The Motley FoolT3·2d ago
VWO Vanguard FTSE Emerging Markets ETF
ETF 58.17 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
VWO
$58.17
—
Key stats
$58.17
Pre-market
$57.16
-1.75%
- 52-Week Range
- $52.20 – $61.53
- YTD
- +5.90%
- IV Rank (30D)
- 38.3
- Straddle Price
- $2.35
- P/C Vol Ratio
- 7.08
- Open
- $58.29
- Day Range
- $57.95 – $58.29
- Volume
- 6,268,721
- Prev Close
- $58.25
About
Vanguard FTSE Emerging Markets ETF (VWO) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2005-03-04
- Has Options
- Yes
- Homepage
- https://investor.vanguard.com/etf
Fund profile
holdings as of Sep 30, 2026issuer datathrough Jul 2026flows, SEC filings
- Expense ratio
- 0.06% issuer, Oct 21, 2026
- Assets
- $123.1B shares × price, Oct 20, 2026
- Trailing yield
- 2.09% paid quarterly
- Average daily volume
- $420M 30 sessions
- Holdings
- 5,102 top 10 are 27.3%
- Listed
- Mar 4, 2005 NYSE Arca
- Last fee change
- -1 bp filed Feb 2, 2026
- Net asset value
- $58.32 issuer, Oct 20, 2026 · closed -0.12% to NAV
- Tracking difference
- +0.21 pts vs index, after fees, FY 2025
Cost98
Liquidity100
Scale100
Diversification63
Moves with. US large-cap stocks (50% of its variance, beta 0.85); Emerging markets over US (40% of its variance, beta 0.52); Gold (3% of its variance, beta 0.04). These factors explain 92% of its daily moves over the last year.
Stated objective. Vanguard Emerging Markets Stock Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. (from the fund's prospectus)
All 5,102 holdingsFlow historySimilar fundsOverlap toolAll Emerging Markets ETFs
Fund flows
through Jul 2026SEC filingsReported for all 5 share classes of this fund together, including its mutual fund classes.
- Jul 2026
- +$1.7B latest reported month
- Latest 3 months
- +$2.2B +1.3% of assets
- Latest 12 months
- +$11.9B +7.3% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$1.7B |
| Jun 2026 | +$358M |
| May 2026 | +$149M |
| Apr 2026 | −$29M |
| Mar 2026 | +$160M |
| Feb 2026 | +$2.1B |
| Jan 2026 | +$2.0B |
| Dec 2025 | +$1.8B |
| Nov 2025 | +$1.8B |
| Oct 2025 | +$980M |
| Sep 2025 | +$841M |
| Aug 2025 | +$164M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| SCHESchwab Emerging Markets Equity ETF | 83% | 0.06% | $12.6B | +7.0% | compare |
| IEMGiShares Core MSCI Emerging Markets ETF | 76% | 0.09% | $152.4B | +15.6% | compare |
| EEMiShares MSCI Emerging Markets ETF | 74% | 0.72% | $29.4B | +16.9% | compare |
| BBEMJPMorgan BetaBuilders Emerging Markets Equity ETF | 74% | 0.15% | $830M | +12.8% | compare |
| BKEMBNY Mellon Emerging Markets Equity ETF | 72% | 0.11% | $104M | +17.4% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Sep 30, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 1% net selling
- Reporting earnings
- 0.1% of weight in 7 days; 0.3% in 14
Holdings reporting in the next 14 days · weighted implied move this week 0.02%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Aug 31, 2026 → Sep 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | National Bank of Greece SA | 0.13% | — | — |
| Exit | Eurobank SA | 0.10% | — | — |
| Exit | Piraeus Bank SA | 0.10% | — | — |
| Decrease | Bank for Investment and Development of Vietnam JSC | 0.08% | 0.00% | −79.5% |
| Exit | Alpha Bank SA | 0.07% | — | — |
| Increase | Hon Precision Inc | 0.01% | 0.08% | +479.3% |
| Decrease | Agricultural Bank of China Ltd | 0.20% | 0.15% | −30.1% |
| Decrease | Grupo Financiero Banorte SAB de CV | 0.26% | 0.22% | −14.1% |
| Exit | Bank of Cyprus Holdings PLC | 0.04% | — | — |
| Exit | Motor Oil Hellas Corinth Refineries SA | 0.04% | — | — |
2 new, 13 exited, 21 increased and 11 decreased between the fund's two latest holdings reports; turnover 5.0%. Full holdings and history
Under the hood
fiscal year to Oct 31, 2025SEC census- Authorized participants
- 3 active of 40 with agreements; top 3 did 100%
- Created · redeemed
- $6.4B · $0 over the fiscal year
- Redemptions in kind
- 1% creations 0% in kind
- Creation unit
- 200,000 shares
- Securities lending
- 1.15% of assets on loan on average; earned 5.2 bp
- Return vs index
- +0.21 pts after fees; +0.56 before; daily s.d. 12.33
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-09-30
Holdings
5102
AUM
$170.9B
Provider
Vanguard
Inception
2005-03-04
Exchange
ARCX
Data As Of
2026-09-30
Expense Ratio
0.06%
Dividend Yield
2.09%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-18 | 2026-09-22 | $0.1137 | CD |
| 2026-06-18 | 2026-06-23 | $0.0710 | CD |
| 2025-12-19 | 2025-12-23 | $1.0325 | CD |
| 2025-09-19 | 2025-09-23 | $0.2795 | CD |
| 2025-06-20 | 2025-06-24 | $0.1385 | CD |
| 2025-03-21 | 2025-03-25 | $0.0468 | CD |
Asset Allocation
Top Holdings
top 50 of 5102 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | Taiwan Semiconductor Manufacturing Co Ltd | 15.76% | Equity (Foreign) | TW |
| — | SLCMT1142 | 2.96% | Cash/Money Market | — |
| — | Tencent Holdings Ltd | 2.82% | Equity (US) | — |
| — | Alibaba Group Holding Ltd | 2.11% | Equity (Foreign) | CN |
| — | MediaTek Inc | 1.88% | Equity (Foreign) | TW |
| — | MKTLIQ | 0.95% | Cash/Money Market | — |
| — | Delta Electronics Inc | 0.95% | Equity (Foreign) | TW |
| — | China Construction Bank Corp | 0.91% | Equity (Foreign) | CN |
| — | Hon Hai Precision Industry Co Ltd | 0.80% | Equity (Foreign) | TW |
| HDFCB | HDFC Bank Ltd | 0.70% | Equity (Foreign) | IN |
| RELIANCE | Reliance Industries Ltd | 0.69% | Equity (Foreign) | IN |
| — | Industrial & Commercial Bank of China Ltd | 0.65% | Equity (Foreign) | CN |
| — | ASE Technology Holding Co Ltd | 0.61% | Equity (Foreign) | TW |
| ICICIBC | ICICI Bank Ltd | 0.61% | Equity (Foreign) | IN |
| PDD | PDD HOLDINGS INC | 0.50% | Equity (Foreign) | CN |
| BHARTI | Bharti Airtel Ltd | 0.47% | Equity (Foreign) | IN |
| — | Xiaomi Corp | 0.46% | Equity (Foreign) | CN |
| — | Bank of China Ltd | 0.43% | Equity (Foreign) | CN |
| — | Meituan | 0.41% | Equity (Foreign) | CN |
| RJHI | Al Rajhi Bank | 0.41% | Equity (Foreign) | SA |
| VALE3 | Vale SA | 0.40% | Equity (Foreign) | BR |
| — | Unimicron Technology Corp | 0.40% | Equity (Foreign) | TW |
| ANG | Anglogold Ashanti Plc | 0.39% | Equity (Foreign) | ZA |
| — | United Microelectronics Corp | 0.39% | Equity (Foreign) | TW |
| — | Elite Material Co Ltd | 0.37% | Equity (Foreign) | TW |
| — | NetEase Inc | 0.37% | Equity (Foreign) | CN |
| PETR4 | PETROBRAS - PETROLEO BRAS-PR | 0.35% | Equity (Foreign) | BR |
| ITUB4 | ITAU UNIBANCO HOLDING S-PREF | 0.34% | Equity (Foreign) | BR |
| — | Ping An Insurance Group Co of China Ltd | 0.33% | Equity (Foreign) | CN |
| ARAMCO | Saudi Arabian Oil Co | 0.33% | Equity (Foreign) | SA |
| — | Fubon Financial Holding Co Ltd | 0.33% | Equity (Foreign) | TW |
| — | Nan Ya Plastics Corp | 0.33% | Equity (Foreign) | TW |
| PETR3 | Petroleo Brasileiro SA - Petrobras | 0.32% | Equity (Foreign) | BR |
| — | CTBC Financial Holding Co Ltd | 0.31% | Equity (Foreign) | TW |
| INFO | Infosys Ltd | 0.31% | Equity (Foreign) | IN |
| GMEXICOB | Grupo Mexico SAB de CV | 0.29% | Equity (Foreign) | MX |
| — | BYD Co Ltd | 0.29% | Equity (Foreign) | CN |
| — | Asia Vital Components Co Ltd | 0.28% | Equity (Foreign) | TW |
| — | Cathay Financial Holding Co Ltd | 0.28% | Equity (Foreign) | TW |
| — | JD.com Inc | 0.27% | Equity (Foreign) | CN |
| GFI | Gold Fields Ltd | 0.27% | Equity (Foreign) | ZA |
| NPN | Naspers Ltd | 0.26% | Equity (Foreign) | ZA |
| SNB | Saudi National Bank/The | 0.26% | Equity (Foreign) | SA |
| — | TS Financial Holding Co Ltd | 0.26% | Equity (Foreign) | TW |
| KFH | Kuwait Finance House KSCP | 0.25% | Equity (Foreign) | KW |
| OTP | OTP Bank Nyrt | 0.25% | Equity (Foreign) | HU |
| AXSB | Axis Bank Ltd | 0.24% | Equity (Foreign) | IN |
| FSR | FirstRand Ltd | 0.24% | Equity (Foreign) | ZA |
| MM | Mahindra & Mahindra Ltd | 0.24% | Equity (Foreign) | IN |
| — | Quanta Computer Inc | 0.23% | Equity (Foreign) | TW |
Geographic Breakdown
Non-Equity Breakdown
VANGUARD EMERGING MARKETS STOCK INDEX FUND ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$162.04B
· 6393 total positions
· equity 99.15%
· non-equity 4.10%
Non-equity holdings
— 53 positions,
4.10% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 4.14% | $6.71B | 3 |
| Derivative (FX) | 0.01% | $8.6M | 34 |
| Derivative (equity) | -0.05% | $-85213809 | 16 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.66% | -0.28% | 7.18% | -2.41% | 1.09% | 2.80% | 1.84% |
| Feb | -0.94% | -4.28% | -7.59% | 2.78% | 1.34% | 2.32% | -1.06% |
| Mar | -3.49% | -2.20% | 0.47% | 0.48% | 2.17% | -5.57% | -1.36% |
| Apr | 0.88% | -7.59% | -0.81% | 0.55% | -0.35% | 8.71% | 0.23% |
| May | 1.74% | 0.67% | -2.64% | 2.04% | 3.91% | 1.51% | 1.21% |
| Jun | -1.27% | -3.92% | 2.42% | 0.57% | 4.50% | -1.21% | 0.18% |
| Jul | -5.39% | -0.19% | 4.84% | 0.98% | 0.28% | -0.94% | -0.07% |
| Aug | 1.38% | 0.15% | -4.57% | 2.66% | 4.02% | 2.47% | 1.02% |
| Sep | -5.39% | -10.87% | -4.30% | 8.65% | 5.29% | -2.26% | -1.48% |
| Oct | 1.24% | -4.32% | -2.89% | -3.40% | 0.83% | -1.44%* | -1.66% |
| Nov | -3.83% | 12.43% | 6.33% | -2.17% | -1.43% | -- | 2.27% |
| Dec | 0.61% | -3.56% | 0.74% | -3.84% | -0.90% | -- | -1.39% |
| Total | -11.59% | -22.88% | -1.97% | 6.44% | 22.52% | 5.88% | -0.27% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $59.34
SMA 50: $59.97
SMA 200: $58.30
Current: $58.18
EMA 12: $58.85
EMA 26: $59.33
MACD: -0.4832 | Signal: -0.1688
BEARISH
ADX (14): 19.92
RANGE
+DI: 17.70
−DI: 38.67
Momentum Oscillators
RSI (14): 37.93
NEUTRAL
Stoch %K: 10.50
Stoch %D: 9.66
Williams %R: -87.69
Volume & Volatility
BB Upper: $60.87
BB Lower: $57.80
NEUTRAL
OBV: 188,299,878
Vol SMA 20: 7,481,882
Vol ROC: 18.78%
ATR: $0.62
True Range: $0.34
HV 20: 13.1%
HV 30: 14.8%
HV 60: 13.8%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary Overall Assessment: NEUTRAL (6/10)
Key Drivers:
- Strong bullish momentum signal from MACD
- Neutral RSI reading, indicating no strong trend or overselling
- Bullish sentiment in options market with a Put/Call Volume Ratio of 0.26
Primary Risks:
- High volatility as indicated by beta and stock volatility metrics
- Potential for mean reversion if the current trend continues
Investment Thesis: VWO is trading within a neutral range, awaiting a catalyst to break out. The bullish momentum signal from MACD and positive options sentiment suggest a potential upside, while high volatility and risk metrics indicate caution.
Recent News Sentiment Impact: The recent news headlines are mostly positive, with articles highlighting the fund's performance and discussing its advantages over other international ETFs. This sentiment aligns with the technical analysis, supporting the bullish momentum signal.
Technical Analysis
Trend Direction:
- Short-term: Neutral (range-bound)
- Medium-term: Bullish
- Long-term: Neutral
Support/Resistance Levels: The current price of $59.02 is near the upper Bollinger Band at $61.01. The next resistance level would be around $61.41, based on the SMA 200.
Momentum Signals:
- RSI (14): 47.95 (neutral)
- MACD: -0.04 / Signal: -0.06 / Histogram: 0.01 (bullish)
- Bollinger Bands position: neutral
Volume Analysis: The volume trend is neutral, with a Volume SMA 20 of 8889444.90 and On-Balance Volume (OBV) at 238132409.89.
News & Sentiment Analysis
Recent Headlines Summary:
- Positive articles highlighting the fund's performance and advantages over other international ETFs
- Neutral articles discussing the differences between Vanguard Total World Stock ETF and FTSE Emerging Markets ETF
Sentiment Assessment: The overall sentiment is positive, with a majority of articles having a bullish tone.
Catalyst Identification: No specific catalyst identified in recent news headlines.
Market Narrative: The market narrative aligns with the technical analysis, supporting the bullish momentum signal. The recent news headlines are mostly positive and highlight the fund's strengths, which further supports this assessment.
Risk & Volatility Assessment
Beta Interpretation: VWO has a beta of 1.08, indicating above-average volatility compared to the SPY.
Volatility Regime: The current volatility regime is high, with an IV rank of 40.8% and an expected move of $3.48 by expiration.
Options Market Signals: The options market is pricing in a moderate amount of volatility, with an IV premium vs HV30 of 84.9%. The Put/Call Volume Ratio is 0.26, indicating bullish sentiment.
Downside Protection: The next support level would be around $56.43, based on the SMA 200.
Market Context & Positioning
Sector Performance: VWO's sector performance has been relatively strong, with a correlation of 0.79 to the SPY.
Institutional Activity: No specific institutional activity identified in recent trading data.
Correlation Analysis: The stock moves in line with the market (R-squared interpretation), indicating a high degree of correlation.
Relative Valuation: VWO is trading within its historical range, indicating no significant undervaluation or overvaluation.
Key Levels & Action Items
Critical Price Levels:
- Support: $58.09
- Resistance: $61.41
Breakout/Breakdown Levels:
- Breakout above $61.01 would indicate a strong bullish signal
- Breakdown below $56.43 would suggest a bearish trend
Time-Sensitive Catalysts: No specific time-sensitive catalyst identified.
Risk Management: A stop-loss level around $56.43 and position sizing considerations are recommended to manage risk.
Recommendations
Based on the analysis, I recommend a NEUTRAL rating for VWO, with a confidence level of 6/10. The strong bullish momentum signal from MACD and positive options sentiment suggest potential upside, while high volatility and risk metrics indicate caution.
Generated
News
All VWO news →
Zacks Investment ResearchT3·6d ago
Zacks Investment ResearchT3·8d ago
The Motley FoolT3·27d ago
Zacks Investment ResearchT3·1mo ago
Zacks Investment ResearchT3·1mo ago
Zacks Investment ResearchT3·1mo ago
Zacks Investment ResearchT3·1mo ago
The Motley FoolT3·3mo ago
The Motley FoolT3·4mo ago
Showing 1–10 of 50
Page 1 of 5
VWO Options Activity & IV Rank
VWO IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 17.2%
7-DTE IV: —
Expected Move: $2.35
7-DTE Move: $2.35
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 125
Put Volume: 885
P/C Volume: 7.08
BEARISH
Call OI: 4,073
Put OI: 1,279
P/C OI: 0.314
Total OI: 5,352
ATM Options Pricing
ATM Call: $1.27
ATM Put: $1.07
Call %: 2.2%
Put %: 1.8%
Chain Summary
Chain Volume: 7,792
Chain OI: 20,265
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 23rd percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
23%
vs own history
GEX tilt
+0.14
OI-weighted, today
Vanna tilt
+0.84
δ-sensitivity to IV
Charm tilt
-0.86
δ-decay vs time
Vanna tilt +0.84: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.86: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 51 ATM contracts, 16k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 17.6% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)38.3MediumOct 21
Straddle Price (30 DTE)$2.35Oct 21
Beta Analysis
Risk Metrics
Beta: 1.1098
Alpha: -8.64%
Correlation: 0.8127
R-Squared: 66.1%
Stock Volatility: 17.3%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
VWO Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
8 filers$74.34M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $33.25M | 44.72% | 2026-06-30 |
| 2 | Walleye Trading LLC | $13.45M | 18.09% | 2026-06-30 |
| 3 | Tidal Investments LLC | $7.99M | 10.74% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $7.63M | 10.27% | 2026-06-30 |
| 5 | Wells Fargo & Company Custodian | $6.45M | 8.67% | 2026-06-30 |
| 6 | UBS Group AG Custodian | $3.10M | 4.17% | 2026-06-30 |
| 7 | Jane Street Group, LLC Custodian | $2.48M | 3.33% | 2026-06-30 |
| 8 | Belvedere Trading LLC | $5.97K | <0.01% | 2026-06-30 |
9 filers$72.69M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Walleye Trading LLC | $25.74M | 35.41% | 2026-06-30 |
| 2 | Wells Fargo & Company Custodian | $21.29M | 29.29% | 2026-06-30 |
| 3 | UBS Group AG Custodian | $7.38M | 10.15% | 2026-06-30 |
| 4 | Barclays PLC Custodian | $5.96M | 8.20% | 2026-06-30 |
| 5 | Citadel Advisors LLC Custodian | $5.62M | 7.73% | 2026-06-30 |
| 6 | Susquehanna International Group, LLP Custodian | $5.00M | 6.88% | 2026-06-30 |
| 7 | Jane Street Group, LLC Custodian | $1.62M | 2.23% | 2026-06-30 |
| 8 | Belvedere Trading LLC | $71.63K | 0.10% | 2026-06-30 |
| 9 | Cresset Asset Management, LLC | $11.94K | 0.02% | 2026-06-30 |
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
5.69M
SI % of Float
0.27%
Days to Cover
1.00
Short Vol Ratio
43.8%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|