What is the expense ratio of SCHE vs VWO?

SCHE has an expense ratio of 0.07%, while VWO has an expense ratio of 0.06%.

SCHE vs VWO

Schwab Emerging Markets Equity ETF vs Vanguard Emerging Markets Stock Index Fund

Last updated: 2026-04-02

Schwab Emerging Markets Equity ETF (SCHE) is an exchange-traded fund that provides exposure to stocks in emerging market economies with higher growth potential. It charges a low expense ratio of 0.07%. The fund offers an attractive dividend yield of 2.85%. Launched in 2010, the fund has a 16-year track record.

AUM: $11.3B ER: 0.07% Yield: 2.85% Since: Jan 14, 2010

VWO Vanguard

Vanguard Emerging Markets Stock Index Fund (VWO) is an exchange-traded fund issued by Vanguard that provides exposure to stocks in emerging market economies with higher growth potential. It charges a low expense ratio of 0.06%. The fund offers an attractive dividend yield of 2.76%. Launched in 2005, the fund has a 21-year track record.

AUM: $107.3B ER: 0.06% Yield: 2.76% Since: Mar 4, 2005

Quick Verdict

Both funds have nearly identical expense ratios (0.06% vs 0.07%), so fees are not a differentiator here. Both funds have delivered similar 1-year returns (19.2% vs 19.4%), tracking closely.

Key Metrics

Metric	SCHE	VWO
Expense Ratio	0.07%	0.06%
Dividend Yield	2.9%	2.8%
Fund Family	N/A	Vanguard
Category	Emerging Markets	Emerging Markets

Performance Chart

Indexed to 100 at start (5-year comparison)

SCHE +2.8%

VWO +3.0%

Performance Comparison

Period	SCHE	VWO	Difference
1 Month	-5.17%	-5.29%	+0.12%
3 Months	-1.40%	-1.31%	-0.09%
6 Months	-2.10%	-1.06%	-1.04%
YTD	-1.40%	-1.31%	-0.09%
1 Year	+19.19%	+19.38%	-0.19%
3 Years	+34.09%	+33.62%	+0.47%
5 Years	+2.77%	+3.00%	-0.23%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment	Period	SCHE Fees	VWO Fees	You Save
$10.000	10 years	$140	$120	$20
$10.000	20 years	$600	$515	$85
$10.000	30 years	$1.938	$1.664	$275
$50.000	10 years	$698	$598	$99
$50.000	30 years	$9.692	$8.318	$1.373
$100.000	30 years	$19.383	$16.637	$2.747

Risk Metrics

Based on 5 years of daily returns

Metric	SCHE	VWO
Annualized Volatility	17.7%	17.3%
Max Drawdown	-35.8%	-35.9%
Sharpe Ratio	-0.13	-0.14

Dividend Comparison

Metric	SCHE	VWO
Annual Dividend (per share)	$0.94	$1.45
Dividend Yield	2.85%	2.68%
Distribution Frequency	Semi-Annual or Annual	Quarterly

Top Holdings

7 of top 8 holdings overlap (88% overlap in top holdings)

SCHE Top Holdings

Name	Weight
Taiwan Semiconductor Manufacturing Company Limited!tpe/2330	14.35%
Tencent Holdings Limited!hkg/0700	4.03%
Alibaba Group Holding Limited!hkg/9988	2.89%
Reliance Industries Limited!nse/RELIANCE	1.00%
Delta Electronics, Inc.!tpe/2308	0.94%
HDFC Bank Limited!nse/HDFCBANK	0.94%
China Construction Bank Corporation!hkg/0939	0.93%
Hon Hai Precision Industry Co., Ltd.!tpe/2317	0.78%
PDD Holdings Inc.PDD	0.78%

VWO Top Holdings

Name	Weight
Taiwan Semiconductor Manufacturing Company Limited!tpe/2330	12.71%
Tencent Holdings Limited!hkg/0700	3.44%
Alibaba Group Holding Limited!hkg/9988	2.74%
HDFC Bank Limited!nse/HDFCBANK	0.93%
Reliance Industries Limited!nse/RELIANCE	0.88%
Hon Hai Precision Industry Co., Ltd.!tpe/2317	0.78%
MediaTek Inc.!tpe/2454	0.76%
China Construction Bank Corporation!hkg/0939	0.75%

Which One Should You Choose?

Either works if...

you just need broad emerging markets exposure. Both are solid options — pick whichever your brokerage offers commission-free.

Related Comparisons

AGG vs VWO BND vs VWO BNDX vs VWO EEM vs SCHE EEM vs VWO EFA vs VWO GLD vs VWO IEFA vs VWO