VWO vs. QEMM ETF Comparison

Comparison of Vanguard FTSE Emerging Markets ETF (VWO) to SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)

VWO

Vanguard FTSE Emerging Markets ETF

VWO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach by investing substantially all (approximately 95%) of its assets in the common stocks included in the FTSE Emerging Index, while employing a form of sampling to reduce risk. The FTSE Emerging Index includes approximately 851 common stocks of companies located in emerging markets around the world. As of May 31, 2013, the largest markets covered in the index were China, Brazil, Taiwan, and India.

Grade (RS Rating)

Last Trade

$45.28

Average Daily Volume

8,187,984

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QEMM

SPDR MSCI Emerging Markets Quality Mix ETF

QEMM Description

The investment seeks to track the performance of the MSCI Emerging Markets (EM) Quality Mix Index. The index captures large- and mid-cap representation across 23 emerging markets countries and aims to represent the performance of value, low volatility, and quality factor strategies. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") based on securities comprising the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$59.55

Average Daily Volume

1,920

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VWO	QEMM
30 Days	-4.28%	-3.65%
60 Days	0.24%	-1.79%
90 Days	1.03%	-1.91%
12 Months	15.49%	11.31%

46 Overlapping Holdings

Symbol	Grade	Weight in VWO	Weight in QEMM	Overlap
ABEV	F	0.11%	0.28%	0.11%
ABEV	F	0.11%	0.02%	0.02%
ASAI	F	0.0%	0.02%	0.0%
ASAI	F	0.07%	0.02%	0.02%
ATHM	C	0.02%	0.01%	0.01%
ATHM	C	0.0%	0.01%	0.0%
BABA	D	2.32%	0.04%	0.04%
BABA	D	2.32%	0.69%	0.69%
BCH	C	0.06%	0.01%	0.01%
BEKE	D	0.15%	0.02%	0.02%
BGNE	D	0.14%	0.01%	0.01%
BIDU	F	0.28%	0.09%	0.09%
BSAC	C	0.01%	0.01%	0.01%
CHT	C	0.04%	0.49%	0.04%
CHT	C	0.12%	0.49%	0.12%
CIB	B	0.03%	0.01%	0.01%
CIG	C	0.01%	0.01%	0.01%
CSAN	F	0.03%	0.02%	0.02%
ENIC	B	0.0%	0.0%	0.0%
GGB	C	0.04%	0.05%	0.04%
GGB	C	0.0%	0.05%	0.0%
HDB	C	1.29%	0.25%	0.25%
IBN	C	0.66%	0.14%	0.14%
IBN	C	0.66%	0.15%	0.15%
IQ	F	0.01%	0.0%	0.0%
ITUB	F	0.06%	0.15%	0.06%
LI	F	0.15%	0.02%	0.02%
NIO	F	0.07%	0.0%	0.0%
PDD	F	0.95%	1.32%	0.95%
QFIN	A	0.04%	0.12%	0.04%
RDY	F	0.03%	0.17%	0.03%
SBS	B	0.02%	0.03%	0.02%
SBSW	D	0.04%	0.04%	0.04%
SID	F	0.0%	0.02%	0.0%
SQM	D	0.0%	0.01%	0.0%
TCOM	B	0.4%	0.06%	0.06%
TME	D	0.09%	0.02%	0.02%
UMC	F	0.14%	0.1%	0.1%
UMC	F	0.04%	0.1%	0.04%
VALE	F	0.46%	1.15%	0.46%
VALE	F	0.46%	0.03%	0.03%
VIPS	F	0.05%	0.17%	0.05%
WIT	B	0.02%	0.25%	0.02%
WIT	B	0.08%	0.25%	0.08%
XPEV	C	0.08%	0.01%	0.01%
YUMC	C	0.19%	0.09%	0.09%

VWO Overweight 39 Positions Relative to QEMM

Symbol	Grade	Weight
BILI	D	0.07%
YMM	C	0.07%
ERJ	A	0.06%
BZ	F	0.05%
TAL	F	0.05%
BRFS	C	0.03%
SGRP	D	0.02%
ATAT	C	0.02%
CAR	C	0.02%
GDS	C	0.02%
EC	D	0.01%
DDL	C	0.01%
WB	D	0.01%
IMOS	F	0.01%
EH	D	0.01%
CSIQ	F	0.01%
FINV	B	0.01%
ELP	F	0.01%
ERJ	A	0.01%
YY	B	0.01%
DQ	F	0.01%
MOMO	D	0.01%
JKS	F	0.01%
AKO.A	F	0.01%
BSBR	F	0.01%
BBD	D	0.01%
RLX	C	0.01%
BAOS	F	0.0%
JEWL	D	0.0%
HUYA	F	0.0%
BAK	F	0.0%
DADA	F	0.0%
EBR	F	0.0%
DAO	B	0.0%
CAN	C	0.0%
AZUL	F	0.0%
SOHU	F	0.0%
VNET	B	0.0%
GOTU	F	0.0%

VWO Underweight 19 Positions Relative to QEMM

Symbol	Grade	Weight
INFY	C	-1.07%
BAP	A	-0.25%
SCCO	F	-0.25%
SHG	C	-0.22%
KB	B	-0.21%
SKM	C	-0.18%
PBR	D	-0.16%
BVN	D	-0.1%
KEP	B	-0.09%
KB	B	-0.09%
PKX	D	-0.08%
KEP	B	-0.06%
LEGN	D	-0.05%
SHG	C	-0.03%
SUZ	B	-0.03%
UGP	F	-0.02%
LPL	D	-0.02%
LPL	D	-0.01%
VIV	F	-0.01%