VWO vs IEFA
Comparison between VANGUARD EMERGING MARKETS STOCK INDEX FUND ETF SHARES (VWO, ETF) and ISHARES CORE MSCI EAFE ETF (IEFA, ETF).
5-Year PerformanceIEFA has outperformed VWO, delivering a return of +9.1% compared to +6.4%
VWO vs IEFA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
VWO
$163B
Winner
IEFA
$187B
Expense Ratio
Winner
VWO
0.06%
IEFA
0.07%
Max Drawdown
VWO
68.28%
Winner
IEFA
38.86%
Sharpe Ratio
VWO
1.03
Winner
IEFA
1.27
5Y Beta
Winner
VWO
0.74
IEFA
0.75
5Y Dividends CAGR
VWO
9.54%
Winner
IEFA
14.65%
VWO vs IEFA - Holdings Comparison
VWO and IEFA have 0 common holdings. Overlap is 0.00%
VWO's top 25 holdings weight is 1.68%. IEFA's top 25 holdings weight is 21.23%.
| Rank | VWO | IEFA |
|---|---|---|
| #1 | PDD HOLDINGS INC ADR (PDD) - 0.79% | ASML HOLDING NV (n/a) - 2.25% |
| #2 | YUM CHINA HOLDINGS INC (YUMC) - 0.20% | ASTRAZENECA PLC (AZN:XLON) - 1.22% |
| #3 | ANGLOGOLD ASHANTI PLC (AU) - 0.13% | NOVARTIS AG REGISTERED SHARES (n/a) - 1.19% |
| #4 | KE HOLDINGS INC ADR (BEKE) - 0.13% | ROCHE HOLDING AG ORDINARY SHARES NEW (n/a) - 1.16% |
| #5 | TENCENT MUSIC ENTERTAINMENT GROUP ADR (TME) - 0.10% | HSBC HOLDINGS PLC (n/a) - 1.16% |
| #6 | FULL TRUCK ALLIANCE CO LTD ADR (YMM) - 0.09% | SHELL PLC (n/a) - 1.09% |
| #7 | KANZHUN LTD ADR (BZ) - 0.06% | NESTLE SA (n/a) - 1.04% |
| #8 | ITAU UNIBANCO HOLDING SA ADR (ITUB) - 0.05% | COMMONWEALTH BANK OF AUSTRALIA (n/a) - 0.87% |
| #9 | CHUNGHWA TELECOM CO LTD ADR (CHT) - 0.04% | TOYOTA MOTOR CORP (n/a) - 0.83% |
| #10 | BANCOLOMBIA SA ADR (CIB) - 0.03% | SIEMENS AG (n/a) - 0.79% |
| #11 | DR REDDY'S LABORATORIES LTD ADR (RDY) - 0.03% | SAP SE (n/a) - 0.79% |
| #12 | STATE BANK OF INDIA DR (SBKFF) - 0.03% | MITSUBISHI UFJ FINANCIAL GROUP INC (n/a) - 0.78% |
| #13 | N/A | TOTALENERGIES SE (TTE) - 0.75% |
| #14 | N/A | BHP GROUP LTD (n/a) - 0.71% |
| #15 | N/A | BANCO SANTANDER SA (n/a) - 0.70% |
| #16 | N/A | ALLIANZ SE (n/a) - 0.66% |
| #17 | N/A | SCHNEIDER ELECTRIC SE (n/a) - 0.66% |
| #18 | N/A | IBERDROLA SA (n/a) - 0.61% |
| #19 | N/A | HITACHI LTD (n/a) - 0.59% |
| #20 | N/A | ROLLS-ROYCE HOLDINGS PLC (n/a) - 0.57% |
| #21 | N/A | LVMH MOET HENNESSY LOUIS VUITTON SE (n/a) - 0.57% |
| #22 | N/A | DEUTSCHE TELEKOM AG (n/a) - 0.57% |
| #23 | N/A | SIEMENS ENERGY AG ORDINARY SHARES (n/a) - 0.56% |
| #24 | N/A | UNILEVER PLC (n/a) - 0.56% |
| #25 | N/A | ABB LTD (n/a) - 0.55% |
| Total Holdings | 12 | 2324 |
VWO vs IEFA - Historical Returns
Returns include dividend reinvestment.
1M
VWO
-0.18%
Winner
IEFA
+1.71%
3M
VWO
-1.19%
Winner
IEFA
+3.78%
6M
VWO
+4.84%
Winner
IEFA
+6.23%
1Y
VWO
+22.10%
Winner
IEFA
+24.23%
5Y(CAGR)
VWO
+6.45%
Winner
IEFA
+9.10%
10Y(CAGR)
VWO
+7.85%
Winner
IEFA
+9.67%
Max(CAGR)
VWO
+6.92%
Winner
IEFA
+8.66%
VWO vs IEFA - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | VWO | IEFA |
|---|---|---|
| 2026 | +9.28% | +12.47% |
| 2025 | +25.92% | +32.36% |
| 2024 | +11.89% | +4.43% |
| 2023 | +8.10% | +16.98% |
| 2022 | -18.57% | -15.69% |
| 2021 | +0.83% | +11.01% |
| 2020 | +12.51% | +7.04% |
| 2019 | +20.22% | +23.07% |
| 2018 | -16.21% | -14.75% |
| 2017 | +30.06% | +25.84% |
| 2016 | +15.49% | +3.10% |
| 2015 | -14.83% | +0.93% |
| 2014 | +3.56% | -4.57% |
| 2013 | -6.87% | +20.53% |
| 2012 | +15.81% | +7.32% |
| 2011 | -19.55% | N/A |
| 2010 | +15.52% | N/A |
| 2009 | +67.34% | N/A |
| 2008 | -52.35% | N/A |
| 2007 | +36.37% | N/A |
| 2006 | +25.21% | N/A |
| 2005 | +23.53% | N/A |
VWO vs IEFA Drawdown Comparison
The maximum drawdown for VWO was -67.69%, occurring on Nov 20, 2008. Recovery took 2482 trading sessions.
The maximum drawdown for IEFA was -34.78%, occurring on Mar 23, 2020. Recovery took 707 trading sessions.
The current VWO drawdown is -2.09%. The current IEFA drawdown is -0.05%.
| Rank | VWO | IEFA |
|---|---|---|
| #1 | -67.69% Oct 31, 2007 - Sep 11, 2017 | -34.78% Jan 26, 2018 - Nov 16, 2020 |
| #2 | -36.39% Jan 26, 2018 - Nov 16, 2020 | -30.37% Sep 3, 2021 - Mar 1, 2024 |
| #3 | -34.30% Feb 17, 2021 - Jun 26, 2025 | -22.07% May 15, 2015 - Apr 25, 2017 |
| #4 | -25.99% May 9, 2006 - Dec 4, 2006 | -14.42% Jul 3, 2014 - May 14, 2015 |
| #5 | -18.05% Jul 23, 2007 - Sep 21, 2007 | -13.76% Mar 19, 2025 - Apr 29, 2025 |
| #6 | -11.61% Feb 22, 2007 - Apr 3, 2007 | -11.50% Feb 25, 2026 - Jun 16, 2026 |
| #7 | -11.17% Feb 25, 2026 - Apr 17, 2026 | -10.26% Sep 26, 2024 - Mar 5, 2025 |
| #8 | -11.00% Sep 30, 2005 - Nov 18, 2005 | -10.06% May 21, 2013 - Sep 10, 2013 |
| #9 | -9.79% Mar 10, 2005 - Jul 11, 2005 | -7.44% Jul 12, 2024 - Aug 21, 2024 |
| #10 | -7.05% Jun 22, 2026 - Jul 29, 2026 | -6.74% Jan 21, 2014 - Feb 24, 2014 |
| #11 | -6.63% Feb 1, 2006 - Apr 3, 2006 | -5.36% Nov 12, 2025 - Dec 10, 2025 |
| #12 | -5.67% Jun 2, 2026 - Jun 22, 2026 | -5.31% Jun 15, 2021 - Aug 13, 2021 |
| #13 | -5.39% Jan 3, 2007 - Jan 24, 2007 | -4.92% Mar 27, 2024 - May 9, 2024 |
| #14 | -4.98% Jan 21, 2021 - Feb 5, 2021 | -4.46% Jul 23, 2025 - Aug 13, 2025 |
| #15 | -4.95% Oct 18, 2007 - Oct 26, 2007 | -4.42% Jan 8, 2021 - Feb 9, 2021 |
Correlation
Correlation between VWO and IEFA is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
0.96
-101
Dividend Comparison (2005 - 2026)
VWO vs IEFA dividend yield comparison.
| Year | VWO | IEFA |
|---|---|---|
| 2026 | 0.12% | 1.58% |
| 2025 | 2.79% | 3.55% |
| 2024 | 3.20% | 3.47% |
| 2023 | 3.52% | 3.20% |
| 2022 | 4.11% | 2.70% |
| 2021 | 2.63% | 3.32% |
| 2020 | 1.91% | 1.90% |
| 2019 | 3.23% | 3.18% |
| 2018 | 2.88% | 3.46% |
| 2017 | 2.30% | 2.57% |
| 2016 | 2.52% | 2.96% |
| 2015 | 3.26% | 2.63% |
| 2014 | 2.86% | 3.10% |
| 2013 | 2.73% | 2.17% |
| 2012 | 2.19% | 0.34% |
| 2011 | 2.37% | 0.00% |
| 2010 | 1.69% | 0.00% |
| 2009 | 1.33% | 0.00% |
| 2008 | 5.00% | 0.00% |
| 2007 | 1.89% | 0.00% |
| 2006 | 1.73% | 0.00% |
| 2005 | 1.77% | 0.00% |
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