NTSE vs. VWO
NTSE (WisdomTree Emerging Markets Efficient Core Fund) and VWO (Vanguard FTSE Emerging Markets ETF) are both exchange-traded funds - NTSE is a Diversified Portfolio fund actively managed by WisdomTree, while VWO is a Emerging Markets Equities fund tracking the FTSE Emerging Index. NTSE is actively managed, while VWO is passively managed. Over the past 5 years, NTSE returned 5.52%/yr vs 6.08%/yr for VWO. Their correlation of 0.94 means they have usually moved in the same direction. NTSE charges 0.38%/yr vs 0.08%/yr for VWO.
Performance
NTSE vs. VWO - Performance Comparison
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Returns By Period
In the year-to-date period, NTSE achieves a 18.97% return, which is significantly higher than VWO's 9.41% return.
NTSE
- 1D
- 0.55%
- 1M
- -3.59%
- 6M
- 9.15%
- YTD
- 18.97%
- 1Y
- 38.15%
- 3Y*
- 19.12%
- 5Y*
- 5.52%
- 10Y*
- —
- ALL TIME*
- 5.00%
VWO
- 1D
- 0.96%
- 1M
- -0.49%
- 6M
- 4.16%
- YTD
- 9.41%
- 1Y
- 21.69%
- 3Y*
- 14.84%
- 5Y*
- 6.08%
- 10Y*
- 7.86%
- ALL TIME*
- 6.81%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $109.22K | $173.02K | $189.56K | |
| $386.61M | $469.40M | $499.89M |
NTSE vs. VWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NTSE WisdomTree Emerging Markets Efficient Core Fund | 18.97% | 36.29% | 4.42% | 9.47% | -26.31% | -5.67% |
VWO Vanguard FTSE Emerging Markets ETF | 9.41% | 25.60% | 10.59% | 9.25% | -17.98% | -3.36% |
Correlation
The correlation between NTSE and VWO is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.94 |
The correlation between NTSE and VWO has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.
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Return for Risk
NTSE vs. VWO — Risk / Return Rank
NTSE
VWO
NTSE vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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.
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.
| NTSE | VWO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.22 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.89 | +0.68 |
| Martin ratioReturn relative to average drawdown | 7.95 | 6.16 | +1.78 |
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Drawdowns
NTSE vs. VWO - Drawdown Comparison
The maximum NTSE drawdown since its inception was -42.84%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for NTSE and VWO.
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Drawdown Indicators
| NTSE | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.84% | -67.68% | +24.84% |
Max Drawdown (1Y)Largest decline over 1 year | -14.83% | -11.17% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -17.37% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | -30.88% | -10.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.39% | — |
Current DrawdownCurrent decline from peak | -11.04% | -4.07% | -6.97% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -15.73% | -3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 3.43% | +1.36% |
Volatility
NTSE vs. VWO - Volatility Comparison
WisdomTree Emerging Markets Efficient Core Fund (NTSE) has a higher volatility of 8.99% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 5.58%. This indicates that NTSE'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
| NTSE | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.99% | 5.58% | +3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 22.97% | 15.22% | +7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 17.58% | +7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.22% | 17.56% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.03% | 19.17% | +0.86% |
NTSE vs. VWO - Expense Ratio Comparison
NTSE has a 0.38% expense ratio, which is higher than VWO's 0.08% expense ratio.
Dividends
NTSE vs. VWO - Dividend Comparison
NTSE's dividend yield for the trailing twelve months is around 2.76%, more than VWO's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NTSE WisdomTree Emerging Markets Efficient Core Fund | 2.76% | 3.35% | 3.23% | 2.44% | 3.22% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWO Vanguard FTSE Emerging Markets ETF | 2.35% | 2.79% | 3.20% | 3.52% | 4.11% | 2.63% | 1.91% | 3.23% | 2.88% | 2.30% | 2.52% | 3.26% |
Frequently Asked Questions
With a correlation of 0.92, NTSE and VWO move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
NTSE has higher volatility (8.99%) compared to VWO (5.58%). In terms of maximum drawdown, NTSE dropped -42.84% vs VWO's -67.68%.
On 5-year performance, VWO leads with 6.08% vs 5.52% for NTSE. On fees, VWO is cheaper at 0.08% per year. On volatility, VWO has been the lower-risk option at 5.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VWO has performed better with a 6.08% return vs 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VWO is cheaper with a 0.08% expense ratio, compared with 0.38% for NTSE.
NTSE has the higher dividend yield at 2.76%, compared with 2.35% for VWO.
NTSE is categorized as Diversified Portfolio, while VWO is Emerging Markets Equities. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.38% for NTSE and 0.08% for VWO.
NTSE currently has the higher Sharpe Ratio (1.52 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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