Data as of Oct 28, 2026.

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VTI vs VWO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VTI returned +13.5% to VWO's +4.8%; 0% of their weight is in the same names.

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Net assets on Sep 30, 2026: $689.2bn for Vanguard Morningstar Total Stock Market ETF and $125.4bn for Vanguard FTSE Emerging Markets ETF.

At a glance
+13.5%
VTI total return, 1 year
+4.8%
VWO total return, 1 year
0.03%
VTI expense ratio
0.06%
VWO expense ratio

Pair scorecard

VTI costs 0.03 points a year less; their one-year returns differ by 8.7 points; VTI is 5.5 times larger.

VTI vs VWO: Differences, Returns & Fees
MeasureVTIVWO
Return
Total return, 1 year+13.5%+4.8%
Drawdown
Below its high7.0%, high on Sep 4, 2026
Benchmark
What it tracksMorningstar US Total Market IndexFTSE Emerging Markets All Cap China A Inclusion Index
Cost and size
Expense ratio0.03%0.06%
Net assets, as of Sep 30, 2026$689.2bn$125.4bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund34.7%29.8%

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

Risk and return

Mar 18, 2005 to Oct 23, 2026 · 1,127 weekly returns
VTI VWO
Return
Total return edge VTI +847.3% +309.0%
Annualized edge VTI +10.9% +6.7%
Price return edge VTI +542.6% +133.1%
Risk
Volatility edge VTI 17.9% 22.3%
Max drawdown edge VTI −54.8% −63.8%
Risk-adjusted
Sharpe edge VTI 0.57 0.32
Sortino edge VTI 0.80 0.46
Calmar edge VTI 0.20 0.11
Reading

VTI returned more: +847.3% to +309.0%. VTI swung less: 17.9% to 22.3%. VTI fell less at its worst: −54.8% to −63.8%.

Full scorecard

9 measures, with how each is measured
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Risk and return: VTI vs VWO: Differences, Returns & Fees
MeasureVTIVWOEdgeHow it is measured
Return
Total return+847.3%+309.0%VTIPrice change plus distributions, reinvested.
Annualized+10.9%+6.7%VTITotal return as a yearly rate.
Price return+542.6%+133.1%VTIPrice change alone, distributions left out.
Risk
Volatility17.9%22.3%VTISpread of weekly returns, annualized. Lower is steadier.
Downside deviation12.7%15.8%VTILike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−54.8%−63.8%VTIDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.570.32VTIReturn above Treasury bills per unit of volatility.
Sortino0.800.46VTIReturn above Treasury bills per unit of downside deviation.
Calmar0.200.11VTIAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,127 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VTI VWO
SLCMT1142 0.21% 2.96%
MKTLIQ 0.05% 0.95%
TE Connectivity PLC 0.08% 0.01%
Estee Lauder Cos Inc 0.03% 0.01%
Lululemon Athletica Inc 0.01% 0.01%
Box Inc 0.01% 0.01%
Macy's Inc 0.01% 0.00%
Albertsons Cos Inc 0.01% 0.00%
Everforth Inc 0.00% 0.00%
Carter Bankshares Inc 0.00% 0.01%
Karat Packaging Inc 0.00% 0.02%
Polaris Inc 0.00% 0.00%
Only in one fund ↓
Only in VTI
NVIDIA Corp 7.14%
Apple Inc 6.63%
Microsoft Corp 5.20%
Amazon.com Inc 3.30%
Alphabet Inc 2.76%
Broadcom Inc 2.28%
Meta Platforms Inc 2.18%
Alphabet Inc 2.18%
Only in VWO
Taiwan Semiconductor Manufacturing Co Ltd 15.76%
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%
HDFC Bank Ltd 0.70%
Check overlap with more funds →

Side by side

VTI Vanguard Morningstar Total Stock Market ETF VWO Vanguard FTSE Emerging Markets ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of US total market Tracks an index of Emerging markets
Total return, 1 year +13.5% +4.8%
Expense ratio 0.03% 0.06%
Already in the S&P 500 88.1% 0.0%
Holdings 3521 6515
Net assets, as of Sep 30, 2026 $689.2bn $125.4bn

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

Client brief · page 1 of 2 Report BR-595FE7C7C5

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

  1. What each follows. VTI follows Morningstar US Total Market Index and VWO follows FTSE Emerging Markets All Cap China A Inclusion Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Sep 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 VTI 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
VTI

VTI tracks an index of US total market. Over the year to Oct 28, 2026 it returned +13.5% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 3,521 positions, with the top ten at 34.7%.

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, VTI or VWO?
In the year to Oct 28, 2026, with distributions reinvested, VTI returned +13.5% and VWO +4.8%.
Which is cheaper, VTI or VWO?
VTI is cheaper, by 0.03 percentage points a year. That is about $3 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VTI and VWO overlap with the S&P 500?
By their latest filed holdings, 88% of VTI and 0% of VWO by weight is stocks the S&P 500 already holds.
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ETFIQ, VTI against VWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vti-vs-vwo

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