Data Source: from January 1995 to December 2023 (~29 years)
Consolidated Returns as of 31 December 2023
Category: Stocks
Vanguard FTSE Emerging Markets (VWO) ETF
ETF • LIVE PERFORMANCE (USD currency)
3.33%
December 2023
In the last 20 Years, the Vanguard FTSE Emerging Markets (VWO) ETF obtained a 6.67% compound annual return, with a 20.89% standard deviation.
Table of contents
The ETF is related to the following investment themes:
- Asset Class: Equity
- Size: Large Cap
- Style: Blend
- Region: Emerging Markets
- Country: Broad Emerging Markets
Investment Returns as of Dec 31, 2023
The Vanguard FTSE Emerging Markets (VWO) ETF guaranteed the following returns.
Returns are calculated in USD, assuming:
- no fees or capital gain taxes.
- the reinvestment of dividends.
- the actual US Inflation rates.
VANGUARD FTSE EMERGING MARKETS (VWO) ETF
Consolidated returns as of 31 December 2023
Swipe left to see all data
| Chg (%) | Return (%) | Return (%) as of Dec 31, 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Day | Time ET(*) | Jan 2024 | 1M | 6M | 1Y | 5Y | 10Y | 20Y | MAX (~29Y) | |||
| Vanguard FTSE Emerging Markets (VWO) ETF | n.a. | n.a. | 3.33 | 4.05 | 9.27 | 4.78 | 2.94 | 6.67 | 5.55 | |||
| US Inflation Adjusted return | 3.33 | 3.39 | 5.62 | 0.65 | 0.14 | 3.99 | 2.97 | |||||
Returns over 1 year are annualized | Available data source: since Jan 1995
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Nov 2023.
Pending updates, the monthly inflation is set at 0% for the subsequent periods.Current inflation (annualized) is 1Y: 3.45% , 5Y: 4.09% , 10Y: 2.80% , 20Y: 2.59%
Live update: World Markets and Indexes
In 2023, the Vanguard FTSE Emerging Markets (VWO) ETF granted a 3.75% dividend yield. If you are interested in getting periodic income, please refer to the Vanguard FTSE Emerging Markets (VWO) ETF: Dividend Yield page.
Capital Growth as of Dec 31, 2023
An investment of 1$, since January 2004, now would be worth 3.64$, with a total return of 264.01% (6.67% annualized).
The Inflation Adjusted Capital now would be 2.18$, with a net total return of 118.49% (3.99% annualized).
An investment of 1$, since January 1995, now would be worth 4.79$, with a total return of 379.01% (5.55% annualized).
The Inflation Adjusted Capital now would be 2.34$, with a net total return of 133.54% (2.97% annualized).
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Investment Metrics as of Dec 31, 2023
Metrics of Vanguard FTSE Emerging Markets (VWO) ETF, updated as of 31 December 2023.
Metrics are calculated based on monthly returns, assuming:
- no fees or capital gain taxes.
- the reinvestment of dividends.
- the actual US Inflation rates.
VANGUARD FTSE EMERGING MARKETS (VWO) ETF
Advanced Metrics
Data Source: 1 January 1995 - 31 December 2023 (~29 years)
Swipe left to see all data
| Metrics as of Dec 31, 2023 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | 20Y | MAX (~29Y) | |
| Investment Return (%) | 3.33 | 7.08 | 4.05 | 9.27 | -3.18 | 4.78 | 2.94 | 6.67 | 5.55 |
| Infl. Adjusted Return (%) details | 3.33 | 7.33 | 3.39 | 5.62 | -8.34 | 0.65 | 0.14 | 3.99 | 2.97 |
| US Inflation (%) | 0.00 | -0.24 | 0.64 | 3.45 | 5.64 | 4.09 | 2.80 | 2.59 | 2.51 |
| Pending updates, the monthly inflation after Nov 2023 is set at 0%.Returns / Inflation rates over 1 year are annualized. | |||||||||
DRAWDOWN Inflation Adjusted: Inflation Adjusted: | 1Y | 3Y | 5Y | 10Y | 20Y | MAX | |||
| Deepest Drawdown Depth (%) | -11.19 | -31.86 | -31.86 | -31.86 | -61.73 | -61.73 | |||
| Start to Recovery (# months) details | 5* | 30* | 30* | 30* | 120 | 120 | |||
| Start (yyyy mm) | 2023 08 | 2021 07 | 2021 07 | 2021 07 | 2007 11 | 2007 11 | |||
| Start to Bottom (# months) | 3 | 16 | 16 | 16 | 16 | 16 | |||
| Bottom (yyyy mm) | 2023 10 | 2022 10 | 2022 10 | 2022 10 | 2009 02 | 2009 02 | |||
| Bottom to End (# months) | 2 | 14 | 14 | 14 | 104 | 104 | |||
| End (yyyy mm) | - | - | - | - | 2017 10 | 2017 10 | |||
| Longest Drawdown Depth (%) | -7.46 | same as deepest | same as deepest | -29.25 | same as deepest | same as deepest | |||
| Start to Recovery (# months) details | 6 | 35 | |||||||
| Start (yyyy mm) | 2023 02 | 2021 07 | 2021 07 | 2014 09 | 2007 11 | 2007 11 | |||
| Start to Bottom (# months) | 4 | 16 | 16 | 18 | 16 | 16 | |||
| Bottom (yyyy mm) | 2023 05 | 2022 10 | 2022 10 | 2016 02 | 2009 02 | 2009 02 | |||
| Bottom to End (# months) | 2 | 14 | 14 | 17 | 104 | 104 | |||
| End (yyyy mm) | 2023 07 | - | - | 2017 07 | 2017 10 | 2017 10 | |||
| Longest negative period (# months) details | 10 | 36* | 54 | 98 | 180 | 180 | |||
| Period Start (yyyy mm) | 2023 01 | 2021 01 | 2019 05 | 2014 09 | 2007 11 | 2007 11 | |||
| Period End (yyyy mm) | 2023 10 | 2023 12 | 2023 10 | 2022 10 | 2022 10 | 2022 10 | |||
| Annualized Return (%) | -1.51 | -3.18 | -0.01 | -0.26 | -0.60 | -0.60 | |||
| Drawdowns / Negative periods marked with * are in progress | |||||||||
| Deepest Drawdown Depth (%) | -11.76 | -37.87 | -37.87 | -37.87 | -62.32 | -62.32 | |||
| Start to Recovery (# months) details | 5* | 30* | 30* | 30* | 159 | 159 | |||
| Start (yyyy mm) | 2023 08 | 2021 07 | 2021 07 | 2021 07 | 2007 11 | 2007 11 | |||
| Start to Bottom (# months) | 3 | 16 | 16 | 16 | 16 | 16 | |||
| Bottom (yyyy mm) | 2023 10 | 2022 10 | 2022 10 | 2022 10 | 2009 02 | 2009 02 | |||
| Bottom to End (# months) | 2 | 14 | 14 | 14 | 143 | 143 | |||
| End (yyyy mm) | - | - | - | - | 2021 01 | 2021 01 | |||
| Longest Drawdown Depth (%) | -8.97 | same as deepest | same as deepest | -29.03 | same as deepest | same as deepest | |||
| Start to Recovery (# months) details | 6 | 36 | |||||||
| Start (yyyy mm) | 2023 02 | 2021 07 | 2021 07 | 2014 09 | 2007 11 | 2007 11 | |||
| Start to Bottom (# months) | 4 | 16 | 16 | 18 | 16 | 16 | |||
| Bottom (yyyy mm) | 2023 05 | 2022 10 | 2022 10 | 2016 02 | 2009 02 | 2009 02 | |||
| Bottom to End (# months) | 2 | 14 | 14 | 18 | 143 | 143 | |||
| End (yyyy mm) | 2023 07 | - | - | 2017 08 | 2021 01 | 2021 01 | |||
| Longest negative period (# months) details | 11* | 36* | 59 | 119 | 199 | 199 | |||
| Period Start (yyyy mm) | 2023 02 | 2021 01 | 2019 01 | 2014 01 | 2007 04 | 2007 04 | |||
| Period End (yyyy mm) | 2023 12 | 2023 12 | 2023 11 | 2023 11 | 2023 10 | 2023 10 | |||
| Annualized Return (%) | -1.89 | -8.34 | 0.00 | -0.19 | 0.00 | 0.00 | |||
| Drawdowns / Negative periods marked with * are in progress | |||||||||
RISK INDICATORS | 1Y | 3Y | 5Y | 10Y | 20Y | MAX | |||
| Standard Deviation (%) | 17.03 | 16.08 | 18.19 | 16.79 | 20.89 | 22.15 | |||
| Sharpe Ratio | 0.25 | -0.33 | 0.17 | 0.11 | 0.26 | 0.07 | |||
| Sortino Ratio | 0.36 | -0.50 | 0.23 | 0.15 | 0.35 | 0.09 | |||
| Ulcer Index | 5.57 | 17.01 | 14.17 | 14.53 | 19.32 | 21.34 | |||
| Ratio: Return / Standard Deviation | 0.54 | -0.20 | 0.26 | 0.17 | 0.32 | 0.25 | |||
| Ratio: Return / Deepest Drawdown | 0.83 | -0.10 | 0.15 | 0.09 | 0.11 | 0.09 | |||
| % Positive Months details | 50% | 47% | 55% | 53% | 54% | 55% | |||
| Positive Months | 6 | 17 | 33 | 64 | 130 | 193 | |||
| Negative Months | 6 | 19 | 27 | 56 | 110 | 155 | |||
LONG TERM RETURNS Inflation Adjusted: Inflation Adjusted: | 1Y | 3Y | 5Y | 10Y | 20Y | MAX | |||
| Best 10 Years Return (%) - Annualized | 2.94 | 11.74 | 17.52 | ||||||
| Worst 10 Years Return (%) - Annualized | 0.02 | 0.02 | |||||||
| Best 10 Years Return (%) - Annualized | 0.14 | 9.20 | 14.13 | ||||||
| Worst 10 Years Return (%) - Annualized | -1.62 | -1.62 | |||||||
ROLLING PERIOD RETURNS Inflation Adjusted: Inflation Adjusted: | 1Y | 3Y | 5Y | 10Y | 20Y | MAX | |||
| Over the latest 20Y | |||||||||
| Best Rolling Return (%) - Annualized | 88.37 | 44.29 | 16.84 | 11.74 | 6.67 | ||||
| Worst Rolling Return (%) - Annualized | -56.27 | -11.77 | -5.46 | 0.02 | |||||
| % Positive Periods | 64% | 75% | 81% | 100% | 100% | ||||
| Best Rolling Return (%) - Annualized | 84.42 | 40.01 | 13.88 | 9.20 | 3.99 | ||||
| Worst Rolling Return (%) - Annualized | -57.76 | -13.68 | -6.81 | -1.62 | |||||
| % Positive Periods | 59% | 65% | 66% | 80% | 100% | ||||
| Over all the available data source (Jan 1995 - Dec 2023) | |||||||||
| Best Rolling Return (%) - Annualized | 88.37 | 45.41 | 39.76 | 17.52 | 10.56 | ||||
| Worst Rolling Return (%) - Annualized | -56.27 | -15.31 | -8.82 | 0.02 | 4.82 | ||||
| % Positive Periods | 62% | 68% | 78% | 100% | 100% | ||||
| Best Rolling Return (%) - Annualized | 84.42 | 41.53 | 35.85 | 14.13 | 8.21 | ||||
| Worst Rolling Return (%) - Annualized | -57.76 | -17.17 | -10.96 | -1.62 | 2.60 | ||||
| % Positive Periods | 58% | 58% | 66% | 89% | 100% | ||||
WITHDRAWAL RATES (WR) | 1Y | 3Y | 5Y | 10Y | 20Y | MAX | |||
| Safe WR (%) | 28.72 | 23.41 | 10.46 | 10.41 | 5.25 | ||||
| Perpetual WR (%) | 0.00 | 0.65 | 0.14 | 3.83 | 2.88 | ||||
Terms and Definitions
- Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio
- Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
- Longest negative period: it's the maximum period for which an overall negative return has been observed
- Standard Deviation: it's a measure of the dispersion of returns around the mean
- Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return
- Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation)
- Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio
- Best/Worst 10Y returns: the best and the worst 10-year return over a time frame
- Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
- Safe Withdrawal Rate (SWR): it's the percentage of the original portfolio balance that can be withdrawn at the end of each year with inflation adjustment, without the portfolio running out of money (dollar amount withdrawal).
- Perpetual Withdrawal Rate (PWR): it's the percentage of portfolio balance that can be withdrawn at the end of each year, while retaining the inflation adjusted portfolio balance (percentage withdrawal).
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Correlations as of Dec 31, 2023
Correlation measures to what degree the returns of the two assets move in relation to each other.
Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.
Monthly correlations of Vanguard FTSE Emerging Markets (VWO) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).
VANGUARD FTSE EMERGING MARKETS (VWO) ETF
Monthly correlations as of 31 December 2023
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| Correlation vs VWO | |||||
|---|---|---|---|---|---|
| Asset Class | 1 Year | 5 Years | 10 Years | Since Jan 1995 | |
| VTI | US Total Stock Market | 0.90 | 0.75 | 0.70 | 0.76 |
| SPY | US Large Cap | 0.89 | 0.73 | 0.69 | 0.73 |
| IJR | US Small Cap | 0.76 | 0.75 | 0.63 | 0.70 |
| VNQ | US REITs | 0.86 | 0.69 | 0.54 | 0.52 |
| QQQ | US Technology | 0.74 | 0.66 | 0.62 | 0.63 |
| PFF | Preferred Stocks | 0.78 | 0.73 | 0.59 | 0.41 |
| EFA | EAFE Stocks | 0.93 | 0.83 | 0.80 | 0.81 |
| VT | World All Countries | 0.94 | 0.83 | 0.81 | 0.84 |
| EEM | Emerging Markets | 1.00 | 0.99 | 0.99 | 0.99 |
| VGK | Europe | 0.88 | 0.81 | 0.76 | 0.78 |
| VPL | Pacific | 0.97 | 0.85 | 0.84 | 0.76 |
| FLLA | Latin America | 0.93 | 0.71 | 0.73 | 0.86 |
| BND | US Total Bond Market | 0.78 | 0.53 | 0.40 | 0.12 |
| TLT | Long Term Treasuries | 0.75 | 0.20 | 0.11 | -0.13 |
| BIL | US Cash | -0.13 | -0.04 | -0.02 | -0.03 |
| TIPS | 0.74 | 0.46 | 0.41 | 0.17 | |
| LQD | Invest. Grade Bonds | 0.82 | 0.67 | 0.57 | 0.28 |
| HYG | High Yield Bonds | 0.87 | 0.74 | 0.67 | 0.61 |
| CWB | US Convertible Bonds | 0.85 | 0.77 | 0.72 | 0.75 |
| BNDX | International Bonds | 0.67 | 0.46 | 0.31 | 0.14 |
| EMB | Emerg. Market Bonds | 0.90 | 0.82 | 0.74 | 0.67 |
| GLD | Gold | 0.47 | 0.35 | 0.28 | 0.28 |
| DBC | Commodities | 0.46 | 0.55 | 0.49 | 0.42 |
If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.
Drawdowns
A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.
VANGUARD FTSE EMERGING MARKETS (VWO) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 January 2004 - 31 December 2023 (20 Years)
Data Source: 1 January 1995 - 31 December 2023 (~29 years)
Inflation Adjusted:
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Drawdown period | Recovery period | Total | |||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -61.73% | Nov 2007 | Feb 2009 | 16 | Oct 2017 | 104 | 120 | 24.29 |
| -31.86% | Jul 2021 | Oct 2022 | 16 | in progress | 14 | 30 | 18.58 |
| -28.33% | Feb 2018 | Mar 2020 | 26 | Nov 2020 | 8 | 34 | 13.92 |
| -11.37% | May 2006 | Jun 2006 | 2 | Nov 2006 | 5 | 7 | 7.78 |
| -10.41% | Apr 2004 | Jul 2004 | 4 | Oct 2004 | 3 | 7 | 6.81 |
| -9.40% | Mar 2005 | Apr 2005 | 2 | Jul 2005 | 3 | 5 | 5.54 |
| -6.57% | Oct 2005 | Oct 2005 | 1 | Nov 2005 | 1 | 2 | 3.80 |
| -2.32% | Feb 2007 | Feb 2007 | 1 | Mar 2007 | 1 | 2 | 1.34 |
| -2.15% | Feb 2006 | Feb 2006 | 1 | Apr 2006 | 2 | 3 | 1.18 |
| -0.71% | Mar 2021 | Mar 2021 | 1 | Apr 2021 | 1 | 2 | 0.41 |
| -0.34% | Nov 2017 | Nov 2017 | 1 | Dec 2017 | 1 | 2 | 0.19 |
| -0.14% | Jan 2005 | Jan 2005 | 1 | Feb 2005 | 1 | 2 | 0.08 |
| -0.01% | Aug 2007 | Aug 2007 | 1 | Sep 2007 | 1 | 2 | 0.01 |
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Drawdown period | Recovery period | Total | |||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -62.32% | Nov 2007 | Feb 2009 | 16 | Jan 2021 | 143 | 159 | 27.63 |
| -37.87% | Jul 2021 | Oct 2022 | 16 | in progress | 14 | 30 | 24.85 |
| -11.99% | May 2006 | Jun 2006 | 2 | Nov 2006 | 5 | 7 | 8.35 |
| -11.57% | Mar 2004 | Jul 2004 | 5 | Nov 2004 | 4 | 9 | 6.90 |
| -10.70% | Mar 2005 | Apr 2005 | 2 | Jul 2005 | 3 | 5 | 6.43 |
| -6.76% | Oct 2005 | Oct 2005 | 1 | Nov 2005 | 1 | 2 | 3.90 |
| -3.06% | Jan 2007 | Feb 2007 | 2 | Mar 2007 | 1 | 3 | 1.54 |
| -2.35% | Feb 2006 | Feb 2006 | 1 | Apr 2006 | 2 | 3 | 1.46 |
| -1.41% | Mar 2021 | Mar 2021 | 1 | May 2021 | 2 | 3 | 0.74 |
| -0.35% | Jan 2005 | Jan 2005 | 1 | Feb 2005 | 1 | 2 | 0.20 |
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Drawdown period | Recovery period | Total | |||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -61.73% | Nov 2007 | Feb 2009 | 16 | Oct 2017 | 104 | 120 | 24.29 |
| -53.99% | Aug 1997 | Aug 1998 | 13 | Jan 2004 | 65 | 78 | 29.43 |
| -31.86% | Jul 2021 | Oct 2022 | 16 | in progress | 14 | 30 | 18.58 |
| -28.33% | Feb 2018 | Mar 2020 | 26 | Nov 2020 | 8 | 34 | 13.92 |
| -11.37% | May 2006 | Jun 2006 | 2 | Nov 2006 | 5 | 7 | 7.78 |
| -11.22% | Jan 1995 | Mar 1995 | 3 | May 1995 | 2 | 5 | 8.06 |
| -10.41% | Apr 2004 | Jul 2004 | 4 | Oct 2004 | 3 | 7 | 6.81 |
| -9.40% | Mar 2005 | Apr 2005 | 2 | Jul 2005 | 3 | 5 | 5.54 |
| -6.73% | Jul 1996 | Jul 1996 | 1 | Nov 1996 | 4 | 5 | 3.46 |
| -6.57% | Oct 2005 | Oct 2005 | 1 | Nov 2005 | 1 | 2 | 3.80 |
| -6.44% | Aug 1995 | Oct 1995 | 3 | Jan 1996 | 3 | 6 | 3.67 |
| -4.74% | Mar 1997 | Apr 1997 | 2 | Jun 1997 | 2 | 4 | 2.55 |
| -2.32% | Feb 2007 | Feb 2007 | 1 | Mar 2007 | 1 | 2 | 1.34 |
| -2.15% | Feb 2006 | Feb 2006 | 1 | Apr 2006 | 2 | 3 | 1.18 |
| -1.60% | Feb 1996 | Feb 1996 | 1 | Apr 1996 | 2 | 3 | 0.80 |
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Drawdown period | Recovery period | Total | |||||
|---|---|---|---|---|---|---|---|
| Drawdown | Start | Bottom | #Months | End | #Months | #Months | Ulcer Index |
| -62.32% | Nov 2007 | Feb 2009 | 16 | Jan 2021 | 143 | 159 | 27.63 |
| -54.81% | Aug 1997 | Aug 1998 | 13 | Dec 2004 | 76 | 89 | 32.19 |
| -37.87% | Jul 2021 | Oct 2022 | 16 | in progress | 14 | 30 | 24.85 |
| -12.22% | Jan 1995 | Mar 1995 | 3 | Jul 1995 | 4 | 7 | 7.59 |
| -11.99% | May 2006 | Jun 2006 | 2 | Nov 2006 | 5 | 7 | 8.35 |
| -10.70% | Mar 2005 | Apr 2005 | 2 | Jul 2005 | 3 | 5 | 6.43 |
| -7.17% | Aug 1995 | Oct 1995 | 3 | Jan 1996 | 3 | 6 | 4.13 |
| -6.97% | Jun 1996 | Jul 1996 | 2 | Jan 1997 | 6 | 8 | 3.17 |
| -6.76% | Oct 2005 | Oct 2005 | 1 | Nov 2005 | 1 | 2 | 3.90 |
| -5.09% | Mar 1997 | Apr 1997 | 2 | Jun 1997 | 2 | 4 | 2.76 |
| -3.06% | Jan 2007 | Feb 2007 | 2 | Mar 2007 | 1 | 3 | 1.54 |
| -2.35% | Feb 2006 | Feb 2006 | 1 | Apr 2006 | 2 | 3 | 1.46 |
| -1.92% | Feb 1996 | Feb 1996 | 1 | Apr 1996 | 2 | 3 | 1.06 |
| -1.41% | Mar 2021 | Mar 2021 | 1 | May 2021 | 2 | 3 | 0.74 |
| -0.35% | Jan 2005 | Jan 2005 | 1 | Feb 2005 | 1 | 2 | 0.20 |
Rolling Returns
( more details)
A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.
VANGUARD FTSE EMERGING MARKETS (VWO) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 January 2004 - 31 December 2023 (20 Years)
Data Source: 1 January 1995 - 31 December 2023 (~29 years)
Inflation Adjusted:
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| Rolling Period | Worst Period | 15th Percentile | 50th Percentile | 85th Percentile | Best Period | Latest | Negative Periods | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return | From To | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | From To | Growth of 1$ | |||
| 1Y | -56.27 | 12/2007 11/2008 | 0.43$ | -15.23 | 0.84$ | 9.16 | 1.09$ | 32.04 | 1.32$ | 88.37 | 03/2009 02/2010 | 1.88$ | 9.27 | 35.81% |
| 2Y | -22.97 | 03/2007 02/2009 | 0.59$ | -7.51 | 0.85$ | 3.11 | 1.06$ | 27.02 | 1.61$ | 51.09 | 03/2009 02/2011 | 2.28$ | -5.34 | 39.63% |
| 3Y | -11.77 | 03/2006 02/2009 | 0.68$ | -1.90 | 0.94$ | 4.08 | 1.12$ | 12.11 | 1.40$ | 44.29 | 11/2004 10/2007 | 3.00$ | -3.18 | 24.39% |
| 5Y | -5.46 | 03/2011 02/2016 | 0.75$ | -0.46 | 0.97$ | 4.10 | 1.22$ | 11.83 | 1.74$ | 16.84 | 08/2004 07/2009 | 2.17$ | 4.78 | 18.23% |
| 7Y | -1.73 | 11/2007 10/2014 | 0.88$ | 1.65 | 1.12$ | 3.85 | 1.30$ | 8.09 | 1.72$ | 17.71 | 05/2004 04/2011 | 3.13$ | 5.08 | 3.82% |
| 10Y | 0.02 | 11/2007 10/2017 | 1.00$ | 1.79 | 1.19$ | 3.32 | 1.38$ | 8.09 | 2.17$ | 11.74 | 08/2004 07/2014 | 3.03$ | 2.94 | 0.00% |
| 15Y | -0.60 | 11/2007 10/2022 | 0.91$ | 1.75 | 1.29$ | 5.65 | 2.28$ | 7.43 | 2.92$ | 8.31 | 05/2004 04/2019 | 3.31$ | 6.55 | 1.64% |
| 20Y | 6.67 | 01/2004 12/2023 | 3.64$ | 6.67 | 3.64$ | 6.67 | 3.64$ | 6.67 | 3.64$ | 6.67 | 01/2004 12/2023 | 3.64$ | 6.67 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
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| Rolling Period | Worst Period | 15th Percentile | 50th Percentile | 85th Percentile | Best Period | Latest | Negative Periods | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return | From To | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | From To | Growth of 1$ | |||
| 1Y | -57.76 | 11/2007 10/2008 | 0.42$ | -16.42 | 0.83$ | 6.83 | 1.06$ | 27.69 | 1.27$ | 84.42 | 03/2009 02/2010 | 1.84$ | 5.62 | 40.17% |
| 2Y | -24.57 | 03/2007 02/2009 | 0.56$ | -9.74 | 0.81$ | 1.24 | 1.02$ | 23.96 | 1.53$ | 47.94 | 03/2009 02/2011 | 2.18$ | -9.80 | 46.54% |
| 3Y | -13.68 | 03/2006 02/2009 | 0.64$ | -4.09 | 0.88$ | 2.40 | 1.07$ | 8.98 | 1.29$ | 40.01 | 11/2004 10/2007 | 2.74$ | -8.34 | 34.63% |
| 5Y | -6.81 | 02/2011 01/2016 | 0.70$ | -2.75 | 0.86$ | 2.13 | 1.11$ | 9.28 | 1.55$ | 13.88 | 08/2004 07/2009 | 1.91$ | 0.65 | 33.15% |
| 7Y | -3.51 | 11/2007 10/2014 | 0.77$ | -0.23 | 0.98$ | 1.67 | 1.12$ | 6.11 | 1.51$ | 14.73 | 05/2004 04/2011 | 2.61$ | 1.54 | 18.47% |
| 10Y | -1.62 | 11/2007 10/2017 | 0.84$ | -0.22 | 0.97$ | 1.40 | 1.14$ | 5.95 | 1.78$ | 9.20 | 08/2004 07/2014 | 2.41$ | 0.14 | 19.83% |
| 15Y | -2.93 | 11/2007 10/2022 | 0.64$ | -0.58 | 0.91$ | 3.64 | 1.70$ | 5.27 | 2.15$ | 6.14 | 07/2004 06/2019 | 2.44$ | 3.89 | 21.31% |
| 20Y | 3.99 | 01/2004 12/2023 | 2.18$ | 3.99 | 2.18$ | 3.99 | 2.18$ | 3.99 | 2.18$ | 3.99 | 01/2004 12/2023 | 2.18$ | 3.99 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
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| Rolling Period | Worst Period | 15th Percentile | 50th Percentile | 85th Percentile | Best Period | Latest | Negative Periods | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return | From To | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | From To | Growth of 1$ | |||
| 1Y | -56.27 | 12/2007 11/2008 | 0.43$ | -16.74 | 0.83$ | 8.03 | 1.08$ | 32.05 | 1.32$ | 88.37 | 03/2009 02/2010 | 1.88$ | 9.27 | 37.39% |
| 2Y | -25.90 | 09/1996 08/1998 | 0.54$ | -8.98 | 0.82$ | 3.42 | 1.06$ | 25.81 | 1.58$ | 51.09 | 03/2009 02/2011 | 2.28$ | -5.34 | 41.85% |
| 3Y | -15.31 | 09/1995 08/1998 | 0.60$ | -3.84 | 0.88$ | 3.77 | 1.11$ | 21.31 | 1.78$ | 45.41 | 04/2003 03/2006 | 3.07$ | -3.18 | 31.95% |
| 5Y | -8.82 | 08/1997 07/2002 | 0.63$ | -1.66 | 0.91$ | 4.49 | 1.24$ | 14.76 | 1.99$ | 39.76 | 11/2002 10/2007 | 5.33$ | 4.78 | 21.80% |
| 7Y | -4.75 | 04/1996 03/2003 | 0.71$ | 0.86 | 1.06$ | 5.08 | 1.41$ | 16.73 | 2.95$ | 23.91 | 12/2000 11/2007 | 4.48$ | 5.08 | 9.81% |
| 10Y | 0.02 | 11/2007 10/2017 | 1.00$ | 2.46 | 1.27$ | 7.71 | 2.10$ | 14.22 | 3.77$ | 17.52 | 09/1998 08/2008 | 5.02$ | 2.94 | 0.00% |
| 15Y | -0.60 | 11/2007 10/2022 | 0.91$ | 5.19 | 2.13$ | 8.06 | 3.19$ | 9.83 | 4.08$ | 12.42 | 04/2003 03/2018 | 5.79$ | 6.55 | 0.59% |
| 20Y | 4.82 | 02/1996 01/2016 | 2.56$ | 5.79 | 3.08$ | 7.46 | 4.21$ | 9.08 | 5.68$ | 10.56 | 10/2001 09/2021 | 7.45$ | 6.67 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
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| Rolling Period | Worst Period | 15th Percentile | 50th Percentile | 85th Percentile | Best Period | Latest | Negative Periods | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ann. Return | From To | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | Growth of 1$ | Ann. Return | From To | Growth of 1$ | |||
| 1Y | -57.76 | 11/2007 10/2008 | 0.42$ | -18.60 | 0.81$ | 5.62 | 1.05$ | 28.07 | 1.28$ | 84.42 | 03/2009 02/2010 | 1.84$ | 5.62 | 41.25% |
| 2Y | -27.30 | 09/1996 08/1998 | 0.52$ | -12.05 | 0.77$ | 1.38 | 1.02$ | 23.10 | 1.51$ | 47.94 | 03/2009 02/2011 | 2.18$ | -9.80 | 46.77% |
| 3Y | -17.17 | 09/1995 08/1998 | 0.56$ | -6.03 | 0.82$ | 1.40 | 1.04$ | 18.39 | 1.65$ | 41.53 | 04/2003 03/2006 | 2.83$ | -8.34 | 41.53% |
| 5Y | -10.96 | 10/1996 09/2001 | 0.55$ | -4.02 | 0.81$ | 2.65 | 1.13$ | 12.16 | 1.77$ | 35.85 | 11/2002 10/2007 | 4.62$ | 0.65 | 33.22% |
| 7Y | -7.01 | 04/1996 03/2003 | 0.60$ | -0.88 | 0.93$ | 2.66 | 1.20$ | 13.91 | 2.48$ | 20.62 | 12/2000 11/2007 | 3.71$ | 1.54 | 23.40% |
| 10Y | -1.62 | 11/2007 10/2017 | 0.84$ | 0.51 | 1.05$ | 5.23 | 1.66$ | 11.24 | 2.90$ | 14.13 | 09/1998 08/2008 | 3.74$ | 0.14 | 10.48% |
| 15Y | -2.93 | 11/2007 10/2022 | 0.64$ | 3.00 | 1.55$ | 5.61 | 2.26$ | 7.53 | 2.97$ | 10.17 | 04/2003 03/2018 | 4.27$ | 3.89 | 7.69% |
| 20Y | 2.60 | 02/1996 01/2016 | 1.67$ | 3.56 | 2.01$ | 5.13 | 2.71$ | 6.52 | 3.53$ | 8.21 | 10/2001 09/2021 | 4.84$ | 3.99 | 0.00% |
| Annualized rolling and percentiles/median returns over full calendar month periods | ||||||||||||||
If you need a deeper detail about rolling returns, please refer to the Vanguard FTSE Emerging Markets (VWO) ETF: Rolling Returns page.
Seasonality
In which months is it better to invest in Vanguard FTSE Emerging Markets (VWO) ETF?
Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the
page.
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency | 3.20 | -2.55 | -3.23 | 1.10 | -0.78 | 2.81 | 1.19 | -0.94 | -3.23 | 0.10 | 5.51 | 3.15 |
| Best | 9.7 2019 | 1.6 2021 | 2.6 2023 | 7.8 2020 | 3.3 2020 | 6.5 2020 | 8.6 2020 | 2.7 2020 | 0.9 2019 | 3.9 2019 | 14.3 2022 | 7.1 2019 |
| Worst | -5.5 2020 | -6.7 2023 | -17.0 2020 | -5.8 2022 | -6.4 2019 | -3.9 2022 | -5.9 2021 | -5.9 2023 | -10.1 2022 | -3.2 2023 | -2.9 2021 | -2.2 2022 |
Monthly Seasonality over the period Feb 1995 - Dec 2023
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency | 1.60 | -0.83 | 0.18 | 1.36 | -0.89 | 1.57 | 1.55 | -1.11 | -2.60 | 0.31 | 2.46 | 0.72 |
| Best | 9.7 2019 | 4.7 2015 | 12.7 2016 | 7.8 2020 | 3.3 2020 | 6.5 2020 | 8.6 2020 | 3.8 2014 | 2.1 2016 | 5.3 2015 | 14.3 2022 | 7.1 2019 |
| Worst | -8.4 2014 | -6.7 2023 | -17.0 2020 | -5.8 2022 | -6.4 2019 | -4.8 2018 | -6.3 2015 | -9.9 2015 | -10.1 2022 | -7.7 2018 | -4.1 2016 | -4.7 2014 |
Monthly Seasonality over the period Feb 1995 - Dec 2023
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| Monthly Average Return (%) and Gain Frequency | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return (%) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| Average Gain Frequency | 0.59 | 0.52 | 0.80 | 2.58 | -0.69 | 0.45 | 0.87 | -2.11 | -0.55 | 0.69 | 2.09 | 2.69 |
| Best | 11.8 2001 | 11.9 1998 | 12.7 2016 | 17.4 2009 | 17.9 2009 | 7.9 1999 | 10.9 2009 | 6.4 2003 | 11.4 2010 | 15.9 2011 | 14.3 2022 | 14.3 1999 |
| Worst | -10.7 1995 | -8.7 2001 | -17.0 2020 | -7.9 2004 | -12.5 1998 | -9.8 2008 | -8.5 2002 | -26.1 1998 | -18.4 2011 | -27.3 2008 | -9.8 2000 | -4.7 2014 |
Monthly Seasonality over the period Feb 1995 - Dec 2023
Monthly Returns
This section provides a visual/tabular representation of the performance variability in the Vanguard FTSE Emerging Markets (VWO) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.
VANGUARD FTSE EMERGING MARKETS (VWO) ETF
Monthly Returns Distribution
Data Source: 1 January 2004 - 31 December 2023 (20 Years)
Data Source: 1 January 1995 - 31 December 2023 (~29 years)
130 Positive Months (54%) - 110 Negative Months (46%)
193 Positive Months (55%) - 155 Negative Months (45%)
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(Scroll down to see all data)
Investment Returns, up to December 2005, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.
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