Data as of Oct 28, 2026.

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VUSB vs VWO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VUSB returned +3.5% to VWO's +4.8%; 1% of their weight is in the same names.

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Net assets on Sep 30, 2026: $9.9bn for Vanguard Ultra-Short Bond ETF and $125.4bn for Vanguard FTSE Emerging Markets ETF.

At a glance
+3.5%
VUSB total return, 1 year
+4.8%
VWO total return, 1 year
0.10%
VUSB expense ratio
0.06%
VWO expense ratio

Pair scorecard

VWO costs 0.04 points a year less; their one-year returns differ by 1.3 points; VWO is 12.7 times larger.

VUSB vs VWO: Differences, Returns & Fees
MeasureVUSBVWO
Return
Total return, 1 year+3.5%+4.8%
Drawdown
Below its high7.0%, high on Sep 4, 2026
Benchmark
What it tracksNo index, actively managedFTSE Emerging Markets All Cap China A Inclusion Index
Cost and size
Expense ratio0.10%0.06%
Net assets, as of Sep 30, 2026$9.9bn$125.4bn
Holdings
Holdings in common1%
In the S&P 500, by weight0%
Top ten holdings, share of the fund29.8%

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

What they share

1%

By the books each fund has filed, VUSB and VWO hold 1% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026.

0 half 100%

half

1% in common

Positions both hold · largest shared weight first VUSB VWO
MKTLIQ 2.00% 0.95%
Only in one fund ↓
Only in VUSB
United States Treasury Bill 2.39%
United States Treasury Bill 2.35%
Regions Bank/Birmingham AL 0.89%
PNC Financial Services Group Inc 0.53%
National Bank of Canada 0.53%
Citizens Bank NA/Providence RI 0.48%
US Bancorp 0.47%
Charles Schwab Corp 0.45%
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%
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Side by side

VUSB Vanguard Ultra-Short Bond ETF VWO Vanguard FTSE Emerging Markets ETF
Where it sits Bond ETF Stock ETF
What it is Actively managed Tracks an index of Emerging markets
Total return, 1 year +3.5% +4.8%
Its benchmark over the same days −1.4% (AGG) not measured
Gap to its benchmark +4.9 pts vs AGG not measured
Expense ratio 0.10% 0.06%
Holdings 1344 6515
Net assets, as of Sep 30, 2026 $9.9bn $125.4bn

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

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About each fund
VUSB

VUSB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +3.5% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.10% a year.

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, VUSB or VWO?
In the year to Oct 28, 2026, with distributions reinvested, VUSB returned +3.5% and VWO +4.8%.
Which is cheaper, VUSB or VWO?
VWO 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.
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ETFIQ, VUSB against VWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/vusb-vs-vwo

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