EWW vs KPHO

EWWAiShares MSCI Mexico ETF

KPHOFKraneshares Dragon Capital Vietnam Growth Index ETF

In short

EWW Mexico in one ticker, doing that job since 1996. Roughly 40 of the country's biggest listed names, capped so no single company runs the show, for 0.50% a year.

KPHO Vietnam, run by people who live there. KraneShares hands the stock selection to Dragon Capital, a Vietnam-based manager with three decades on the ground, and wraps it in a published growth index and a US-listed ETF.

Stated mandate

EWW The fund seeks to track an index composed of Mexican equities and provides targeted exposure to companies in Mexico.

KPHO The Fund seeks to provide investment results that generally correspond, before fees and expenses, to the performance of its specified equity securities index.

Why people hold it

• EWW 0.50% a year, below the typical single-country emerging-market fund. Cheap is not the pitch here, but you are not paying a premium for the exposure.
• A billion-dollar-plus fund that trades actively, which is why it has long been the default way US investors get Mexico exposure in a brokerage account.
• The 25/50 index rules keep any one issuer from swallowing the portfolio, a real safeguard in a market where a handful of giants dominate the exchange.ishares.com
• Tracks its MSCI Mexico index tightly and ranks among the strongest builds in the single-country emerging-market group.

• KPHO The sub-advisor is Dragon Capital, a Vietnam-based manager the issuer describes as having over 30 years in the market. Local research, not a New York desk squinting at Ho Chi Minh City.kraneshares.comkraneshares.com 2
• It follows the Dragon Capital MerQube Vietnam Growth Index: published rules that pick locally listed Vietnamese companies on fundamental growth criteria rather than a manager's hunches.kraneshares.com
• One ticker gets you locally listed Vietnamese equities inside an ordinary US-listed 1940 Act fund, a market most US brokerage accounts cannot reach directly.kraneshares.com

Worth knowing

• EWW About 40 stocks, one country, one currency. Peso moves and Mexican politics land straight in the return, with no diversification to soften them.
• FLMX tracks Mexico for 0.19%. If cost is the deciding factor, that gap is the trade-off against EWW's deeper trading and longer track record.
• Distributions come once or twice a year, not monthly. This is an equity exposure vehicle, not a steady income line.

• KPHO The 1.02% fee sits near the top of the single-country emerging-market shelf, where the typical fund charges closer to 0.59%. Local expertise is not priced like an index tracker.
• It listed in December 2025 and began life small and thinly traded, so quotes can be wider than on long-established country funds and there is little live track record yet.
• One country, one currency: Vietnam's market sets the whole result. Distributions come once or twice a year, so this is a growth-shaped holding, not an income stream.

Full EWW profile⁠

Full KPHO profile⁠