VWO — Vanguard FTSE Emerging Markets Index Fund ETF Shares

VWO Price Performance — Growth of $10,000

Value of a $10,000 investment in VWO over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

VWO Drawdown

The "underwater" chart: VWO's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Vanguard FTSE Emerging Markets Index Fund ETF Shares is an Emerging Markets vehicle issued by Vanguard with $165 billion in assets under management. It holds a B grade and ranks 7 of 10 within its category, placing it at #145 of 458 tracked ETFs overall. The fund’s 0.06% expense ratio sits well below the category median of 0.29%, while its 2.50% dividend yield exceeds the peer average of 2.34%. Top holdings comprise 30.1% of assets, with Taiwan Semiconductor Manufacturing Co Ltd representing the largest single position at 15.6%.

Price action shows the fund trading at 81.9% of its 52-week range, reflecting a recent 1-day decline of 1.27% against a 1-week gain of 0.91%. Short-term momentum has been mixed, with a 1-month loss of 2.07% contrasting with a 6-month gain of 6.26% and a year-to-date increase of 9.29%. Over the longer term, the 1-year return of 11.34% trails the category median of 23.41%, though the 3-year figure stands at 66.23%. The ETFValuer grade of B has remained unchanged across the last 35 tracked days, based on 3.0 years of available price history.

With a beta of 0.75, the fund exhibits lower sensitivity to market movements compared to the broader index. Annualized volatility of 17.93% is labeled as Moderate, while the Sharpe ratio of 0.35 indicates modest risk-adjusted returns. The maximum drawdown of -17.37% highlights the extent of recent peak-to-trough losses. Liquidity is supported by an average daily volume of 6,905,685 shares, facilitating standard trading activity.

AI-generated summary based on the data on this page.

VWO Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 30.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VWO's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With VWO

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with VWO's top 10 — SCHE overlaps most, holding 8 of the same companies as VWO's top 10 (26.0% of VWO's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 15.01 (as of 2026-10-06) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

Trade-Weighted US Dollar Index: 121.38 (as of 2026-10-02) — Measures the US dollar’s strength against major trading-partner currencies — dollar moves directly affect the US-dollar value of this fund’s international holdings.

VWO Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 6.9M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $165B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: VWO is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

VWO Performance History

How VWO Compares to Other Emerging Markets ETFs