- ISIN
- US9220428588
- CUSIP
- 922042858
- Issuer
- Vanguard
- Inception Date
- Mar 4, 2005
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- FTSE Emerging Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $160B
Share Price Chart
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Performance
VWO Performance Chart
Vanguard FTSE Emerging Markets ETF (VWO) is up 10.8% since the beginning of the year. VWO is currently trading at $60 per share. Investors who bought $1,000 worth of VWO shares 5 years ago would now be looking at an investment worth $1,278.
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Returns By Period
Vanguard FTSE Emerging Markets ETF (VWO) has returned 10.77% so far this year and 24.61% over the past 12 months. Over the last ten years, VWO has returned 9.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
Vanguard FTSE Emerging Markets ETF
- 1D
- 0.76%
- 1M
- -0.65%
- YTD
- 10.77%
- 6M
- 12.57%
- 1Y
- 24.61%
- 3Y*
- 16.61%
- 5Y*
- 5.03%
- 10Y*
- 9.00%
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- -0.17%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 22.93%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
VWO Monthly Returns History
Based on dividend-adjusted daily data since Mar 10, 2005, VWO's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 56% of months were positive and 44% were negative. The best month was May 2009 with a return of +17.9%, while the worst month was Oct 2008 at -27.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, VWO closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +20.3%, while the worst single day was Oct 15, 2008 at -15.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.04% | 2.89% | -6.97% | 9.03% | 1.61% | -0.55% | 10.77% | ||||||
| 2025 | 0.82% | 0.74% | 1.29% | -0.02% | 3.87% | 5.54% | 0.69% | 3.47% | 5.69% | 1.46% | -1.22% | 0.95% | 25.60% |
| 2024 | -3.55% | 3.48% | 1.92% | 0.96% | 2.16% | 1.97% | 1.21% | 0.97% | 7.32% | -2.68% | -2.15% | -1.03% | 10.59% |
| 2023 | 8.34% | -6.65% | 2.56% | -0.40% | -2.96% | 4.74% | 5.88% | -5.90% | -2.47% | -3.24% | 7.09% | 3.33% | 9.25% |
| 2022 | 0.42% | -3.72% | -3.26% | -5.83% | 0.46% | -3.85% | -0.79% | -0.46% | -10.08% | -2.85% | 14.30% | -2.23% | -17.98% |
| 2021 | 3.13% | 1.57% | -0.71% | 1.79% | 1.70% | 1.33% | -5.89% | 2.19% | -3.36% | 1.30% | -2.90% | 1.54% | 1.26% |
Benchmark Metrics
Vanguard FTSE Emerging Markets ETF has an annualized alpha of -1.48%, beta of 1.12, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since March 10, 2005.
- This ETF participated in 100.52% of S&P 500 Index downside but only 91.54% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.12 and R2 of 0.67, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.48%
- Beta
- 1.12
- R²
- 0.67
- Upside Capture
- 91.54%
- Downside Capture
- 100.52%
Expense Ratio
VWO has an expense ratio of 0.08%, which is considered low.
Return for Risk
Risk / Return Rank
VWO ranks 49 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VWO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.34 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.53 | -0.32 |
| Martin ratioReturn relative to average drawdown | 7.80 | 11.37 | -3.57 |
Dividends
Dividend History
Vanguard FTSE Emerging Markets ETF provided a 2.44% dividend yield over the last twelve months, with an annual payout of $1.45 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.45 | $1.50 | $1.41 | $1.45 | $1.60 | $1.30 | $0.95 | $1.44 | $1.10 | $1.06 | $0.90 | $1.07 |
Dividend yield | 2.44% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard FTSE Emerging Markets ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $1.03 | $1.50 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $1.07 | $1.41 |
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.33 | $0.00 | $0.00 | $0.86 | $1.45 |
| 2022 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.53 | $0.00 | $0.00 | $0.63 | $1.60 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.48 | $1.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard FTSE Emerging Markets ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard FTSE Emerging Markets ETF was 67.68%, occurring on Nov 20, 2008. Recovery took 2215 trading sessions.
The current Vanguard FTSE Emerging Markets ETF drawdown is 2.68%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -67.68%Nov 2008 | 1y 20d | 8y 9mo | 9y 10moNov 2007 - Sep 2017 |
COVID crash2020 | -36.39%Mar 2020 | 2y 1mo | 7mo 28d | 2y 9moJan 2018 - Nov 2020 |
Bear market2022 | -34.32%Oct 2022 | 1y 8mo | 2y 8mo | 4y 4moFeb 2021 - Jun 2025 |
2006 bear market2006 | -25.99%Jun 2006 | 1mo 4d | 5mo 24d | 6mo 28dMay 2006 - Dec 2006 |
2007 correction2007 | -18.05%Aug 2007 | 23d | 1mo 6d | 1mo 29dJul 2007 - Sep 2007 |
Drawdown Indicators
| VWO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.68% | -56.78% | -10.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -9.10% | -2.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.37% | -18.90% | +1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -32.60% | -25.43% | -7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -36.39% | -33.92% | -2.47% |
Current DrawdownCurrent decline from peak | -2.68% | -2.34% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -15.80% | -10.72% | -5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.02% | +1.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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