VNM — VanEck Vietnam ETF
Single Country - Emerging Ranked #438 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 (VNM) is an emerging market single-country fund issued by VanEck with $489 million in assets under management. It holds an ETFValuer grade of F, ranking 17th out of 22 peers in its category and 438th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.66%, which exceeds the category median of 0.59%. Its dividend yield of 0.22% trails the category median of 2.68%, indicating a lower income profile relative to similar funds. The top 10 holdings comprise 54.0% of assets, with Vingroup JSC representing the largest single position at 8.8%.
The fund's price sits at 25.6% of its 52-week range, reflecting a recent 1D gain of +0.53% and a 1W increase of +4.26%. Despite these short-term upticks, the 1-year return of -5.42% significantly underperforms the category median of +7.84%. Longer-term data shows a 3-year return of +53.12%, contrasting with a year-to-date decline of -10.26%. The ETFValuer grade has remained unchanged at F over the last 35 tracked days. Price history is available for only 3.0 years, limiting the depth of historical analysis.
With a beta of 1.10, the fund exhibits higher sensitivity to market movements than the broader index. Annualized volatility stands at 24.35%, classified as High, while the maximum drawdown has reached -27.12%. A Sharpe ratio of -0.43 suggests that risk-adjusted returns have been negative during the measured period. Liquidity is supported by an average daily volume of 546,373 shares. These metrics collectively describe a fund with elevated risk and poor risk-adjusted performance relative to its volatility.
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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — 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 0.22%. 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: Average daily volume is 546K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $489M 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 | +0.53% |
| 1-Week | +4.26% |
| 1-Month | -0.35% |
| 3-Month | +4.96% |
| 6-Month | -9.31% |
| YTD | -10.26% |
| 1-Year | -5.42% |
| 3-Year | +53.12% |
How VNM Compares to Other Single Country - Emerging ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #69 | B |
EWT | iShares MSCI Taiwan ETF | +68.72% | 0.59% | $12.3B |
| #92 | B |
EPOL | iShares MSCI Poland ETF | +33.90% | 0.59% | $834M |
| #96 | B |
FLKR | Franklin FTSE South Korea ETF | +75.07% | 0.09% | $1.79B |
| #116 | B |
EWY | iShares MSCI South Korea ETF | +72.90% | 0.59% | $26.2B |
| #153 | B |
EPU | iShares MSCI Peru ETF | +41.56% | 0.59% | $548M |
| #168 | B |
EWZ | iShares MSCI Brazil ETF | +48.19% | 0.59% | $8.64B |
| #191 | B |
GREK | Global X MSCI Greece ETF | +25.16% | 0.56% | $348M |
| #320 | C |
EWW | iShares MSCI Mexico ETF | +18.81% | 0.5% | $1.49B |
| #332 | C |
THD | iShares MSCI Thailand ETF | +23.33% | 0.59% | $420M |
| #385 | D |
EWM | iShares MSCI Malaysia ETF | +8.63% | 0.5% | $288M |
| #389 | D |
ECH | iShares MSCI Chile ETF | +9.65% | 0.59% | $950M |
| #390 | D |
EZA | iShares MSCI South Africa ETF | +7.04% | 0.59% | $474M |
| #431 | D |
INDA | iShares MSCI India ETF | -15.97% | 0.61% | $5.83B |
| #432 | D |
FXI | iShares China Large-Cap ETF | -17.20% | 0.73% | $3.93B |
| #434 | D |
ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | -3.13% | 0.65% | $1.39B |
| #436 | D |
MCHI | iShares MSCI China ETF | -20.79% | 0.59% | $5.99B |
| #438 | F |
VNM | VanEck Vietnam ETF | -5.42% | 0.66% | $489M |
| #444 | F |
KSA | iShares MSCI Saudi Arabia ETF | -14.54% | 0.75% | $588M |
| #447 | F |
GXC | State Street SPDR S&P China ETF | -17.69% | 0.59% | $457M |
| #450 | F |
INDY | iShares India 50 ETF | -17.02% | 0.65% | $498M |
| #453 | F |
KWEB | KraneShares CSI China Internet ETF | -37.79% | 0.69% | $4.50B |
| #456 | F |
EIDO | iShares MSCI Indonesia ETF | -39.05% | 0.59% | $417M |