Calculation

Category Overview
There are 119 funds in the Emerging Equity category, with an average ALTAR Score™ of 8.0% and a standard deviation of 2.6%. VWO's ALTAR Score™ is approximately 1.0 standard deviations above the category average. This places VWO in the 85th 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. 49.0 25.4 74.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .