Data as of Oct 28, 2026.
EWY vs VWO: Differences, Returns & Fees
Over the year to Oct 28, 2026, EWY returned +79.7% to VWO's +4.8%; 0% of their weight is in the same names.
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Net assets: $24.4bn on Oct 28, 2026 for iShares MSCI South Korea ETF, and $125.4bn on Sep 30, 2026 for Vanguard FTSE Emerging Markets ETF.
Pair scorecard
VWO costs 0.53 points a year less; their one-year returns differ by 74.9 points; VWO is 4.8 times larger.
| Measure | EWY | VWO |
|---|---|---|
| Return | ||
| Total return, 1 year | +79.7% | +4.8% |
| Drawdown | ||
| Below its high | 24.3%, high on Jun 18, 2026 | 7.0%, high on Sep 4, 2026 |
| Benchmark | ||
| What it tracks | MSCI Korea 25/50 Daily 25 Capped Index | FTSE Emerging Markets All Cap China A Inclusion Index |
| Cost and size | ||
| Expense ratio | 0.59% | 0.06% |
| Net assets, as of Sep 30, 2026 | $26.2bn | $125.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 60.9% | 29.8% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method
Risk and return
Mar 18, 2005 to Oct 23, 2026 · 1,127 weekly returnsEWY returned more: +526.4% to +309.0%. VWO swung less: 22.3% to 29.2%. VWO fell slightly less at its worst: −63.8% to −70.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EWY | VWO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +526.4% | +309.0% | EWY | Price change plus distributions, reinvested. |
| Annualized | +8.8% | +6.7% | EWY | Total return as a yearly rate. |
| Price return | +359.1% | +133.1% | EWY | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 29.2% | 22.3% | VWO | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 20.0% | 15.8% | VWO | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −70.1% | −63.8% | VWO (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.37 | 0.32 | EWY | Return above Treasury bills per unit of volatility. |
| Sortino | 0.54 | 0.46 | EWY | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.13 | 0.11 | EWY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,127 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EWY and VWO hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
EWY and VWO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
EWY and VWO do different jobs. What does each one do in a portfolio?
- What each follows. EWY follows MSCI Korea 25/50 Daily 25 Capped Index and VWO follows FTSE Emerging Markets All Cap China A Inclusion Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 EWY returned +79.7% and VWO +4.8% with distributions reinvested, a gap of 74.9 points.
Data as of Oct 28, 2026.
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EWY
EWY tracks the MSCI South Korea. Over the year to Oct 28, 2026 it returned +79.7% 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 78 positions, with the top ten at 60.9%. It sat 24.3% below its high of Jun 18, 2026 on Oct 28, 2026.
VWO
VWO tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 6,515 positions, with the top ten at 29.8%. It sat 7.0% below its high of Sep 4, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, EWY or VWO?
- In the year to Oct 28, 2026, with distributions reinvested, EWY returned +79.7% and VWO +4.8%.
- Which is cheaper, EWY or VWO?
- VWO is cheaper, by 0.53 percentage points a year. That is about $53 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. 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.
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ETFIQ, EWY against VWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/ewy-vs-vwo
ETFIQ. (Oct 28, 2026). EWY against VWO. Retrieved from https://etfiq.com/compare/any/ewy-vs-vwo
[EWY against VWO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ewy-vs-vwo)
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