VWOvsVEXCETF Comparison
VS
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. 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 0.07% for VEXC. VWO is up 10.72% year-to-date (YTD) with +$8.66B in YTD flows. VEXC performs better with 21.74% YTD performance, and +$159M 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
Historic performance and flows
Data as of 10/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWO VEXC | -1.96%-1.24% | +0.44%+0.77% | +10.72%+21.74% | +11.39%+27.75% | +64.04%n/a | +37.37%n/a |
| Flows | VWO VEXC | +$512M+$9M | +$3.52B+$28M | +$8.66B+$159M | +$12.62B+$244M | +$17.50B- | +$27.09B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWO VEXC | +13.80%+15.87% | +16.23%+18.03% | +14.44%n/a | +15.22%n/a |
| Max drawdown | VWO VEXC | -5.11%-7.61% | -11.04%-12.39% | -15.75%n/a | -29.92%n/a |
| Max drawdown duration | VWO VEXC | 31d37d | 50d50d | 240dn/a | 1071dn/a |
Trading data
VWO | VEXC | |
Last sale 10/2/2026 at 1:30 PM | $59.57 | $96.30 |
| Previous close 10/01/2026 | $59.03 | $94.79 |
| Consolidated volume 10/01/2026 | ||
| 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
Create an account to view replication metrics
Join for free
VWO | VEXC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/2/2026 at 1:30 PM
Live
Closed
VWO | VEXC | |
|---|---|---|
| Last price | $59.57 | $96.30 |
| 1D performance | +0.91% | +1.60% |
| AuM | $125.08 B | $275.01 M |
| E/R | 0.06% | 0.07% |
Advertisement
Exposure
Countries
VWO
Taiwan
31.08%
China
22.97%
India
15.69%
Other
30.25%
VEXC
Taiwan
44.5%
India
21.36%
Other
34.14%
Sectors
VWO
Technology
33.04%
Finance
21.34%
Non-Energy Materi.
9.05%
Other
36.57%
VEXC
Technology
39.21%
Finance
23.57%
Non-Energy Materi.
9.62%
Other
27.6%
Advertisement
Diversification
VWO
Total weight of top 15 holdings out of 15
28.36%
VEXC
Total weight of top 15 holdings out of 15
36.45%
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%
VEXC
Taiwan Semiconductor Manufacturing Co., Ltd.
23.02%
MediaTek, Inc.
2.29%
Delta Electronics, Inc.
1.41%
Hon Hai Precision Industry Co., Ltd.
1.21%
Reliance Industries Ltd.
1.14%
HDFC Bank Ltd.
1.07%
ICICI Bank Ltd.
1.02%
ASE Technology Holding Co., Ltd.
0.77%
Bharti Airtel Ltd.
0.73%
Anglogold Ashanti Plc
0.72%
Vale SA
0.67%
Al Rajhi Bank
0.66%
Elite Material Co., Ltd.
0.63%
United Microelectronics Corp.
0.60%
Itaú Unibanco Holding SA
0.53%
Frequently asked questions about VWO and VEXC
How have the VWO and VEXC ETFs performed in 2026?
As of October 1, 2026, VWO is up 10.72% year-to-date (YTD), while VEXC has returned 21.74%. 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 +$8.66B in flows, compared to +$159M for VEXC.
Which ETF is more volatile: VWO or VEXC?
Over the past year, VWO had a volatility of 16.23%, while VEXC experienced 18.03%.
Which ETF is bigger: VWO or VEXC?
As of October 1, 2026, VWO holds $125.08 B in assets under management (AUM), while VEXC manages $275.01 M.
What sectors do the VWO and VEXC ETFs invest in?
VWO leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, VEXC focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the VWO ETF and VEXC ETF?
VWO top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd.. VEXC holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., MediaTek, Inc. and Delta Electronics, Inc..
Which ETF is more diversified: VWO or VEXC?
VWO holds 4953 securities with 28.36% of its assets in the top 15. VEXC has 1000 securities and a top 15 weight of 36.45%.
Advertisement
Latest news about VWO & VEXC
There's an ETF for That? Emerging Markets Without China
June 25, 2026
VWO
VEXC
ETF Comparison: Vanguard FTSE Emerging Markets ETF (VWO) Versus iShares Core MSCI Emerging Markets ETF (IEMG)
May 26, 2026
VWO
There's an ETF For That? Emerging Markets, Ex-China
February 12, 2026
VEXC
Advertisement
Investing in international ETFs: A primer
September 1, 2022
VWO
Investing in international ETFs: A primer
September 1, 2022
VWO
Advertisement
