VNM — VanEck Vietnam ETF
Single Country - Emerging Ranked #450 of 458 tracked ETFs · Issued by VanEck
VNM Price Performance — Growth of $10,000
Value of a $10,000 investment in VNM over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
VNM Drawdown
The "underwater" chart: VNM's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in VNM?
See what a lump sum in VNM would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The VanEck Vietnam ETF is an emerging market single-country fund issued by VanEck with $521 million in assets. It holds an F grade and ranks 19th out of 22 peers in its category, placing it near the bottom of the group. The fund’s 0.66% expense ratio exceeds the category median of 0.59%, while its 0.21% dividend yield trails the median of 2.24%. Concentration is notable, with the top ten holdings representing 54.0% of assets and Vingroup JSC serving as the largest position at 8.8%.
The fund’s rating was downgraded from D to F on 2026-08-04, reflecting its current standing. Price history is available for only 3.0 years, limiting the depth of historical context. Short-term performance shows a 1-month gain of 2.69% and a 3-month increase of 0.84%, contrasting with a year-to-date decline of 6.28%. The 1-year return of -0.13% significantly underperforms the category median of 20.12%. The current price of $17.91 sits at 46.6% of its 52-week range.
With a beta of 1.14, the fund moves more than the broader market, contributing to its high annualized volatility of 26.22%. This risk profile is underscored by a negative Sharpe ratio of -0.20 and a maximum drawdown of -31.60%. Liquidity is moderate, with an average daily volume of 642,748 shares and a bid-ask spread of 0.11%. The combination of high volatility and negative risk-adjusted returns indicates a turbulent recent history.
AI-generated summary based on the data on this page.
VNM Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Vingroup JSC | 8.78% | $50M |
| 2 | Vinhomes JSC | 8.09% | $46M |
| 3 | Masan Group Corp | 5.76% | $33M |
| 4 | Masan Consumer Corp | 5.14% | $29M |
| 5 | Bank for Foreign Trade of Vietnam JSC | 4.95% | $28M |
| 6 | Hoa Phat Group JSC | 4.68% | $26M |
| 7 | Vietnam Dairy Products JSC | 4.57% | $26M |
| 8 | SSI Securities Corp | 4.32% | $24M |
| 9 | VPS Securities JSC | 4.06% | $23M |
| 10 | VIX Securities JSC | 3.63% | $20M |
Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 54.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how VNM's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Market Backdrop
10-Year Treasury Yield: 4.78% (as of 2026-09-04) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 15.30 (as of 2026-09-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What VNM's Fees Cost You
VNM charges an expense ratio of 0.66% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
VNM Dividend Income Estimator
VNM currently yields 0.21%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
VNM Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 0.11% and average daily volume is 643K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $521M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: VNM is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
VNM Performance History
| Period | Return |
|---|---|
| 1-Day | -1.38% |
| 1-Week | -0.83% |
| 1-Month | +2.69% |
| 3-Month | +0.84% |
| 6-Month | +3.95% |
| YTD | -6.28% |
| 1-Year | -0.13% |
| 3-Year | +23.40% |
How VNM Compares to Other Single Country - Emerging ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #58 | B |
EWT | iShares MSCI Taiwan ETF | +93.76% | 0.59% | $11.8B |
| #61 | B |
FLKR | Franklin FTSE South Korea ETF | +160.70% | 0.09% | $1.70B |
| #66 | B |
EWY | iShares MSCI South Korea ETF | +163.72% | 0.59% | $27.7B |
| #73 | B |
EPOL | iShares MSCI Poland ETF | +48.26% | 0.59% | $848M |
| #107 | B |
EPU | iShares MSCI Peru ETF | +68.55% | 0.59% | $564M |
| #154 | C |
GREK | Global X MSCI Greece ETF | +40.99% | 0.56% | $343M |
| #232 | C |
EWZ | iShares MSCI Brazil ETF | +36.16% | 0.59% | $8.17B |
| #268 | C |
EZA | iShares MSCI South Africa ETF | +32.68% | 0.59% | $578M |
| #311 | C |
ECH | iShares MSCI Chile ETF | +23.79% | 0.59% | $1.04B |
| #360 | C |
THD | iShares MSCI Thailand ETF | +31.32% | 0.59% | $346M |
| #364 | C |
EWW | iShares MSCI Mexico ETF | +24.22% | 0.5% | $1.82B |
| #385 | D |
EWM | iShares MSCI Malaysia ETF | +16.46% | 0.5% | $325M |
| #416 | D |
KSA | iShares MSCI Saudi Arabia ETF | +6.18% | 0.75% | $639M |
| #423 | D |
ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | +10.49% | 0.65% | $1.57B |
| #435 | D |
INDA | iShares MSCI India ETF | -6.46% | 0.61% | $6.75B |
| #436 | D |
MCHI | iShares MSCI China ETF | -10.40% | 0.59% | $6.33B |
| #437 | D |
FXI | iShares China Large-Cap ETF | -8.37% | 0.73% | $4.23B |
| #444 | F |
GXC | State Street SPDR S&P China ETF | -6.99% | 0.59% | $474M |
| #450 | F |
VNM | VanEck Vietnam ETF | -0.13% | 0.66% | $521M |
| #451 | F |
INDY | iShares India 50 ETF | -9.07% | 0.65% | $552M |
| #455 | F |
KWEB | KraneShares CSI China Internet ETF | -30.01% | 0.69% | $5.10B |
| #456 | F |
EIDO | iShares MSCI Indonesia ETF | -24.15% | 0.59% | $502M |