Global X MSCI Vietnam ETF (VNAM) Performance
VNAM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.1% since Dec 31, 2025
- 1 year
- +3.5% total return
- 3 years
- +16.9% a year
- Since first price
- −0.7% a year since 2021
VNAM trailing returns vs SPY, QQQ, AGG
| Period | VNAM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.0% | −1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.4% | +6.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.4% | −6.5% | +7.8% | +8.4% | −1.5% |
| YTD | −3.1% | −3.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +3.5% | +3.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +59.9%+16.9%/yr | +56.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionDec 9, 2021 | −3.5%−0.7%/yr | −6.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: VNAM vs SPY
From Dec 9, 2021: VNAM grew to $9,647, SPY to $17,424.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VNAM returns by calendar year
2 of 4 full years positive. Best 2025 (+67.1%), worst 2022 (−44.2%). 2026 is year to date.
VNAM annual returns table
| Year | VNAM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.1% | −17.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +67.1% | −21.2% | +17.7% | +20.8% | +7.2% |
| 2024 | −7.8% | −16.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +13.0% | −24.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −44.2% | −52.8% | −18.2% | −32.6% | −13.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
VNAM largest drawdowns
Now 9.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 7, 2022 | −52.8% | Nov 15, 2022 | May 6, 2026 | 10 months | 4.3 years |
| May 14, 2026 | −17.2% | Jul 27, 2026 | not yet | 2 months | 5 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
VNAM risk statistics
| Statistic | 3 years | Since 2021 |
|---|---|---|
| Annualized return | +13.8% | −1.4% |
| Volatility (annualized) | 22.9% | 25.1% |
| Sharpe ratio | 0.49 | -0.08 |
| Sortino ratio | 0.78 | -0.11 |
| Best month | +14.2% | +14.2% |
| Worst month | −14.7% | −14.9% |
| Best 12 months | +67.3% | +67.3% |
| Worst 12 months | −9.4% | −44.2% |
| Positive months | 53% | 51% |
| Beta vs S&P 500 | 1.11 | — |
| Correlation with S&P 500 | 0.60 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
VNAM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 47 | −44.2% | +4.2% | +67.3% | 53% |
| 3-year (a year) | 23 | −16.5% | +11.1% | +21.5% | 70% |
Every holding period starting at a month-end since 2021. Returns for 3 years and longer are annualized.
VNAM performance overview
Global X MSCI Vietnam ETF (VNAM) returned +3.5% over the past year, with distributions reinvested. Since its first recorded price in 2021 it has returned −0.7% a year, turning $10,000 into about $9,647. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −52.8%, from Jan 7, 2022 to Nov 15, 2022, and it took 3.5 years to get back to the old high. VNAM finished 2 of its 4 full calendar years with a gain; the best year was 2025 (+67.1%) and the worst 2022 (−44.2%). Volatility has been 25.1% a year.
Related: VNAM chart, VNAM holdings, VNAM dividends. See the VNAM overview for the latest quote and fund facts.
VNAM performance FAQ
What is the VNAM return over the past year?
VNAM returned +3.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 3.0%.
How much would $10,000 invested in VNAM be worth?
$10,000 invested in VNAM at its first recorded close on December 9, 2021 would be worth about $9,647 on October 23, 2026 with distributions reinvested.
What was the worst year for VNAM?
The worst calendar year was 2022, with a total return of −44.2%. The best was 2025 at +67.1%.
What is the biggest drawdown of VNAM?
The largest peak-to-trough decline was −52.8% between January 7, 2022 and November 15, 2022. It recovered to the old high on May 6, 2026, 3.5 years after the bottom.
How volatile is VNAM?
Over the past 3 years VNAM had an annualized volatility of 22.9% and a Sharpe ratio of 0.49 (excess return over 1–3 month T-bills per unit of risk).