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VWO correlations (Vanguard FTSE Emerging Markets ETF)

Every correlation that matters for VWO: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · International

Volatility (ann.)

15.2%

3y weekly

Beta vs S&P 500

0.75

3y weekly

1-year return

+21.6%

price, adjusted

5-year return

+38.2%

price, adjusted

Expense ratio

0.06%

annual

Assets

$162.0B

under management

Dividend yield

2.36%

trailing

Max drawdown

-17.4%

3y, daily closes

VWO over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with VWO

Asset		Correlation (3Y)
IEMG	iShares Core MSCI Emerging Markets ETF	0.96
EEM	iShares MSCI Emerging Markets ETF	0.96
AEF	abrdn Emerging Markets ex-China Fund, Inc.	0.86
EMF	Templeton Emerging Markets Fund	0.86
VEA	Vanguard FTSE Developed Markets ETF	0.83
VT	Vanguard Total World Stock ETF	0.83
ACWI	iShares MSCI ACWI ETF	0.82
IEFA	iShares Core MSCI EAFE ETF	0.81
EFA	iShares MSCI EAFE ETF	0.81
IHD	Voya Emerging Markets High Income Dividend Equity Fund	0.78
IAE	Voya Asia Pacific High Dividend Equity Income Fund ING Asia	0.77
ETO	Eaton Vance Tax-Advantage Global Dividend Opp	0.76
TDF	Templeton Dragon Fund, Inc.	0.76
EXG	Eaton Vance Tax-Managed Global Diversified Equity Income	0.75
CHW	Calamos Global Dynamic Income Fund - Closed End Fund	0.75

Best diversifiers for VWO

If the goal is offsetting VWO, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.61
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.57
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.53
USO	United States Oil Fund	-0.22
ANNA	AleAnna, Inc.	-0.21
MOBX	Mobix Labs, Inc.	-0.21
EHGO	Eshallgo Inc. - Class A	-0.17
MGLD	The Marygold Companies, Inc.	-0.17
PED	Pedevco Corp.	-0.17
CF	CF Industries	-0.17

VWO vs benchmarks

VWO vs its peers

Get VWO data as JSON

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/vwo.json

Correlations, diversifiers, beta and volatility for VWO, plus one endpoint per pair. API documentation.

VWO holdings overlap with other ETFs

ETF		Overlap	Correlation (3Y)
VWO vs EEM	iShares MSCI Emerging Markets ETF	64.1%	0.96
VWO vs IEMG	iShares Core MSCI Emerging Markets ETF	62.7%	0.96
VWO vs FXI	iShares China Large-Cap ETF	17.6%	0.75
VWO vs VT	Vanguard Total World Stock ETF	8.7%	0.83
VWO vs ACWI	iShares MSCI ACWI ETF	7.5%	0.82
VWO vs VEA	Vanguard FTSE Developed Markets ETF	0.9%	0.83
VWO vs IEFA	iShares Core MSCI EAFE ETF	0.8%	0.81
VWO vs EFA	iShares MSCI EAFE ETF	0.5%	0.81
VWO vs ICLN	iShares Global Clean Energy ETF	0.5%	0.58
VWO vs MDY	SPDR S&P MidCap 400 ETF	0.5%	0.62
VWO vs EWJ	iShares MSCI Japan ETF	0.4%	0.71
VWO vs IWM	iShares Russell 2000 ETF	0.4%	0.61
VWO vs QQQ	Invesco QQQ Trust	0.3%	0.70
VWO vs QQQM	Invesco Nasdaq 100 ETF	0.3%	0.70
VWO vs RSP	Invesco S&P 500 Equal Weight ETF	0.2%	0.66
VWO vs SPYV	SPDR Portfolio S&P 500 Value ETF	0.2%	0.61
VWO vs VTI	Vanguard Total Stock Market ETF	0.2%	0.71
VWO vs VTV	Vanguard Value ETF	0.2%	0.60
VWO vs VYM	Vanguard High Dividend Yield ETF	0.2%	0.61
VWO vs IVV	iShares Core S&P 500 ETF	0.1%	0.71
VWO vs MTUM	iShares MSCI USA Momentum Factor ETF	0.1%	0.64
VWO vs QUAL	iShares MSCI USA Quality Factor ETF	0.1%	0.68
VWO vs SCHD	Schwab US Dividend Equity ETF	0.1%	0.44
VWO vs SOXX	iShares Semiconductor ETF	0.1%	0.71
VWO vs SPY	SPDR S&P 500 ETF Trust	0.1%	0.71
VWO vs VIG	Vanguard Dividend Appreciation ETF	0.1%	0.64
VWO vs VNQ	Vanguard Real Estate ETF	0.1%	0.42
VWO vs VOO	Vanguard S&P 500 ETF	0.1%	0.71
VWO vs XLE	Energy Select Sector SPDR Fund	0.1%	0.05
VWO vs DGRO	iShares Core Dividend Growth ETF	0.0%	0.61
VWO vs DIA	SPDR Dow Jones Industrial Average ETF	0%	0.62
VWO vs IBB	iShares Biotechnology ETF	0.0%	0.51
VWO vs SPYG	SPDR Portfolio S&P 500 Growth ETF	0.0%	0.67
VWO vs USMV	iShares MSCI USA Min Vol Factor ETF	0.0%	0.49
VWO vs VUG	Vanguard Growth ETF	0.0%	0.65
VWO vs XLB	Materials Select Sector SPDR Fund	0.0%	0.61
VWO vs XLC	Communication Services Select Sector SPDR Fund	0%	0.55
VWO vs XLF	Financial Select Sector SPDR Fund	0%	0.43
VWO vs XLI	Industrial Select Sector SPDR Fund	0.0%	0.61
VWO vs XLK	Technology Select Sector SPDR Fund	0.0%	0.68
VWO vs XLP	Consumer Staples Select Sector SPDR Fund	0.0%	0.26
VWO vs XLRE	Real Estate Select Sector SPDR Fund	0.0%	0.41
VWO vs XLU	Utilities Select Sector SPDR Fund	0.0%	0.28
VWO vs XLV	Health Care Select Sector SPDR Fund	0%	0.31
VWO vs XLY	Consumer Discretionary Select Sector SPDR Fund	0.0%	0.61