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
$ 120.9 B
ASSETS UNDER MGMT
7 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 | 15.6 % |
| TENCENT HOLDINGS LTD | 2.9 % |
| ALIBABA GROUP HOLDING LTD. | 2.4 % |
| MEDIATEK INC | 1.7 % |
| DELTA ELECTRONICS INC | 1.3 % |
| HON HAI PRECISION INDUSTRY | 1.0 % |
| RELIANCE INDUSTRIES LTD | 0.8 % |
| CHINA CONSTRUCTION BANK-H | 0.8 % |
| HDFC BANK LIMITED | 0.8 % |
| ICICI BANK LTD | 0.6 % |
Constituent Breakdown
| Number of holdings | 6374 |
| Herfindahl-Hirschman Index | 262 |
| Wgt avg mkt cap (mns) | $239,695 |
| Large cap (>$10bn) | 64.6% |
| Mid cap ($2-10bn) | 17.8% |
| Small cap (<$2bn) | 5.0% |
| Developed mkts. | 2.1% |
| Emerging mkts. | 87.6% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 31.8 % |
 |
CHINA | 22.7 % |
 |
INDIA | 13.0 % |
 |
BRAZIL | 3.9 % |
 |
SOUTH AFRICA | 2.9 % |
 |
SAUDI ARABIA | 2.9 % |
 |
MEXICO | 2.0 % |
 |
MALAYSIA | 1.7 % |
 |
HONG KONG | 1.5 % |
 |
THAILAND | 1.3 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 11.4% | 27.4% | 17.9% | 15.3% | 2.1% | 5.9% | 3.2% | 4.2% |
| Dividend Yield | 0.0% | 1.0% | 2.4% | 2.9% | 2.9% | 2.9% | 2.7% | 2.7% |
| Total Returns | 11.4% | 28.4% | 20.3% | 18.3% | 5.0% | 8.8% | 5.9% | 6.9% | Ann. Volatility | 20.2% | 15.8% | 17.3% | 16.1% | 17.4% | 19.2% | 26.4% | 26.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 58% |
| MSCI EAFE | 0.85 | 65% |
| MSCI Emg Mkts | 0.77 | 93% |
Liquidity Measures
| Avg. volume (000) | 7,996 |
| ADV traded (mns) | $489 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| 30d moving avg. (EMA) | $58.85 |
| Relative strength (RSI) | 56 |
| MACD/Signal | 0.49/0.52 |
| Bollinger Bands (Upper/Lower) | $61.10/$57.87 |
| Short interest (% of AUM) | 0.7% |
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 | 74.5% | +4 bp | +0.4% |
| EEM | iShares MSCI Emerging Markets ETF | 67.4% | +62 bp | -1.7% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 67.4% | +62 bp | -2.0% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 66.8% | +4 bp | -1.7% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 66.6% | +2 bp | -1.3% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 66.6% | +8 bp | -1.4% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 66.1% | +29 bp | -1.9% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 65.8% | +59 bp | -2.3% |
| SPEM | SPDR Portfolio Emerging Markets ETF | 65.7% | 0 bp | +0.3% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 65.3% | +23 bp | -1.5% |
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 (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 6/3/2026
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
9.6%
ALTAR SCORE™
85th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. 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
$71.09
PRICE TARGET
+16.2%
UPSIDE