EEMvsVWOETF Comparison
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iShares MSCI Emerging Markets ETF (EEM) belongs to the EM Large & Mid Cap segment. Vanguard FTSE Emerging Markets ETF (VWO) is part of the EM Blended Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Non-Energy Materials. EEM is more expensive with a Total Expense Ratio (TER) of 0.72%, versus 0.06% for VWO. EEM is up 24.52% year-to-date (YTD) with +$4.85B in YTD flows. VWO performs worse with 13.62% YTD performance, and +$8.66B in YTD flows. Run a side-by-side ETF comparison of EEM and VWO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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EEM vs VWO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | EEM VWO | +0.95%-0.55% | +3.74%+1.68% | +24.52%+13.62% | +28.01%+13.20% | +91.68%+70.94% | +53.40%+41.50% |
| Flows | EEM VWO | -$91M+$390M | +$1.36B+$3.52B | +$4.85B+$8.66B | +$5.13B+$12.38B | +$646M+$17.49B | -$2.34B+$27.09B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | EEM VWO | +23.93%+13.88% | +23.89%+16.37% | +18.19%+14.47% | +18.13%+15.23% |
| Max drawdown | EEM VWO | -10.20%-5.11% | -14.32%-11.04% | -15.99%-15.75% | -33.76%-29.92% |
| Max drawdown duration | EEM VWO | 59d31d | 102d50d | 218d240d | 1342d1071d |
Trading data
EEM | VWO | |
Last sale 10/6/2026 at 1:30 PM | $68.26 | $60.62 |
| Previous close 10/05/2026 | $68.73 | $60.61 |
| Consolidated volume 10/05/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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EEM | VWO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/6/2026 at 1:30 PM
Live
Closed
EEM | VWO | |
|---|---|---|
| Last price | $68.26 | $60.62 |
| 1D performance | -0.68% | +0.02% |
| AuM | $31.42 B | $128.36 B |
| E/R | 0.72% | 0.06% |
Characteristics
EEM | VWO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Vanguard |
| Benchmark | MSCI Emerging Markets Index | FTSE Emerging Markets All Cap China A Inclusion Index |
| N° of holdings | 1116 | 4589 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 7, 2003 | March 4, 2005 |
| ESG | No | No |
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Exposure
Countries
EEM
Taiwan
27.53%
Republic of Korea
20.69%
China
18.51%
India
11.36%
Other
21.91%
VWO
Taiwan
31.08%
China
22.97%
India
15.69%
Other
30.25%
Sectors
EEM
Technology
44.93%
Finance
21.13%
Non-Energy Materi.
7.17%
Other
26.77%
VWO
Technology
33.04%
Finance
21.34%
Non-Energy Materi.
9.05%
Other
36.57%
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Diversification
EEM
Total weight of top 15 holdings out of 15
40.37%
VWO
Total weight of top 15 holdings out of 15
28.36%
Top 15 holdings
Data as of August 31, 2026
EEM
Taiwan Semiconductor Manufacturing Co., Ltd.
15.07%
Samsung Electronics Co., Ltd.
7.16%
SK hynix, Inc.
5.45%
Tencent Holdings Ltd.
2.86%
Alibaba Group Holding Ltd.
1.97%
MediaTek, Inc.
1.44%
Delta Electronics, Inc.
0.91%
Samsung Electronics Co., Ltd.
0.88%
China Construction Bank Corp.
0.82%
Hon Hai Precision Industry Co., Ltd.
0.78%
HDFC Bank Ltd.
0.68%
ICICI Bank Ltd.
0.64%
Reliance Industries Ltd.
0.62%
SK Square Co. Ltd.
0.56%
Industrial & Commercial Bank of China Ltd.
0.51%
VWO
Taiwan Semiconductor Manufacturing Co., Ltd.
14.67%
Tencent Holdings Ltd.
2.89%
Alibaba Group Holding Ltd.
2.18%
MediaTek, Inc.
1.46%
Delta Electronics, Inc.
0.90%
China Construction Bank Corp.
0.86%
Hon Hai Precision Industry Co., Ltd.
0.77%
Reliance Industries Ltd.
0.72%
HDFC Bank Ltd.
0.68%
ICICI Bank Ltd.
0.65%
Industrial & Commercial Bank of China Ltd.
0.62%
PDD Holdings, Inc.
0.52%
ASE Technology Holding Co., Ltd.
0.49%
Xiaomi Corp.
0.49%
Bharti Airtel Ltd.
0.46%
Frequently asked questions about EEM and VWO
How have the EEM and VWO ETFs performed in 2026?
As of October 2, 2026, EEM is up 24.52% year-to-date (YTD), while VWO has returned 13.62%. That puts EEM better performer ahead so far this year.
Which ETF is attracting more investor money: EEM or VWO?
Year-to-date, the EEM ETF saw +$4.85B in flows, compared to +$8.66B for VWO.
Which ETF is more volatile: EEM or VWO?
Over the past year, EEM had a volatility of 23.89%, while VWO experienced 16.37%.
Which ETF is bigger: EEM or VWO?
As of October 2, 2026, EEM holds $31.42 B in assets under management (AUM), while VWO manages $128.36 B.
What sectors do the EEM and VWO ETFs invest in?
EEM leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, VWO focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the EEM ETF and VWO ETF?
EEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc.. VWO holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd..
Which ETF is more diversified: EEM or VWO?
EEM holds 1173 securities with 40.37% of its assets in the top 15. VWO has 4953 securities and a top 15 weight of 28.36%.
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