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.
Fund Basics
| Fund sponsor | Vanguard |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 04, 2005 |
| Assets (mns) | $71,619 |
| 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 | 5.4 % |
| TENCENT HOLDINGS LTD | 3.6 % |
| ALIBABA GROUP HOLDING LTD. | 2.3 % |
| RELIANCE INDUSTRIES LTD | 1.4 % |
| MEITUAN DIANPING | 1.1 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.0 % |
| HDFC BANK LIMITED | 1.0 % |
| INFOSYS TECHNOLOGIES LTD | 0.8 % |
| VALE SA | 0.8 % |
| TAIWAN SEMICONDUCTOR-SP ADR | 0.8 % |
Constituent Breakdown
| Number of holdings | 5740 |
| Herfindahl-Hirschman Index | 214 |
| Wgt avg mkt cap (mns) | $76,222 |
| Large cap (>$10bn) | 61.8% |
| Mid cap ($2-10bn) | 28.2% |
| Small cap (<$2bn) | 9.0% |
| Developed mkts. | 6.2% |
| Emerging mkts. | 93.8% |
Country Exposure
 |
CHINA | 26.9 % |
 |
TAIWAN | 18.4 % |
 |
INDIA | 18.1 % |
 |
BRAZIL | 6.3 % |
 |
SAUDI ARABIA | 4.2 % |
 |
SOUTH AFRICA | 2.7 % |
 |
MEXICO | 2.6 % |
 |
INDONESIA | 2.2 % |
 |
THAILAND | 2.0 % |
 |
HONG KONG | 1.9 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 6.7% | 4.3% | -5.7% | -2.1% | 3.6% | 2.7% | 6.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.58 | 39% |
| MSCI EAFE | 0.77 | 62% |
| MSCI Emg Mkts | 0.91 | 96% |
Liquidity Measures
| Avg. volume (000) | 9,652 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.03% |
| ADV of underlying (mns) | $59,558 |
Technical Indicators
| Recent close | $40.63 |
| 30d moving avg. | $38.71 |
| Annualized volatility | 16.5% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.2% |
| 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 | 76.1% | +1 bp | +7.8% |
| SCHE | Schwab Emerging Markets Equity ETF | 74.3% | +3 bp | +7.7% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 73.8% | +58 bp | +7.3% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 73.2% | +28 bp | +7.6% |
| EEM | iShares MSCI Emerging Markets ETF | 73.2% | +60 bp | +7.4% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 66.3% | +3 bp | 0.0% |
| DFAE | Dimensional Emerging Core Equity Market ETF | 65.0% | +27 bp | +7.9% |
| SPEM | SPDR Portfolio Emerging Markets ETF | 62.9% | -1 bp | +1.7% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 58.2% | +41 bp | +8.4% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 57.0% | +22 bp | +7.8% |
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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 11/30/2023
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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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
VWO
-0.6%
Cat. Avg
7.0%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -0.6% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 176 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.0% and a standard deviation of
4.2%. VWO's ALTAR Score™ is approximately
1.8 standard deviations
below
the category average. This places VWO in the 4th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
VWO
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
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Today's Trading
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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. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .