VTMGX vs. VWO
Compare and contrast key facts about Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) and Vanguard FTSE Emerging Markets ETF (VWO).
VTMGX is managed by Vanguard. It was launched on Aug 17, 1999. VWO is a passively managed fund by Vanguard that tracks the performance of the FTSE Emerging Index. It was launched on Mar 4, 2005.
Performance
VTMGX vs. VWO - Performance Comparison
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VTMGX vs. VWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 2.46% | 35.17% | 3.03% | 17.65% | -15.33% | 11.39% | 10.25% | 22.04% | -14.48% | 26.39% |
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, VTMGX achieves a 2.46% return, which is significantly higher than VWO's 0.84% return. Over the past 10 years, VTMGX has outperformed VWO with an annualized return of 9.31%, while VWO has yielded a comparatively lower 7.66% annualized return.
VTMGX
- 1D
- 2.96%
- 1M
- -7.62%
- YTD
- 2.46%
- 6M
- 7.79%
- 1Y
- 29.28%
- 3Y*
- 15.95%
- 5Y*
- 8.51%
- 10Y*
- 9.31%
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%
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VTMGX vs. VWO - Expense Ratio Comparison
VTMGX has a 0.07% expense ratio, which is lower than VWO's 0.08% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
VTMGX vs. VWO — Risk / Return Rank
VTMGX
VWO
VTMGX vs. VWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) 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.
| VTMGX | VWO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 1.28 | +0.51 |
Sortino ratioReturn per unit of downside risk | 2.35 | 1.80 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.26 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.44 | 1.89 | +0.55 |
Martin ratioReturn relative to average drawdown | 9.56 | 7.18 | +2.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VTMGX | VWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.28 | +0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.23 | +0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.40 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.25 | +0.04 |
Correlation
The correlation between VTMGX and VWO is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VTMGX vs. VWO - Dividend Comparison
VTMGX's dividend yield for the trailing twelve months is around 2.92%, more than VWO's 2.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 2.92% | 3.20% | 3.34% | 3.14% | 2.88% | 3.14% | 2.02% | 3.03% | 3.33% | 2.77% | 3.06% | 2.91% |
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
VTMGX vs. VWO - Drawdown Comparison
The maximum VTMGX drawdown since its inception was -60.58%, smaller than the maximum VWO drawdown of -67.68%. Use the drawdown chart below to compare losses from any high point for VTMGX and VWO.
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Drawdown Indicators
| VTMGX | VWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.58% | -67.68% | +7.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -12.23% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | -32.80% | +3.09% |
Max Drawdown (10Y)Largest decline over 10 years | -35.68% | -36.39% | +0.71% |
Current DrawdownCurrent decline from peak | -9.01% | -8.13% | -0.88% |
Average DrawdownAverage peak-to-trough decline | -14.74% | -15.93% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 3.22% | -0.25% |
Volatility
VTMGX vs. VWO - Volatility Comparison
Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) has a higher volatility of 7.83% compared to Vanguard FTSE Emerging Markets ETF (VWO) at 7.41%. This indicates that VTMGX'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
| VTMGX | VWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 7.41% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.28% | 12.26% | -0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.68% | 17.83% | -1.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 17.21% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.45% | 19.18% | -2.73% |