VWO
Vanguard Emerging Markets Stock Index Fund
#6 of 6 in Broad Regions by own-history percentile (high → low)
Relative to SPY
Relative price history
VWO ÷ SPY, 10-year range, as of Jul 17, 2026
How the reading moved
These changes re-score an older VWO÷SPY ratio against today's 10-year window, so they show whether the relative price has drifted toward the highs or lows of its own history — not a peer ranking and not a return forecast.
- About one week: -3.3 pts (from 8.9% on Jun 30, 2026 to 5.6% now)
- About one month: -1.8 pts (from 7.4% on May 29, 2026 to 5.6% now)
Broad Regions
Where this sits among peers
Broad Regions · VWO highlighted · same axes as the category chart on the home page
Top holdings
Holdings snapshot as of Jul 17, 2026.
What moves this
VWO's relative price is disproportionately driven by its largest country weights — China, India, Taiwan, and Korea — so broad 'emerging markets' sentiment in the financial press often really means sentiment about one or two of those economies rather than the emerging-market growth story as a whole.
FAQ
Is emerging markets one unified asset class?
Not really — the largest constituent countries have different economic drivers (semiconductor exports, domestic consumption, commodities), so 'EM' as a single ratio can mask very different stories underneath.
Does China dominate this basket?
China is typically one of the largest single-country weights, so China-specific news can move this basket's relative price more than developments in smaller constituent markets.
How is this different from the individual country pages?
This page reports the blended, market-cap-weighted result; the individual country pages (China, Korea, Taiwan, India, etc.) isolate a single market's own relative-price history.
Broad Regions