Vanguard Emerging Markets Stock Index Fund (VWO) Total Returns

Growth of $10,000 chart

2021-03-18 to 2026-03-18
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Final Value Total Return CAGR Dividends Yield on Cost
Nominal $11,793.56 17.94% 3.35% $1,475.19 14.75%
Real * $9,542.64 -4.57% -0.93% $1,284.41 12.84%
* Adjusted to Mar 2021 purchasing power (US CPI-U) Taxes: $295.04 · Transaction costs: $2.36 Reinvested dividends with 20% tax, 0.2% cost per reinvestment.

Rolling 1-Year Returns (252 Trading Days)

Metric Value
Average Rolling Return +4.13%
Median Rolling Return +7.57%
Best Rolling Return +34.98%
Worst Rolling Return -29.94%
% of Windows Positive 66.0%

Risk Metrics

Metric Value
Maximum Drawdown -33.43%
Drawdown Duration 1024 Trading Days
Sortino Ratio 0.40
Calmar Ratio 0.14
CVaR (5%) -2.34%

Yearly Returns

Year Return Abs. Return Dividends Taxes Trans. Costs
2026 partial +0.84% (+4.03% ann.) +$83.70 $0.00 $0.00 $0.00
2025 +24.87% +$2487.28 $342.32 $68.46 $0.55
2024 +9.89% +$988.55 $344.59 $68.92 $0.55
2023 +8.49% +$848.96 $374.49 $74.90 $0.60
2022 -18.64% $1864.37 $327.77 $65.55 $0.52
2021 +0.77% +$77.00 $261.00 $52.20 $0.42
2020 +14.68% +$1468.42 $216.15 $43.23 $0.35
2019 +19.94% +$1993.91 $381.31 $76.26 $0.61
2018 -15.22% $1522.28 $240.84 $48.17 $0.39
2017 +30.84% +$3083.68 $297.67 $59.53 $0.47
2016 +11.64% +$1163.66 $277.03 $55.41 $0.45
2015 -16.31% $1630.93 $268.30 $53.66 $0.43
2014 -0.61% $60.55 $279.90 $55.98 $0.45
2013 -5.46% $546.33 $254.62 $50.92 $0.40
2012 +18.66% +$1866.35 $256.34 $51.27 $0.41
2011 -19.14% $1914.03 $188.16 $37.63 $0.30
2010 +19.06% +$1906.32 $198.78 $39.75 $0.32
2009 +75.81% +$7581.23 $231.22 $46.25 $0.37
2008 -52.95% $5295.44 $225.89 $45.18 $0.36
2007 +36.76% +$3676.22 $254.42 $50.89 $0.41
2006 +28.91% +$2891.15 $219.94 $43.99 $0.35
2005 partial +23.10% (+29.34% ann.) +$2309.84 $214.71 $42.94 $0.34

Market Regime Returns

Regime Period Return Ann. Return Abs. Return Dividends Taxes Trans. Costs
China-WTO / housing-credit / commodity boom partial 2005-03-10 – 2007-10-09 +125.08% +36.92% +$12508.31 $485.45 $97.09 $0.77
GFC / deleveraging / dollar shortage 2007-10-10 – 2009-03-09 -62.24% -49.81% $6224.15 $394.55 $78.91 $0.63
Policy-led rebound / euro-sovereign-crisis overlay 2009-03-10 – 2012-07-25 +88.07% +20.58% +$8806.50 $1076.92 $215.38 $1.72
Secular stagnation / QE / low inflation / duration bull 2012-07-26 – 2020-02-19 +33.47% +3.89% +$3346.56 $2443.25 $488.65 $3.90
Pandemic shock / liquidity crash 2020-02-20 – 2020-03-23 -29.68% -98.20% $2967.66 $13.37 $2.68 $0.02
Policy bazooka / monetary euphoria 2020-03-24 – 2020-11-06 +46.38% +84.61% +$4638.02 $184.51 $36.90 $0.30
Reopening reflation / fiscal boom / supply bottlenecks 2020-11-09 – 2021-11-29 +5.86% +5.55% +$585.59 $239.05 $47.81 $0.38
Inflation shock / duration crash / aggressive tightening 2021-11-30 – 2022-11-09 -22.88% -24.11% $2288.44 $296.78 $59.36 $0.47
Disinflation rebound / AI-led narrow bull / higher-for-longer 2022-11-10 – 2024-09-17 +22.48% +11.56% +$2247.84 $610.88 $122.19 $0.98
Disinflationary easing / resilient growth / AI capex under oil-shock test partial 2024-09-18 – 2026-03-18 +27.25% +17.49% +$2724.79 $616.04 $123.21 $0.99

Dividend History

Date Per Share Yield % Total Yield Tax Trans. Cost Shares Bought
2021-03-22 $0.0680 0.13% $13.00 $2.60 $0.02 0.1973
2021-06-21 $0.2800 0.52% $53.60 $10.72 $0.09 0.7978
2021-09-20 $0.4730 0.92% $90.93 $18.18 $0.15 1.4639
2021-12-20 $0.4780 0.98% $92.59 $18.52 $0.15 1.5462
2022-03-21 $0.1340 0.29% $26.16 $5.23 $0.04 0.4563
2022-06-21 $0.3060 0.74% $59.89 $11.98 $0.09 1.1438
2022-09-19 $0.5290 1.33% $104.13 $20.82 $0.17 2.1155
2022-12-19 $0.6350 1.61% $126.34 $25.27 $0.20 2.5897
2023-03-20 $0.0280 0.07% $5.64 $1.13 $0.01 0.1162
2023-06-20 $0.2270 0.54% $45.78 $9.15 $0.07 0.8921
2023-09-18 $0.3280 0.81% $66.44 $13.29 $0.10 1.3212
2023-12-18 $0.8650 2.11% $176.36 $35.27 $0.28 3.5026
2024-03-15 $0.0390 0.09% $8.09 $1.62 $0.01 0.1552
2024-06-21 $0.1700 0.38% $35.28 $7.06 $0.06 0.6409
2024-09-20 $0.1340 0.29% $27.90 $5.58 $0.05 0.4918
2024-12-20 $1.0660 2.36% $222.45 $44.49 $0.36 4.0000
2025-03-21 $0.0470 0.10% $10.00 $2.00 $0.02 0.1736
2025-06-20 $0.1390 0.29% $29.59 $5.92 $0.05 0.4967
2025-09-19 $0.2800 0.52% $59.74 $11.95 $0.09 0.8845
2025-12-19 $1.0330 1.93% $221.30 $44.26 $0.35 3.3267
Total 20 payments $1475.19 $295.04 $2.36 26.3120
PXH

Invesco RAFI Emerging Markets ETF

CAGR 2.64% Total 61.78% Final $16,177.96
2007-09-28 — 2026-03-18
AVEM

Avantis Emerging Markets Equity ETF

CAGR 10.14% Total 87.20% Final $18,719.59
2019-09-19 — 2026-03-18
EMXC

iShares MSCI Emerging Markets ex China ETF

CAGR 7.36% Total 84.72% Final $18,471.67
2017-07-26 — 2026-03-18