VWO vs IEMG
Comparison between VANGUARD EMERGING MARKETS STOCK INDEX FUND ETF SHARES (VWO, ETF) and ISHARES CORE MSCI EMERGING MARKETS ETF (IEMG, ETF).
5-Year PerformanceIEMG has outperformed VWO, delivering a return of +7.7% compared to +5.8%
VWO vs IEMG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
VWO
$146B
IEMG
$134B
Expense Ratio
Winner
VWO
0.06%
IEMG
0.09%
Max Drawdown
VWO
68.28%
Winner
IEMG
42.22%
Sharpe Ratio
VWO
1.80
Winner
IEMG
2.28
5Y Beta
Winner
VWO
0.70
IEMG
0.78
5Y Dividends CAGR
Winner
VWO
16.14%
IEMG
4.98%
VWO vs IEMG - Holdings Comparison
VWO and IEMG have 5 common holdings. Overlap is 1.22%
VWO's top 25 holdings weight is 1.68%. IEMG's top 25 holdings weight is 34.77%.
| Rank | VWO | IEMG |
|---|---|---|
| #1 | PDD HOLDINGS INC ADR (PDD) - 0.79% | n/a (n/a) - 10.20% |
| #2 | YUM CHINA HOLDINGS INC (YUMC) - 0.20% | TENCENT HOLDINGS LTD (n/a) - 4.40% |
| #3 | ANGLOGOLD ASHANTI PLC (AU) - 0.13% | n/a (n/a) - 2.99% |
| #4 | KE HOLDINGS INC ADR (BEKE) - 0.13% | SAMSUNG ELECTRONICS CO LTD (n/a) - 2.86% |
| #5 | TENCENT MUSIC ENTERTAINMENT GROUP ADR (TME) - 0.10% | SK HYNIX INC (n/a) - 1.57% |
| #6 | FULL TRUCK ALLIANCE CO LTD ADR (YMM) - 0.09% | HDFC BANK LTD (n/a) - 1.14% |
| #7 | KANZHUN LTD ADR (BZ) - 0.06% | XIAOMI CORP CLASS B (n/a) - 0.89% |
| #8 | ITAU UNIBANCO HOLDING SA ADR (ITUB) - 0.05% | RELIANCE INDUSTRIES LTD (n/a) - 0.86% |
| #9 | CHUNGHWA TELECOM CO LTD ADR (CHT) - 0.04% | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.83% |
| #10 | BANCOLOMBIA SA ADR (CIB) - 0.03% | BLACKROCK CASH FUNDS TREASURY SL AGENCY (n/a) - 0.81% |
| #11 | DR REDDY'S LABORATORIES LTD ADR (RDY) - 0.03% | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.81% |
| #12 | STATE BANK OF INDIA DR (SBKFF) - 0.03% | PDD HOLDINGS INC ADR (PDD) - 0.80% |
| #13 | N/A | ICICI BANK LTD (n/a) - 0.76% |
| #14 | N/A | MEDIATEK INC (n/a) - 0.58% |
| #15 | N/A | DELTA ELECTRONICS INC (n/a) - 0.55% |
| #16 | N/A | MEITUAN CLASS B (n/a) - 0.53% |
| #17 | N/A | BHARTI AIRTEL LTD (n/a) - 0.52% |
| #18 | N/A | AL RAJHI BANK (n/a) - 0.50% |
| #19 | N/A | INFOSYS LTD (n/a) - 0.48% |
| #20 | N/A | NASPERS LTD CLASS N (n/a) - 0.47% |
| #21 | N/A | n/a (n/a) - 0.45% |
| #22 | N/A | NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 0.45% |
| #23 | N/A | n/a (n/a) - 0.45% |
| #24 | N/A | NETEASE INC ORDINARY SHARES (n/a) - 0.44% |
| #25 | N/A | BYD CO LTD CLASS H (n/a) - 0.43% |
| Total Holdings | 12 | 2350 |
VWO vs IEMG - Historical Returns
Returns include dividend reinvestment.
1M
VWO
+7.15%
Winner
IEMG
+11.96%
3M
VWO
+4.83%
Winner
IEMG
+11.81%
6M
VWO
+13.16%
Winner
IEMG
+25.52%
1Y
VWO
+35.49%
Winner
IEMG
+54.94%
5Y(CAGR)
VWO
+5.83%
Winner
IEMG
+7.65%
10Y(CAGR)
VWO
+9.42%
Winner
IEMG
+10.66%
Max(CAGR)
Winner
VWO
+7.04%
IEMG
+6.74%
VWO vs IEMG - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | VWO | IEMG |
|---|---|---|
| 2026 | +10.21% | +20.30% |
| 2025 | +25.92% | +32.79% |
| 2024 | +11.89% | +7.85% |
| 2023 | +8.10% | +10.69% |
| 2022 | -18.57% | -20.43% |
| 2021 | +0.83% | -1.40% |
| 2020 | +12.51% | +15.50% |
| 2019 | +20.22% | +17.52% |
| 2018 | -16.21% | -16.54% |
| 2017 | +30.06% | +35.93% |
| 2016 | +15.49% | +13.16% |
| 2015 | -14.83% | -13.50% |
| 2014 | +3.56% | +0.05% |
| 2013 | -6.87% | -4.74% |
| 2012 | +15.81% | +8.51% |
| 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 IEMG Drawdown Comparison
The maximum drawdown for VWO was -67.69%, occurring on Nov 20, 2008. Recovery took 2482 trading sessions.
The maximum drawdown for IEMG was -38.72%, occurring on Mar 23, 2020. Recovery took 707 trading sessions.
The current VWO drawdown is -0.35%.
| Rank | VWO | IEMG |
|---|---|---|
| #1 | -67.69% Oct 31, 2007 - Sep 11, 2017 | -38.72% Jan 26, 2018 - Nov 16, 2020 |
| #2 | -36.39% Jan 26, 2018 - Nov 16, 2020 | -37.11% Feb 16, 2021 - Jul 17, 2025 |
| #3 | -34.30% Feb 17, 2021 - Jun 26, 2025 | -34.44% Sep 5, 2014 - Jul 12, 2017 |
| #4 | -25.99% May 9, 2006 - Dec 4, 2006 | -17.50% Jan 2, 2013 - Jun 10, 2014 |
| #5 | -18.05% Jul 23, 2007 - Sep 21, 2007 | -13.21% Feb 25, 2026 - Apr 17, 2026 |
| #6 | -11.61% Feb 22, 2007 - Apr 3, 2007 | -5.38% Jan 21, 2021 - Feb 8, 2021 |
| #7 | -11.17% Feb 25, 2026 - Apr 17, 2026 | -5.15% Oct 29, 2025 - Jan 2, 2026 |
| #8 | -11.00% Sep 30, 2005 - Nov 18, 2005 | -4.88% Nov 22, 2017 - Dec 29, 2017 |
| #9 | -9.79% Mar 10, 2005 - Jul 11, 2005 | -4.48% Oct 8, 2025 - Oct 20, 2025 |
| #10 | -6.63% Feb 1, 2006 - Apr 3, 2006 | -4.14% Nov 6, 2012 - Dec 5, 2012 |
| #11 | -5.39% Jan 3, 2007 - Jan 24, 2007 | -3.74% Jul 28, 2014 - Aug 19, 2014 |
| #12 | -4.98% Jan 21, 2021 - Feb 5, 2021 | -3.47% Jan 28, 2026 - Feb 11, 2026 |
| #13 | -4.95% Oct 18, 2007 - Oct 26, 2007 | -3.43% Jul 23, 2025 - Aug 12, 2025 |
| #14 | -4.84% Oct 29, 2025 - Jan 2, 2026 | -3.39% Aug 7, 2017 - Aug 23, 2017 |
| #15 | -4.81% Aug 11, 2005 - Sep 6, 2005 | -3.38% Sep 19, 2017 - Oct 10, 2017 |
Correlation
Correlation between VWO and IEMG is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (2005 - 2025)
VWO vs IEMG dividend yield comparison.
| Year | VWO | IEMG |
|---|---|---|
| 2025 | 2.79% | 2.75% |
| 2024 | 3.20% | 3.20% |
| 2023 | 3.52% | 2.89% |
| 2022 | 4.11% | 2.71% |
| 2021 | 2.63% | 3.06% |
| 2020 | 1.91% | 1.87% |
| 2019 | 3.23% | 3.15% |
| 2018 | 2.88% | 2.76% |
| 2017 | 2.30% | 2.35% |
| 2016 | 2.52% | 2.28% |
| 2015 | 3.26% | 2.53% |
| 2014 | 2.86% | 2.30% |
| 2013 | 2.73% | 1.76% |
| 2012 | 2.19% | 0.23% |
| 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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