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ETF comparison

VSS vs VWO

International Developed vs International Emerging.

Vanguard FTSE All-World ex-US Small-Cap Index Fund ETF Shares · Vanguard FTSE Emerging Markets Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
7.8 %

2,461 positions appear in both funds. Buying equal dollars of VSS and VWO would leave roughly 7.8% of each dollar exposed to the same underlying securities.

VSS unmatched 90.9% Shared 7.8% VWO unmatched 87.6%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In VSS only
2,357 positions
Shared
2,461 positions
In VWO only
2,519 positions

Side by side

VSS

Vanguard FTSE All-World ex-US Small-Cap Index Fund ETF Shares

Vanguard · International Developed

93 composite / 100
Expense ratio
0.060%
Net assets
$13.99B
whole fund, 3 share classes
TTM yield
3.02%
Top-10 conc.
2.4%
VWO

Vanguard FTSE Emerging Markets Index Fund ETF Shares

Vanguard · International Emerging

89 composite / 100
Expense ratio
0.060%
Net assets
$164.66B
whole fund, 5 share classes
TTM yield
2.14%
Top-10 conc.
27.4%

Sub-score comparison

94
Cost
94
77
Tax efficiency
76
100
Liquidity
100
100
Concentration
75
—
Tracking quality
—
VSS sub-score VWO

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

Expense ratios are effectively identical (0.060% vs 0.060%).

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with VSS vs VWO.

Top shared holdings

2,461 shared in total
# Holding In VSS In VWO Overlap
1 Taiwan Union Technology Corp 0.24% 0.07% 0.07%
2 Kinsus Interconnect Technology Corp 0.18% 0.05% 0.05%
3 Macronix International Co Ltd 0.16% 0.05% 0.05%
4 Compeq Manufacturing Co Ltd 0.15% 0.05% 0.05%
5 WinWay Technology Co Ltd 0.12% 0.04% 0.04%
6 Fibra MTY SAPI de CV 0.12% 0.04% 0.04%
7 LandMark Optoelectronics Corp 0.11% 0.03% 0.03%
8 Radico Khaitan Ltd 0.10% 0.03% 0.03%
9 ADATA Technology Co Ltd 0.10% 0.03% 0.03%
10 L&K Engineering Co Ltd 0.09% 0.03% 0.03%
11 XtalPi Holdings Ltd 0.09% 0.03% 0.03%
12 Innodisk Corp 0.09% 0.03% 0.03%

Only in VSS

2,357 total
  • Hudbay Minerals Inc 0.27%
  • Aritzia Inc 0.27%
  • Finning International Inc 0.24%
  • Storebrand ASA 0.24%
  • Accelleron Industries AG 0.24%
  • Games Workshop Group PLC 0.24%
  • Gaztransport Et Technigaz SA 0.23%
  • South Bow Corp 0.22%
  • Subsea 7 SA 0.21%
  • DPM Metals Inc 0.21%

Only in VWO

2,519 total
  • Taiwan Semiconductor Manufacturing Co Ltd 15.56%
  • Tencent Holdings Ltd 3.31%
  • Alibaba Group Holding Ltd 2.41%
  • MediaTek Inc 1.36%
  • China Construction Bank Corp 0.90%
  • Delta Electronics Inc 0.82%
  • Hon Hai Precision Industry Co Ltd 0.81%
  • Reliance Industries Ltd 0.80%
  • HDFC Bank Ltd 0.78%
  • ICICI Bank Ltd 0.69%

Related comparisons

More comparisons with VSS

More comparisons with VWO

Percentages are holdings overlap with the named fund.

Open VSS or VWO at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.