Overview
Vanguard's emerging markets ETF covering 5,000+ stocks across 24 developing economies at only 0.08% — dramatically lower than EEM's 0.68%. Largest EM ETF by assets.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| 2330 | TSMC | 8.8% |
| TCEHY | Tencent Holdings | 3.8% |
| BABA | Alibaba Group | 3.4% |
| RELIANCE | Reliance Industries | 2.9% |
| 005930 | Samsung Electronics | 2.8% |
| 3690 | Meituan | 2.4% |
| INFY | Infosys Ltd. | 2.2% |
| VALE3 | Vale S.A. | 1.8% |
| PDD | PDD Holdings | 1.6% |
| ICICIBC | ICICI Bank | 1.5% |
Fund Details
Investment Thesis
VWO is the definitive long-term emerging markets holding, delivering broader exposure than EEM across 5,000+ companies in 24 developing countries at a dramatically lower 0.08% expense ratio. Over a 20-year holding period the 0.60% annual cost savings relative to EEM compounds into a substantial performance advantage. Vanguard's scale and at-cost pricing ensure VWO maintains its cost leadership indefinitely.
Who It's For
Long-term buy-and-hold investors building a core emerging markets allocation who prioritize minimizing total cost of ownership. VWO's 0.08% expense ratio makes it the most cost-efficient way to access the EM growth story over decades. Pairs naturally with VTI and VXUS in a Vanguard-based global portfolio, providing complete coverage of world equity markets at near-zero total cost.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $34.82 | -- |
| 2017 | $46.42 | +33.3% |
| 2018 | $40.28 | -13.2% |
| 2019 | $44.82 | +11.3% |
| 2020 | $48.18 | +7.5% |
| 2021 | $56.82 | +17.9% |
| 2022 | $43.28 | -23.8% |
| 2023 | $44.82 | +3.6% |
| 2024 | $48.42 | +8.0% |
| 2025 | $52.82 | +9.1% |
| Year | Yield |
|---|---|
| 2016 | 2.42% |
| 2017 | 2.18% |
| 2018 | 2.62% |
| 2019 | 2.38% |
| 2020 | 2.08% |
| 2021 | 1.88% |
| 2022 | 2.42% |
| 2023 | 2.18% |
| 2024 | 2.02% |
| 2025 | 2.08% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $52B | -- |
| 2017 | $78B | +50.0% |
| 2018 | $72B | -7.7% |
| 2019 | $72B | +0.0% |
| 2020 | $82B | +13.9% |
| 2021 | $98B | +19.5% |
| 2022 | $78B | -20.4% |
| 2023 | $88B | +12.8% |
| 2024 | $105B | +19.3% |
| 2025 | $112B | +6.7% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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