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IEMG vs VWO: Performance & Backtest Comparison
IEMG delivered the higher return - 6.00% CAGR vs 5.37% - over 2012-11-30 → 2026-07-31.
Growth comparison
Drawdown
Annual returns
| IEMG | VWO | |
|---|---|---|
| Name | iShares Core MSCI Emerging Markets ETF | Vanguard FTSE Emerging Markets ETF |
| CAGR | 6.00% | 5.37% |
| Total return | 122.80% | 105.38% |
| Volatility | 16.48% | 15.67% |
| Max drawdown | -34.57%Oct 2022 | -31.86%Oct 2022 |
| Sharpe | 0.33 | 0.31 |
| Sortino | 0.53 | 0.49 |
| Best year | 35.02% | 30.86% |
| Worst year | -21.06% | -17.99% |
| Final balance | $22,280 | $20,538 |
Correlation of monthly returns: 0.98. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, IEMG or VWO?
Over 2012-11-30 to 2026-07-31, IEMG performed better: 6.00% annualized versus 5.37% for VWO, with dividends reinvested. Past performance does not guarantee future results.
How similar are IEMG and VWO?
Their monthly returns have a correlation of 0.98 over the common period. IEMG is iShares Core MSCI Emerging Markets ETF; VWO is Vanguard FTSE Emerging Markets ETF.
Which is riskier, IEMG or VWO?
Over the common period IEMG had 16.48% annualized volatility and a -34.57% max drawdown, versus 15.67% and -31.86% for VWO.