ATLASVanguard FTSE Emerging Markets ETF (VWO): outlook, holdings and fees
Vanguard FTSE Emerging Markets ETF (VWO) is an exchange-traded fund and is managed by Vanguard. The expense ratio is 0.05% and the yield is 2.12%. The ten largest holdings are 26% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on VWO
| Last price | $55.98 (+0.8%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $54.69 – $57.84 |
| Normal 1-day range (±1σ) | ±1.0% |
| Distribution yield | 2.12% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
VWO fund facts
| Issuer | Vanguard |
|---|---|
| Theme | Emerging markets |
| Assets under management | $126B |
| Expense ratio | 0.05% |
| Number of holdings | 48 |
| Portfolio turnover | 5% |
| Inception | Mar 4, 2005 |
| Exchange | NYSE |
The index measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach designed to track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the index in terms of key characteristics.
VWO top holdings
| Holding | Sector | Weight |
|---|---|---|
| Taiwan Semiconductor Manufacturing Co. Ltd. 2330 | Technology | 14.86% |
| Tencent Holdings Ltd 0700 | Communication Services | 3.00% |
| Alibaba Group Holding Ltd 9988 | Consumer Cyclical | 2.15% |
| MediaTek Inc 2454 | Technology | 1.51% |
| Delta Electronics Inc 2308 | Technology | 0.93% |
| China Construction Bank Corp 0939 | Financial Services | 0.88% |
| Hon Hai Precision Industry Co Ltd 2317 | Technology | 0.78% |
| Reliance Industries Limited RELIANCE | Energy | 0.69% |
| HDFC Bank Limited HDFCBANK | Financial Services | 0.69% |
| ICICI Bank Limited ICICIBANK | Financial Services | 0.68% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
VWO sector breakdown
| Sector | Weight |
|---|---|
| Technology | 31.7% |
| Financial Services | 19.7% |
| Consumer Cyclicals | 9.9% |
| Basic Materials | 8.2% |
| Industrials | 7.8% |
| Communication Services | 6.8% |
| Healthcare | 4.2% |
| Energy | 4.1% |
| Consumer Defensive | 3.2% |
| Utilities | 2.5% |
| Real Estate | 2.0% |
By region: Asia Emerging 46.7%, Asia Developed 33.4%, Africa/Middle East 9.4%, Latin America 6.7%, Europe Emerging 1.8%.
VWO returns and risk
| Year to date | +12.0% |
|---|---|
| 1 year | +12.2% |
| 3 years (annualised) | +18.7% |
| 5 years (annualised) | +6.7% |
| 10 years (annualised) | +7.5% |
| Volatility (3 years) | 11.0% |
| Sharpe ratio (3 years) | 1.10 |
Past returns do not guarantee future results.
VWO: frequently asked questions
What does VWO invest in?
Vanguard FTSE Emerging Markets ETF invests in a portfolio of securities. Its largest holdings are Taiwan Semiconductor Manufacturing Co. Ltd. (14.9%), Tencent Holdings Ltd (3.0%), Alibaba Group Holding Ltd (2.2%), MediaTek Inc (1.5%), Delta Electronics Inc (0.9%).
What is the VWO expense ratio?
0.05% a year: about $5.00 for every $10,000 invested.
What is the VWO dividend yield?
2.12%. ATLAS does not hold the exact distribution dates for ETFs.
Will VWO go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $54.69 to $57.84 from $55.98 today. It is a probability, not a prediction.
How has VWO performed?
Year to date +12.0%, one year +12.2%, three years +18.7% a year, five years +6.7% a year. Past returns do not guarantee future results.
Similar ETFs: Emerging markets
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- SPDR Portfolio Emerging Markets ETF (SPEM)
- Schwab Emerging Markets Equity ETF (SCHE)
- Schwab Fundamental Emerging Markets Equity ETF (FNDE)
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Educational information, not investment advice. Disclaimer