FEM vs VWO: holdings overlap, shared companies and scores
As of October 9, 2026, FEM and VWO overlap 11.6% by weight. First Trust Emerging Markets AlphaDEX Fund (FEM): Emerging market equities with income focus. Vanguard FTSE Emerging Markets ETF (VWO): Emerging market stocks.
Updated October 9, 2026
Where FEM and VWO trade against their own history
FEM trades at 11.4 times earnings, against its own median of 8.4, and is more expensive than 96% of its own last 9 years.
VWO trades at 15.7 times earnings, against its own median of 13.8, and is more expensive than 80% of its own last 9 years.
What moved FEM this week
FEM rose 1.4% in the week to October 9, 2026. The holdings that moved it most were Elite Material (+15.6%), Gold Circuit (+16.2%) and Eneva (+14.1%); Unimicron Technology (−2.7%) pushed the other way.
What do FEM and VWO each hold?
What's inside FEM: Tech 31%, Semiconductors 10%.
19% of FEM is its ten largest holdings.
What's inside VWO: Tech 32%, Semiconductors 21%.
27% of VWO is its ten largest holdings.
How much do FEM and VWO overlap? 11.6% by weight
As of October 9, 2026, FEM and VWO overlap 11.6% by weight.
93% of FEM is already inside VWO.
27% of VWO is already inside FEM.
FEM holds 150 companies and VWO holds 4,951; 137 are in both.
Computed by ETF Copilot from both funds' holdings rather than quoted from a data provider, and rebuilt nightly.
How does ETF Copilot score FEM and VWO? 4.6 and 4.6 out of 10
As of October 9, 2026, ETF Copilot scores FEM 4.6 out of 10 and VWO 4.6 out of 10.
They differ most on Quality: FEM 3.7 and VWO 6.3.
The five factor scores behind them are set out below, 0–10 and higher is better, ranked against every US equity ETF we track.
| Factor | FEM | VWO |
|---|---|---|
| Growth | 8.2 | 6.8 |
| Value | 0.3 | 1.7 |
| Risk | 4.3 | 5.1 |
| Quality | 3.7 | 6.3 |
| Return | 4.6 | 2.9 |
VWO is the cheaper of the two at 0.06% a year
As of October 9, 2026, FEM charges 0.80% a year, yields 2.14% and holds $815M in assets across 150 positions.
As of October 9, 2026, VWO charges 0.06% a year, yields 2.03% and holds $176.1B in assets across 4951 positions.
| Measure | FEM | VWO |
|---|---|---|
| Expense ratio | 0.80% | 0.06% |
| Dividend yield | 2.14% | 2.03% |
| Assets under management | $815M | $176.1B |
| Holdings | 150 | 4951 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Compare with similar funds
Cite this
ETF Copilot, “FEM vs VWO holdings overlap and scores”, as of October 9, 2026.
https://etf-copilot.com/compare/fem-vs-vwo
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