VNM
VanEck Vietnam ETF
VanEck Vectors Vietnam ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the price and yield performance of the VanEck Vectors Vietnam Index.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
418.8 M
ASSETS UNDER MGMT
66 bp
EXPENSES
Fund Basics
| Fund sponsor | Van Eck Associates Corp |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 11, 2009 |
| Assets (mns) | $419 |
| Expense ratio | 66 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VINHOMES JSC | 8.3 % |
| VINGROUP JSC | 8.2 % |
| HOA PHAT GROUP JSC | 7.2 % |
| VIET NAM DAIRY PRODUCTS JSC | 6.6 % |
| JSC BANK FOR FOREIGN TRADE | 5.9 % |
| SAIGON SECURITIES INC | 5.6 % |
| MASAN GROUP CORP | 5.1 % |
| VNDIRECT SECURITIES CORP. | 3.5 % |
| VIET CAPITAL SECURITIES JSC | 3.2 % |
| VIX SECURITIES JOINT STOCK COMPANY | 3.1 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 505 |
| Wgt avg mkt cap (mns) | $4,211 |
| Large cap (>$10bn) | 5.3% |
| Mid cap ($2-10bn) | 43.8% |
| Small cap (<$2bn) | 49.0% |
| Developed mkts. | 98.4% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
VIETNAM | 98.9 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 18.4% | 7.8% | 4.6% | -5.4% | -0.2% | -2.6% | -- | -4.0% |
| Dividend Yield | 0.0% | 0.0% | 2.8% | 2.0% | 1.4% | 1.6% | -- | 1.6% |
| Total Returns | 18.4% | 7.8% | 7.3% | -3.4% | 1.3% | -1.0% | -- | -2.4% | Ann. Volatility | 36.5% | 26.6% | 25.6% | 24.8% | 23.2% | 23.4% | -- | 25.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 39% |
| MSCI EAFE | 0.96 | 37% |
| MSCI Emg Mkts | 1.12 | 49% |
Liquidity Measures
| Avg. volume (000) | 368 |
| ADV traded (mns) | $5 |
| Turnover | 1.2% |
| Avg. Bid/Ask (% of price) | 0.08% |
Technical Indicators
| Recent close | $13.73 |
| 30d moving avg. | $13.40 |
| Annualized volatility | 27.4% |
| Relative strength (RSI) | 60 |
| Short interest | 11.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| VNAM | Global X MSCI Vietnam ETF | 78.3% | -16 bp | +8.2% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/30/2025
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
VNM
7.7%
Cat. Avg
8.1%
ALTAR Score™ Calculation
Category Overview
There are 117 funds in the Emerging Equity category, with an average ALTAR Score™
of 8.1% and a standard deviation of
2.5%. VNM's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places VNM in the 43rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VNMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| (66 bp) Percentile rank | 73 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| VNM | 66.0 | 0.0 | 66 |
| Peer Avg. | 55.9 | 19.8 | 75.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .