VWOvsAVEMETF Comparison

ETF 1

VWO

Vanguard FTSE Emerging Markets ETF

This fund is part of

EM Blended Cap

+0.15%

Full VWO fund page

ETF 2

AVEM

Avantis Emerging Markets Equity ETF

This fund is part of

EM Blended Cap

+0.15%

Full AVEM fund page

Vanguard FTSE Emerging Markets ETF (VWO) and Avantis Emerging Markets Equity ETF (AVEM) belong to the same industry segment: EM Blended Cap. Both ETFs have the same top 3 sector exposures: Technology, Finance and Non-Energy Materials. VWO is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.33% for AVEM. VWO is up 6.16% year-to-date (YTD) with +$8.69B in YTD flows. AVEM performs better with 14.87% YTD performance, and +$8.80B in YTD flows. Run a side-by-side ETF comparison of VWO and AVEM 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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VWO vs AVEM performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VWO AVEM	-6.01%-8.27%	-2.24%-3.54%	+6.16%+14.87%	+6.06%+17.34%	+62.92%+86.64%	+26.98%+53.05%
Flows	VWO AVEM	+$167M+$531M	+$2.45B+$2.20B	+$8.69B+$8.80B	+$12.00B+$10.63B	+$17.73B+$17.59B	+$27.00B+$20.80B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VWO AVEM	+13.78%+19.66%	+16.12%+21.88%	+14.53%+17.54%	+15.27%+17.43%
Max drawdown	VWO AVEM	-7.17%-9.85%	-11.04%-14.15%	-15.75%-17.41%	-29.62%-30.23%
Max drawdown duration	VWO AVEM	31d18d	50d123d	240d232d	1044d853d

Trading data

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	VWO	AVEM
Last sale 10/23/2026 at 1:30 PM	$56.84	$87.50
Previous close 10/22/2026	$56.85	$87.24
Consolidated volume 10/22/2026
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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AVEM

is actively managed and doesn’t replicate an index

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	VWO	AVEM
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/23/2026 at 1:30 PM

Live

Closed

	VWO	AVEM
Last price	$56.84	$87.50
1D performance	-0.02%	+0.30%
AuM	$119.96 B	$26.87 B
E/R	0.06%	0.33%

Characteristics

	VWO	AVEM
Management strategy	Passive	Active
Provider	Vanguard	American Century Investments
Benchmark	FTSE Emerging Markets All Cap China A Inclusion Index	-
N° of holdings	4589	3918
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	March 4, 2005	September 17, 2019
ESG	No	No

More VWO data on Trackinsight

More AVEM data on Trackinsight

Exposure

Countries

VWO

Taiwan

31.08%

China

22.97%

India

15.69%

Other

30.25%

AVEM

Taiwan

27.59%

Republic of Korea

19.85%

China

15.45%

India

12.3%

Other

24.81%

Sectors

VWO

Technology

33.04%

Finance

21.34%

Non-Energy Materi.

9.05%

Other

36.57%

AVEM

Technology

38.9%

Finance

22.07%

Non-Energy Materi.

8.57%

Industrials

7.44%

Other

23.03%

Diversification

VWO

Total weight of top 15 holdings out of 15

28.36%

AVEM

Total weight of top 15 holdings out of 15

31.02%

Top 15 holdings

Data as of August 31, 2026

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%

AVEM

Taiwan Semiconductor Manufacturing Co., Ltd.

6.18%

Taiwan Semiconductor Manufacturing Co., Ltd.

5.72%

SK hynix, Inc.

5.57%

Samsung Electronics Co., Ltd.

5.14%

Tencent Holdings Ltd.

1.64%

MediaTek, Inc.

0.93%

China Construction Bank Corp.

0.92%

Alibaba Group Holding Ltd.

0.74%

Hon Hai Precision Industry Co., Ltd.

0.66%

LG Electronics, Inc.

0.65%

United Microelectronics Corp.

0.65%

Chroma Ate, Inc.

0.58%

Anglogold Ashanti Plc

0.57%

Bank of China Ltd.

0.55%

Delta Electronics, Inc.

0.54%

Frequently asked questions about VWO and AVEM

How have the VWO and AVEM ETFs performed in 2026?

As of October 23, 2026, VWO is up 6.16% year-to-date (YTD), while AVEM has returned 14.87%. That puts AVEM better performer ahead so far this year.

Which ETF is attracting more investor money: VWO or AVEM?

Year-to-date, the VWO ETF saw +$8.69B in flows, compared to +$8.80B for AVEM.

Which ETF is more volatile: VWO or AVEM?

Over the past year, VWO had a volatility of 16.12%, while AVEM experienced 21.88%.

Which ETF is bigger: VWO or AVEM?

As of October 23, 2026, VWO holds $119.96 B in assets under management (AUM), while AVEM manages $26.87 B.

What sectors do the VWO and AVEM ETFs invest in?

VWO leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, AVEM focuses on Technology, Finance and Non-Energy Materials.

What are the top holdings of the VWO ETF and AVEM ETF?

VWO top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd.. AVEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Taiwan Semiconductor Manufacturing Co., Ltd. and SK hynix, Inc..

VWOvsAVEMETF Comparison

Vanguard FTSE Emerging Markets ETF

Avantis Emerging Markets Equity ETF

VWO vs AVEM performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the VWO and AVEM ETFs performed in 2026?

As of October 23, 2026, VWO is up 6.16% year-to-date (YTD), while AVEM has returned 14.87%. That puts AVEM better performer ahead so far this year.

Which ETF is attracting more investor money: VWO or AVEM?

Year-to-date, the VWO ETF saw +$8.69B in flows, compared to +$8.80B for AVEM.

Which ETF is more volatile: VWO or AVEM?

Over the past year, VWO had a volatility of 16.12%, while AVEM experienced 21.88%.

Which ETF is bigger: VWO or AVEM?

As of October 23, 2026, VWO holds $119.96 B in assets under management (AUM), while AVEM manages $26.87 B.

What sectors do the VWO and AVEM ETFs invest in?

VWO leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, AVEM focuses on Technology, Finance and Non-Energy Materials.

What are the top holdings of the VWO ETF and AVEM ETF?

VWO top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd.. AVEM holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Taiwan Semiconductor Manufacturing Co., Ltd. and SK hynix, Inc..

Which ETF is more diversified: VWO or AVEM?

VWO holds 4953 securities with 28.36% of its assets in the top 15. AVEM has 3978 securities and a top 15 weight of 31.02%.

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