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: Technology, Finance and Non-Energy Materials. VWO is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.09% for IEMG. VWO is up 9.73% year-to-date (YTD) with +$5.14B in YTD flows. IEMG performs better with 21.48% YTD performance, and +$10.74B 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 07/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWO IEMG | -3.76%-4.34% | +9.20%+16.13% | +9.73%+21.48% | +21.44%+38.51% | +57.05%+77.93% | +28.06%+40.77% |
| Flows | VWO IEMG | +$873M-$406M | +$1.14B-$406M | +$5.14B+$10.74B | +$11.18B+$23.05B | +$13.99B+$31.41B | +$25.24B+$41.92B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWO IEMG | +19.84%+29.80% | +15.36%+20.27% | +14.34%+16.57% | +15.36%+16.99% |
| Max drawdown | VWO IEMG | -5.74%-8.79% | -11.04%-12.92% | -15.75%-16.06% | -31.28%-34.82% |
| Max drawdown duration | VWO IEMG | 30d16d | 50d50d | 240d223d | 1184d1453d |
Trading data
VWO | IEMG | |
Last sale 7/2/2026 at 1:30 PM | $59.04 | $79.84 |
| Previous close 07/02/2026 | $59.22 | $80.63 |
| Consolidated volume 07/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 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 7/2/2026 at 1:30 PM
Live
Closed
VWO | IEMG | |
|---|---|---|
| Last price | $59.04 | $79.84 |
| 1D performance | -0.30% | -0.98% |
| AuM | $120.70 B | $156.90 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 | 4572 | 2740 |
| 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
30.91%
China
23.31%
India
15.16%
Other
30.63%
IEMG
Taiwan
26.75%
Republic of Korea
22.29%
China
16.79%
India
11.76%
Other
22.41%
Sectors
VWO
Technology
33.88%
Finance
20.18%
Non-Energy Materi.
8.72%
Consumer Non-Cycl.
7.08%
Other
30.14%
IEMG
Technology
44.24%
Finance
19.07%
Non-Energy Materi.
7.53%
Industrials
7.12%
Other
22.03%
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Diversification
VWO
Total weight of top 15 holdings out of 15
28.71%
IEMG
Total weight of top 15 holdings out of 15
37.2%
Top 15 holdings
Data as of May 31, 2026
VWO
Taiwan Semiconductor Manufacturing Co., Ltd.
14.62%
Tencent Holdings Ltd.
2.73%
Alibaba Group Holding Ltd.
2.25%
MediaTek, Inc.
1.62%
Delta Electronics, Inc.
1.20%
Hon Hai Precision Industry Co., Ltd.
0.90%
Reliance Industries Ltd.
0.77%
China Construction Bank Corp.
0.77%
HDFC Bank Ltd.
0.72%
ICICI Bank Ltd.
0.57%
Industrial & Commercial Bank of China Ltd.
0.55%
PDD Holdings, Inc.
0.52%
ASE Technology Holding Co., Ltd.
0.51%
Xiaomi Corp.
0.50%
Vale SA
0.48%
IEMG
Taiwan Semiconductor Manufacturing Co., Ltd.
12.91%
Samsung Electronics Co., Ltd.
6.85%
SK hynix, Inc.
5.95%
Tencent Holdings Ltd.
2.34%
Alibaba Group Holding Ltd.
1.80%
MediaTek, Inc.
1.38%
Delta Electronics, Inc.
1.06%
Hon Hai Precision Industry Co., Ltd.
0.79%
Samsung Electronics Co., Ltd.
0.75%
China Construction Bank Corp.
0.64%
HDFC Bank Ltd.
0.61%
Reliance Industries Ltd.
0.59%
Samsung Electro-Mechanics Co., Ltd.
0.55%
SK Square Co. Ltd.
0.53%
ICICI Bank Ltd.
0.48%
Frequently asked questions about VWO and IEMG
How have the VWO and IEMG ETFs performed in 2026?
As of July 2, 2026, VWO is up 9.73% year-to-date (YTD), while IEMG has returned 21.48%. 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 +$5.14B in flows, compared to +$10.74B for IEMG.
Which ETF is more volatile: VWO or IEMG?
Over the past year, VWO had a volatility of 15.36%, while IEMG experienced 20.27%.
Which ETF is bigger: VWO or IEMG?
As of July 2, 2026, VWO holds $120.70 B in assets under management (AUM), while IEMG manages $156.90 B.
What sectors do the VWO and IEMG ETFs invest in?
VWO leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, IEMG focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the VWO ETF and IEMG ETF?
VWO top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd.. IEMG 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 IEMG?
VWO holds 4950 securities with 28.71% of its assets in the top 15. IEMG has 2806 securities and a top 15 weight of 37.2%.
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Latest news about VWO & IEMG
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May 26, 2026
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