EEM vs VWO
Comparison between ISHARES MSCI EMERGING MARKETS ETF (EEM, ETF) and VANGUARD EMERGING MARKETS STOCK INDEX FUND ETF SHARES (VWO, ETF).
5-Year PerformanceEEM has outperformed VWO, delivering a return of +5.3% compared to +4.4%
EEM vs VWO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
EEM
$28B
Winner
VWO
$160B
Expense Ratio
EEM
0.72%
Winner
VWO
0.06%
Max Drawdown
Winner
EEM
67.23%
VWO
68.28%
Sharpe Ratio
Winner
EEM
1.61
VWO
1.20
5Y Beta
EEM
0.83
Winner
VWO
0.72
5Y Dividends CAGR
EEM
2.97%
Winner
VWO
16.14%
EEM vs VWO - Holdings Comparison
EEM and VWO have 3 common holdings. Overlap is 0.83%
EEM's top 25 holdings weight is 44.49%. VWO's top 25 holdings weight is 1.68%.
| Rank | EEM | VWO |
|---|---|---|
| #1 | n/a (n/a) - 14.36% | PDD HOLDINGS INC ADR (PDD) - 0.79% |
| #2 | SAMSUNG ELECTRONICS CO LTD (n/a) - 6.91% | YUM CHINA HOLDINGS INC (YUMC) - 0.20% |
| #3 | SK HYNIX INC (n/a) - 5.00% | ANGLOGOLD ASHANTI PLC (AU) - 0.13% |
| #4 | TENCENT HOLDINGS LTD (n/a) - 3.07% | KE HOLDINGS INC ADR (BEKE) - 0.13% |
| #5 | n/a (n/a) - 2.43% | TENCENT MUSIC ENTERTAINMENT GROUP ADR (TME) - 0.10% |
| #6 | MEDIATEK INC (n/a) - 1.41% | FULL TRUCK ALLIANCE CO LTD ADR (YMM) - 0.09% |
| #7 | DELTA ELECTRONICS INC (n/a) - 1.09% | KANZHUN LTD ADR (BZ) - 0.06% |
| #8 | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.86% | ITAU UNIBANCO HOLDING SA ADR (ITUB) - 0.05% |
| #9 | n/a (n/a) - 0.81% | CHUNGHWA TELECOM CO LTD ADR (CHT) - 0.04% |
| #10 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.80% | BANCOLOMBIA SA ADR (CIB) - 0.03% |
| #11 | HDFC BANK LTD (n/a) - 0.75% | DR REDDY'S LABORATORIES LTD ADR (RDY) - 0.03% |
| #12 | RELIANCE INDUSTRIES LTD (n/a) - 0.74% | STATE BANK OF INDIA DR (SBKFF) - 0.03% |
| #13 | ICICI BANK LTD (n/a) - 0.57% | N/A |
| #14 | PDD HOLDINGS INC ADR (PDD) - 0.56% | N/A |
| #15 | XIAOMI CORP CLASS B (n/a) - 0.56% | N/A |
| #16 | SK SQUARE (n/a) - 0.55% | N/A |
| #17 | n/a (n/a) - 0.49% | N/A |
| #18 | n/a (n/a) - 0.49% | N/A |
| #19 | VALE SA (n/a) - 0.48% | N/A |
| #20 | HYUNDAI MOTOR CO (n/a) - 0.44% | N/A |
| #21 | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 0.44% | N/A |
| #22 | ANGLOGOLD ASHANTI PLC (AU) - 0.43% | N/A |
| #23 | MEITUAN CLASS B (n/a) - 0.43% | N/A |
| #24 | AL RAJHI BANK (n/a) - 0.42% | N/A |
| #25 | BHARTI AIRTEL LTD (n/a) - 0.40% | N/A |
| Total Holdings | 1228 | 12 |
EEM vs VWO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
EEM
-1.24%
VWO
-2.24%
3M
Winner
EEM
+12.08%
VWO
+5.80%
6M
Winner
EEM
+19.69%
VWO
+8.75%
1Y
Winner
EEM
+41.43%
VWO
+24.17%
5Y(CAGR)
Winner
EEM
+5.34%
VWO
+4.36%
10Y(CAGR)
Winner
EEM
+8.95%
VWO
+8.35%
Max(CAGR)
Winner
EEM
+9.92%
VWO
+6.80%
EEM vs VWO - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | EEM | VWO |
|---|---|---|
| 2026 | +14.85% | +5.64% |
| 2025 | +34.17% | +25.92% |
| 2024 | +7.76% | +11.89% |
| 2023 | +8.08% | +8.10% |
| 2022 | -21.12% | -18.57% |
| 2021 | -4.23% | +0.83% |
| 2020 | +14.71% | +12.51% |
| 2019 | +17.90% | +20.22% |
| 2018 | -16.88% | -16.21% |
| 2017 | +35.65% | +30.06% |
| 2016 | +13.99% | +15.49% |
| 2015 | -15.06% | -14.83% |
| 2014 | -0.08% | +3.56% |
| 2013 | -5.57% | -6.87% |
| 2012 | +15.57% | +15.81% |
| 2011 | -19.59% | -19.55% |
| 2010 | +13.21% | +15.52% |
| 2009 | +61.25% | +67.34% |
| 2008 | -48.03% | -52.35% |
| 2007 | +32.18% | +36.37% |
| 2006 | +26.46% | +25.21% |
| 2005 | +34.01% | +23.53% |
| 2004 | +21.91% | N/A |
| 2003 | +63.14% | N/A |
EEM vs VWO Drawdown Comparison
The maximum drawdown for EEM was -66.45%, occurring on Nov 20, 2008. Recovery took 2488 trading sessions.
The maximum drawdown for VWO was -67.69%, occurring on Nov 20, 2008. Recovery took 2482 trading sessions.
The current EEM drawdown is -8.77%. The current VWO drawdown is -5.16%.
| Rank | EEM | VWO |
|---|---|---|
| #1 | -66.45% Oct 31, 2007 - Sep 19, 2017 | -67.69% Oct 31, 2007 - Sep 11, 2017 |
| #2 | -39.80% Feb 17, 2021 - Sep 11, 2025 | -36.39% Jan 26, 2018 - Nov 16, 2020 |
| #3 | -38.22% Jan 26, 2018 - Nov 24, 2020 | -34.30% Feb 17, 2021 - Jun 26, 2025 |
| #4 | -26.24% May 9, 2006 - Dec 4, 2006 | -25.99% May 9, 2006 - Dec 4, 2006 |
| #5 | -21.38% Apr 12, 2004 - Nov 4, 2004 | -18.05% Jul 23, 2007 - Sep 21, 2007 |
| #6 | -17.73% Jul 23, 2007 - Sep 21, 2007 | -11.61% Feb 22, 2007 - Apr 3, 2007 |
| #7 | -13.52% Feb 25, 2026 - Apr 17, 2026 | -11.17% Feb 25, 2026 - Apr 17, 2026 |
| #8 | -12.02% Oct 3, 2005 - Dec 1, 2005 | -11.00% Sep 30, 2005 - Nov 18, 2005 |
| #9 | -11.97% Mar 7, 2005 - Jul 12, 2005 | -9.79% Mar 10, 2005 - Jul 11, 2005 |
| #10 | -11.25% Feb 21, 2007 - Apr 3, 2007 | -6.63% Feb 1, 2006 - Apr 3, 2006 |
| #11 | -8.77% Jun 2, 2026 - Jun 5, 2026 | -5.39% Jan 3, 2007 - Jan 24, 2007 |
| #12 | -8.02% Jan 31, 2006 - Apr 3, 2006 | -5.16% Jun 2, 2026 - Jun 5, 2026 |
| #13 | -7.27% Mar 1, 2004 - Apr 2, 2004 | -4.98% Jan 21, 2021 - Feb 5, 2021 |
| #14 | -5.94% Jan 3, 2007 - Jan 24, 2007 | -4.95% Oct 18, 2007 - Oct 26, 2007 |
| #15 | -5.72% Aug 10, 2005 - Sep 6, 2005 | -4.84% Oct 29, 2025 - Jan 2, 2026 |
Correlation
Correlation between EEM and VWO is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2003 - 2025)
EEM vs VWO dividend yield comparison.
| Year | EEM | VWO |
|---|---|---|
| 2025 | 2.22% | 2.79% |
| 2024 | 2.43% | 3.20% |
| 2023 | 2.63% | 3.52% |
| 2022 | 2.50% | 4.11% |
| 2021 | 1.99% | 2.63% |
| 2020 | 1.45% | 1.91% |
| 2019 | 2.76% | 3.23% |
| 2018 | 2.24% | 2.88% |
| 2017 | 1.88% | 2.30% |
| 2016 | 1.89% | 2.52% |
| 2015 | 2.49% | 3.26% |
| 2014 | 2.23% | 2.86% |
| 2013 | 2.05% | 2.73% |
| 2012 | 1.68% | 2.19% |
| 2011 | 2.13% | 2.37% |
| 2010 | 1.36% | 1.69% |
| 2009 | 1.40% | 1.33% |
| 2008 | 3.43% | 5.00% |
| 2007 | 1.30% | 1.89% |
| 2006 | 1.38% | 1.73% |
| 2005 | 1.12% | 1.77% |
| 2004 | 1.20% | 0.00% |
| 2003 | 0.50% | 0.00% |
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