EMM vs VOO
Global X Emerging Markets ex-China ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. EMM delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | EMM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.66% | 0.03% | |
| AUM | $58M | $997.4B | |
| Dividend Yield | 0.77% | 1.08% | |
| Holdings | 53 | 509 | |
| YTD Return | +27.52% | +12.87% | |
| 1Y Return | +50.01% | +21.15% | |
| 3Y Return (annualized) | +20.61% | +20.93% | |
| 5Y Return (annualized) | - | +12.76% | |
| Volatility (annualized) | 19.2% | 14.1% | |
| Max Drawdown | -22.0% | -34.3% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Sep 24, 2010 | Sep 7, 2010 |
EMM vs VOO Performance
Global X Emerging Markets ex-China ETF (EMM) is a ETF from Global X by mirae Asset and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EMM returned +50.01% while VOO returned +21.15%. Year to date, EMM is up 27.52% versus a gain of 12.87% for VOO.
Over three years, EMM compounded at +20.61% per year against +20.93% for VOO. Across the full 3-year window we track, EMM has the edge at +19.20% annualized vs +13.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EMM has been the more volatile fund, with annualized monthly volatility of 19.2% compared with 14.1% 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 -22.0% for EMM and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.69. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EMM charges 0.66% per year while VOO charges 0.03%. On a $10,000 position that is $66 vs $3 annually, a gap of $63 per year that compounds over a long holding period. On income, EMM currently yields 0.77% against 1.08% for VOO.
Holdings Overlap
EMM and VOO share 0 holdings out of 548 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EMM or VOO?
EMM has an expense ratio of 0.66% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $63 per year of difference.
Which performed better, EMM or VOO?
Over the past year EMM returned +50.01% vs +21.15% for VOO, so EMM leads on 1-year performance. Over the longest common window we track (3 years), EMM annualized +19.20% vs +13.46% for VOO. Past performance does not guarantee future results.
Which is riskier, EMM or VOO?
EMM has been the more volatile fund at 19.2% annualized versus 14.1% for VOO. Worst drawdown: EMM -22.0% vs VOO -34.3%.
Should I hold both EMM and VOO?
EMM and VOO have a monthly-return correlation of 0.69, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EMM and VOO?
EMM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 548 unique securities.
Which pays a higher dividend, EMM or VOO?
EMM yields 0.77% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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