EMES vs VOO
Harbor Emerging Markets Select ETF vs Vanguard S&P 500 ETF
Which is better, EMES or VOO?
All Cap Blend against Large Cap Blend.
VOO has a lower expense ratio. EMES led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 47.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EMES | VOO |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $12M | $997.4B |
| Dividend Yield | 0.46% | 1.08% |
| Holdings | 60 | 509 |
| YTD Return | +25.72%Best | +13.37% |
| 1Y Return | +40.51%Best | +20.08% |
| 3Y Return (annualized) | - | +21.29% |
| 5Y Return (annualized) | - | +12.89% |
| Volatility (annualized) | 20.3% | 11.9%Best |
| Max Drawdown | -13.0% | -8.9%Best |
| $10,000 over 1.3 years | $14,495Best | $13,222 |
| Top 10 Weight | 47.9% | 36.4%Best |
| Fund Family | Harbor Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | All Cap Blend | Large Cap Blend |
| Inception | May 14, 2025 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: May 15, 2025 to Sep 4, 2026 (1.3 years).
EMES vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
EMES vs VOO Performance
Harbor Emerging Markets Select ETF (EMES) is an ETF from Harbor Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year EMES returned +40.51% while VOO returned +20.08%. Year to date, EMES is up 25.72% versus a gain of 13.37% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EMES has been the more volatile fund, with annualized monthly volatility of 20.3% compared with 11.9% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.0% for EMES and -8.9% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EMES charges 0.65% per year while VOO charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, EMES currently yields 0.46% against 1.08% for VOO.
Holdings Overlap
We hold position weights for 51 holdings in EMES and 505 in VOO, totalling 96.2% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 51 positions we hold weights for in EMES and 505 in VOO, against full books of 60 and 509.
What only one of them owns
Our book lists 497 positions for VOO that do not appear in our book for EMES (99.5% of the fund), and 4 for EMES that do not appear in VOO (6.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of EMES and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EMES or VOO?
EMES has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, EMES or VOO?
Over the past year EMES returned +40.51% vs +20.08% for VOO, so EMES leads on 1-year performance. Over the longest common window we track (1 years), EMES annualized +33.05% vs +23.97% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EMES or VOO?
EMES has been the more volatile fund at 20.3% annualized versus 11.9% for VOO. Worst drawdown: EMES -13.0% vs VOO -8.9%.
Should I hold both EMES and VOO?
EMES and VOO have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EMES or VOO?
EMES yields 0.46% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
Is VOO better than EMES?
VOO has a lower expense ratio. EMES led over 1Y and the full window. VOO is less concentrated, with 36.4% of the fund in its ten largest positions against 47.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.