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FLMX vs VNM

Franklin FTSE Mexico ETF

FLMXBNYSE Arca

VanEck Vietnam ETF

VNMDCboe

Overlap

Expense ratio

FLMX −0.47pt a year

FLMX0.19%VNM0.66%

Avg volume · 30D

VNM 53.0×the volume

FLMX10.2KVNM541K

5Y return · a year

FLMX +15.1pt

FLMX+12.5%VNM−2.6%

FLMX vs VNM Performance

Oct 29, 2021 – Oct 30, 2026

+80.3%FLMX−12.1%VNM

Oct 29, 2021 to Oct 30, 2026. FLMX +80.3%. VNM −12.1%. Use the arrow keys to read each point.−50%25%50%100%Oct 2021Apr 2024Oct 2026
Expense ratio
FLMX 0.19%, better
VNM 0.66%
Fund size
FLMX $82M
VNM $469M
1Y total return
FLMX +16.3%, better
VNM −4.3%
Yield (12M)
FLMX 3.91%, better
VNM 0.23%
Holdings
FLMX 39
VNM 60
Avg volume (30D)
FLMX 10.2K sh
VNM 541K sh, better
NAV per share
FLMX $36.31
VNM $16.80
52W range

ETF.net Grade

FLMX: Cost 100, Risk 54, Mission 65, Tradability 48, Holdings 64, Durability 37. VNM: Cost 14, Risk 44, Mission 31, Tradability 44, Holdings 85, Durability 56.
Pillar letters and Scores for FLMX, VNM, with each pillar’s weight
PillarFLMXVNM
Cost30% weightA100HigherF14
Mission25% weightB65HigherD31
Risk15% weightC54HigherC44
Tradability15% weightC48HigherC44
Holdings10% weightB64A85Higher
Durability5% weightD37B56Higher

Rank among Emerging Markets Single Country funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FLMX and VNM are both graded against the same 21 Emerging Markets Single Country funds, so their Grades compare head to head.

Emerging Markets Single Country⁠

Category · 21 funds
See all 21 ›

FLMX ranks 2nd and VNM 19th of 21 funds in the Emerging Markets Single Country Category.

  1. Rank 1AEWWiShares MSCI Mexico ETFScore 76
  2. Rank 2BFLMXFranklin FTSE Mexico ETFScore 69
  3. Rank 3BEPOLiShares MSCI Poland ETFScore 64
  4. Rank 18DEIDOiShares MSCI Indonesia ETFScore 38
  5. Rank 19DVNMVanEck Vietnam ETFScore 36
  6. Rank 20DQATiShares MSCI Qatar ETFScore 31

Our read on each fund

ETF.net Research

FLMXBFranklin FTSE Mexico ETF

VNMDVanEck Vietnam ETF

In short

FLMX Mexico exposure at a discount. Franklin's tracker charges 0.19%, a fraction of what single-country emerging-market funds usually cost, and holds a compact basket of the country's largest listed companies.

VNM The 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

FLMX The Fund seeks to track the performance of the FTSE Mexico Capped Index before fees and expenses through an indexing strategy, investing at least 80% of assets in index components or related exposure.

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

Why people hold it

  • FLMX At 0.19%, one of the cheapest wrappers for Mexican equities: well under the roughly 0.59% median in its single-country EM cohort, and under EWW's 0.50%.
  • Plain, rules-based mandate: it tracks the FTSE Mexico Capped Index, keeping at least 80% of assets in index components or related exposure. No manager guesswork.
  • The index is a capped one, which limits how much of the portfolio any single Mexican mega-cap can occupy.
  • Live since 2017 and, on our review, one of the stronger implementations among single-country emerging-market funds.
  • VNM Straight Vietnam, undiluted: the fund tracks the MarketVector Vietnam Local Index, an all-Vietnam equity benchmark, so the entire portfolio moves with that one market.
  • Live 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.
  • Backed 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

  • FLMX Thinly traded. Spreads can run wider than at the category's busiest funds, which adds to the real cost of getting in and out beyond the headline fee.
  • One country, roughly 40 stocks. Concentration is the point, but it means Mexican policy, oil and peso moves all land straight in a dollar-based return.
  • Income arrives quarterly, not monthly.
  • VNM At 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%.
  • About 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.
  • Its 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.

Full FLMX profile⁠

Full VNM profile⁠

FLMX vs VNM Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FLMX vs VNM Cost

Overpaying VNM vs FLMX

$8,944

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FLMX 0.19%

    $3,952

  • VNM 0.66%

    $12,896

$10,000
30 years

Cost over time

  • FLMX 0.19%
  • VNM 0.66%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530VNM $12,896FLMX $3,952

Year by year

YearFLMXVNMOverpaying
10$347$1,180$833
20$1,351$4,504$3,153
30$3,952$12,896$8,944

Expense ratio

  • 0.19%FLMX, cheaper
  • 0.66%VNM
  • Middle half of Emerging Markets Single Country funds
  • Median 0.59%

FLMX cheapest of 21 funds

VNM 19th cheapest of 21 funds

FLMX vs VNM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FLMX 3.91%, better
VNM 0.23%
Payout (12M)
FLMX $1.42
VNM $0.04
Last payment
FLMX $0.72
VNM $0.04
Ex-dividend
FLMX Jun 26, 2026
VNM Dec 22, 2025
Paid on
FLMX Jul 6, 2026
VNM Dec 26, 2025
Frequency
FLMX Twice a year
VNM Irregular

Distribution history

Per share, 2017 to 2026, same scale for both

FLMXTwice a year · 20 paymentsAll FLMX payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Dec 20, 2017 $0.08; Jun 20, 2018 $0.14; Dec 20, 2018 $0.38; Jun 11, 2019 $0.31; Dec 11, 2019 $0.36; Jun 11, 2020 $0.13; Dec 14, 2020 $0.19; Jun 10, 2021 $0.26; Dec 13, 2021 $0.53; Jun 17, 2022 $0.34; Dec 16, 2022 $0.69; Jun 16, 2023 $0.28; Dec 15, 2023 $0.68; Jun 21, 2024 $0.19; Dec 20, 2024 $0.50; Dec 31, 2024 $0.07; Jun 20, 2025 $0.65; Dec 19, 2025 $0.66; Dec 30, 2025 $0.04; Jun 26, 2026 $0.72. Use the arrow keys to read each point.$0$0.502017202020232026YTD
VNMIrregular · 12 paymentsAll VNM payments⁠
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.$0$0.502017202020232026YTD

FLMX vs VNM Risk

Fall from peak · 5 years

  • FLMX
  • VNM
Oct 29, 2021 to Oct 30, 2026. Worst fall: VNM −49.9% · Apr 2025. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FLMX 20.0%, betterVNM 22.4%
Return per unit of riskSharpe ratio, 3 years
FLMX 0.55, betterVNM 0.53
Worst fallMax drawdown, 5 years
FLMX −31.7%, betterVNM −49.9%
Market sensitivityBeta, 5 years
FLMX 1.08VNM 1.07

FLMX and VNM in the news

All news⁠

Popular comparisons

  • FLMXBvsEWWA

    Franklin FTSE Mexico ETF · iShares MSCI Mexico ETF

    Expense ratio
    0.19% · 0.50%
    Category
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  • VNMDvsEWWA

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    Category
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  • VNMDvsEWMB

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