VWOvsXCNYETF Comparison
VS
ETF 2
XCNY
State Street SPDR S&P Emerging Markets ex-China ETF
This fund is part of
EM Blended Cap
+0.15%
Vanguard FTSE Emerging Markets ETF (VWO) and State Street SPDR S&P Emerging Markets ex-China ETF (XCNY) 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 0.19% for XCNY. VWO is up 6.16% year-to-date (YTD) with +$8.69B in YTD flows. XCNY performs better with 16.28% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of VWO and XCNY 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 XCNY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWO XCNY | -6.01%-5.38% | -2.24%-0.41% | +6.16%+16.28% | +6.06%+18.53% | +62.92%n/a | +26.98%n/a |
| Flows | VWO XCNY | +$167M- | +$2.45B- | +$8.69B+$3M | +$12.00B+$3M | +$17.73B- | +$27.00B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWO XCNY | +13.78%+15.38% | +16.12%+17.10% | +14.53%n/a | +15.27%n/a |
| Max drawdown | VWO XCNY | -7.17%-6.13% | -11.04%-11.42% | -15.75%n/a | -29.62%n/a |
| Max drawdown duration | VWO XCNY | 31d17d | 50d54d | 240dn/a | 1044dn/a |
Trading data
VWO | XCNY | |
Last sale 10/23/2026 at 1:30 PM | $56.84 | $32.36 |
| Previous close 10/22/2026 | $56.85 | $32.37 |
| Consolidated volume 10/22/2026 | ||
| 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 | XCNY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
VWO | XCNY | |
|---|---|---|
| Last price | $56.84 | $32.36 |
| 1D performance | -0.02% | -0.04% |
| AuM | $119.96 B | $9.70 M |
| E/R | 0.06% | 0.19% |
Characteristics
VWO | XCNY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Vanguard | State Street Investment Management |
| Benchmark | FTSE Emerging Markets All Cap China A Inclusion Index | S&P Emerging ex-China BMI Index |
| N° of holdings | 4589 | 1184 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 4, 2005 | September 4, 2024 |
| ESG | No | No |
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Exposure
Countries
VWO
Taiwan
31.08%
China
22.97%
India
15.69%
Other
30.25%
XCNY
Taiwan
42.89%
India
20.94%
Other
36.17%
Sectors
VWO
Technology
33.04%
Finance
21.34%
Non-Energy Materi.
9.05%
Other
36.57%
XCNY
Technology
37.93%
Finance
23.61%
Non-Energy Materi.
9.39%
Other
29.08%
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Diversification
VWO
Total weight of top 15 holdings out of 15
28.36%
XCNY
Total weight of top 15 holdings out of 15
32.61%
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%
XCNY
Taiwan Semiconductor Manufacturing Co., Ltd.
19.56%
MediaTek, Inc.
2.46%
Delta Electronics, Inc.
1.73%
Hon Hai Precision Industry Co., Ltd.
1.09%
Reliance Industries Ltd.
0.99%
ASE Technology Holding Co., Ltd.
0.91%
HDFC Bank Ltd.
0.91%
ICICI Bank Ltd.
0.86%
Accton Technology Corp.
0.64%
Unimicron Technology Corp.
0.63%
Al Rajhi Bank
0.59%
Vale SA
0.57%
United Microelectronics Corp.
0.56%
Bharti Airtel Ltd.
0.56%
Credicorp Ltd.
0.55%
Frequently asked questions about VWO and XCNY
How have the VWO and XCNY ETFs performed in 2026?
As of October 23, 2026, VWO is up 6.16% year-to-date (YTD), while XCNY has returned 16.28%. That puts XCNY better performer ahead so far this year.
Which ETF is attracting more investor money: VWO or XCNY?
Year-to-date, the VWO ETF saw +$8.69B in flows, compared to +$3M for XCNY.
Which ETF is more volatile: VWO or XCNY?
Over the past year, VWO had a volatility of 16.12%, while XCNY experienced 17.1%.
Which ETF is bigger: VWO or XCNY?
As of October 23, 2026, VWO holds $119.96 B in assets under management (AUM), while XCNY manages $9.70 M.
What sectors do the VWO and XCNY ETFs invest in?
VWO leans toward sectors like Technology, Finance and Non-Energy Materials. Meanwhile, XCNY focuses on Technology, Finance and Non-Energy Materials.
What are the top holdings of the VWO ETF and XCNY ETF?
VWO top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Tencent Holdings Ltd. and Alibaba Group Holding Ltd.. XCNY holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., MediaTek, Inc. and Delta Electronics, Inc..
Which ETF is more diversified: VWO or XCNY?
VWO holds 4953 securities with 28.36% of its assets in the top 15. XCNY has 1190 securities and a top 15 weight of 32.61%.
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