SPEMvsVWOETF Comparison
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State Street SPDR Portfolio Emerging Markets ETF (SPEM) 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: Technology, Finance and Non-Energy Materials. SPEM is more expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.06% for VWO. SPEM is up 11.17% year-to-date (YTD) with +$452M in YTD flows. VWO performs better with 11.67% YTD performance, and +$7.16B in YTD flows. Run a side-by-side ETF comparison of SPEM 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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SPEM vs VWO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPEM VWO | -0.71%-0.07% | +1.42%+2.10% | +11.17%+11.67% | +22.56%+22.82% | +58.06%+56.88% | +37.44%+35.32% |
| Flows | SPEM VWO | +$51M+$2.02B | -$223M+$3.12B | +$452M+$7.16B | +$2.23B+$12.22B | +$5.21B+$16.03B | +$7.91B+$26.75B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPEM VWO | +17.59%+19.68% | +15.47%+16.04% | +14.01%+14.46% | +14.68%+15.37% |
| Max drawdown | SPEM VWO | -6.32%-7.00% | -10.55%-11.04% | -15.79%-15.75% | -30.34%-30.61% |
| Max drawdown duration | SPEM VWO | 43d63d | 58d50d | 242d240d | 1114d1115d |
Trading data
SPEM | VWO | |
Last sale 8/4/2026 at 1:30 PM | $52.02 | $60.05 |
| Previous close 08/04/2026 | $51.13 | $59.06 |
| Consolidated volume 08/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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SPEM | 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 8/4/2026 at 1:30 PM
Live
Closed
SPEM | VWO | |
|---|---|---|
| Last price | $52.02 | $60.05 |
| 1D performance | +1.74% | +1.68% |
| AuM | $17.42 B | $124.90 B |
| E/R | 0.07% | 0.06% |
Characteristics
SPEM | VWO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | State Street Investment Management | Vanguard |
| Benchmark | S&P Emerging BMI Index | FTSE Emerging Markets All Cap China A Inclusion Index |
| N° of holdings | 2674 | 4562 |
| 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
SPEM
Taiwan
32.61%
China
23.57%
India
15.54%
Other
28.28%
VWO
Taiwan
32.64%
China
22.16%
India
15.73%
Other
29.48%
Sectors
SPEM
Technology
35.53%
Finance
21.49%
Non-Energy Materi.
9.31%
Consumer Non-Cycl.
7.14%
Other
26.54%
VWO
Technology
35.22%
Finance
20.65%
Non-Energy Materi.
8.55%
Other
35.58%
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Diversification
SPEM
Total weight of top 15 holdings out of 15
29.27%
VWO
Total weight of top 15 holdings out of 15
29.1%
Top 15 holdings
Data as of June 30, 2026
SPEM
Taiwan Semiconductor Manufacturing Co., Ltd.
14.64%
Tencent Holdings Ltd.
2.74%
MediaTek, Inc.
1.82%
Alibaba Group Holding Ltd.
1.79%
Delta Electronics, Inc.
1.13%
Hon Hai Precision Industry Co., Ltd.
0.93%
HDFC Bank Ltd.
0.83%
ASE Technology Holding Co., Ltd.
0.82%
China Construction Bank Corp.
0.81%
Reliance Industries Ltd.
0.80%
ICICI Bank Ltd.
0.71%
United Microelectronics Corp.
0.67%
CTBC Financial Holding Co., Ltd.
0.56%
Bharti Airtel Ltd.
0.53%
Industrial & Commercial Bank of China Ltd.
0.50%
VWO
Taiwan Semiconductor Manufacturing Co., Ltd.
15.61%
Tencent Holdings Ltd.
2.81%
Alibaba Group Holding Ltd.
1.79%
MediaTek, Inc.
1.63%
Delta Electronics, Inc.
0.99%
Hon Hai Precision Industry Co., Ltd.
0.79%
HDFC Bank Ltd.
0.78%
Reliance Industries Ltd.
0.75%
China Construction Bank Corp.
0.74%
ICICI Bank Ltd.
0.63%
ASE Technology Holding Co., Ltd.
0.60%
Industrial & Commercial Bank of China Ltd.
0.54%
Bharti Airtel Ltd.
0.49%
PDD Holdings, Inc.
0.48%
Yageo Corp.
0.47%
Frequently asked questions about SPEM and VWO
How have the SPEM and VWO ETFs performed in 2026?
As of August 4, 2026, SPEM is up 11.17% year-to-date (YTD), while VWO has returned 11.67%. That puts VWO better performer ahead so far this year.
Which ETF is attracting more investor money: SPEM or VWO?
Year-to-date, the SPEM ETF saw +$452M in flows, compared to +$7.16B for VWO.
Which ETF is more volatile: SPEM or VWO?
Over the past year, SPEM had a volatility of 15.47%, while VWO experienced 16.04%.
Which ETF is bigger: SPEM or VWO?
As of August 4, 2026, SPEM holds $17.42 B in assets under management (AUM), while VWO manages $124.90 B.
What sectors do the SPEM and VWO ETFs invest in?
SPEM 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 SPEM ETF and VWO ETF?
SPEM top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and MediaTek, 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: SPEM or VWO?
SPEM holds 2728 securities with 29.27% of its assets in the top 15. VWO has 4936 securities and a top 15 weight of 29.1%.
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