Data as of Oct 28, 2026.

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EEM vs VNQ: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EEM returned +16.3% to VNQ's +4.8%; 0% of their weight is in the same names.

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Net assets: $29.1bn on Oct 27, 2026 for iShares MSCI Emerging Markets ETF, and $35.9bn on Sep 30, 2026 for Vanguard Real Estate ETF.

At a glance
+16.3%
EEM total return, 1 year
+4.8%
VNQ total return, 1 year
0.72%
EEM expense ratio
0.13%
VNQ expense ratio

Pair scorecard

VNQ costs 0.59 points a year less; their one-year returns differ by 11.5 points; VNQ is 1.2 times larger.

EEM vs VNQ: Differences, Returns & Fees
MeasureEEMVNQ
Return
Total return, 1 year+16.3%+4.8%
Drawdown
Below its high10.8%, high on Jun 22, 20268.3%, high on Jul 28, 2026
Benchmark
What it tracksMSCI Emerging Markets IndexMSCI US Investable Market Real Estate 25/50 Index
Cost and size
Expense ratio0.72%0.13%
Net assets, as of Sep 30, 2026$31.1bn$35.9bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund37.2%55.8%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, EEM and VNQ hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first EEM VNQ
OUTSURANCE GROUP 0.04% 0.26%
Only in one fund ↓
Only in EEM
TAIWAN SEMICONDUCTOR MANUFACTURING 15.98%
SAMSUNG ELECTRONICS LTD 6.88%
SK HYNIX 4.91%
TENCENT HOLDINGS 2.64%
ALIBABA GROUP HOLDING 1.82%
MEDIATEK 1.54%
CHINA CONSTRUCTION BANK CORP H 0.94%
SAMSUNG ELECTRONICS NON VOTING PRE 0.91%
Only in VNQ
Vanguard Real Estate II Index Fund 14.51%
Welltower Inc 9.12%
Prologis Inc 6.86%
Equinix Inc 5.65%
American Tower Corp 4.32%
Simon Property Group Inc 3.69%
Digital Realty Trust Inc 3.68%
Realty Income Corp 2.85%
Check overlap with more funds →

Side by side

EEM iShares MSCI Emerging Markets ETF VNQ Vanguard Real Estate ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Emerging markets Tracks an index of US real estate
Total return, 1 year +16.3% +4.8%
Expense ratio 0.72% 0.13%
Already in the S&P 500 0.0% 62.8%
Holdings 1186 141
Net assets, EEM as of Oct 27, 2026 and VNQ as of Sep 30, 2026 $29.1bn $35.9bn

EEM and VNQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
EEM

EEM tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +16.3% with distributions reinvested. The prospectus expense ratio is 0.72% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,186 positions, with the top ten at 37.2%. It sat 10.8% below its high of Jun 22, 2026 on Oct 28, 2026.

VNQ

VNQ tracks an index of US real estate. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.13% a year. By its holdings published by its issuer as of Sep 30, 2026, 63% of the fund by weight is stocks the S&P 500 also holds, across 141 positions, with the top ten at 55.8%. It sat 8.3% below its high of Jul 28, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EEM or VNQ?
In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and VNQ +4.8%.
Which is cheaper, EEM or VNQ?
VNQ is cheaper, by 0.59 percentage points a year. That is about $59 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EEM and VNQ overlap with the S&P 500?
By their latest filed holdings, 0% of EEM and 63% of VNQ by weight is stocks the S&P 500 already holds.
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ETFIQ, EEM against VNQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/eem-vs-vnq

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