BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

VWOvsVEXCETF Comparison

ETF 1

VWO

Vanguard FTSE Emerging Markets ETF

This fund is part of

EM Blended Cap

-0.19%

Full VWO fund page

VS

ETF 2

VEXC

Vanguard Emerging Markets ex-China ETF

This fund is part of

EM Large & Mid Cap

-0.19%

Full VEXC fund page

Vanguard FTSE Emerging Markets ETF (VWO) belongs to the EM Blended Cap segment. Vanguard Emerging Markets ex-China ETF (VEXC) is part of the EM Large & Mid Cap segment. VWO's top 3 sector exposures are Information Technology, Financials and Consumer Discretionary. In contrast, VEXC's top sector exposures are Information Technology, Financials and Materials. VWO is less expensive with a Total Expense Ratio (TER) of 0.06%, versus 0.07% for VEXC. VWO is up 9.93% year-to-date (YTD) with +$5.14B in YTD flows. VEXC performs better with 20.01% YTD performance, and +$131M in YTD flows. Run a side-by-side ETF comparison of VWO and VEXC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

VWO vs VEXC performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/24/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	VWO VEXC	-1.67%+0.49%	+10.53%+18.04%	+9.93%+20.01%	+23.86%n/a	+60.32%n/a	+27.45%n/a
Flows	VWO VEXC	+$958M+$19M	+$1.14B+$37M	+$5.14B+$131M	+$11.67B-	+$13.99B-	+$25.23B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	VWO VEXC	+20.94%+23.83%	+15.24%n/a	+14.32%n/a	+15.34%n/a
Max drawdown	VWO VEXC	-5.74%-6.12%	-11.04%n/a	-15.75%n/a	-32.36%n/a
Max drawdown duration	VWO VEXC	22d15d	50dn/a	240dn/a	1438dn/a

Trading data

Create an account to view trading data

Join for free

	VWO	VEXC
Last sale 6/25/2026 at 7:12 PM	$58.78	$94.51
Previous close 06/22/2026	$58.97	$94.36
Consolidated volume 06/22/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

	VWO	VEXC
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/25/2026 at 7:12 PM

Live

Closed

	VWO	VEXC
Last price	$58.78	$94.51
1D performance	-0.32%	+0.16%
AuM	$120.92 B	$244.43 M
E/R	0.06%	0.07%

Characteristics

	VWO	VEXC
Management strategy	Passive	Passive
Provider	Vanguard	Vanguard
Benchmark	FTSE Emerging Markets All Cap China A Inclusion Index	FTSE Emerging ex-China Index
N° of holdings	4409	890
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	March 4, 2005	October 1, 2025
ESG	No	No

More VWO data on Trackinsight

More VEXC data on Trackinsight

Exposure

Countries

VWO

Taiwan

30.28%

India

15.13%

China

12.98%

Cayman Islands

10.94%

Other

30.67%

VEXC

Taiwan

41.41%

India

20.46%

Other

38.12%

Sectors

VWO

Information Techn.

30.21%

Financials

16.55%

Consumer Discreti.

8.41%

Other

44.82%

VEXC

Information Techn.

38.41%

Financials

18%

Other

43.59%

Diversification

VWO

Total weight of top 15 holdings out of 15

28.71%

VEXC

Total weight of top 15 holdings out of 15

36.22%

Top 15 holdings

Data as of May 31, 2026

VWO

TWN SEMICONT MAN

14.62%

TENCENT HOLDINGS

2.73%

ALIBABA GROUP HOLDING LTD

2.25%

MEDIATEK INC

1.62%

DELTA ELECTRONIC

1.20%

HON HAI PRECISION INDUSTRY

0.90%

RELIANCE INDUSTRIES

0.77%

CHINA CONSTRUCTION BANK

0.77%

HDFC BANK

0.72%

ICICI BANK

0.57%

INDUSTRIAL COMMERC BK CHINA

0.55%

PINDUODUO INC ADR

0.52%

ASE INDUSTRIAL HLDG CO

0.51%

XIAOMI CORP

0.50%

VALE SA

0.48%

VEXC

TWN SEMICONT MAN

21.42%

MEDIATEK INC

2.49%

DELTA ELECTRONIC

1.85%

HON HAI PRECISION INDUSTRY

1.39%

US8740391003

1.22%

RELIANCE INDUSTRIES

1.18%

HDFC BANK

1.11%

ICICI BANK

0.87%

ASE INDUSTRIAL HLDG CO

0.78%

VALE SA

0.74%

BHARTI AIRTEL

0.71%

UNITED MICRO

0.65%

AL RAJHI BANK

0.62%

GB00BRXH2664

0.60%

ELITE MATL

0.58%

Frequently asked questions about VWO and VEXC

How have the VWO and VEXC ETFs performed in 2026?

As of June 24, 2026, VWO is up 9.93% year-to-date (YTD), while VEXC has returned 20.01%. That puts VEXC better performer ahead so far this year.

Which ETF is attracting more investor money: VWO or VEXC?

Year-to-date, the VWO ETF saw +$5.14B in flows, compared to +$131M for VEXC.

Which ETF is bigger: VWO or VEXC?

As of June 24, 2026, VWO holds $120.92 B in assets under management (AUM), while VEXC manages $244.43 M.

What sectors do the VWO and VEXC ETFs invest in?

VWO leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, VEXC focuses on Information Technology and Financials.

What are the top holdings of the VWO ETF and VEXC ETF?

VWO top holdings include TWN SEMICONT MAN, TENCENT HOLDINGS and ALIBABA GROUP HOLDING LTD. VEXC holds in its top three: TWN SEMICONT MAN, MEDIATEK INC and DELTA ELECTRONIC.

Which ETF is more diversified: VWO or VEXC?

VWO holds 4950 securities with 28.71% of its assets in the top 15. VEXC has 1015 securities and a top 15 weight of 36.22%.

There's an ETF for That? Emerging Markets Without China

June 25, 2026

VWO

VEXC

VWOvsVEXCETF Comparison

Vanguard FTSE Emerging Markets ETF

Vanguard Emerging Markets ex-China ETF

VWO vs VEXC performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the VWO and VEXC ETFs performed in 2026?

As of June 24, 2026, VWO is up 9.93% year-to-date (YTD), while VEXC has returned 20.01%. That puts VEXC better performer ahead so far this year.

Which ETF is attracting more investor money: VWO or VEXC?

Year-to-date, the VWO ETF saw +$5.14B in flows, compared to +$131M for VEXC.

Which ETF is bigger: VWO or VEXC?

As of June 24, 2026, VWO holds $120.92 B in assets under management (AUM), while VEXC manages $244.43 M.

What sectors do the VWO and VEXC ETFs invest in?

VWO leans toward sectors like Information Technology, Financials and Consumer Discretionary. Meanwhile, VEXC focuses on Information Technology and Financials.

What are the top holdings of the VWO ETF and VEXC ETF?

VWO top holdings include TWN SEMICONT MAN, TENCENT HOLDINGS and ALIBABA GROUP HOLDING LTD. VEXC holds in its top three: TWN SEMICONT MAN, MEDIATEK INC and DELTA ELECTRONIC.

Which ETF is more diversified: VWO or VEXC?

VWO holds 4950 securities with 28.71% of its assets in the top 15. VEXC has 1015 securities and a top 15 weight of 36.22%.

There's an ETF for That? Emerging Markets Without China

ETF Comparison: Vanguard FTSE Emerging Markets ETF (VWO) Versus iShares Core MSCI Emerging Markets ETF (IEMG)

There's an ETF For That? Emerging Markets, Ex-China

International Markets Outperforming: ETFs to Watch in 2023

Investing in international ETFs: A primer

Investing in international ETFs: A primer

Active Trader Report: Use of Leveraged & Inverse ETFs Way Up