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 5.07% year-to-date (YTD) with +$144M in YTD flows. VWO performs worse with 3.78% YTD performance, and +$8.92B 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 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SPEM VWO | -6.37%-6.52% | -2.05%-3.75% | +5.07%+3.78% | +4.28%+3.06% | +61.63%+58.02% | +30.40%+26.34% |
| Flows | SPEM VWO | -$261M+$389M | -$309M+$2.18B | +$144M+$8.92B | +$1.12B+$12.15B | +$4.78B+$17.96B | +$7.82B+$27.23B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SPEM VWO | +13.21%+13.57% | +15.68%+16.26% | +14.09%+14.59% | +14.65%+15.29% |
| Max drawdown | SPEM VWO | -8.91%-9.21% | -10.55%-11.04% | -15.79%-15.75% | -29.48%-29.62% |
| Max drawdown duration | SPEM VWO | 52d38d | 58d50d | 242d240d | 1043d1044d |
Trading data
SPEM | VWO | |
Last sale 10/30/2026 at 1:30 PM | $48.47 | $55.51 |
| Previous close 10/29/2026 | $49.42 | $56.60 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 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 10/30/2026 at 1:30 PM
Live
Closed
SPEM | VWO | |
|---|---|---|
| Last price | $48.47 | $55.51 |
| 1D performance | -1.92% | -1.93% |
| AuM | $16.18 B | $117.50 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 | 2434 | 4620 |
| 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
33.49%
China
23.59%
India
14.95%
Other
27.97%
VWO
Taiwan
33.58%
China
22.62%
India
15.25%
Other
28.55%
Sectors
SPEM
Technology
35.09%
Finance
22.04%
Non-Energy Materi.
9.08%
Consumer Non-Cycl.
7.26%
Other
26.53%
VWO
Technology
35.15%
Finance
20.94%
Non-Energy Materi.
8.58%
Other
35.33%
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Diversification
SPEM
Total weight of top 15 holdings out of 15
29.2%
VWO
Total weight of top 15 holdings out of 15
29.83%
Top 15 holdings
Data as of September 30, 2026
SPEM
Taiwan Semiconductor Manufacturing Co., Ltd.
14.63%
Tencent Holdings Ltd.
2.71%
Alibaba Group Holding Ltd.
2.06%
MediaTek, Inc.
1.98%
Delta Electronics, Inc.
0.99%
China Construction Bank Corp.
0.97%
Hon Hai Precision Industry Co., Ltd.
0.88%
ASE Technology Holding Co., Ltd.
0.73%
HDFC Bank Ltd.
0.72%
Reliance Industries Ltd.
0.70%
ICICI Bank Ltd.
0.67%
Industrial & Commercial Bank of China Ltd.
0.59%
United Microelectronics Corp.
0.53%
CTBC Financial Holding Co., Ltd.
0.53%
Bank of China Ltd.
0.50%
VWO
Taiwan Semiconductor Manufacturing Co., Ltd.
15.72%
Tencent Holdings Ltd.
2.81%
Alibaba Group Holding Ltd.
2.11%
MediaTek, Inc.
1.87%
Delta Electronics, Inc.
0.94%
China Construction Bank Corp.
0.91%
Hon Hai Precision Industry Co., Ltd.
0.79%
HDFC Bank Ltd.
0.70%
Reliance Industries Ltd.
0.69%
Industrial & Commercial Bank of China Ltd.
0.65%
ASE Technology Holding Co., Ltd.
0.61%
ICICI Bank Ltd.
0.60%
PDD Holdings, Inc.
0.50%
Bharti Airtel Ltd.
0.47%
Xiaomi Corp.
0.46%
Frequently asked questions about SPEM and VWO
How have the SPEM and VWO ETFs performed in 2026?
As of October 30, 2026, SPEM is up 5.07% year-to-date (YTD), while VWO has returned 3.78%. That puts SPEM better performer ahead so far this year.
Which ETF is attracting more investor money: SPEM or VWO?
Year-to-date, the SPEM ETF saw +$144M in flows, compared to +$8.92B for VWO.
Which ETF is more volatile: SPEM or VWO?
Over the past year, SPEM had a volatility of 15.68%, while VWO experienced 16.26%.
Which ETF is bigger: SPEM or VWO?
As of October 30, 2026, SPEM holds $16.18 B in assets under management (AUM), while VWO manages $117.50 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 Alibaba Group Holding Ltd.. 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 2492 securities with 29.2% of its assets in the top 15. VWO has 4975 securities and a top 15 weight of 29.83%.
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