Data as of Oct 28, 2026.
VONG vs VWO: Differences, Returns & Fees
Over the year to Oct 28, 2026, VONG returned +1.1% to VWO's +4.8%; 0% of their weight is in the same names.
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Net assets on Sep 30, 2026: $47.1bn for Vanguard Russell 1000 Growth ETF and $125.4bn for Vanguard FTSE Emerging Markets ETF.
Pair scorecard
Both cost 0.06% a year; their one-year returns differ by 3.7 points; VWO is 2.7 times larger.
Points (pts) are percentage points.
| Measure | VONG | VWO |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.1% | +4.8% |
| Drawdown | ||
| Below its high | 4.8%, high on Oct 6, 2026 | 7.0%, high on Sep 4, 2026 |
| Benchmark | ||
| What it tracks | Russell 1000 Growth Index | FTSE Emerging Markets All Cap China A Inclusion Index |
| Cost and size | ||
| Expense ratio | 0.06% | 0.06% |
| Net assets, as of Sep 30, 2026 | $47.1bn | $125.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 57.6% | 29.8% |
Holdings in common uses holdings dated Sep 30, 2026. Method
Risk and return
Oct 1, 2010 to Oct 23, 2026 · 838 weekly returnsVONG returned more: +1,017.5% to +92.2%. VONG swung slightly less: 17.9% to 18.5%. VONG fell slightly less at its worst: −32.5% to −35.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | VONG | VWO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +1,017.5% | +92.2% | VONG | Price change plus distributions, reinvested. |
| Annualized | +16.2% | +4.1% | VONG | Total return as a yearly rate. |
| Price return | +840.0% | +23.1% | VONG | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 17.9% | 18.5% | VONG (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.0% | 13.1% | VONG (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −32.5% | −35.3% | VONG (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.84 | 0.23 | VONG | Return above Treasury bills per unit of volatility. |
| Sortino | 1.25 | 0.32 | VONG | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.50 | 0.12 | VONG | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 838 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, VONG and VWO hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
VONG and VWO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
VONG and VWO do different jobs. What does each one do in a portfolio?
- What each follows. VONG follows Russell 1000 Growth 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 Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 VONG returned +1.1% and VWO +4.8% with distributions reinvested, a gap of 3.7 points.
Data as of Oct 28, 2026.
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VONG
VONG tracks the Russell 1000 Growth. Over the year to Oct 28, 2026 it returned +1.1% with distributions reinvested, against +0.9% for its benchmark, the Russell 1000 Growth Index. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 373 positions, with the top ten at 57.6%. It sat 4.8% below its high of Oct 6, 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. 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
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, VONG against VWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vong-vs-vwo
ETFIQ. (Oct 28, 2026). VONG against VWO. Retrieved from https://etfiq.com/compare/any/vong-vs-vwo
[VONG against VWO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/vong-vs-vwo)
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