Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.
VOE vs VWO: how they differ
VOE and VWO hold 0% of their weight in the same names, and VOE returned more over the year.
Vanguard Mid-Cap Value Index Fund and Vanguard Emerging Markets Stock Index Fund.
What they hold in common
By the books each fund has filed, VOE and VWO hold 0% of their money in the same securities at the same weight.
| Only in VOE | Only in VWO |
|---|---|
| Cummins Inc 1.71% | Taiwan Semiconductor Manufacturing Co Lt 14.73% |
| Valero Energy Corp 1.34% | Tencent Holdings Ltd 3.28% |
| Marathon Petroleum Corp 1.29% | Alibaba Group Holding Ltd 2.57% |
| CRH PLC 1.24% | Delta Electronics Inc 1.18% |
| United Rentals Inc 1.23% | MediaTek Inc 1.07% |
| General Motors Co 1.21% | Reliance Industries Ltd 0.90% |
| SLB Ltd 1.21% | HDFC Bank Ltd 0.81% |
| Simon Property Group Inc 1.20% | 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.
| VOE Vanguard Mid-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 | Mid-Cap Value | Emerging markets |
| Total return, 1 year | +20.2% | +15.6% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | +2.7 pts | −1.9 pts |
| Expense ratio | 0.05% | 0.06% |
| Already in the S&P 500 | 96.6% | 0.0% |
| Holdings | 170 | 6355 |
VOE in plain words
VOE is an index equity fund tracking the Mid-Cap Value. Over the year to Sep 11, 2026 it returned +20.2% 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, 97% of the fund by weight is stocks the S&P 500 also holds, across 170 positions, with the top ten at 12.7%.
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, VOE or VWO?
- In the year to Sep 12, 2026, with distributions reinvested, VOE returned +20.2% and VWO returned +15.6%, so VOE returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, VOE or VWO?
- VOE charges 0.05% a year and VWO charges 0.06%, so VOE is cheaper. Fees come from each fund's prospectus.
- How much do VOE and VWO overlap with the S&P 500?
- By their latest filed holdings, 97% of VOE 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.
Other comparisons
Where to next
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, VOE against VWO, data as of Sep 12, 2026. https://etfiq.com/compare/any/VOE-VWO Free to use with attribution; the underlying files are at Open data.
A comparison is not a recommendation. Standards and sources