Vanguard Emerging Markets Stock Index Fund (VWO) Total Returns

Growth of $10,000 chart

2021-04-21 to 2026-04-21
to
$
%
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Investment Performance

Final Value
$12,555
Total Return
25.55%
CAGR
4.66%
Dividends
$1,449.86
Yield on Cost
14.50%

Rolling Returns

1-Month (21 Trading Days)
Average+0.40%
Median+0.57%
Best+15.12%
Worst-15.04%
% of Windows Positive55.8%
1-Year (252 Trading Days)
Average+4.99%
Median+8.34%
Best+45.41%
Worst-29.94%
% of Windows Positive68.3%
3-Year (756 Trading Days)
Average+19.15%
Median+12.34%
Best+70.01%
Worst-15.79%
% of Windows Positive63.6%

Risk Metrics

Maximum Drawdown -33.43%
Average Drawdown -13.23%
Drawdown Duration 1024 Trading Days
Sortino Ratio 0.51
Calmar Ratio 0.14
CVaR (5%) -2.36%

Yearly Returns

Year Percentage Abs. Return Dividends Taxes Trans. Costs
2026 partial +8.26% (+29.84% ann.) +$825.89 $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 Regimes

about
Regime Period Percentage Annual Abs. Return Dividends Taxes Trans. Costs
China-WTO / housing-credit / commodity boom partial March 10, 2005 – October 9, 2007 +125.08% +36.92% +$12508.31 $485.45 $97.09 $0.77
GFC / deleveraging / dollar shortage October 10, 2007 – March 9, 2009 -62.24% -49.81% $6224.15 $394.55 $78.91 $0.63
Policy-led rebound / euro-sovereign-crisis overlay March 10, 2009 – July 25, 2012 +88.07% +20.58% +$8806.50 $1076.92 $215.38 $1.72
Secular stagnation / QE / low inflation / duration bull July 26, 2012 – February 19, 2020 +33.47% +3.89% +$3346.56 $2443.25 $488.65 $3.90
Pandemic shock / liquidity crash February 20, 2020 – March 23, 2020 -29.68% -98.20% $2967.66 $13.37 $2.68 $0.02
Policy bazooka / monetary euphoria March 24, 2020 – November 6, 2020 +46.38% +84.61% +$4638.02 $184.51 $36.90 $0.30
Reopening reflation / fiscal boom / supply bottlenecks November 9, 2020 – November 29, 2021 +5.86% +5.55% +$585.59 $239.05 $47.81 $0.38
Inflation shock / duration crash / aggressive tightening November 30, 2021 – November 9, 2022 -22.88% -24.11% $2288.44 $296.78 $59.36 $0.47
Disinflation rebound / AI-led narrow bull / higher-for-longer November 10, 2022 – September 17, 2024 +22.48% +11.56% +$2247.84 $610.88 $122.19 $0.98
Disinflationary easing / resilient growth / AI capex under oil-shock test partial September 18, 2024 – April 21, 2026 +36.61% +21.71% +$3661.37 $616.04 $123.21 $0.99

Dividend History

Annual Dividends Per Share
TTM Yield
Consecutive Years Paid
current
Consecutive Years of Growth
current

Date Per Share Yield %
2005-12-27 $0.5385 1.74%
2006-12-22 $0.6695 1.74%
2007-12-24 $0.9845 1.85%
2008-12-24 $1.1780 4.93%
2009-12-24 $0.5450 1.34%
2010-12-22 $0.8150 1.71%
2011-12-21 $0.9060 2.33%
2012-09-24 $0.5250 1.23%
2012-12-20 $0.4500 1.02%
2013-03-22 $0.0580 0.14%
2013-06-24 $0.5060 1.34%
2013-09-23 $0.3450 0.83%
2013-12-20 $0.2160 0.54%
2014-03-25 $0.1050 0.27%
2014-06-24 $0.4180 0.96%
2014-09-24 $0.4460 1.04%
2014-12-22 $0.1740 0.44%
2015-03-25 $0.0710 0.17%
2015-06-26 $0.3860 0.92%
2015-09-25 $0.4500 1.36%
2015-12-21 $0.1590 0.49%
2016-03-15 $0.0570 0.17%
2016-06-14 $0.2230 0.66%
2016-09-13 $0.4500 1.19%
2016-12-20 $0.1700 0.48%
2017-03-22 $0.0710 0.18%
2017-06-21 $0.2530 0.62%
2017-09-20 $0.5220 1.16%
2017-12-21 $0.2120 0.47%
2018-03-26 $0.0890 0.19%
2018-06-22 $0.2750 0.64%
2018-09-26 $0.4750 1.14%
2018-12-24 $0.2590 0.68%
2019-03-25 $0.0820 0.20%
2019-06-17 $0.2790 0.68%
2019-09-24 $0.5190 1.25%
2019-12-23 $0.5590 1.25%
2020-03-23 $0.0580 0.19%
2020-06-22 $0.1700 0.43%
2020-09-21 $0.4260 0.97%
2020-12-21 $0.3010 0.60%
2021-03-22 $0.0680 0.13%
2021-06-21 $0.2800 0.52%
2021-09-20 $0.4730 0.92%
2021-12-20 $0.4780 0.98%
2022-03-21 $0.1340 0.29%
2022-06-21 $0.3060 0.74%
2022-09-19 $0.5290 1.33%
2022-12-19 $0.6350 1.61%
2023-03-20 $0.0280 0.07%
2023-06-20 $0.2270 0.54%
2023-09-18 $0.3280 0.81%
2023-12-18 $0.8650 2.11%
2024-03-15 $0.0390 0.09%
2024-06-21 $0.1700 0.38%
2024-09-20 $0.1340 0.29%
2024-12-20 $1.0660 2.36%
2025-03-21 $0.0470 0.10%
2025-06-20 $0.1390 0.29%
2025-09-19 $0.2800 0.52%
2025-12-19 $1.0330 1.93%
Total 61 payments

Portfolio Dividend Returns

Based on $10,000 initial investment, 20% tax rate, 0.2% transaction cost. Showing 2021-04-21 to 2026-04-21. Change
Date Total Yield Tax Trans. Cost Shares Bought
2021-06-21 $53.15 $10.63 $0.09 0.7911
2021-09-20 $90.16 $18.03 $0.15 1.4516
2021-12-20 $91.81 $18.36 $0.15 1.5332
2022-03-21 $25.94 $5.19 $0.04 0.4524
2022-06-21 $59.38 $11.88 $0.09 1.1342
2022-09-19 $103.25 $20.65 $0.17 2.0977
2022-12-19 $125.28 $25.06 $0.20 2.5679
2023-03-20 $5.60 $1.12 $0.01 0.1152
2023-06-20 $45.39 $9.08 $0.07 0.8846
2023-09-18 $65.88 $13.18 $0.10 1.3100
2023-12-18 $174.87 $34.98 $0.28 3.4731
2024-03-15 $8.02 $1.61 $0.01 0.1539
2024-06-21 $34.99 $7.00 $0.06 0.6355
2024-09-20 $27.66 $5.53 $0.04 0.4876
2024-12-20 $220.57 $44.11 $0.35 3.9663
2025-03-21 $9.91 $1.98 $0.02 0.1721
2025-06-20 $29.34 $5.87 $0.05 0.4925
2025-09-19 $59.23 $11.85 $0.09 0.8771
2025-12-19 $219.43 $43.89 $0.35 3.2987
Total $1449.86 $289.98 $2.32 25.8947

All calculations use split-adjusted closing prices. Dividends are reinvested on the ex-dividend date at that day's closing price.

For each rolling window, returns are calculated at every possible starting point:

return = (value[i] ÷ value[i − windowSize] − 1) × 100

Windows
1-month = 21 trading days, 1-year = 252 trading days, 3-year = 756 trading days.
Statistics
Average: arithmetic mean. Median: middle value when sorted. Best / Worst: max and min. % Positive: share of windows with return > 0.

The series is segmented by calendar year:

return = (endValue ÷ startValue − 1) × 100

startValue is the last value of the prior year (or the first value for the initial year). Partial first/last years are flagged. Dividends, taxes, and transaction costs are scaled proportionally to the initial investment.

GEM

CAGR 8.40% Total 134.35% Final $23,435
2015-09-29 — 2026-04-21
VWRL.AS

CAGR 9.58% Total 257.03% Final €35,703
2012-05-22 — 2026-04-20
EEM

CAGR 9.38% Total 687.11% Final $78,711
2003-04-14 — 2026-04-21