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EEMO vs. VWO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EEMO vs. VWO

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P Emerging Markets Momentum ETF (EEMO) and Vanguard FTSE Emerging Markets ETF (VWO).

EEMO and VWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEMO is a passively managed fund by Invesco that tracks the performance of the S&P Momentum Emerging Plus LargeMidCap Index. It was launched on Feb 24, 2012. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005. Both EEMO and VWO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EEMO vs. VWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Emerging Markets Momentum ETF (EEMO) and Vanguard FTSE Emerging Markets ETF (VWO). The values are adjusted to include any dividend payments, if applicable.

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EEMO vs. VWO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EEMO
Invesco S&P Emerging Markets Momentum ETF		-1.44%10.99%9.88%13.90%-18.73%-5.57%9.66%21.17%-17.24%49.65%
VWO
Vanguard FTSE Emerging Markets ETF		0.84%25.60%10.59%9.25%-17.98%1.26%15.17%20.75%-14.76%31.49%

Returns By Period

In the year-to-date period, EEMO achieves a -1.44% return, which is significantly lower than VWO's 0.84% return. Over the past 10 years, EEMO has underperformed VWO with an annualized return of 5.35%, while VWO has yielded a comparatively higher 7.66% annualized return.

EEMO

1D
2.05%
1M
-5.39%
YTD
-1.44%
6M
-3.75%
1Y
17.85%
3Y*
12.43%
5Y*
0.26%
10Y*
5.35%

VWO

1D
0.30%
1M
-5.29%
YTD
0.84%
6M
1.39%
1Y
22.71%
3Y*
13.84%
5Y*
3.90%
10Y*
7.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P Emerging Markets Momentum ETF

Vanguard FTSE Emerging Markets ETF

Often compared with EEMO:
EEMO vs. IDMOEEMO vs. PIEEEMO vs. EEMEEMO vs. AVEMEEMO vs. SPMOEEMO vs. PXHEEMO vs. EEMS
Often compared with VWO:
VWO vs. VEAVWO vs. IEMGVWO vs. VXUSVWO vs. EEMVWO vs. VTIVWO vs. VOOVWO vs. VEMAX

EEMO vs. VWO - Expense Ratio Comparison

EEMO has a 0.31% expense ratio, which is higher than VWO's 0.08% expense ratio.

EEMO
Invesco S&P Emerging Markets Momentum ETF
VWO
Vanguard FTSE Emerging Markets ETF

Return for Risk

EEMO vs. VWO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EEMO
EEMO Risk / Return Rank: 4545
Overall Rank
EEMO Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
EEMO Sortino Ratio Rank: 4444
Sortino Ratio Rank
EEMO Omega Ratio Rank: 4646
Omega Ratio Rank
EEMO Calmar Ratio Rank: 4545
Calmar Ratio Rank
EEMO Martin Ratio Rank: 4848
Martin Ratio Rank
VWO
VWO Risk / Return Rank: 7070
Overall Rank
VWO Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
VWO Sortino Ratio Rank: 7070
Sortino Ratio Rank
VWO Omega Ratio Rank: 6969
Omega Ratio Rank
VWO Calmar Ratio Rank: 7171
Calmar Ratio Rank
VWO Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EEMO vs. VWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Momentum ETF (EEMO) and Vanguard FTSE Emerging Markets ETF (VWO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

EEMOVWODifference

Sharpe ratio

Return per unit of total volatility

0.85

1.28

-0.43

Sortino ratio

Return per unit of downside risk

1.29

1.80

-0.52

Omega ratio

Gain probability vs. loss probability

1.19

1.26

-0.08

Calmar ratio

Return relative to maximum drawdown

1.23

1.89

-0.66

Martin ratio

Return relative to average drawdown

4.92

7.18

-2.27

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EEMO vs. VWO - Sharpe Ratio Comparison

The current EEMO Sharpe Ratio is 0.85, which is lower than the VWO Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of EEMO and VWO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

EEMOVWODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.85

1.28

-0.43

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.01

0.23

-0.21

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

0.40

-0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.03

0.25

-0.22

Correlation

The correlation between EEMO and VWO is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EEMO vs. VWO - Dividend Comparison

EEMO's dividend yield for the trailing twelve months is around 2.33%, less than VWO's 2.68% yield.

TTM20252024202320222021202020192018201720162015
EEMO
Invesco S&P Emerging Markets Momentum ETF		2.33%2.31%2.57%3.65%3.82%1.51%1.53%2.13%13.10%5.13%1.55%2.92%
VWO
Vanguard FTSE Emerging Markets ETF		2.68%2.79%3.20%3.52%4.11%2.63%1.91%3.23%2.88%2.30%2.52%3.26%

Drawdowns

EEMO vs. VWO - Drawdown Comparison

The maximum EEMO drawdown since its inception was -48.47%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for EEMO and VWO.

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Drawdown Indicators

EEMOVWODifference

Max Drawdown

Largest peak-to-trough decline

-48.47%

-67.68%

+19.21%

Max Drawdown (1Y)

Largest decline over 1 year

-14.75%

-12.23%

-2.52%

Max Drawdown (5Y)

Largest decline over 5 years

-34.03%

-32.80%

-1.23%

Max Drawdown (10Y)

Largest decline over 10 years

-46.57%

-36.39%

-10.18%

Current Drawdown

Current decline from peak

-12.27%

-8.13%

-4.14%

Average Drawdown

Average peak-to-trough decline

-20.38%

-15.93%

-4.45%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.70%

3.22%

+0.48%

Volatility

EEMO vs. VWO - Volatility Comparison

Invesco S&P Emerging Markets Momentum ETF (EEMO) has a higher volatility of 10.05% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 7.41%. This indicates that EEMO's price experiences larger fluctuations and is considered to be riskier than VWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EEMOVWODifference

Volatility (1M)

Calculated over the trailing 1-month period

10.05%

7.41%

+2.64%

Volatility (6M)

Calculated over the trailing 6-month period

14.23%

12.26%

+1.97%

Volatility (1Y)

Calculated over the trailing 1-year period

21.07%

17.83%

+3.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.94%

17.21%

+0.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.85%

19.18%

+1.67%