Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VBR vs VWO: how they differ
VBR and VWO hold 0% of their weight in the same names, and VBR returned more over the year.
Vanguard Small-Cap Value Index Fund and Vanguard Emerging Markets Stock Index Fund.
What they hold in common
By the books each fund has filed, VBR and VWO hold 0% of their money in the same securities at the same weight.
| Only in VBR | Only in VWO |
|---|---|
| Jabil Inc 0.87% | Taiwan Semiconductor Manufacturing Co Lt 14.73% |
| NRG Energy Inc 0.66% | Tencent Holdings Ltd 3.28% |
| Tapestry Inc 0.64% | Alibaba Group Holding Ltd 2.57% |
| Atmos Energy Corp 0.62% | Delta Electronics Inc 1.18% |
| Williams-Sonoma Inc 0.59% | MediaTek Inc 1.07% |
| Moderna Inc 0.54% | Reliance Industries Ltd 0.90% |
| Smurfit Westrock PLC 0.52% | HDFC Bank Ltd 0.81% |
| F5 Inc 0.50% | 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 Jun 30, 2026.
| VBR Vanguard Small-Cap Value Index Fund | VWO Vanguard Emerging Markets Stock Index Fund | |
|---|---|---|
| Where it sits | Core index fund | Core index fund |
| Issuer | Vanguard | Vanguard |
| What it is | Small-Cap Value | Emerging markets |
| Total return, 1 year | +16.3% | +15.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −1.2 pts | −1.9 pts |
| Expense ratio | 0.05% | 0.06% |
| Already in the S&P 500 | 30.5% | 0.0% |
| Holdings | 840 | 6355 |
VBR in plain words
VBR is an index equity fund tracking the Small-Cap Value. Over the year to Sep 11, 2026 it returned +16.3% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. By its holdings filed for Jun 30, 2026, 30% of the fund by weight is stocks the S&P 500 also holds, across 840 positions, with the top ten at 5.9%. It sat 3.8% below its high of Aug 14, 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, VBR or VWO?
- In the year to Sep 12, 2026, with distributions reinvested, VBR returned +16.3% and VWO returned +15.6%, so VBR returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VBR or VWO?
- VBR charges 0.05% a year and VWO charges 0.06%, so VBR is cheaper. Fees come from each fund's prospectus.
- How much do VBR and VWO overlap with the S&P 500?
- By their latest filed holdings, 30% of VBR and 0% of VWO by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
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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, VBR against VWO, data as of Sep 12, 2026. https://etfiq.com/compare/any/VBR-VWO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources