Data as of Oct 28, 2026.

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EEM vs VO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EEM returned +16.3% to VO's +12.8%; 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 $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF.

At a glance
+16.3%
EEM total return, 1 year
+12.8%
VO total return, 1 year
0.72%
EEM expense ratio
0.03%
VO expense ratio

Pair scorecard

VO costs 0.69 points a year less; their one-year returns differ by 3.5 points; VO is 3.3 times larger.

EEM vs VO: Differences, Returns & Fees
MeasureEEMVO
Return
Total return, 1 year+16.3%+12.8%
Drawdown
Below its high10.8%, high on Jun 22, 20263.1%, high on Aug 14, 2026
Benchmark
What it tracksMSCI Emerging Markets IndexMorningstar US Mid Cap Index (formerly CRSP US Mid Cap Index)
Cost and size
Expense ratio0.72%0.03%
Net assets, as of Sep 30, 2026$31.1bn$103.4bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund37.2%9.7%

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 VO 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 VO
HINDUSTAN AERONAUTICS LTD 0.07% 0.24%
BUDIMEX SA 0.02% 0.48%
PLDT INC 0.01% 0.60%
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 VO
Cloudflare Inc 1.11%
Valero Energy Corp 1.10%
Marathon Petroleum Corp 1.10%
Phillips 66 1.01%
Quanta Services Inc 0.95%
Vertiv Holdings Co 0.92%
Datadog Inc 0.91%
Howmet Aerospace Inc 0.89%
Check overlap with more funds →

Side by side

EEM iShares MSCI Emerging Markets ETF VO Vanguard Morningstar Mid-Cap ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Emerging markets Tracks an index of Mid-Cap
Total return, 1 year +16.3% +12.8%
Expense ratio 0.72% 0.03%
Already in the S&P 500 0.0% 91.1%
Holdings 1186 273
Net assets, EEM as of Oct 27, 2026 and VO as of Sep 30, 2026 $29.1bn $103.4bn

EEM and VO 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.

VO

VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, EEM or VO?
In the year to Oct 28, 2026, with distributions reinvested, EEM returned +16.3% and VO +12.8%.
Which is cheaper, EEM or VO?
VO is cheaper, by 0.69 percentage points a year. That is about $69 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EEM and VO overlap with the S&P 500?
By their latest filed holdings, 0% of EEM and 91% of VO by weight is stocks the S&P 500 already holds.
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ETFIQ, EEM against VO, data as of Oct 28, 2026. https://etfiq.com/compare/any/eem-vs-vo

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