Data as of Oct 28, 2026.

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EWT vs VOO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, EWT returned +69.9% to VOO's +13.7%; 0% of their weight is in the same names.

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Net assets: $12.0bn on Oct 28, 2026 for iShares MSCI Taiwan ETF, and $1.0tn on Sep 30, 2026 for Vanguard S&P 500 ETF.

At a glance
+69.9%
EWT total return, 1 year
+13.7%
VOO total return, 1 year
0.59%
EWT expense ratio
0.03%
VOO expense ratio

Pair scorecard

VOO costs 0.56 points a year less; their one-year returns differ by 56.2 points; VOO is far larger, $1.0tn against $12.3bn.

EWT vs VOO: Differences, Returns & Fees
MeasureEWTVOO
Return
Total return, 1 year+69.9%+13.7%
Drawdown
Below its high7.7%, high on Oct 5, 2026
Benchmark
What it tracksMSCI Taiwan 25/50 IndexS&P 500 Index
Cost and size
Expense ratio0.59%0.03%
Net assets, as of Sep 30, 2026$12.3bn$1.0tn
Holdings
Holdings in common0%
Top ten holdings, share of the fund47.7%39.1%

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

Risk and return

Sep 17, 2010 to Oct 23, 2026 · 840 weekly returns
EWT VOO
Return
Total return edge VOO +662.1% +804.0%
Annualized edge VOO (slight) +13.4% +14.6%
Price return edge VOO +300.4% +575.9%
Risk
Volatility edge VOO 20.5% 15.9%
Max drawdown edge VOO −38.2% −31.8%
Downside capture 88.6% 99.9%
Beta 0.82 1.00
Risk-adjusted
Sharpe edge VOO 0.64 0.84
Sortino edge VOO 0.93 1.22
Treynor 0.155 0.134
Calmar edge VOO 0.35 0.46
Against the benchmark
Alpha +4.5% a year 0.0% a year
Alpha t-stat 1.63 0.51
Information ratio 0.19 0.02
Tracking error 13.9% 0.4%

Each against its own benchmark: EWT against EEM, Apr 25, 2003 to Oct 23, 2026; VOO against IVV, Sep 17, 2010 to Oct 23, 2026.

Reading

VOO returned more: +804.0% to +662.1%. VOO swung less: 15.9% to 20.5%. VOO fell less at its worst: −31.8% to −38.2%.

Full scorecard

19 measures, with how each is measured
Open ↓
Risk and return: EWT vs VOO: Differences, Returns & Fees
MeasureEWTVOOEdgeHow it is measured
Return
Total return+662.1%+804.0%VOOPrice change plus distributions, reinvested.
Annualized+13.4%+14.6%VOO (slight)Total return as a yearly rate.
Price return+300.4%+575.9%VOOPrice change alone, distributions left out.
Risk
Volatility20.5%15.9%VOOSpread of weekly returns, annualized. Lower is steadier.
Downside deviation14.1%10.9%VOOLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−38.2%−31.8%VOODeepest fall from a high to the low after it.
Upside capture78.9%99.8%Share of its benchmark's rise caught in the weeks it rose.
Downside capture88.6%99.9%Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta0.821.00Not an edgeHow far it moves for each 1% its benchmark moves.
R squared0.671.00Not an edgeShare of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe0.640.84VOOReturn above Treasury bills per unit of volatility.
Sortino0.931.22VOOReturn above Treasury bills per unit of downside deviation.
Treynor0.1550.134Return above Treasury bills per unit of beta.
Calmar0.350.46VOOAnnualized return divided by the max drawdown.
Against the benchmark
BenchmarkEEMIVVThe ETF each fund is measured against.
Alpha+4.5% a year0.0% a yearNot significantYearly return beyond what its beta to the benchmark predicts.
Alpha t-stat1.630.51Not an edgeHow sure the alpha is. Below 2, it could be chance.
Alpha range−0.9% to +9.8%−0.1% to +0.2%Includes zeroThe 95% range for the yearly alpha.
Information ratio0.190.02Return against its benchmark per unit of tracking error.
Tracking error13.9%0.4%Not an edgeHow far weekly returns stray from the benchmark, annualized.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 840 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, EWT and VOO 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 EWT VOO
Only in one fund ↓
Only in EWT
TAIWAN SEMICONDUCTOR MANUFACTURING 22.12%
MEDIATEK 6.03%
HON HAI PRECISION INDUSTRY 3.31%
DELTA ELECTRONICS 3.25%
ASE TECHNOLOGY HOLDING 2.86%
NAN YA PLASTICS CORP 2.54%
UNIMICRON TECHNOLOGY 2.04%
ELITE MATERIAL 1.88%
Only in VOO
NVIDIA Corp 8.40%
Apple Inc 7.39%
Microsoft Corp 5.79%
Amazon.com Inc 3.72%
Alphabet Inc 3.07%
Broadcom Inc 2.54%
Alphabet Inc 2.46%
Meta Platforms Inc 2.43%
Check overlap with more funds →

Side by side

EWT iShares MSCI Taiwan ETF VOO Vanguard S&P 500 ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Taiwan Tracks the S&P 500
Total return, 1 year +69.9% +13.7%
Its benchmark over the same days +16.3% (EEM) +13.7% (IVV)
Gap to its benchmark +53.6 pts vs EEM 0.0 pts vs IVV
Expense ratio 0.59% 0.03%
Already in the S&P 500 0.0% 99.7%
Holdings 79 507
Net assets, EWT as of Oct 28, 2026 and VOO as of Sep 30, 2026 $12.0bn $1.0tn

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

Client brief · page 1 of 2 Report BR-398A2C186F

EWT and VOO do different jobs. What does each one do in a portfolio?

  1. What each follows. EWT follows MSCI Taiwan 25/50 Index and VOO follows S&P 500 Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 EWT returned +69.9% and VOO +13.7% with distributions reinvested, a gap of 56.2 points.

Data as of Oct 28, 2026.

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About each fund
EWT

EWT tracks the MSCI Taiwan. Over the year to Oct 28, 2026 it returned +69.9% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.59% 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 79 positions, with the top ten at 47.7%. It sat 7.7% below its high of Oct 5, 2026 on Oct 28, 2026.

VOO

VOO tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.7% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 507 positions, with the top ten at 39.1%.

Questions people ask

Which returned more over the last year, EWT or VOO?
In the year to Oct 28, 2026, with distributions reinvested, EWT returned +69.9% and VOO +13.7%.
Which is cheaper, EWT or VOO?
VOO is cheaper, by 0.56 percentage points a year. That is about $56 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do EWT and VOO overlap with the S&P 500?
By their latest filed holdings, 0% of EWT and 100% of VOO by weight is stocks the S&P 500 already holds.
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ETFIQ, EWT against VOO, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewt-vs-voo

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