Which returned more over the last year, VBIL or VWO?

In the year to Oct 28, 2026, with distributions reinvested, VBIL returned +3.7% and VWO +4.8%.

Which is cheaper, VBIL or VWO?

Neither: VBIL and VWO both charge 0.06% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

VBIL vs VWO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VBIL returned +3.7% to VWO's +4.8%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $12.8bn for Vanguard 0-3 Month Treasury Bill ETF and $125.4bn for Vanguard FTSE Emerging Markets ETF.

VBIL on its own →VWO on its own →

At a glance

+3.7%

VBIL total return, 1 year

+4.8%

VWO total return, 1 year

0.06%

VBIL expense ratio

0.06%

VWO expense ratio

Pair scorecard

Both cost 0.06% a year; their one-year returns differ by 1.1 points; VWO is 9.8 times larger.

VBIL vs VWO: Differences, Returns & Fees
Measure	VBIL	VWO
Return
Measure	VBIL	VWO
Total return, 1 year	+3.7%	+4.8%
Drawdown
Measure	VBIL	VWO
Below its high		7.0%, high on Sep 4, 2026
Benchmark
Measure	VBIL	VWO
What it tracks	Bloomberg U.S. Treasury Bills 0-3 Months Index	FTSE Emerging Markets All Cap China A Inclusion Index
Cost and size
Measure	VBIL	VWO
Expense ratio	0.06%	0.06%
Net assets, as of Sep 30, 2026	$12.8bn	$125.4bn
Holdings
Measure	VBIL	VWO
Holdings in common	0%
In the S&P 500, by weight		0%
Top ten holdings, share of the fund		29.8%

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

What they share

By the books each fund has filed, VBIL and VWO hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VBIL VWO

MKTLIQ 0.02% 0.95%

Only in one fund ↓

Only in VBIL

United States Treasury Bill 5.76%

United States Treasury Bill 5.74%

United States Treasury Bill 5.21%

United States Treasury Bill 5.19%

United States Treasury Bill 5.11%

United States Treasury Bill 5.04%

United States Treasury Bill 4.95%

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%

Delta Electronics Inc 0.95%

China Construction Bank Corp 0.91%

Hon Hai Precision Industry Co Ltd 0.80%

Check overlap with more funds →

Side by side

VBIL Vanguard 0-3 Month Treasury Bill ETF VWO Vanguard FTSE Emerging Markets ETF

Where it sits Bond ETF Stock ETF

Issuer Vanguard Vanguard

What it is Tracks an index of 0-3 Month Treasury Bill Tracks an index of Emerging markets

Total return, 1 year +3.7% +4.8%

Expense ratio 0.06% 0.06%

Holdings 28 6515

Net assets, as of Sep 30, 2026 $12.8bn $125.4bn

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

Alert

About each fund

VBIL

VBIL tracks an index of 0-3 Month Treasury Bill. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

VWO

VWO tracks an index of Emerging markets. Over the year to Oct 28, 2026 it returned +4.8% with distributions reinvested. 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, VBIL or VWO?: In the year to Oct 28, 2026, with distributions reinvested, VBIL returned +3.7% and VWO +4.8%.
Which is cheaper, VBIL or VWO?: Neither: VBIL and VWO both charge 0.06% a year. Fees come from each fund's prospectus.

Other comparisons

IEMG vs VBIL EEM vs VBIL AVEM vs VBIL EMXC vs VBIL BIL vs VWO SGOV vs VWO BOXX vs VWO MINT vs VWO

Where to next

VBIL on its own →VWO on its own →Hold both: look the portfolio through →Rankings →VBIL dividend history →VBIL holdings →VWO dividend history →VWO holdings →Standards and sources →

Sources and dates

VBIL filings on SEC EDGAR ↗

VBIL prospectus with the expense ratio (SEC) ↗

Vanguard page for VBIL ↗

VWO filings on SEC EDGAR ↗

VWO prospectus with the expense ratio (SEC) ↗

Vanguard page for VWO ↗

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, VBIL against VWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vbil-vs-vwo

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.