Vanguard FTSE Emerging Markets ETF (VWO)
Market Price (5/22/2026): $58.72
Vanguard FTSE Emerging Markets ETF (VWO)
Market Price (5/22/2026): $58.72
Asset Allocation with VWO
Valuation & Yield
| 5/22/26 | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Share Price CYE | $58.70 | $53.76 | $42.80 | $38.70 | $35.42 | $43.19 |
| Dividend/Share TTM | $1.45 | $1.50 | $1.41 | $1.45 | $1.60 | $1.30 |
Valuation [1] | ||||||
| P/S TTM | 1.40 | 1.42 | 1.59 | 1.80 | 1.22 | 1.72 |
| P/E TTM | 24.07 | 24.90 | 20.08 | 15.50 | 6.50 | 13.87 |
Yields TTM | ||||||
| Earnings Yield | 4.15% | 4.02% | 4.98% | 6.45% | 15.38% | 7.21% |
| Dividend Yield | 2.47% | 2.79% | 3.29% | 3.74% | 4.53% | 3.01% |
| Total Yield (TY) | 6.63% | 6.80% | 8.27% | 10.19% | 19.91% | 10.22% |
Risk Premium [2] | ||||||
| Risk Free Rate (Rf) | 4.57% | 4.18% | 4.58% | 3.88% | 3.88% | 1.52% |
| Risk Prem. (TY - Rf) | 2.06% | 2.62% | 3.69% | 6.31% | 16.03% | 8.70% |
[1] P/E uses aggregate method (profitable constituents only); P/S uses all constituents. Ratios reflect current ETF holdings at current weights.
[2] The premium above the risk free rate (US 10Y) offered by the investment. Negative premiums can indicate stretched valuations.
Top 20 Holdings for VWO
Total Weights Top 5: 18.7% | Top 10: 21.0% | Top 20: 21.0%
| Ticker | Holding | Weight |
|---|---|---|
| 2330.TW | Taiwan Semiconductor Manufacturing Company Limited | 13.51% |
| 0700.HK | Tencent Holdings | 3.01% |
| null | N/A | 0.46% |
| 2454.TW | MediaTek | 0.98% |
| 0939.HK | China Construction Bank | 0.79% |
| 2317.TW | Hon Hai | 0.69% |
| PDD | PDD | 0.61% |
| 1398.HK | Industrial & Commercial Bank of China | 0.57% |
| 2318.HK | Ping An Insurance Group Co of China | 0.42% |
Performance for VWO Top Holdings
| Ticker | Holding | Weight | Mkt Price5/21 | 1D Rtn | 1M Rtn | YTD Rtn | 1Y Rtn | 3Y Rtn | 5Y Rtn | 10Y Rtn |
|---|---|---|---|---|---|---|---|---|---|---|
| VWO | Vanguard FTSE Emerging Markets ETF | 100.00% | 58.70 | 0.1% | 0.9% | 9.2% | 26.5% | 60.8% | 32.3% | 140.1% |
| 2330.TW | Taiwan Semiconductor Manufacturing Company Limited | 13.51% | ||||||||
| 0700.HK | Tencent Holdings | 3.01% | ||||||||
| null | N/A | 0.46% | ||||||||
| 2454.TW | MediaTek | 0.98% | ||||||||
| 0939.HK | China Construction Bank | 0.79% | ||||||||
| 2317.TW | Hon Hai | 0.69% | ||||||||
| PDD | PDD | 0.61% | 97.79 | -0.4% | -1.2% | -13.8% | -15.8% | 55.1% | -24.4% | |
| 1398.HK | Industrial & Commercial Bank of China | 0.57% | ||||||||
| 2318.HK | Ping An Insurance Group Co of China | 0.42% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VWO Return | 1% | -18% | 9% | 11% | 26% | 9% | 38% |
| Peers Return | 2% | -19% | 10% | 9% | 27% | 14% | 44% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| VWO Win Rate | 67% | 25% | 50% | 67% | 83% | 60% | |
| Peers Win Rate | 68% | 23% | 52% | 65% | 87% | 68% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| VWO Max Drawdown | -13% | -29% | -12% | -9% | -15% | -11% | |
| Peers Max Drawdown | -14% | -31% | -12% | -10% | -15% | -12% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: IEMG, EEM, SPEM, SCHE, FNDE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)
Sharpe Ratios Compared
One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.
Results as of 4302026.How Low Can It Go
| Event | VWO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -13.1% | -18.8% |
| % Gain to Breakeven | 15.1% | 23.1% |
| Time to Breakeven | 24 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -27.4% | -24.5% |
| % Gain to Breakeven | 37.7% | 32.4% |
| Time to Breakeven | 701 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.6% | -33.7% |
| % Gain to Breakeven | 44.1% | 50.9% |
| Time to Breakeven | 128 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.2% | -12.2% |
| % Gain to Breakeven | 25.3% | 13.9% |
| Time to Breakeven | 90 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -34.3% | -6.8% |
| % Gain to Breakeven | 52.1% | 7.3% |
| Time to Breakeven | 540 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -14.6% | -0.2% |
| % Gain to Breakeven | 17.0% | 0.2% |
| Time to Breakeven | 86 days | 1 days |
In The Past
Vanguard FTSE Emerging Markets ETF's stock fell -13.1% during the 2025 US Tariff Shock. Such a loss loss requires a 15.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | VWO | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -27.4% | -24.5% |
| % Gain to Breakeven | 37.7% | 32.4% |
| Time to Breakeven | 701 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -30.6% | -33.7% |
| % Gain to Breakeven | 44.1% | 50.9% |
| Time to Breakeven | 128 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.2% | -12.2% |
| % Gain to Breakeven | 25.3% | 13.9% |
| Time to Breakeven | 90 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -34.3% | -6.8% |
| % Gain to Breakeven | 52.1% | 7.3% |
| Time to Breakeven | 540 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -27.7% | -17.9% |
| % Gain to Breakeven | 38.3% | 21.8% |
| Time to Breakeven | 1023 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -65.3% | -53.4% |
| % Gain to Breakeven | 188.3% | 114.4% |
| Time to Breakeven | 862 days | 1085 days |
In The Past
Vanguard FTSE Emerging Markets ETF's stock fell -13.1% during the 2025 US Tariff Shock. Such a loss loss requires a 15.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Current Dip Buy Opportunities Across ETFs
ETFs currently down 5% or more from trailing 6M peaks.
| Ticker | Name | Dip % | Mkt Price | Price Date | Peak Price | Peak Date | # Days |
|---|---|---|---|---|---|---|---|
| NOBL | ProShares S&P 500 Dividend Aristocrats ETF | -5.9% | 107.32 | 5212026 | 114.03 | 3012026 | 81 |
| JEPI | JPMorgan Equity Premium Income ETF | -5.1% | 56.08 | 5212026 | 59.09 | 3012026 | 81 |
| ARKK | ARK Innovation ETF | -7.9% | 76.62 | 5212026 | 83.21 | 1132026 | 128 |
| URA | Global X Uranium ETF | -21.0% | 48.86 | 5212026 | 61.81 | 1282026 | 113 |
| LIT | Global X Lithium & Battery Tech ETF | -7.9% | 84.38 | 5212026 | 91.62 | 5112026 | 10 |
| CGBL | Capital Group Core Balanced ETF | -6.2% | 34.41 | 5212026 | 36.67 | 2252026 | 85 |
| XLF | State Street Financial Select Sector SPDR ETF | -7.8% | 51.73 | 5212026 | 56.11 | 1062026 | 135 |
| XLV | State Street Health Care Select Sector SPDR ETF | -7.1% | 148.15 | 5212026 | 159.54 | 3012026 | 81 |
| XLE | State Street Energy Select Sector SPDR ETF | -5.5% | 59.13 | 5212026 | 62.56 | 3292026 | 53 |
| XLP | State Street Consumer Staples Select Sector SPDR ETF | -5.4% | 84.66 | 5212026 | 89.51 | 3012026 | 81 |
| XLU | State Street Utilities Select Sector SPDR ETF | -5.1% | 45.00 | 5212026 | 47.40 | 3012026 | 81 |
| XLB | State Street Materials Select Sector SPDR ETF | -6.3% | 50.02 | 5212026 | 53.38 | 2112026 | 99 |
| ITA | iShares U.S. Aerospace & Defense ETF | -10.9% | 223.15 | 5212026 | 250.42 | 3022026 | 80 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | -9.3% | 170.65 | 5212026 | 188.18 | 3292026 | 53 |
| TLT | iShares 20+ Year Treasury Bond ETF | -6.6% | 84.22 | 5212026 | 90.16 | 3012026 | 81 |
| VGLT | Vanguard Long-Term Treasury ETF | -5.7% | 53.91 | 5212026 | 57.20 | 3012026 | 81 |
| SPTL | State Street SPDR Portfolio Long Term Treasury ETF | -6.1% | 25.61 | 5212026 | 27.28 | 3012026 | 81 |
| TLH | iShares 10-20 Year Treasury Bond ETF | -5.7% | 98.34 | 5212026 | 104.25 | 3012026 | 81 |
| EDV | Vanguard World Funds Extended Duration ETF | -9.1% | 62.11 | 5212026 | 68.33 | 3012026 | 81 |
| GSG | iShares GSCI Commodity | -5.8% | 30.01 | 5212026 | 31.85 | 3182026 | 64 |
| GLD | SPDR Gold Trust | -15.9% | 416.99 | 5212026 | 495.90 | 1292026 | 112 |
| IAU | iShares Gold Trust | -15.9% | 85.43 | 5212026 | 101.57 | 1292026 | 112 |
| GLDM | SPDR Gold MiniShares Trust | -15.8% | 89.87 | 5212026 | 106.77 | 1292026 | 112 |
| SGOL | ETFS Physical Swiss Gold Shares | -13.1% | 44.66 | 5212026 | 51.41 | 1292026 | 112 |
| BAR | Direxion Daily Gold Bull 3X Shares | -16.6% | 44.34 | 5212026 | 53.16 | 1292026 | 112 |
| SLV | iShares Silver Trust | -34.2% | 69.45 | 5212026 | 105.60 | 1282026 | 113 |
| SIVR | ETFS Physical Silver Shares Trust ETF | -24.8% | 83.39 | 5212026 | 110.87 | 1282026 | 113 |
| PPLT | ETFS Physical Platinum Shares | -29.3% | 17.84 | 5212026 | 25.23 | 1252026 | 116 |
| CPER | United States Copper Index Fund ETV | -13.9% | 33.33 | 5212026 | 38.71 | 1292026 | 112 |
| PALL | ETFS Physical Palladium Shares | -32.2% | 25.22 | 5212026 | 37.18 | 1282026 | 113 |
| USO | United States Oil Fund LP | -6.8% | 142.54 | 5212026 | 152.96 | 5192026 | 2 |
| UNG | United States Natural Gas Fund LP | -33.0% | 11.33 | 5212026 | 16.90 | 2012026 | 109 |
| BNO | United States Brent Oil Fund LP ETV | -7.1% | 55.85 | 5212026 | 60.13 | 5042026 | 17 |
| IBIT | iShares Bitcoin Trust ETF | -20.6% | 44.00 | 5212026 | 55.44 | 1142026 | 127 |
| FBTC | Fidelity Wise Origin Bitcoin Fund | -20.6% | 67.56 | 5212026 | 85.12 | 1142026 | 127 |
| GBTC | Grayscale Bitcoin Trust ETF | -19.0% | 61.84 | 5212026 | 76.31 | 1142026 | 127 |
| ETHA | iShares Ethereum Trust ETF | -36.9% | 16.15 | 5212026 | 25.59 | 1142026 | 127 |
About VWO
| Holdings Count: 5942Expense Ratio: 0.06%Inception Date: 2005-03-04 | Vanguard FTSE Emerging Markets ETFInvests in stocks of companies located in emerging markets around the world, such as China, Brazil, Taiwan, and South Africa.Goal is to closely track the return of the FTSE Emerging Markets All Cap China A Inclusion Index.Has high potential for growth, but also high risk; share value may swing up and down more than that of stock funds that invest in developed countries, including the United States.Only appropriate for long-term goals.With respect to 75% of its total assets, the fund may not: (1) purchase more than 10% of the outstanding voting securities of any one issuer or (2) purchase securities of any issuer if, as a result, more than 5% of the fund’s total assets would be invested in that issuer’s securities; except as may be necessary to approximate the composition of its target index. This limitation does not apply to obligations of the U.S. government or its agencies or instrumentalities.Asset Class: Emerging Markets Equity | ETF Website |
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