VWOvsAVEMETF Comparison
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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 14.25% year-to-date (YTD) with +$8.27B in YTD flows. AVEM performs better with 26.68% YTD performance, and +$7.93B 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
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWO AVEM | +1.58%+5.53% | +5.06%+5.05% | +14.25%+26.68% | +20.33%+36.69% | +66.40%+96.29% | +36.41%+67.38% |
| Flows | VWO AVEM | +$1.11B+$940M | +$4.00B+$2.74B | +$8.27B+$7.93B | +$13.18B+$10.80B | +$17.12B+$16.95B | +$27.29B+$19.98B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWO AVEM | +16.10%+26.47% | +16.01%+21.39% | +14.39%+17.27% | +15.24%+17.29% |
| Max drawdown | VWO AVEM | -6.82%-14.15% | -11.04%-14.15% | -15.75%-17.41% | -29.92%-31.04% |
| Max drawdown duration | VWO AVEM | 73d78d | 50d78d | 240d232d | 1071d975d |
Trading data
VWO | AVEM | |
Last sale 9/9/2026 at 1:30 PM | $60.86 | $96.04 |
| Previous close 09/08/2026 | $61.23 | $96.20 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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AVEM
is actively managed and doesn’t replicate an indexVWO | AVEM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
VWO | AVEM | |
|---|---|---|
| Last price | $60.86 | $96.04 |
| 1D performance | -0.60% | -0.17% |
| AuM | $128.92 B | $28.72 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 | 4582 | 3887 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 4, 2005 | September 17, 2019 |
| ESG | No | No |
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Exposure
Countries
VWO
Taiwan
29.31%
China
23.91%
India
16.21%
Other
30.57%
AVEM
Taiwan
26.14%
Republic of Korea
18.46%
China
16.75%
India
12.91%
Other
25.74%
Sectors
VWO
Technology
32.21%
Finance
21.81%
Non-Energy Materi.
8.23%
Consumer Non-Cycl.
7.29%
Other
30.46%
AVEM
Technology
37.13%
Finance
23.27%
Non-Energy Materi.
8.16%
Industrials
7.44%
Other
23.99%
Diversification
VWO
Total weight of top 15 holdings out of 15
29.07%
AVEM
Total weight of top 15 holdings out of 15
30.67%
Top 15 holdings
Data as of July 31, 2026
VWO
Taiwan Semiconductor Manufacturing Co., Ltd.
14.90%
Tencent Holdings Ltd.
3.18%
Alibaba Group Holding Ltd.
2.32%
MediaTek, Inc.
1.30%
China Construction Bank Corp.
0.86%
Delta Electronics, Inc.
0.79%
Hon Hai Precision Industry Co., Ltd.
0.77%
Reliance Industries Ltd.
0.76%
HDFC Bank Ltd.
0.74%
ICICI Bank Ltd.
0.66%
Industrial & Commercial Bank of China Ltd.
0.64%
PDD Holdings, Inc.
0.57%
Meituan
0.54%
Xiaomi Corp.
0.53%
Bharti Airtel Ltd.
0.52%
AVEM
Taiwan Semiconductor Manufacturing Co., Ltd.
6.44%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.36%
SK hynix, Inc.
5.33%
Samsung Electronics Co., Ltd.
4.87%
Tencent Holdings Ltd.
1.83%
China Construction Bank Corp.
0.98%
MediaTek, Inc.
0.88%
Alibaba Group Holding Ltd.
0.82%
Hon Hai Precision Industry Co., Ltd.
0.66%
Chroma Ate, Inc.
0.65%
NetEase, Inc.
0.58%
Bank of China Ltd.
0.57%
PDD Holdings, Inc.
0.57%
United Microelectronics Corp.
0.56%
Industrial & Commercial Bank of China Ltd.
0.56%
Frequently asked questions about VWO and AVEM
How have the VWO and AVEM ETFs performed in 2026?
As of September 8, 2026, VWO is up 14.25% year-to-date (YTD), while AVEM has returned 26.68%. 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 +$8.27B in flows, compared to +$7.93B for AVEM.
Which ETF is more volatile: VWO or AVEM?
Over the past year, VWO had a volatility of 16.01%, while AVEM experienced 21.39%.
Which ETF is bigger: VWO or AVEM?
As of September 8, 2026, VWO holds $128.92 B in assets under management (AUM), while AVEM manages $28.72 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 4942 securities with 29.07% of its assets in the top 15. AVEM has 3940 securities and a top 15 weight of 30.67%.
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