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 0.75% year-to-date (YTD) with +$4.00B in YTD flows. IEMG performs better with 4.66% 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 04/07/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWO IEMG | -1.76%-1.34% | -1.99%+0.99% | +0.75%+4.66% | +35.27%+47.15% | +47.33%+57.85% | +21.85%+25.30% |
| Flows | VWO IEMG | +$24M-$124M | +$3.93B+$9.60B | +$4.00B+$11.15B | +$11.92B+$26.73B | +$13.49B+$32.53B | +$26.03B+$44.11B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWO IEMG | +17.71%+22.19% | +14.20%+16.12% | +13.62%+14.66% | +14.95%+15.86% |
| 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 | 41d41d | 41d41d | 240d223d | 1464d1484d |
Trading data
VWO | IEMG | |
Last sale 4/7/2026 at 1:30 PM | $54.09 | $70.33 |
| Previous close 04/07/2026 | $54.01 | $70.14 |
| Consolidated volume 04/07/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 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 4/7/2026 at 1:30 PM
Live
Closed
VWO | IEMG | |
|---|---|---|
| Last price | $54.09 | $70.33 |
| 1D performance | +0.15% | +0.27% |
| AuM | $109.93 B | $136.57 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 | 4407 | 2370 |
| 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
24.08%
India
16.45%
China
13.41%
Cayman Islands
12.53%
Other
33.53%
IEMG
Taiwan
21.93%
Republic of Korea
18.08%
India
13.88%
Cayman Islands
11.48%
China
8.72%
Other
25.91%
Sectors
VWO
Information Techn.
23.9%
Financials
18.14%
Consumer Discreti.
9.87%
Materials
7.71%
Other
40.4%
IEMG
Information Techn.
31.55%
Financials
18.28%
Consumer Discreti.
9.57%
Industrials
7.33%
Materials
7.14%
Other
26.12%
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Diversification
VWO
Total weight of top 15 holdings out of 15
27.12%
IEMG
Total weight of top 15 holdings out of 15
32.1%
Top 15 holdings
Data as of February 28, 2026
VWO
TWN SEMICONT MAN
12.61%
TENCENT HOLDINGS
3.42%
ALIBABA GROUP HOLDING LTD
2.71%
HDFC BANK
0.93%
RELIANCE INDUSTRIES
0.88%
HON HAI PRECISION INDUSTRY
0.78%
MEDIATEK INC
0.76%
CHINA CONSTRUCTION BANK
0.75%
DELTA ELECTRONIC
0.73%
ICICI BANK
0.67%
PINDUODUO INC ADR
0.66%
XIAOMI CORP
0.64%
INDUSTRIAL COMMERC BK CHINA
0.54%
GB00BRXH2664
0.54%
VALE SA
0.52%
IEMG
TWN SEMICONT MAN
11.57%
SAMSUNG ELECTR
5.35%
SK HYNIX
3.11%
TENCENT HOLDINGS
3.09%
ALIBABA GROUP HOLDING LTD
2.32%
HDFC BANK
0.82%
CHINA CONSTRUCTION BANK
0.73%
HON HAI PRECISION INDUSTRY
0.72%
MEDIATEK INC
0.70%
RELIANCE INDUSTRIES
0.70%
DELTA ELECTRONIC
0.66%
SAMSUNG ELEC-1P PRF
0.62%
US0669224778
0.58%
ICICI BANK
0.58%
XIAOMI CORP
0.57%
Frequently asked questions about VWO and IEMG
How have the VWO and IEMG ETFs performed in 2026?
As of April 7, 2026, VWO is up 0.75% year-to-date (YTD), while IEMG has returned 4.66%. 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 +$4.00B 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 14.2%, while IEMG experienced 16.12%.
Which ETF is bigger: VWO or IEMG?
As of April 7, 2026, VWO holds $109.93 B in assets under management (AUM), while IEMG manages $136.57 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 SK HYNIX.
Which ETF is more diversified: VWO or IEMG?
VWO holds 4926 securities with 27.12% of its assets in the top 15. IEMG has 2633 securities and a top 15 weight of 32.1%.
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Latest news about VWO & IEMG
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