Which is cheaper, TSEP or VWO?

TSEP charges 0.95% a year and VWO charges 0.06%, so VWO is cheaper. Fees come from each fund's prospectus.

Are TSEP and VWO the same kind of fund?

No. TSEP is a buffer ETF and VWO is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

TSEP vs VWO: how they differ

TSEP and VWO are measured over different days, and VWO charges 0.06% against 0.95%.

FT Vest Emerging Markets Buffer ETF - September and Vanguard Emerging Markets Stock Index Fund.

TSEP and VWO on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	TSEP FT Vest Emerging Markets Buffer ETF - September	VWO Vanguard Emerging Markets Stock Index Fund
Where it sits	Buffer ETF	Core index fund
Issuer	First Trust	Vanguard
What it is	Defined outcome, 10% on EEM	Emerging markets
Total return, 1 year	not published	+15.6%
S&P 500 over the same days	not published	+17.5%
Gap to the S&P 500	not available	−1.9 pts
Expense ratio	0.95%	0.06%
Holdings	not filed	6355

TSEP in plain words

EEM had already risen past this fund's cap of +17.2% for the period on Sep 12, 2026, so in index terms there is no more upside to collect. The fund's own price can still drift up to about −0.1% as the period runs out. The fund's price can fall 14.9% from here before the buffer starts absorbing losses, by the issuer's figure. In index terms, EEM can fall 21.9% from today's level to the point where the buffer begins. Protection left, in index points: 10.0% of the 10.0% buffer still sits below today's EEM level. 7 days remained on Sep 12, 2026. On Sep 18, 2026 the period ends and a new cap is set.

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 is cheaper, TSEP or VWO?: TSEP charges 0.95% a year and VWO charges 0.06%, so VWO is cheaper. Fees come from each fund's prospectus.
Are TSEP and VWO the same kind of fund?: No. TSEP is a buffer ETF and VWO is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.

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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.

TSEP against VWO, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, TSEP against VWO, data as of Sep 12, 2026. https://etfiq.com/compare/any/TSEP-VWO Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources