VWOvsXCNYETF Comparison
VS
ETF 2
XCNY
State Street SPDR S&P Emerging Markets ex-China ETF
This fund is part of
EM Blended Cap
+0.35%
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 14.25% year-to-date (YTD) with +$8.27B in YTD flows. XCNY performs better with 23.32% 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 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VWO XCNY | +1.58%+3.32% | +5.06%+7.55% | +14.25%+23.32% | +20.33%+33.43% | +66.40%n/a | +36.41%n/a |
| Flows | VWO XCNY | +$1.11B- | +$4.00B- | +$8.27B+$3M | +$13.18B+$3M | +$17.12B- | +$27.29B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VWO XCNY | +16.10%+17.95% | +16.01%+16.73% | +14.39%n/a | +15.24%n/a |
| Max drawdown | VWO XCNY | -6.82%-8.77% | -11.04%-11.42% | -15.75%n/a | -29.92%n/a |
| Max drawdown duration | VWO XCNY | 73d74d | 50d54d | 240dn/a | 1071dn/a |
Trading data
VWO | XCNY | |
Last sale 9/9/2026 at 1:30 PM | $60.87 | $34.21 |
| Previous close 09/08/2026 | $61.23 | $34.39 |
| Consolidated volume 09/08/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 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 9/9/2026 at 1:30 PM
Live
Closed
VWO | XCNY | |
|---|---|---|
| Last price | $60.87 | $34.21 |
| 1D performance | -0.59% | -0.55% |
| AuM | $128.92 B | $10.28 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 | 4582 | 1187 |
| 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
29.31%
China
23.91%
India
16.21%
Other
30.57%
XCNY
Taiwan
41.55%
India
21.67%
Other
36.78%
Sectors
VWO
Technology
32.21%
Finance
21.81%
Non-Energy Materi.
8.23%
Consumer Non-Cycl.
7.29%
Other
30.46%
XCNY
Technology
37.03%
Finance
24.23%
Non-Energy Materi.
8.81%
Other
29.92%
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Diversification
VWO
Total weight of top 15 holdings out of 15
29.07%
XCNY
Total weight of top 15 holdings out of 15
33.04%
Top 15 holdings
Data as of July 31, 2026
VWO
Taiwan Semiconductor Manufacturing Co., Ltd.
14.90%
Tencent Holdings Ltd.
3.18%
Alibaba Group Holding Ltd.
2.32%
MediaTek, Inc.
1.30%
China Construction Bank Corp.
0.86%
Delta Electronics, Inc.
0.79%
Hon Hai Precision Industry Co., Ltd.
0.77%
Reliance Industries Ltd.
0.76%
HDFC Bank Ltd.
0.74%
ICICI Bank Ltd.
0.66%
Industrial & Commercial Bank of China Ltd.
0.64%
PDD Holdings, Inc.
0.57%
Meituan
0.54%
Xiaomi Corp.
0.53%
Bharti Airtel Ltd.
0.52%
XCNY
Taiwan Semiconductor Manufacturing Co., Ltd.
20.11%
MediaTek, Inc.
2.27%
Delta Electronics, Inc.
1.57%
Hon Hai Precision Industry Co., Ltd.
1.12%
Reliance Industries Ltd.
1.06%
HDFC Bank Ltd.
1.00%
ASE Technology Holding Co., Ltd.
0.89%
ICICI Bank Ltd.
0.88%
Accton Technology Corp.
0.68%
Bharti Airtel Ltd.
0.63%
Credicorp Ltd.
0.62%
Vale SA
0.59%
Al Rajhi Bank
0.57%
United Microelectronics Corp.
0.54%
Naspers Ltd.
0.53%
Frequently asked questions about VWO and XCNY
How have the VWO and XCNY ETFs performed in 2026?
As of September 8, 2026, VWO is up 14.25% year-to-date (YTD), while XCNY has returned 23.32%. 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 +$8.27B in flows, compared to +$3M for XCNY.
Which ETF is more volatile: VWO or XCNY?
Over the past year, VWO had a volatility of 16.01%, while XCNY experienced 16.73%.
Which ETF is bigger: VWO or XCNY?
As of September 8, 2026, VWO holds $128.92 B in assets under management (AUM), while XCNY manages $10.28 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 4942 securities with 29.07% of its assets in the top 15. XCNY has 1193 securities and a top 15 weight of 33.04%.
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Latest news about VWO & XCNY
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