GMFvsVWOETF Comparison
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State Street SPDR S&P Emerging Asia Pacific ETF (GMF) and Vanguard FTSE Emerging Markets ETF (VWO) belong to the same industry segment: EM Blended Cap. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Consumer Discretionary. GMF is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.06% for VWO. GMF is up 2.25% year-to-date (YTD) with -$21M in YTD flows. VWO performs better with 6.38% YTD performance, and +$4.03B in YTD flows. Run a side-by-side ETF comparison of GMF 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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GMF vs VWO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/13/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GMF VWO | +2.34%+5.45% | -1.26%+2.22% | +2.25%+6.38% | +31.74%+35.38% | +51.82%+54.07% | +22.63%+29.23% |
| Flows | GMF VWO | -$14M+$43M | -$14M+$3.95B | -$21M+$4.03B | -$59M+$11.94B | -$116M+$13.52B | -$357M+$26.04B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GMF VWO | +19.98%+19.76% | +14.64%+13.88% | +14.47%+13.84% | +15.84%+15.07% |
| Max drawdown | GMF VWO | -11.55%-11.04% | -11.55%-11.04% | -18.08%-15.75% | -35.92%-32.49% |
| Max drawdown duration | GMF VWO | 47d47d | 47d47d | 261d240d | 1218d1464d |
Trading data
GMF | VWO | |
Last sale 4/13/2026 at 1:30 PM | $143.98 | $57.18 |
| Previous close 04/13/2026 | $143.16 | $56.75 |
| Consolidated volume 04/13/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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GMF | 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 4/13/2026 at 1:30 PM
Live
Closed
GMF | VWO | |
|---|---|---|
| Last price | $143.98 | $57.18 |
| 1D performance | +0.57% | +0.76% |
| AuM | $371.17 M | $116.10 B |
| E/R | 0.49% | 0.06% |
Characteristics
GMF | VWO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | SPDR | Vanguard |
| Benchmark | S&P Emerging Asia Pacific BMI Index | FTSE Emerging Markets All Cap China A Inclusion Index |
| N° of holdings | 1169 | 4407 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 20, 2007 | March 4, 2005 |
| ESG | No | No |
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Exposure
Countries
GMF
China
20.6%
Taiwan
19%
USA
18.77%
India
17.5%
Cayman Islands
15.26%
Other
8.88%
VWO
Taiwan
24.08%
India
16.45%
China
13.41%
Cayman Islands
12.53%
Other
33.53%
Sectors
GMF
Information Techn.
18.01%
Financials
15.41%
Consumer Discreti.
12.66%
Communication Ser.
7.51%
Other
46.42%
VWO
Information Techn.
23.9%
Financials
18.14%
Consumer Discreti.
9.87%
Materials
7.71%
Other
40.4%
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Diversification
GMF
Total weight of top 15 holdings out of 15
33.74%
VWO
Total weight of top 15 holdings out of 15
27.12%
Top 15 holdings
Data as of February 28, 2026
GMF
US8740391003
12.85%
TENCENT HOLDINGS
4.18%
ALIBABA GROUP HOLDING LTD
3.59%
TWN SEMICONT MAN
2.24%
MEDIATEK INC
1.25%
HDFC BANK
1.22%
HON HAI PRECISION INDUSTRY
1.21%
US7594701077
1.14%
CHINA CONSTRUCTION BANK
1.12%
US45104G1040
1.00%
DELTA ELECTRONIC
0.93%
PINDUODUO INC ADR
0.77%
XIAOMI CORP
0.76%
INDUSTRIAL COMMERC BK CHINA
0.74%
ASE INDUSTRIAL HLDG CO
0.73%
VWO
TWN SEMICONT MAN
12.61%
TENCENT HOLDINGS
3.42%
ALIBABA GROUP HOLDING LTD
2.71%
HDFC BANK
0.93%
RELIANCE INDUSTRIES
0.88%
HON HAI PRECISION INDUSTRY
0.78%
MEDIATEK INC
0.76%
CHINA CONSTRUCTION BANK
0.75%
DELTA ELECTRONIC
0.73%
ICICI BANK
0.67%
PINDUODUO INC ADR
0.66%
XIAOMI CORP
0.64%
INDUSTRIAL COMMERC BK CHINA
0.54%
GB00BRXH2664
0.54%
VALE SA
0.52%
Frequently asked questions about GMF and VWO
How have the GMF and VWO ETFs performed in 2026?
As of April 13, 2026, GMF is up 2.25% year-to-date (YTD), while VWO has returned 6.38%. That puts VWO better performer ahead so far this year.
Which ETF is attracting more investor money: GMF or VWO?
Year-to-date, the GMF ETF saw -$21M in flows, compared to +$4.03B for VWO.
Which ETF is more volatile: GMF or VWO?
Over the past year, GMF had a volatility of 14.64%, while VWO experienced 13.88%.
Which ETF is bigger: GMF or VWO?
As of April 13, 2026, GMF holds $371.17 M in assets under management (AUM), while VWO manages $116.10 B.
What sectors do the GMF and VWO ETFs invest in?
GMF leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, VWO focuses on Information Technology, Financials and Consumer Discretionary.
What are the top holdings of the GMF ETF and VWO ETF?
GMF top holdings include US8740391003, TENCENT HOLDINGS and ALIBABA GROUP HOLDING LTD. VWO holds in its top three: TWN SEMICONT MAN, TENCENT HOLDINGS and ALIBABA GROUP HOLDING LTD.
Which ETF is more diversified: GMF or VWO?
GMF holds 1254 securities with 33.74% of its assets in the top 15. VWO has 4926 securities and a top 15 weight of 27.12%.
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Latest news about GMF & VWO
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