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VNM

GradeDChicago Board Options Exchange

VanEck Vietnam ETF

Countries & Regions · VanEck · Inception 2009-08-11 · SEC filings

$17.34−0.17 (−1.00%)

As of Sep 23, 2026, 3:15 PM EDT

Intraday session: down, 68 prints from 17.51 to 17.34. Range 17.33 to 17.47. Use the arrow keys to read each point.$17.40$17.4510 AM12 PM2 PM4 PM
Expense ratio
0.66%
Fund size
$508M
1Y return
+0.1%
Yield · Last 12 months
0.22%
Holdings
58
Volume · 30D
0.6M sh
NAV per share
$17.57
52W range
low $16.22high $19.85

The ETF.net VNM Grade

D

33/ 100

Rank 19 of 22 in Emerging Markets Single Country⁠

Confidence High

Six-pillar profile for VNM. Scores out of 100: Cost 14, Risk 33, Mission 22, Tradability 47, Holdings 87, Durability 55. Strongest: Holdings (87). Weakest: Cost (14). Leans toward Holdings.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 33 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 14
    Category rank19/22 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 22
    Category rank16/22 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 33
    Category rank19/22 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 47
    Category rank12/22 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 87
    Category rank2/20 · top 10%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 55
    Category rank12/22 · mid-pack

Graded as of Sep 22, 2026

Our read on VNM

ETF.net Research

DThe US-listed pure play on Vietnam. Since 2009, VanEck has packed roughly 60 Vietnamese stocks into one ticker, with no broad emerging-market wrapper diluting the bet.

Stated mandate

The fund seeks to track, before fees and expenses, the price and yield performance of the MarketVectorTM Vietnam Local Index.

Why people hold it

  1. 01Straight Vietnam, undiluted: the fund tracks the MarketVector Vietnam Local Index, an all-Vietnam equity benchmark, so the entire portfolio moves with that one market.
  2. 02Live since 2009, a veteran by single-country emerging-market standards, and it trades actively enough that getting in and out is rarely the hard part.
  3. 03Backed by VanEck with assets in the mid-size range, giving it the scale and shelf life that thinly held single-country products often lack.

Worth knowing

  1. 01At 0.66% a year, it prices above the typical single-country emerging-market fund, and far above budget peers in the group like FLMX at 0.19%.
  2. 02About 60 stocks, one country, one currency. Vietnamese policy news and the dong swing this fund far harder than they would a diversified emerging-market holding.
  3. 03Its results have followed the index less closely than most funds in its peer group, so what lands in your account can drift from the benchmark's headline figures.

VNM Holdings

As of Sep 20, 2026, 6:07 AM
Asset class
Stocks
Holdings
58
Top-10 weight
57%
Largest holding
Vingroup Jsc10.2%

Sectors

  • Financials31.6%
  • Real Estate25.6%
  • Cons. Staples15.9%
  • Industrials13.5%
  • Materials6.7%
  • Technology2.6%
  • Consumer Discr.2.0%
  • Energy1.4%
  • Utilities0.8%

Geography

  • Vietnam100.00%

Developed 0% · Emerging 100% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Vingroup Jsc10.25%5,649,798$53M1
002—Vinhomes Jsc8.09%15,086,534$41M1
003—Masan Consumer Corp5.92%5,409,300$30M1
004—Masan Group Corp5.75%11,304,676$29M1
005—Vietnam Dairy Products Jsc5.35%11,832,441$27M1
006—Bank For Foreign Trade Of Vietnam Jsc5.04%11,263,401$26M2
007—Hoa Phat Group Jsc4.53%28,452,898$23M2
008—Ssi Securities Corp4.36%27,401,191$22M1
009—Vps Securities Jsc3.76%17,396,000$19M1
010—-VND CASH-3.72%496,453,877,111$19M1
011—Vix Securities Jsc3.08%31,906,779$16M2
012—Fpt Corp2.69%4,822,300$14M3
013—Saigon Thuong Tin Commercial Jsb2.62%4,574,300$13M1
014—Vietjet Aviation Jsc2.37%2,488,162$12M1
015—Vincom Retail Jsc2.20%11,333,422$11M1

Showing 1–15 of 59 holdings

VNM Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

VNM$10,009
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. VNM $10,009. SPY $11,723. Use the arrow keys to read each point.$9,146$10,551$11,955Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for VNM. Periods over one year show the average yearly return.
PeriodVNM
Year to date−8.2%
1 month−2.0%
3 months−6.1%
1 year+0.1%
3 years+9.3%per year
5 years−1.1%per year
10 years+2.8%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for VNM
YearReturn barVNM
2026 YTD−8.2%
2025+66.5%
2024−11.1%
2023+15.1%
2022−43.7%
2021+22.0%
2020+9.8%

VNM in the news

VNM Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.22%Last 12 months
Payout per share
$0.04Last 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2017–2026

One bar per payment. 12 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.15; Dec 27, 2017 $0.03; Dec 20, 2018 $0.12; Dec 23, 2019 $0.11; Dec 30, 2019 $0.02; Dec 21, 2020 $0.07; Dec 20, 2021 $0.10; Dec 19, 2022 $0.11; Dec 28, 2022 $0.0034; Dec 18, 2023 $0.66; Dec 27, 2023 $0.02; Dec 22, 2025 $0.04. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$0.04
Dec 27, 2023Dec 29, 2023$0.02
Dec 18, 2023Dec 22, 2023$0.66
Dec 28, 2022Dec 30, 2022$0.0034
Dec 19, 2022Dec 23, 2022$0.11
Dec 20, 2021Dec 27, 2021$0.10
Dec 21, 2020Dec 28, 2020$0.07
Dec 30, 2019Jan 6, 2020$0.02
Dec 23, 2019Dec 30, 2019$0.11
Dec 20, 2018Dec 27, 2018$0.12
Dec 27, 2017Jan 3, 2018$0.03
Dec 18, 2017Dec 22, 2017$0.15

VNM Risk

How much the fund’s monthly returns vary, scaled to a year.
24.8%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.25
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−49.9%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.07
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

VNM Cost

Expense ratio0.66%
  • The middle half of Emerging Markets Single Country funds
  • Median 0.59%

18 of the 21 Emerging Markets Single Country funds charge less.

VNM costs $66.00 a year on $10,000. The median Emerging Markets Single Country fund costs $59.00.