Data as of Oct 28, 2026.

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IEMG vs VXUS: Differences, Returns & Fees

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Over the year to Oct 28, 2026, IEMG returned +15.3% to VXUS's +13.8%; 26% of their weight is in the same names.

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Net assets: $150.4bn on Oct 27, 2026 for iShares Core MSCI Emerging Markets ETF, and $163.2bn on Sep 30, 2026 for Vanguard Total International Stock ETF.

At a glance
+15.3%
IEMG total return, 1 year
+13.8%
VXUS total return, 1 year
0.09%
IEMG expense ratio
0.05%
VXUS expense ratio

Pair scorecard

VXUS costs 0.04 points a year less; their one-year returns differ by 1.5 points.

IEMG vs VXUS: Differences, Returns & Fees
MeasureIEMGVXUS
Return
Total return, 1 year+15.3%+13.8%
Drawdown
Below its high10.1%, high on Jun 22, 20265.1%, high on Sep 4, 2026
Benchmark
What it tracksMSCI Emerging Markets Investable Market Index (IMI)FTSE Global All Cap ex US Index
Cost and size
Expense ratio0.09%0.05%
Net assets, as of Sep 30, 2026$160.1bn$163.2bn
Holdings
Holdings in common26%
Top ten holdings, share of the fund32.7%14.6%

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

Risk and return

Nov 2, 2012 to Oct 23, 2026 · 729 weekly returns
IEMG VXUS
Return
Total return edge VXUS +120.7% +179.0%
Annualized edge VXUS +5.8% +7.6%
Price return edge VXUS +56.0% +84.4%
Risk
Volatility edge VXUS 18.2% 15.7%
Max drawdown edge VXUS (slight) −37.1% −34.6%
Risk-adjusted
Sharpe edge VXUS 0.30 0.43
Sortino edge VXUS 0.42 0.60
Calmar edge VXUS 0.16 0.22
Reading

VXUS returned more: +179.0% to +120.7%. VXUS swung less: 15.7% to 18.2%. VXUS fell slightly less at its worst: −34.6% to −37.1%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IEMG vs VXUS: Differences, Returns & Fees
MeasureIEMGVXUSEdgeHow it is measured
Return
Total return+120.7%+179.0%VXUSPrice change plus distributions, reinvested.
Annualized+5.8%+7.6%VXUSTotal return as a yearly rate.
Price return+56.0%+84.4%VXUSPrice change alone, distributions left out.
Risk
Volatility18.2%15.7%VXUSSpread of weekly returns, annualized. Lower is steadier.
Downside deviation13.0%11.2%VXUSLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−37.1%−34.6%VXUS (slight)Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.300.43VXUSReturn above Treasury bills per unit of volatility.
Sortino0.420.60VXUSReturn above Treasury bills per unit of downside deviation.
Calmar0.160.22VXUSAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 729 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

26%

By the books each fund has filed, IEMG and VXUS hold 26% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

26% in common

Positions both hold · largest shared weight first IEMG VXUS
TAIWAN SEMICONDUCTOR MANUFACTURING 14.03% 4.27%
SAMSUNG ELECTRONICS LTD 6.05% 2.03%
SK HYNIX 4.31% 1.67%
TENCENT HOLDINGS 2.32% 0.76%
ALIBABA GROUP HOLDING 1.60% 0.57%
MEDIATEK 1.36% 0.51%
DELTA ELECTRONICS 0.70% 0.26%
HON HAI PRECISION INDUSTRY 0.72% 0.22%
HDFC BANK 0.63% 0.19%
RELIANCE INDUSTRIES LTD 0.56% 0.19%
SK SQUARE 0.45% 0.17%
ASE TECHNOLOGY HOLDING 0.52% 0.17%
Only in one fund ↓
Only in IEMG
CHINA CONSTRUCTION BANK CORP H 0.83%
SAMSUNG ELECTRONICS NON VOTING PRE 0.80%
INDUSTRIAL AND COMMERCIAL BANK OF 0.48%
BANK OF CHINA LTD H 0.40%
NU HOLDINGS CLASS A 0.35%
PETROLEO BRASILEIRO PREF SA 0.35%
CIA VALE DO RIO DOCE SH 0.33%
UNITED MICRO ELECTRONICS CORP 0.33%
Only in VXUS
SLCMT1142 1.66%
ASML Holding NV 1.55%
HSBC Holdings PLC 0.76%
Roche Holding AG 0.66%
Shell PLC 0.62%
Royal Bank of Canada 0.62%
Novartis AG 0.60%
MKTLIQ 0.59%
Check overlap with more funds →

Side by side

IEMG iShares Core MSCI Emerging Markets ETF VXUS Vanguard Total International Stock ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the MSCI Emerging Markets Tracks an index of Total International Stock
Total return, 1 year +15.3% +13.8%
Its benchmark over the same days +16.3% (EEM) not measured
Gap to its benchmark −1.0 pts vs EEM not measured
Expense ratio 0.09% 0.05%
Already in the S&P 500 0.0% 0.0%
Holdings 2857 8913
Net assets, IEMG as of Oct 27, 2026 and VXUS as of Sep 30, 2026 $150.4bn $163.2bn

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

Client brief · page 1 of 2 Report BR-3E6F2B3521

IEMG and VXUS do different jobs. What does each one do in a portfolio?

  1. What each follows. IEMG follows MSCI Emerging Markets Investable Market Index (IMI) and VXUS follows FTSE Global All Cap ex US Index.
  2. Holdings in common. 26% of the weight is in the same securities (holdings dated Oct 27, 2026 and Sep 30, 2026).
  3. Number of holdings. IEMG holds 2,857 positions and VXUS holds 8913.

Data as of Oct 28, 2026.

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About each fund
IEMG

IEMG tracks the MSCI Emerging Markets. Over the year to Oct 28, 2026 it returned +15.3% with distributions reinvested, against +16.3% for its benchmark, the MSCI Emerging Markets Index. The prospectus expense ratio is 0.09% 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 2,857 positions, with the top ten at 32.7%. It sat 10.1% below its high of Jun 22, 2026 on Oct 28, 2026.

VXUS

VXUS tracks an index of Total International Stock. Over the year to Oct 28, 2026 it returned +13.8% with distributions reinvested. The prospectus expense ratio is 0.05% 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 8,913 positions, with the top ten at 14.6%. It sat 5.1% below its high of Sep 4, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IEMG or VXUS?
In the year to Oct 28, 2026, with distributions reinvested, IEMG returned +15.3% and VXUS +13.8%.
Which is cheaper, IEMG or VXUS?
VXUS is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do IEMG and VXUS overlap with the S&P 500?
By their latest filed holdings, 0% of IEMG and 0% of VXUS by weight is stocks the S&P 500 already holds.
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ETFIQ, IEMG against VXUS, data as of Oct 28, 2026. https://etfiq.com/compare/any/iemg-vs-vxus

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