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

In the year to Oct 28, 2026, with distributions reinvested, VT returned +13.5% and VWO +4.8%.

Which is cheaper, VT or VWO?

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

How much do VT and VWO overlap with the S&P 500?

By their latest filed holdings, 55% of VT and 0% of VWO by weight is stocks the S&P 500 already holds.

Data as of Oct 28, 2026.

Across categories

VT vs VWO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VT returned +13.5% to VWO's +4.8%; 10% of their weight is in the same names.

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Net assets on Sep 30, 2026: $81.8bn for Vanguard Total World Stock Index ETF and $125.4bn for Vanguard FTSE Emerging Markets ETF.

VT on its own →VWO on its own →

At a glance

+13.5%

VT total return, 1 year

+4.8%

VWO total return, 1 year

0.06%

VT expense ratio

0.06%

VWO expense ratio

Pair scorecard

Both cost 0.06% a year; their one-year returns differ by 8.7 points; VWO is 1.5 times larger.

VT vs VWO: Differences, Returns & Fees
Measure	VT	VWO
Return
Measure	VT	VWO
Total return, 1 year	+13.5%	+4.8%
Drawdown
Measure	VT	VWO
Below its high		7.0%, high on Sep 4, 2026
Benchmark
Measure	VT	VWO
What it tracks	FTSE Global All Cap Index	FTSE Emerging Markets All Cap China A Inclusion Index
Cost and size
Measure	VT	VWO
Expense ratio	0.06%	0.06%
Net assets, as of Sep 30, 2026	$81.8bn	$125.4bn
Holdings
Measure	VT	VWO
Holdings in common	10%
Top ten holdings, share of the fund	22.5%	29.8%

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

Risk and return

Jul 3, 2008 to Oct 23, 2026 · 955 weekly returns

VT VWO

Return

Total return edge VT +371.6% +112.5%

Annualized edge VT +8.8% +4.2%

Price return edge VT +221.4% +27.8%

Risk

Volatility edge VT 18.3% 22.2%

Max drawdown edge VT −48.3% −54.6%

Risk-adjusted

Sharpe edge VT 0.48 0.23

Sortino edge VT 0.66 0.33

Calmar edge VT 0.18 0.08

Reading

VT returned more: +371.6% to +112.5%. VT swung less: 18.3% to 22.2%. VT fell less at its worst: −48.3% to −54.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: VT vs VWO: Differences, Returns & Fees
Measure	VT	VWO	Edge	How it is measured
Return
Total return	+371.6%	+112.5%	VT	Price change plus distributions, reinvested.
Annualized	+8.8%	+4.2%	VT	Total return as a yearly rate.
Price return	+221.4%	+27.8%	VT	Price change alone, distributions left out.
Risk
Volatility	18.3%	22.2%	VT	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	13.1%	15.8%	VT	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−48.3%	−54.6%	VT	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.48	0.23	VT	Return above Treasury bills per unit of volatility.
Sortino	0.66	0.33	VT	Return above Treasury bills per unit of downside deviation.
Calmar	0.18	0.08	VT	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 955 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

10%

By the books each fund has filed, VT and VWO hold 10% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

50%

0 half 100%

half

10% in common

Positions both hold · largest shared weight first VT VWO

Taiwan Semiconductor Manufacturing Co Ltd 1.62% 15.76%

MKTLIQ 0.39% 0.95%

Tencent Holdings Ltd 0.29% 2.82%

Alibaba Group Holding Ltd 0.22% 2.11%

MediaTek Inc 0.19% 1.88%

Delta Electronics Inc 0.10% 0.95%

China Construction Bank Corp 0.09% 0.91%

Hon Hai Precision Industry Co Ltd 0.08% 0.80%

HDFC Bank Ltd 0.07% 0.70%

Industrial & Commercial Bank of China Ltd 0.07% 0.65%

ASE Technology Holding Co Ltd 0.06% 0.61%

ICICI Bank Ltd 0.06% 0.60%

Only in one fund ↓

Only in VT

NVIDIA Corp 4.54%

Apple Inc 4.11%

Microsoft Corp 3.25%

Amazon.com Inc 2.06%

Alphabet Inc 1.73%

Broadcom Inc 1.39%

Meta Platforms Inc 1.36%

Alphabet Inc 1.36%

Only in VWO

SLCMT1142 2.96%

Kweichow Moutai Co Ltd 0.06%

Agricultural Bank of China Ltd 0.04%

China Merchants Bank Co Ltd 0.04%

Contemporary Amperex Technology Co Ltd 0.04%

Eoptolink Technology Inc Ltd 0.03%

Zijin Mining Group Co Ltd 0.03%

Zhongji Innolight Co Ltd 0.03%

Check overlap with more funds →

Side by side

VT Vanguard Total World Stock Index ETF VWO Vanguard FTSE Emerging Markets ETF

Where it sits Stock ETF Stock ETF

Issuer Vanguard Vanguard

What it is Tracks an index of Total World Stock Tracks an index of Emerging markets

Total return, 1 year +13.5% +4.8%

Expense ratio 0.06% 0.06%

Already in the S&P 500 54.7% 0.0%

Holdings 10194 6515

Net assets, as of Sep 30, 2026 $81.8bn $125.4bn

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

Client brief · page 1 of 2 Report BR-9E484A9582

VT and VWO do different jobs. What does each one do in a portfolio?

What each follows. VT follows FTSE Global All Cap Index and VWO follows FTSE Emerging Markets All Cap China A Inclusion Index.
Holdings in common. 10% of the weight is in the same securities (holdings dated Sep 30, 2026).
One-year total return. Over 1 year to Oct 28, 2026 VT returned +13.5% and VWO +4.8% with distributions reinvested, a gap of 8.7 points.

Data as of Oct 28, 2026.

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About each fund

VT tracks an index of Total World Stock. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer as of Sep 30, 2026, 55% of the fund by weight is stocks the S&P 500 also holds, across 10,194 positions, with the top ten at 22.5%.

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, VT or VWO?: In the year to Oct 28, 2026, with distributions reinvested, VT returned +13.5% and VWO +4.8%.
Which is cheaper, VT or VWO?: Neither: VT and VWO both charge 0.06% a year. Fees come from each fund's prospectus.
How much do VT and VWO overlap with the S&P 500?: By their latest filed holdings, 55% of VT and 0% of VWO by weight is stocks the S&P 500 already holds.

Other comparisons

IEMG vs VT EEM vs VT AVEM vs VT EMXC vs VT ACWI vs VWO URTH vs VWO EWY vs VWO EWJ vs VWO

Where to next

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

Sources and dates

VT and VWO filings on SEC EDGAR ↗

VT and VWO prospectus with the expense ratio (SEC) ↗

Vanguard page for VT ↗

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.

Cite this pageCitation, APA and Markdown

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

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