VWOvsDFAEETF Comparison
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Vanguard FTSE Emerging Markets ETF (VWO) and Dimensional Emerging Core Equity Market ETF (DFAE) 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 0.29% for DFAE. VWO is up 14.25% year-to-date (YTD) with +$8.27B in YTD flows. DFAE performs better with 23.73% YTD performance, and +$1.04B in YTD flows. Run a side-by-side ETF comparison of VWO and DFAE 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 DFAE 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 DFAE | +1.58%+4.25% | +5.06%+4.97% | +14.25%+23.73% | +20.33%+34.66% | +66.40%+84.35% | +36.41%+56.18% |
| Flows | VWO DFAE | +$1.11B+$160M | +$4.00B+$590M | +$8.27B+$1.04B | +$13.18B+$1.43B | +$17.12B+$3.71B | +$27.29B+$6.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWO DFAE | +16.10%+24.75% | +16.01%+20.95% | +14.39%+16.70% | +15.24%+16.39% |
| Max drawdown | VWO DFAE | -6.82%-12.75% | -11.04%-12.75% | -15.75%-16.33% | -29.92%-29.64% |
| Max drawdown duration | VWO DFAE | 73d77d | 50d77d | 240d245d | 1071d1112d |
Trading data
VWO | DFAE | |
Last sale 9/9/2026 at 1:30 PM | $60.87 | $40.52 |
| Previous close 09/08/2026 | $61.23 | $40.58 |
| 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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DFAE
is actively managed and doesn’t replicate an indexVWO | DFAE | |
|---|---|---|
| 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 | DFAE | |
|---|---|---|
| Last price | $60.87 | $40.52 |
| 1D performance | -0.59% | -0.15% |
| AuM | $128.92 B | $10.16 B |
| E/R | 0.06% | 0.29% |
Characteristics
VWO | DFAE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Vanguard | Dimensional |
| Benchmark | FTSE Emerging Markets All Cap China A Inclusion Index | - |
| N° of holdings | 4582 | 6143 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 4, 2005 | February 12, 2020 |
| ESG | No | No |
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Exposure
Countries
VWO
Taiwan
29.31%
China
23.91%
India
16.21%
Other
30.57%
DFAE
Taiwan
27.29%
China
18.52%
Republic of Korea
18.1%
India
13.27%
Other
22.81%
Sectors
VWO
Technology
32.21%
Finance
21.81%
Non-Energy Materi.
8.23%
Consumer Non-Cycl.
7.29%
Other
30.46%
DFAE
Technology
40.87%
Finance
19.62%
Non-Energy Materi.
8.21%
Industrials
7.86%
Other
23.44%
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Diversification
VWO
Total weight of top 15 holdings out of 15
29.07%
DFAE
Total weight of top 15 holdings out of 15
32.71%
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%
DFAE
Taiwan Semiconductor Manufacturing Co., Ltd.
13.21%
Samsung Electronics Co., Ltd.
5.18%
SK hynix, Inc.
4.54%
Tencent Holdings Ltd.
2.57%
Alibaba Group Holding Ltd.
1.20%
MediaTek, Inc.
0.97%
Hon Hai Precision Industry Co., Ltd.
0.79%
China Construction Bank Corp.
0.77%
Samsung Electronics Co., Ltd.
0.67%
Delta Electronics, Inc.
0.62%
Industrial & Commercial Bank of China Ltd.
0.46%
ICICI Bank Ltd.
0.45%
Bharti Airtel Ltd.
0.44%
Ping An Insurance (Group) Co. of China Ltd.
0.43%
Xiaomi Corp.
0.41%
Frequently asked questions about VWO and DFAE
How have the VWO and DFAE ETFs performed in 2026?
As of September 8, 2026, VWO is up 14.25% year-to-date (YTD), while DFAE has returned 23.73%. That puts DFAE better performer ahead so far this year.
Which ETF is attracting more investor money: VWO or DFAE?
Year-to-date, the VWO ETF saw +$8.27B in flows, compared to +$1.04B for DFAE.
Which ETF is more volatile: VWO or DFAE?
Over the past year, VWO had a volatility of 16.01%, while DFAE experienced 20.95%.
Which ETF is bigger: VWO or DFAE?
As of September 8, 2026, VWO holds $128.92 B in assets under management (AUM), while DFAE manages $10.16 B.
What sectors do the VWO and DFAE ETFs invest in?
VWO leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, DFAE focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the VWO ETF and DFAE ETF?
VWO top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd.. DFAE holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Samsung Electronics Co., Ltd. and SK hynix, Inc..
Which ETF is more diversified: VWO or DFAE?
VWO holds 4942 securities with 29.07% of its assets in the top 15. DFAE has 6260 securities and a top 15 weight of 32.71%.
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Latest news about VWO & DFAE
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