VWOvsIEMGETF Comparison
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Vanguard FTSE Emerging Markets ETF (VWO) and iShares Core MSCI Emerging Markets ETF (IEMG) belong to the same industry segment: EM Blended Cap. Both ETFs have the same top 3 sector exposures: Information Technology, Financials and Consumer Discretionary. VWO is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.09% for IEMG. VWO is up 8.87% year-to-date (YTD) with +$4.18B in YTD flows. IEMG performs better with 18.15% YTD performance, and +$11.15B in YTD flows. Run a side-by-side ETF comparison of VWO and IEMG 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 IEMG performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/20/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWO IEMG | -0.31%+3.03% | +0.29%+4.36% | +8.87%+18.15% | +25.97%+42.84% | +60.25%+78.28% | +30.50%+41.16% |
| Flows | VWO IEMG | +$144M- | +$1.19B+$567M | +$4.18B+$11.15B | +$12.03B+$26.73B | +$13.53B+$32.53B | +$26.02B+$43.57B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWO IEMG | +20.31%+26.32% | +14.17%+16.88% | +13.99%+15.32% | +15.13%+16.22% |
| Max drawdown | VWO IEMG | -11.04%-12.92% | -11.04%-12.92% | -15.75%-16.06% | -32.49%-35.56% |
| Max drawdown duration | VWO IEMG | 50d50d | 50d50d | 240d223d | 1464d1484d |
Trading data
VWO | IEMG | |
Last sale 5/21/2026 at 3:42 PM | $58.26 | $79.80 |
| Previous close 05/20/2026 | $58.67 | $79.94 |
| Consolidated volume 05/20/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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VWO | IEMG | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/21/2026 at 3:42 PM
Live
Closed
VWO | IEMG | |
|---|---|---|
| Last price | $58.26 | $79.80 |
| 1D performance | -0.71% | -0.18% |
| AuM | $118.97 B | $154.17 B |
| E/R | 0.06% | 0.09% |
Characteristics
VWO | IEMG | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | iShares |
| Benchmark | FTSE Emerging Markets All Cap China A Inclusion Index | MSCI Emerging Markets IMI Index |
| N° of holdings | 4420 | 2346 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 4, 2005 | October 18, 2012 |
| ESG | No | No |
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Exposure
Countries
VWO
Taiwan
24.49%
India
15.54%
China
14.06%
Cayman Islands
12.86%
Other
33.06%
IEMG
Taiwan
22.09%
Republic of Korea
15.37%
India
13.43%
Cayman Islands
12.17%
China
9.7%
Other
27.25%
Sectors
VWO
Information Techn.
24.24%
Financials
18.14%
Consumer Discreti.
9.72%
Materials
7.37%
Other
40.52%
IEMG
Information Techn.
30.01%
Financials
18.76%
Consumer Discreti.
9.46%
Industrials
7.15%
Materials
7%
Other
27.61%
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Diversification
VWO
Total weight of top 15 holdings out of 15
27.21%
IEMG
Total weight of top 15 holdings out of 15
30.44%
Top 15 holdings
Data as of March 31, 2026
VWO
TWN SEMICONT MAN
12.78%
TENCENT HOLDINGS
3.55%
ALIBABA GROUP HOLDING LTD
2.55%
RELIANCE INDUSTRIES
0.89%
CHINA CONSTRUCTION BANK
0.86%
HDFC BANK
0.81%
DELTA ELECTRONIC
0.79%
PINDUODUO INC ADR
0.71%
HON HAI PRECISION INDUSTRY
0.68%
XIAOMI CORP
0.65%
MEDIATEK INC
0.64%
INDUSTRIAL COMMERC BK CHINA
0.64%
ICICI BANK
0.62%
MEITUAN
0.53%
VALE SA
0.52%
IEMG
TWN SEMICONT MAN
11.49%
SAMSUNG ELECTR
4.39%
TENCENT HOLDINGS
3.34%
SK HYNIX
2.44%
ALIBABA GROUP HOLDING LTD
2.21%
CHINA CONSTRUCTION BANK
0.87%
HDFC BANK
0.74%
RELIANCE INDUSTRIES
0.73%
DELTA ELECTRONIC
0.71%
HON HAI PRECISION INDUSTRY
0.62%
PINDUODUO INC ADR
0.62%
MEDIATEK INC
0.60%
XIAOMI CORP
0.59%
ICICI BANK
0.57%
SAMSUNG ELEC-1P PRF
0.51%
Frequently asked questions about VWO and IEMG
How have the VWO and IEMG ETFs performed in 2026?
As of May 20, 2026, VWO is up 8.87% year-to-date (YTD), while IEMG has returned 18.15%. That puts IEMG better performer ahead so far this year.
Which ETF is attracting more investor money: VWO or IEMG?
Year-to-date, the VWO ETF saw +$4.18B in flows, compared to +$11.15B for IEMG.
Which ETF is more volatile: VWO or IEMG?
Over the past year, VWO had a volatility of 14.17%, while IEMG experienced 16.88%.
Which ETF is bigger: VWO or IEMG?
As of May 20, 2026, VWO holds $118.97 B in assets under management (AUM), while IEMG manages $154.17 B.
What sectors do the VWO and IEMG ETFs invest in?
VWO leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, IEMG focuses on Information Technology, Financials and Consumer Discretionary.
What are the top holdings of the VWO ETF and IEMG ETF?
VWO top holdings include TWN SEMICONT MAN, TENCENT HOLDINGS and ALIBABA GROUP HOLDING LTD. IEMG holds in its top three: TWN SEMICONT MAN, SAMSUNG ELECTR and TENCENT HOLDINGS.
Which ETF is more diversified: VWO or IEMG?
VWO holds 4963 securities with 27.21% of its assets in the top 15. IEMG has 2615 securities and a top 15 weight of 30.44%.
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