VWOvsEMGFETF Comparison
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Vanguard FTSE Emerging Markets ETF (VWO) belongs to the EM Blended Cap segment. iShares Emerging Markets Equity Factor ETF (EMGF) is part of the EM Large & Mid Cap segment. VWO's top 3 sector exposures are Technology, Finance and Non-Energy Materials. In contrast, EMGF's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. VWO is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.26% for EMGF. VWO is up 13.56% year-to-date (YTD) with +$8.27B in YTD flows. EMGF performs better with 28.23% YTD performance, and +$270M in YTD flows. Run a side-by-side ETF comparison of VWO and EMGF 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 EMGF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWO EMGF | +0.96%+5.18% | +4.19%+4.94% | +13.56%+28.23% | +18.74%+38.93% | +64.01%+98.09% | +35.56%+64.37% |
| Flows | VWO EMGF | +$1.11B+$7M | +$4.00B+$50M | +$8.27B+$270M | +$13.18B+$474M | +$17.12B+$713M | +$27.29B+$762M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWO EMGF | +16.15%+27.89% | +16.01%+22.52% | +14.39%+17.33% | +15.24%+16.72% |
| Max drawdown | VWO EMGF | -6.82%-14.42% | -11.04%-14.42% | -15.75%-16.15% | -29.92%-27.25% |
| Max drawdown duration | VWO EMGF | 73d78d | 50d78d | 240d220d | 1071d1024d |
Trading data
VWO | EMGF | |
Last sale 9/10/2026 at 1:30 PM | $59.94 | $71.78 |
| Previous close 09/09/2026 | $60.87 | $73.37 |
| Consolidated volume 09/09/2026 | ||
| 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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VWO | EMGF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
VWO | EMGF | |
|---|---|---|
| Last price | $59.94 | $71.78 |
| 1D performance | -1.53% | -2.17% |
| AuM | $128.14 B | $1.97 B |
| E/R | 0.06% | 0.26% |
Characteristics
VWO | EMGF | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | iShares |
| Benchmark | FTSE Emerging Markets All Cap China A Inclusion Index | STOXX Emerging Markets Equity Factor Index |
| N° of holdings | 4582 | 653 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 4, 2005 | December 8, 2015 |
| ESG | No | No |
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Exposure
Countries
VWO
Taiwan
29.31%
China
23.91%
India
16.21%
Other
30.57%
EMGF
Taiwan
23.62%
China
22.47%
Republic of Korea
17.51%
India
13.41%
Other
22.98%
Sectors
VWO
Technology
32.21%
Finance
21.81%
Non-Energy Materi.
8.23%
Consumer Non-Cycl.
7.29%
Other
30.46%
EMGF
Technology
38%
Finance
22.34%
Consumer Non-Cycl.
7.79%
Industrials
7.53%
Other
24.34%
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Diversification
VWO
Total weight of top 15 holdings out of 15
29.07%
EMGF
Total weight of top 15 holdings out of 15
32.77%
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%
EMGF
Taiwan Semiconductor Manufacturing Co., Ltd.
10.20%
Samsung Electronics Co., Ltd.
5.68%
SK hynix, Inc.
3.74%
Tencent Holdings Ltd.
3.12%
Alibaba Group Holding Ltd.
2.11%
MediaTek, Inc.
1.34%
China Construction Bank Corp.
1.11%
Delta Electronics, Inc.
0.90%
Industrial & Commercial Bank of China Ltd.
0.84%
Hon Hai Precision Industry Co., Ltd.
0.66%
ICICI Bank Ltd.
0.66%
Bank of China Ltd.
0.64%
PDD Holdings, Inc.
0.64%
Vale SA
0.59%
Yuanta Financial Holding Co. Ltd.
0.55%
Frequently asked questions about VWO and EMGF
How have the VWO and EMGF ETFs performed in 2026?
As of September 9, 2026, VWO is up 13.56% year-to-date (YTD), while EMGF has returned 28.23%. That puts EMGF better performer ahead so far this year.
Which ETF is attracting more investor money: VWO or EMGF?
Year-to-date, the VWO ETF saw +$8.27B in flows, compared to +$270M for EMGF.
Which ETF is more volatile: VWO or EMGF?
Over the past year, VWO had a volatility of 16.01%, while EMGF experienced 22.52%.
Which ETF is bigger: VWO or EMGF?
As of September 9, 2026, VWO holds $128.14 B in assets under management (AUM), while EMGF manages $1.97 B.
What sectors do the VWO and EMGF ETFs invest in?
VWO leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, EMGF focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the VWO ETF and EMGF ETF?
VWO top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd.. EMGF 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 EMGF?
VWO holds 4942 securities with 29.07% of its assets in the top 15. EMGF has 671 securities and a top 15 weight of 32.77%.
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Latest news about VWO & EMGF
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