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VWO vs. EMOP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VWO vs. EMOP

Last updated Jun 6, 2026

VWO (Vanguard FTSE Emerging Markets ETF) and EMOP (AB Emerging Markets Opportunities ETF) are both Emerging Markets Equities funds. VWO is passively managed, while EMOP is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. VWO charges 0.08%/yr vs 0.70%/yr for EMOP.

Performance

VWO vs. EMOP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard FTSE Emerging Markets ETF (VWO) and AB Emerging Markets Opportunities ETF (EMOP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, VWO achieves a 7.94% return, which is significantly lower than EMOP's 22.85% return.

VWO

1D
-3.78%
1M
-4.48%
YTD
7.94%
6M
8.77%
1Y
24.19%
3Y*
16.25%
5Y*
4.36%
10Y*
8.24%

EMOP

1D
-5.45%
1M
-4.16%
YTD
22.85%
6M
24.12%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

VWO vs. EMOP - Yearly Performance Comparison

2026 (YTD)2025
VWO
Vanguard FTSE Emerging Markets ETF		7.94%14.76%
EMOP
AB Emerging Markets Opportunities ETF		22.85%16.69%

Correlation

The correlation between VWO and EMOP is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 20, 2025

0.90

VWO vs. EMOP - Sectors Allocation Comparison

Sectors
VWO
EMOP

Technology

29.6%
30.3%

Financial Services

19.5%
24.0%

Consumer Cyclical

10.7%
7.8%

Industrials

8.0%
8.1%

Basic Materials

8.0%
7.0%

Communication Services

7.1%
12.3%

Energy

4.6%
2.6%

Healthcare

3.9%
1.6%

Consumer Defensive

3.7%
1.4%

Utilities

2.9%
2.8%

Real Estate

2.2%
2.3%

Technology

VWO
29.6%
EMOP
30.3%

Financial Services

VWO
19.5%
EMOP
24.0%

Consumer Cyclical

VWO
10.7%
EMOP
7.8%

Industrials

VWO
8.0%
EMOP
8.1%

Basic Materials

VWO
8.0%
EMOP
7.0%

Communication Services

VWO
7.1%
EMOP
12.3%

Energy

VWO
4.6%
EMOP
2.6%

Healthcare

VWO
3.9%
EMOP
1.6%

Consumer Defensive

VWO
3.7%
EMOP
1.4%

Utilities

VWO
2.9%
EMOP
2.8%

Real Estate

VWO
2.2%
EMOP
2.3%

Compare stocks, funds, or ETFs

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

Vanguard FTSE Emerging Markets ETF

AB Emerging Markets Opportunities ETF

Often compared with VWO:
VWO vs. VEAVWO vs. IEMGVWO vs. VXUSVWO vs. EEMVWO vs. VOOVWO vs. VTIVWO vs. VEMAX
Often compared with EMOP:
EMOP vs. AGEMEMOP vs. RNEMEMOP vs. BUFCEMOP vs. UAEEMOP vs. GEMEMOP vs. PIEEMOP vs. LRGC

Return for Risk

VWO vs. EMOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VWO
VWO Risk / Return Rank: 4545
Overall Rank
VWO Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
VWO Sortino Ratio Rank: 4242
Sortino Ratio Rank
VWO Omega Ratio Rank: 4545
Omega Ratio Rank
VWO Calmar Ratio Rank: 4545
Calmar Ratio Rank
VWO Martin Ratio Rank: 4848
Martin Ratio Rank
EMOP
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.

VWO vs. EMOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets ETF (VWO) and AB Emerging Markets Opportunities ETF (EMOP). 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.

VWOEMOPDifference
Sharpe ratioReturn per unit of total volatility
1.49

—

—

Sortino ratioReturn per unit of downside risk
2.08

—

—

Omega ratioGain probability vs. loss probability

1.28

—

—

Calmar ratioReturn relative to maximum drawdown

2.18

—

—

Martin ratioReturn relative to average drawdown

7.80

—

—

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

VWO vs. EMOP - Sharpe Ratio Comparison

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Sharpe Ratios by Period

VWOEMOPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.49

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.25

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.43

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.26

2.20

-1.94

Drawdowns

VWO vs. EMOP - Drawdown Comparison

The maximum VWO drawdown since its inception was -67.68%, which is greater than EMOP's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for VWO and EMOP.

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Drawdown Indicators

VWOEMOPDifference

Max Drawdown

Largest peak-to-trough decline

-67.68%

-12.88%

-54.80%

Max Drawdown (1Y)

Largest decline over 1 year

-11.17%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-17.37%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-32.60%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.39%

—

—

Current Drawdown

Current decline from peak

-5.16%

-7.99%

+2.83%

Average Drawdown

Average peak-to-trough decline

-15.81%

-1.93%

-13.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.11%

—

—

Volatility

VWO vs. EMOP - Volatility Comparison

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Volatility by Period

VWOEMOPDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.29%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

13.79%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

16.33%

20.70%

-4.37%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.44%

20.70%

-3.26%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.23%

20.70%

-1.47%

VWO vs. EMOP - Expense Ratio Comparison

VWO has a 0.08% expense ratio, which is lower than EMOP's 0.70% expense ratio.

Dividends

VWO vs. EMOP - Dividend Comparison

VWO's dividend yield for the trailing twelve months is around 2.50%, more than EMOP's 0.88% yield.

PositionTTM20252024202320222021202020192018201720162015
EMOP
AB Emerging Markets Opportunities ETF		0.88%0.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VWO
Vanguard FTSE Emerging Markets ETF		2.50%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

VWO and EMOP have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, VWO is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

VWO is cheaper with a 0.08% expense ratio, compared with 0.70% for EMOP.

VWO has the higher dividend yield at 2.50%, compared with 0.88% for EMOP.

They also come from different issuers: Vanguard and AllianceBernstein. Their fees differ too: 0.08% for VWO and 0.70% for EMOP.

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