Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
IEMG vs VWO: how they differ
IEMG and VWO hold 2% of their weight in the same names, and IEMG returned more over the year.
iShares Core MSCI Emerging Markets ETF and Vanguard Emerging Markets Stock Index Fund.
What they hold in common
By the books each fund has filed, IEMG and VWO hold 2% of their money in the same securities at the same weight.
| Holding | IEMG | VWO |
|---|---|---|
| America Movil, S.A.B. de C.V. | 0.16% | 0.18% |
| Global Unichip Corp | 0.09% | 0.10% |
| Piraeus Bank SA | 0.08% | 0.09% |
| Banco de Chile | 0.06% | 0.07% |
| Abu Dhabi Islamic Bank PJSC | 0.06% | 0.08% |
| Divi's Laboratories Ltd | 0.06% | 0.08% |
| SASOL LIMITED | 0.05% | 0.08% |
| eMemory Technology Inc | 0.05% | 0.07% |
| Commercial International Bank - Egypt (C | 0.04% | 0.06% |
| Vibra Energia S.A. | 0.04% | 0.07% |
| United Integrated Services Co Ltd | 0.04% | 0.04% |
| Vanguard International Semiconductor Cor | 0.04% | 0.04% |
| Only in IEMG | Only in VWO |
|---|---|
| Taiwan Semiconductor Manufacturing Compa 12.52% | Taiwan Semiconductor Manufacturing Co Lt 14.73% |
| SK hynix Inc. 5.83% | Tencent Holdings Ltd 3.28% |
| Tencent Holdings Limited 2.38% | Alibaba Group Holding Ltd 2.57% |
| Alibaba Group Holding Limited 1.83% | Delta Electronics Inc 1.18% |
| MediaTek Inc. 1.42% | MediaTek Inc 1.07% |
| DELTA ELECTRONICS, INC. 1.03% | Reliance Industries Ltd 0.90% |
| HON HAI PRECISION INDUSTRY CO., LTD. 0.79% | HDFC Bank Ltd 0.81% |
| Samsung Electronics Co., Ltd. 0.74% | Hon Hai Precision Industry Co Ltd 0.75% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 31, 2026.
| IEMG iShares Core MSCI Emerging Markets ETF | VWO Vanguard Emerging Markets Stock Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | iShares | Vanguard |
| What it is | Core MSCI Emerging Markets | Emerging markets |
| Total return, 1 year | +30.6% | +15.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +13.1 pts | −1.9 pts |
| Expense ratio | 0.09% | 0.06% |
| Already in the S&P 500 | 0.0% | 0.0% |
| Holdings | 2695 | 6355 |
IEMG in plain words
IEMG is an index equity fund tracking the Core MSCI Emerging Markets. Over the year to Sep 11, 2026 it returned +30.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year. By its holdings filed for May 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 2695 positions, with the top ten at 34.1%. It sat 4.0% below its high of Jun 22, 2026 on Sep 11, 2026.
VWO in plain words
VWO is an index equity fund tracking the Emerging markets. Over the year to Sep 11, 2026 it returned +15.6% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.06% a year. By its holdings filed for Apr 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 6355 positions, with the top ten at 26.8%.
Questions people ask
- Which returned more over the last year, IEMG or VWO?
- In the year to Sep 12, 2026, with distributions reinvested, IEMG returned +30.6% and VWO returned +15.6%, so IEMG returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, IEMG or VWO?
- IEMG charges 0.09% a year and VWO charges 0.06%, so VWO is cheaper. Fees come from each fund's prospectus.
- How much do IEMG and VWO overlap with the S&P 500?
- By their latest filed holdings, 0% of IEMG and 0% of VWO by weight is stocks the S&P 500 already holds. Between the two funds, 2% of their books are the same securities at the same weight.
Other comparisons
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, IEMG against VWO, data as of Sep 12, 2026. https://etfiq.com/compare/any/IEMG-VWO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources