VanEck Vietnam ETF (VNM) Performance
VNM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −10.1% since Dec 31, 2025
- 1 year
- −6.0% total return
- 5 years
- −1.3% a year
- 10 years
- +2.8% a year
- Since first price
- −0.9% a year since 2009
VNM trailing returns vs SPY, QQQ, AGG
| Period | VNM 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 | +2.9% | +2.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −10.4% | −10.4% | +7.8% | +8.4% | −1.5% |
| YTD | −10.1% | −10.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −6.0% | −6.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +43.0%+12.7%/yr | +35.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −6.5%−1.3%/yr | −12.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +31.6%+2.8%/yr | +16.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +23.2%+1.4%/yr | −4.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionAug 14, 2009 | −13.9%−0.9%/yr | −34.1% | — | — | — |
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: VNM vs SPY
From Aug 14, 2009: VNM grew to $8,615, SPY to $102,316.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
VNM returns by calendar year
10 of 16 full years positive. Best 2025 (+66.5%), worst 2011 (−43.8%). 2026 is year to date.
VNM annual returns table
| Year | VNM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −10.1% | −17.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +66.5% | −20.6% | +17.7% | +20.8% | +7.2% |
| 2024 | −11.1% | −18.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.0% | −25.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −43.7% | −49.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +22.0% | −10.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +9.8% | −40.3% | +18.3% | +48.6% | +7.5% |
| 2019 | +9.2% | −11.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −16.8% | −28.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +38.6% | −7.4% | +21.7% | +32.7% | +3.6% |
| 2016 | −9.6% | −17.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −20.1% | −27.7% | +1.2% | +9.4% | +0.5% |
| 2014 | +5.2% | −21.6% | +13.5% | +19.2% | +6.0% |
| 2013 | +7.8% | −27.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +26.4% | −26.7% | +16.0% | +18.1% | +3.8% |
| 2011 | −43.8% | −50.6% | +1.9% | +3.4% | +7.7% |
| 2010 | +4.0% | −19.5% | +15.1% | +19.9% | +6.4% |
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.
VNM largest drawdowns
Now 30.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 22, 2009 | −63.2% | Mar 23, 2020 | not yet | 10.4 years | 17.0 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
VNM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +9.8% | −1.2% | +2.4% | −1.2% |
| Volatility (annualized) | 24.2% | 25.5% | 23.6% | 24.1% |
| Sharpe ratio | 0.32 | -0.06 | 0.12 | 0.02 |
| Sortino ratio | 0.51 | -0.09 | 0.17 | 0.02 |
| Best month | +16.4% | +16.4% | +19.3% | +19.3% |
| Worst month | −14.6% | −14.6% | −24.0% | −24.0% |
| Best 12 months | +66.5% | +66.5% | +74.1% | +74.1% |
| Worst 12 months | −11.1% | −43.7% | −43.7% | −43.8% |
| Positive months | 53% | 52% | 54% | 52% |
| Beta vs S&P 500 | 1.09 | 0.96 | 1.00 | — |
| Correlation with S&P 500 | 0.56 | 0.59 | 0.65 | — |
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.
VNM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 195 | −43.8% | −0.9% | +74.1% | 45% |
| 3-year (a year) | 171 | −17.3% | −1.2% | +21.4% | 46% |
| 5-year (a year) | 147 | −11.3% | −1.9% | +11.0% | 33% |
| 10-year (a year) | 87 | −6.6% | −1.4% | +5.7% | 34% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
VNM performance overview
VanEck Vietnam ETF (VNM) returned −6.0% over the past year and +2.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned −0.9% a year, turning $10,000 into about $8,615. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −63.2%, from Oct 22, 2009 to Mar 23, 2020; the fund has not yet regained that high. VNM finished 10 of its 16 full calendar years with a gain; the best year was 2025 (+66.5%) and the worst 2011 (−43.8%). Volatility has been 24.1% a year.
Related: VNM chart, VNM holdings, VNM dividends. See the VNM overview for the latest quote and fund facts.
VNM performance FAQ
What is the VNM return over the past year?
VNM returned −6.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 6.2%.
What is the average annual return of VNM?
VNM has returned −1.3% a year over 5 years, +2.8% a year over 10 years, −0.9% a year since August 14, 2009 (total return, distributions reinvested).
How much would $10,000 invested in VNM be worth?
$10,000 invested in VNM at its first recorded close on August 14, 2009 would be worth about $8,615 on October 23, 2026 with distributions reinvested.
What was the worst year for VNM?
The worst calendar year was 2011, with a total return of −43.8%. The best was 2025 at +66.5%.
What is the biggest drawdown of VNM?
The largest peak-to-trough decline was −63.2% between October 22, 2009 and March 23, 2020. It has not yet recovered to that high; it is 30.1% below its peak.
How volatile is VNM?
Over the past 3 years VNM had an annualized volatility of 24.2% and a Sharpe ratio of 0.32 (excess return over 1–3 month T-bills per unit of risk).