EWX vs VOO
State Street SPDR S&P Emerging Markets Small Cap ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. EWX offers more diversification with 3,452 holdings.
Side-by-Side Comparison
| Metric | EWX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $702M | $997.4B | |
| Dividend Yield | 2.73% | 1.08% | |
| Holdings | 3,452 | 509 | |
| YTD Return | +8.75% | +12.95% | |
| 1Y Return | +11.24% | +20.69% | |
| 3Y Return (annualized) | +12.90% | +22.09% | |
| 5Y Return (annualized) | +6.85% | +13.40% | |
| Volatility (annualized) | 21.4% | 14.1% | |
| Max Drawdown | -63.9% | -34.3% | |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | May 12, 2008 | Sep 7, 2010 |
EWX vs VOO Performance
State Street SPDR S&P Emerging Markets Small Cap ETF (EWX) is a ETF from SPDR State Street Global Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EWX returned +11.24% while VOO returned +20.69%. Year to date, EWX is up 8.75% versus a gain of 12.95% for VOO.
Over three years, EWX compounded at +12.90% per year against +22.09% for VOO; over five years the annualized figures are +6.85% and +13.40% respectively. Across the full 16-year window we track, VOO has the edge at +13.50% annualized vs +2.30%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWX has been the more volatile fund, with annualized monthly volatility of 21.4% 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 -63.9% for EWX 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 0.72. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
EWX 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, EWX currently yields 2.73% against 1.08% for VOO.
Holdings Overlap
EWX and VOO share 4 holdings out of 3776 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EWX or VOO?
EWX has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, EWX or VOO?
Over the past year EWX returned +11.24% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), EWX annualized +2.30% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, EWX or VOO?
EWX has been the more volatile fund at 21.4% annualized versus 14.1% for VOO. Worst drawdown: EWX -63.9% vs VOO -34.3%.
Should I hold both EWX and VOO?
EWX and VOO have a monthly-return correlation of 0.72, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EWX and VOO?
EWX and VOO share 4 common holdings with a 0.1% weight overlap. Combined, they hold 3776 unique securities.
Which pays a higher dividend, EWX or VOO?
EWX yields 2.73% while VOO yields 1.08%, so EWX currently pays the higher dividend yield.
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