Data as of Oct 28, 2026.

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VWO vs XHB: Differences, Returns & Fees

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Over the year to Oct 28, 2026, VWO returned +4.8% to XHB's −8.6%; 0% of their weight is in the same names.

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Net assets: $125.4bn on Sep 30, 2026 for Vanguard FTSE Emerging Markets ETF, and $1.5bn on Oct 27, 2026 for State Street SPDR S&P Homebuilders ETF.

At a glance
+4.8%
VWO total return, 1 year
−8.6%
XHB total return, 1 year
0.06%
VWO expense ratio
0.35%
XHB expense ratio

Pair scorecard

VWO costs 0.29 points a year less; their one-year returns differ by 13.4 points; VWO is far larger, $125.4bn against $1.4bn.

VWO vs XHB: Differences, Returns & Fees
MeasureVWOXHB
Return
Total return, 1 year+4.8%−8.6%
Drawdown
Below its high7.0%, high on Sep 4, 202620.5%, high on Oct 18, 2024
Benchmark
What it tracksFTSE Emerging Markets All Cap China A Inclusion IndexS&P Homebuilders Select Industry Index
Cost and size
Expense ratio0.06%0.35%
Net assets, as of Sep 30, 2026$125.4bn$1.4bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund29.8%35.4%

Holdings in common uses holdings dated Sep 30, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, VWO and XHB hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first VWO XHB
Only in one fund ↓
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%
MKTLIQ 0.95%
Delta Electronics Inc 0.95%
China Construction Bank Corp 0.91%
Only in XHB
ALLEGION PLC 3.83%
SHARKNINJA INC 3.76%
WAYFAIR INC CLASS A 3.63%
WILLIAMS SONOMA INC 3.54%
SIMPSON MANUFACTURING CO INC 3.49%
MASCO CORP 3.49%
JOHNSON CONTROLS INTERNATION 3.46%
DR HORTON INC 3.41%
Check overlap with more funds →

Side by side

VWO Vanguard FTSE Emerging Markets ETF XHB State Street SPDR S&P Homebuilders ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of Emerging markets Tracks the S&P Homebuilders
Total return, 1 year +4.8% −8.6%
Expense ratio 0.06% 0.35%
Already in the S&P 500 0.0% 45.7%
Holdings 6515 34
Net assets, VWO as of Sep 30, 2026 and XHB as of Oct 27, 2026 $125.4bn $1.5bn

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

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About each fund
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.

XHB

XHB tracks the S&P Homebuilders. Over the year to Oct 28, 2026 it returned −8.6% with distributions reinvested. The prospectus expense ratio is 0.35% a year. By its holdings published by its issuer for Oct 27, 2026, 46% of the fund by weight is stocks the S&P 500 also holds, across 34 positions, with the top ten at 35.4%. It sat 20.5% below its high of Oct 18, 2024 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, VWO or XHB?
In the year to Oct 28, 2026, with distributions reinvested, VWO returned +4.8% and XHB −8.6%.
Which is cheaper, VWO or XHB?
VWO is cheaper, by 0.29 percentage points a year. That is about $29 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do VWO and XHB overlap with the S&P 500?
By their latest filed holdings, 0% of VWO and 46% of XHB by weight is stocks the S&P 500 already holds.
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ETFIQ, VWO against XHB, data as of Oct 28, 2026. https://etfiq.com/compare/any/vwo-vs-xhb

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