VWO vs SPEM
Comparison between VANGUARD EMERGING MARKETS STOCK INDEX FUND ETF SHARES (VWO, ETF) and STATE STREET(R) SPDR(R) PORTFOLIO EMERGING MARKETS ETF (SPEM, ETF).
5-Year PerformanceSPEM has outperformed VWO, delivering a return of +4.8% compared to +4.4%
VWO vs SPEM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
VWO
$160B
SPEM
$17B
Expense Ratio
Winner
VWO
0.06%
SPEM
0.07%
Max Drawdown
VWO
68.28%
Winner
SPEM
65.07%
Sharpe Ratio
VWO
1.20
Winner
SPEM
1.22
5Y Beta
Winner
VWO
0.72
SPEM
0.72
5Y Dividends CAGR
Winner
VWO
16.14%
SPEM
4.52%
VWO vs SPEM - Holdings Comparison
VWO and SPEM have 9 common holdings. Overlap is 1.20%
VWO's top 25 holdings weight is 1.68%. SPEM's top 25 holdings weight is 31.81%.
| Rank | VWO | SPEM |
|---|---|---|
| #1 | PDD HOLDINGS INC ADR (PDD) - 0.79% | n/a (n/a) - 11.97% |
| #2 | YUM CHINA HOLDINGS INC (YUMC) - 0.20% | TENCENT HOLDINGS LTD (n/a) - 3.43% |
| #3 | ANGLOGOLD ASHANTI PLC (AU) - 0.13% | n/a (n/a) - 2.49% |
| #4 | KE HOLDINGS INC ADR (BEKE) - 0.13% | RELIANCE INDUSTRIES LTD GDR 144A (RLNIY) - 0.97% |
| #5 | TENCENT MUSIC ENTERTAINMENT GROUP ADR (TME) - 0.10% | DELTA ELECTRONICS INC (n/a) - 0.94% |
| #6 | FULL TRUCK ALLIANCE CO LTD ADR (YMM) - 0.09% | CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.93% |
| #7 | KANZHUN LTD ADR (BZ) - 0.06% | HDFC BANK LTD (n/a) - 0.88% |
| #8 | ITAU UNIBANCO HOLDING SA ADR (ITUB) - 0.05% | MEDIATEK INC (n/a) - 0.79% |
| #9 | CHUNGHWA TELECOM CO LTD ADR (CHT) - 0.04% | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.77% |
| #10 | BANCOLOMBIA SA ADR (CIB) - 0.03% | ICICI BANK LTD ADR (IBN) - 0.70% |
| #11 | DR REDDY'S LABORATORIES LTD ADR (RDY) - 0.03% | PDD HOLDINGS INC ADR (PDD) - 0.67% |
| #12 | STATE BANK OF INDIA DR (SBKFF) - 0.03% | PETROLEO BRASILEIRO SA PETROBRAS ADR (PBR-A) - 0.66% |
| #13 | N/A | n/a (n/a) - 0.66% |
| #14 | N/A | XIAOMI CORP CLASS B (n/a) - 0.60% |
| #15 | N/A | BHARTI AIRTEL LTD (n/a) - 0.57% |
| #16 | N/A | AL RAJHI BANK (n/a) - 0.53% |
| #17 | N/A | n/a (n/a) - 0.52% |
| #18 | N/A | VALE SA ADR (VALE) - 0.50% |
| #19 | N/A | n/a (n/a) - 0.48% |
| #20 | N/A | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 0.47% |
| #21 | N/A | INFOSYS LTD ADR (INFY) - 0.47% |
| #22 | N/A | CTBC FINANCIAL HOLDING CO LTD (n/a) - 0.46% |
| #23 | N/A | BANK OF CHINA LTD CLASS H (n/a) - 0.46% |
| #24 | N/A | MEITUAN CLASS B (n/a) - 0.46% |
| #25 | N/A | NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 0.43% |
| Total Holdings | 12 | 2547 |
VWO vs SPEM - Historical Returns
Returns include dividend reinvestment.
1M
VWO
-2.24%
Winner
SPEM
-2.13%
3M
VWO
+5.80%
Winner
SPEM
+5.89%
6M
VWO
+8.75%
Winner
SPEM
+8.92%
1Y
VWO
+24.17%
Winner
SPEM
+24.46%
5Y(CAGR)
VWO
+4.36%
Winner
SPEM
+4.84%
10Y(CAGR)
VWO
+8.35%
Winner
SPEM
+8.92%
Max(CAGR)
Winner
VWO
+6.80%
SPEM
+5.48%
VWO vs SPEM - Annual Returns (2005 - 2026)
Returns include dividend reinvestment.
| Year | VWO | SPEM |
|---|---|---|
| 2026 | +5.64% | +5.73% |
| 2025 | +25.92% | +26.06% |
| 2024 | +11.89% | +12.77% |
| 2023 | +8.10% | +9.34% |
| 2022 | -18.57% | -18.38% |
| 2021 | +0.83% | +0.94% |
| 2020 | +12.51% | +12.23% |
| 2019 | +20.22% | +19.24% |
| 2018 | -16.21% | -15.13% |
| 2017 | +30.06% | +33.44% |
| 2016 | +15.49% | +14.74% |
| 2015 | -14.83% | -14.68% |
| 2014 | +3.56% | +1.97% |
| 2013 | -6.87% | -3.47% |
| 2012 | +15.81% | +14.83% |
| 2011 | -19.55% | -19.79% |
| 2010 | +15.52% | +15.47% |
| 2009 | +67.34% | +65.42% |
| 2008 | -52.35% | -48.76% |
| 2007 | +36.37% | +36.13% |
| 2006 | +25.21% | N/A |
| 2005 | +23.53% | N/A |
VWO vs SPEM Drawdown Comparison
The maximum drawdown for VWO was -67.69%, occurring on Nov 20, 2008. Recovery took 2482 trading sessions.
The maximum drawdown for SPEM was -64.42%, occurring on Nov 20, 2008. Recovery took 1721 trading sessions.
The current VWO drawdown is -5.16%. The current SPEM drawdown is -5.36%.
| Rank | VWO | SPEM |
|---|---|---|
| #1 | -67.69% Oct 31, 2007 - Sep 11, 2017 | -64.42% Oct 31, 2007 - Sep 3, 2014 |
| #2 | -36.39% Jan 26, 2018 - Nov 16, 2020 | -36.05% Jan 26, 2018 - Nov 9, 2020 |
| #3 | -34.30% Feb 17, 2021 - Jun 26, 2025 | -34.89% Sep 5, 2014 - Jul 12, 2017 |
| #4 | -25.99% May 9, 2006 - Dec 4, 2006 | -33.40% Feb 17, 2021 - Oct 7, 2024 |
| #5 | -18.05% Jul 23, 2007 - Sep 21, 2007 | -17.89% Jul 23, 2007 - Sep 19, 2007 |
| #6 | -11.61% Feb 22, 2007 - Apr 3, 2007 | -17.63% Oct 7, 2024 - Jun 9, 2025 |
| #7 | -11.17% Feb 25, 2026 - Apr 17, 2026 | -11.36% Feb 25, 2026 - Apr 17, 2026 |
| #8 | -11.00% Sep 30, 2005 - Nov 18, 2005 | -5.36% Jun 2, 2026 - Jun 5, 2026 |
| #9 | -9.79% Mar 10, 2005 - Jul 11, 2005 | -5.02% Jan 20, 2021 - Feb 5, 2021 |
| #10 | -6.63% Feb 1, 2006 - Apr 3, 2006 | -4.86% Oct 29, 2025 - Jan 2, 2026 |
| #11 | -5.39% Jan 3, 2007 - Jan 24, 2007 | -4.56% May 6, 2026 - Jun 2, 2026 |
| #12 | -5.16% Jun 2, 2026 - Jun 5, 2026 | -4.38% Oct 8, 2025 - Oct 20, 2025 |
| #13 | -4.98% Jan 21, 2021 - Feb 5, 2021 | -4.30% Nov 22, 2017 - Dec 28, 2017 |
| #14 | -4.95% Oct 18, 2007 - Oct 26, 2007 | -4.11% Oct 18, 2007 - Oct 26, 2007 |
| #15 | -4.84% Oct 29, 2025 - Jan 2, 2026 | -3.46% Sep 19, 2017 - Oct 13, 2017 |
Correlation
Correlation between VWO and SPEM is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (2005 - 2025)
VWO vs SPEM dividend yield comparison.
| Year | VWO | SPEM |
|---|---|---|
| 2025 | 2.79% | 2.77% |
| 2024 | 3.20% | 2.78% |
| 2023 | 3.52% | 2.80% |
| 2022 | 4.11% | 3.38% |
| 2021 | 2.63% | 3.14% |
| 2020 | 1.91% | 1.92% |
| 2019 | 3.23% | 2.94% |
| 2018 | 2.88% | 2.34% |
| 2017 | 2.30% | 1.12% |
| 2016 | 2.52% | 1.52% |
| 2015 | 3.26% | 2.40% |
| 2014 | 2.86% | 2.26% |
| 2013 | 2.73% | 1.91% |
| 2012 | 2.19% | 1.99% |
| 2011 | 2.37% | 3.64% |
| 2010 | 1.69% | 2.32% |
| 2009 | 1.33% | 0.71% |
| 2008 | 5.00% | 3.69% |
| 2007 | 1.89% | 1.82% |
| 2006 | 1.73% | 0.00% |
| 2005 | 1.77% | 0.00% |
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