Data as of Oct 28, 2026.

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GOVT vs VWO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, GOVT returned −1.5% to VWO's +4.8%; 0% of their weight is in the same names.

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Net assets: $42.8bn on Oct 27, 2026 for iShares U.S. Treasury Bond ETF, and $125.4bn on Sep 30, 2026 for Vanguard FTSE Emerging Markets ETF.

At a glance
−1.5%
GOVT total return, 1 year
+4.8%
VWO total return, 1 year
0.05%
GOVT expense ratio
0.06%
VWO expense ratio

Pair scorecard

GOVT costs 0.01 points a year less; their one-year returns differ by 6.3 points; VWO is 3.0 times larger.

GOVT vs VWO: Differences, Returns & Fees
MeasureGOVTVWO
Return
Total return, 1 year−1.5%+4.8%
Drawdown
Below its high8.1%, high on Aug 4, 20207.0%, high on Sep 4, 2026
Benchmark
What it tracksICE U.S. Treasury Core Bond IndexFTSE Emerging Markets All Cap China A Inclusion Index
Cost and size
Expense ratio0.05%0.06%
Net assets, as of Sep 30, 2026$41.4bn$125.4bn
Holdings
Holdings in common0%
In the S&P 500, by weight0%
Top ten holdings, share of the fund29.8%

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, GOVT and VWO 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 GOVT VWO
Only in one fund ↓
Only in GOVT
TREASURY NOTE 5.17%
TREASURY NOTE 2.98%
TREASURY NOTE 2.12%
TREASURY NOTE 1.95%
TREASURY NOTE 1.65%
TREASURY BOND 1.51%
TREASURY BOND 1.46%
TREASURY BOND 1.42%
Only in VWO
Taiwan Semiconductor Manufacturing Co Ltd 15.76%
SLCMT1142 2.96%
Tencent Holdings Ltd 2.82%
Alibaba Group Holding Ltd 2.11%
MediaTek Inc 1.88%
MKTLIQ 0.95%
Delta Electronics Inc 0.95%
China Construction Bank Corp 0.91%
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Side by side

GOVT iShares U.S. Treasury Bond ETF VWO Vanguard FTSE Emerging Markets ETF
Where it sits Bond ETF Stock ETF
What it is Tracks an index of U.S. Treasury Bond Tracks an index of Emerging markets
Total return, 1 year −1.5% +4.8%
Expense ratio 0.05% 0.06%
Holdings 229 6515
Net assets, GOVT as of Oct 27, 2026 and VWO as of Sep 30, 2026 $42.8bn $125.4bn

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

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About each fund
GOVT

GOVT tracks an index of U.S. Treasury Bond. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 8.1% below its high of Aug 4, 2020 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, GOVT or VWO?
In the year to Oct 28, 2026, with distributions reinvested, GOVT returned −1.5% and VWO +4.8%.
Which is cheaper, GOVT or VWO?
GOVT is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, GOVT against VWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/govt-vs-vwo

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