VNM — VanEck Vietnam ETF

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.

Overview

The VanEck Vietnam ETF (VNM) is a Single Country - Emerging fund issued by VanEck that tracks 22 other ETFs within its specific category. With an asset base of $565 million and a current share price of $16.58, the fund represents a moderate level of investor adoption relative to the broader market. It carries an expense ratio of 0.66% and offers a dividend yield of 0.20%. In terms of overall standing, the ETF holds an ETFValuer grade of F with a score of 32.9 out of 100. This rating places the fund at rank #442 out of 458 tracked ETFs across all categories. The combination of a low yield and a high expense ratio suggests a cost structure that may challenge total return generation for income-focused investors.

Recent price action shows a sharp divergence between short-term gains and longer-term losses, with the fund rising 1.47% over the last day. However, this immediate gain contrasts with a 1.54% decline over the week and a significant 8.70% drop over the past month. The downward trend deepens over longer horizons, as the fund has fallen 12.32% in three months and 14.62% over six months. Year-to-date performance reflects this struggle with a decline of 13.24%, while the one-year return stands at a positive 3.84%. Despite the recent negative momentum, the three-year return remains robust at 18.32%, indicating a history of growth that has recently been offset by shorter-term volatility.

The fund is classified with a High volatility label and exhibits a beta of 1.07, suggesting it moves slightly more than the broader market. This sensitivity is reflected in a maximum drawdown of -31.60%, indicating substantial potential for capital loss during market downturns. The Sharpe ratio of -0.04 further highlights the difficulty in generating risk-adjusted returns, as the fund has not adequately compensated investors for the level of risk taken. A beta above 1.0 combined with a negative Sharpe ratio implies that the ETF tends to amplify market movements without providing sufficient excess return. These metrics collectively describe a security that experiences significant price swings and has recently underperformed on a risk-adjusted basis.

AI-generated summary based on the data on this page.

VNM Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 53.8% 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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

VNM Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.06% and average daily volume is 622K/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 $565M 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

How VNM Compares to Other Single Country - Emerging ETFs