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AVES vs VWO: Differences, Returns & Fees

AVES and VWO hold 19% of their weight in the same names, and AVES returned +18.3% over the year. Net assets: $1.5bn on May 31, 2026 for Avantis Emerging Markets Value ETF, and $125.4bn on Sep 30, 2026 for Vanguard FTSE Emerging Markets ETF.

VWO costs 0.30 points a year less; their one-year returns differ by 6.2 points.

AVES vs VWO: Differences, Returns & Fees
AVESVWO
Expense ratio0.36%0.06%
Net assets, AVES as of May 31, 2026 and VWO as of Sep 30, 2026$1.5bn$125.4bn
Total return, 1 year+18.3%+12.1%
What it tracksNo index, actively managedFTSE Emerging Markets All Cap China A Inclusion Index
Holdings in common19%
Top ten holdings, share of the fund10.9%28.9%
Below its high3.8%, high on Jun 15, 2026

Holdings in common uses holdings dated Aug 31, 2026 and Oct 8, 2026.

+18.3%
AVES total return, 1 year
+12.1%
VWO total return, 1 year
0.36%
AVES expense ratio
0.06%
VWO expense ratio

What they hold in common

By the books each fund has filed, AVES and VWO hold 19% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Aug 31, 2026 and Oct 8, 2026.

half

19% in common

Positions both hold, largest shared weight first
Holding AVES VWO
ELITE MATERIAL CO LTD COMMON STOCK TWD10.0 0.59% 0.41%
UNITED MICROELECTRONICS CORP COMMON STOCK TWD10.0 0.83% 0.32%
FUBON FINANCIAL HOLDING CO COMMON STOCK TWD10.0 1.25% 0.30%
CTBC FINANCIAL HOLDING CO LT COMMON STOCK TWD10.0 0.65% 0.29%
CATHAY FINANCIAL HOLDING CO COMMON STOCK TWD10.0 0.91% 0.27%
GRUPO FINANCIERO BANORTE O COMMON STOCK MXN3.5 0.45% 0.26%
MAHINDRA + MAHINDRA LTD COMMON STOCK INR5.0 0.43% 0.26%
BAJAJ FINANCE LTD COMMON STOCK INR1.0 0.33% 0.24%
LARSEN + TOUBRO LTD COMMON STOCK INR2.0 0.30% 0.23%
TS FINANCIAL HOLDING CO LTD COMMON STOCK TWD10.0 0.75% 0.23%
STANDARD BANK GROUP LTD COMMON STOCK ZAR.1 0.39% 0.21%
NATIONAL BANK OF KUWAIT COMMON STOCK KWD.1 0.27% 0.20%
Only in AVES
LG ELECTRONICS INC COMMON STOCK KRW5000.0 1.15%
HANA FINANCIAL GROUP COMMON STOCK KRW5000.0 1.13%
KB FINANCIAL GROUP INC ADR ADR 0.90%
SHINHAN FINANCIAL GROUP ADR ADR 0.90%
WOORI FINANCIAL GROUP INC COMMON STOCK KRW5000.0 0.84%
S OIL CORP COMMON STOCK KRW2500.0 0.72%
KIA CORP COMMON STOCK KRW5000.0 0.71%
VALE SA SP ADR ADR 0.63%
Only in VWO
Taiwan Semiconductor Manufacturing Co Ltd 14.73%
SLCMT1142 3.18%
Tencent Holdings Ltd 2.90%
Alibaba Group Holding Ltd 2.19%
MediaTek Inc 1.47%
MKTLIQ 1.21%
Delta Electronics Inc 0.90%
China Construction Bank Corp 0.86%

Check overlap with more funds →

On the same fields

AVES
Avantis Emerging Markets Value ETF
VWO
Vanguard FTSE Emerging Markets ETF
Where it sits Stock ETF Stock ETF
Issuer Avantis Vanguard
What it is Actively managed Tracks an index of Emerging markets
Total return, 1 year +18.3% +12.1%
Expense ratio 0.36% 0.06%
Already in the S&P 500 0.0% 0.0%
Holdings 1987 6356
Net assets, AVES as of May 31, 2026 and VWO as of Sep 30, 2026 $1.5bn $125.4bn

AVES and VWO on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About AVES

AVES is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +18.3% with distributions reinvested. The prospectus expense ratio is 0.36% a year. By its holdings published by its issuer for Oct 8, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,987 positions, with the top ten at 10.9%. It sat 3.8% below its high of Jun 15, 2026 on Oct 9, 2026.

About VWO

VWO tracks an index of Emerging markets. Over the year to Oct 9, 2026 it returned +12.1% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Aug 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 6,356 positions, with the top ten at 28.9%.

Questions people ask

Which returned more over the last year, AVES or VWO?
In the year to Oct 9, 2026, with distributions reinvested, AVES returned +18.3% and VWO +12.1%.
Which is cheaper, AVES or VWO?
VWO is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AVES and VWO overlap with the S&P 500?
By their latest filed holdings, 0% of AVES and 0% of VWO by weight is stocks the S&P 500 already holds.
Other comparisons
AVES vs IEMGAVES vs DEMAVES vs EEMVAVES vs CGNGGEM vs VWOJEMA vs VWODVYE vs VWODGS vs VWO
AVES on its own →VWO on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
AVES filings on SEC EDGAR ↗AVES prospectus with the expense ratio (SEC) ↗Avantis website ↗VWO filings on SEC EDGAR ↗VWO prospectus with the expense ratio (SEC) ↗Vanguard page for VWO ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, AVES against VWO, data as of Oct 9, 2026. https://etfiq.com/compare/any/aves-vs-vwo

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.