VWOvsSCHEETF Comparison
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Vanguard FTSE Emerging Markets ETF (VWO) belongs to the EM Blended Cap segment. Schwab Emerging Markets Equity ETF (SCHE) is part of the EM Large & Mid Cap segment. Both ETFs have the same top 3 sector exposures: Technology, Finance and Non-Energy Materials. Both VWO and SCHE have the same Total Expense Ratio (TER) of 0.06%. VWO is up 12.31% year-to-date (YTD) with +$8.66B in YTD flows. SCHE performs better with 12.65% YTD performance, and +$22M in YTD flows. Run a side-by-side ETF comparison of VWO and SCHE 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 SCHE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/07/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWO SCHE | -1.69%-1.40% | +2.49%+2.81% | +12.31%+12.65% | +12.57%+12.60% | +67.89%+71.21% | +37.55%+39.38% |
| Flows | VWO SCHE | +$393M- | +$3.52B+$76M | +$8.66B+$22M | +$12.38B+$320M | +$17.63B+$302M | +$27.09B+$1.32B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWO SCHE | +13.38%+14.34% | +16.37%+16.18% | +14.47%+14.62% | +15.21%+15.41% |
| Max drawdown | VWO SCHE | -4.59%-3.69% | -11.04%-10.67% | -15.75%-14.57% | -29.92%-30.54% |
| Max drawdown duration | VWO SCHE | 22d19d | 50d57d | 240d223d | 1071d1072d |
Trading data
VWO | SCHE | |
Last sale 10/8/2026 at 7:38 PM | $59.05 | $36.26 |
| Previous close 10/07/2026 | $59.85 | $36.78 |
| Consolidated volume 10/07/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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VWO | SCHE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/8/2026 at 7:38 PM
Live
Closed
VWO | SCHE | |
|---|---|---|
| Last price | $59.05 | $36.26 |
| 1D performance | -1.35% | -1.41% |
| AuM | $126.88 B | $12.95 B |
| E/R | 0.06% | 0.06% |
Characteristics
VWO | SCHE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | Schwab ETFs |
| Benchmark | FTSE Emerging Markets All Cap China A Inclusion Index | FTSE Emerging Index |
| N° of holdings | 4589 | 1336 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 4, 2005 | January 14, 2010 |
| ESG | No | No |
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Exposure
Countries
VWO
Taiwan
31.08%
China
22.97%
India
15.69%
Other
30.25%
SCHE
Taiwan
25.2%
China
24.78%
India
18.48%
Other
31.54%
Sectors
VWO
Technology
33.04%
Finance
21.34%
Non-Energy Materi.
9.05%
Other
36.57%
SCHE
Technology
30.14%
Finance
26.32%
Non-Energy Materi.
8.48%
Consumer Non-Cycl.
8.27%
Other
26.79%
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Diversification
VWO
Total weight of top 15 holdings out of 15
28.36%
SCHE
Total weight of top 15 holdings out of 15
36.02%
Top 15 holdings
Data as of August 31, 2026
VWO
Taiwan Semiconductor Manufacturing Co., Ltd.
14.67%
Tencent Holdings Ltd.
2.89%
Alibaba Group Holding Ltd.
2.18%
MediaTek, Inc.
1.46%
Delta Electronics, Inc.
0.90%
China Construction Bank Corp.
0.86%
Hon Hai Precision Industry Co., Ltd.
0.77%
Reliance Industries Ltd.
0.72%
HDFC Bank Ltd.
0.68%
ICICI Bank Ltd.
0.65%
Industrial & Commercial Bank of China Ltd.
0.62%
PDD Holdings, Inc.
0.52%
ASE Technology Holding Co., Ltd.
0.49%
Xiaomi Corp.
0.49%
Bharti Airtel Ltd.
0.46%
SCHE
Taiwan Semiconductor Manufacturing Co., Ltd.
19.36%
Tencent Holdings Ltd.
3.87%
Alibaba Group Holding Ltd.
3.03%
China Construction Bank Corp.
1.14%
Reliance Industries Ltd.
1.02%
Hon Hai Precision Industry Co., Ltd.
0.98%
HDFC Bank Ltd.
0.96%
ICICI Bank Ltd.
0.87%
Industrial & Commercial Bank of China Ltd.
0.84%
PDD Holdings, Inc.
0.74%
Bharti Airtel Ltd.
0.68%
Xiaomi Corp.
0.67%
Anglogold Ashanti Plc
0.67%
Al Rajhi Bank
0.60%
Meituan
0.60%
Frequently asked questions about VWO and SCHE
How have the VWO and SCHE ETFs performed in 2026?
As of October 7, 2026, VWO is up 12.31% year-to-date (YTD), while SCHE has returned 12.65%. That puts SCHE better performer ahead so far this year.
Which ETF is attracting more investor money: VWO or SCHE?
Year-to-date, the VWO ETF saw +$8.66B in flows, compared to +$22M for SCHE.
Which ETF is more volatile: VWO or SCHE?
Over the past year, VWO had a volatility of 16.37%, while SCHE experienced 16.18%.
Which ETF is bigger: VWO or SCHE?
As of October 7, 2026, VWO holds $126.88 B in assets under management (AUM), while SCHE manages $12.95 B.
What sectors do the VWO and SCHE ETFs invest in?
VWO leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, SCHE focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the VWO ETF and SCHE ETF?
VWO top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd.. SCHE holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd..
Which ETF is more diversified: VWO or SCHE?
VWO holds 4953 securities with 28.36% of its assets in the top 15. SCHE has 1407 securities and a top 15 weight of 36.02%.
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