- ISIN
- US37960A8835
- CUSIP
- 37960A883
- Issuer
- Global X
- Inception Date
- Dec 7, 2021
- Region
- Emerging Asia Pacific (Vietnam)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Vietnam Select 25/50 Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $37M
Share Price Chart
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Performance
VNAM Performance Chart
Global X MSCI Vietnam ETF (VNAM) is up 1.0% since the beginning of the year. VNAM is currently trading at $25 per share.
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Returns By Period
Global X MSCI Vietnam ETF (VNAM) has returned 0.99% so far this year and 51.15% over the past 12 months.
Global X MSCI Vietnam ETF
- 1D
- 0.59%
- 1M
- -1.55%
- YTD
- 0.99%
- 6M
- 2.48%
- 1Y
- 51.15%
- 3Y*
- 15.39%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
VNAM Monthly Returns History
Based on dividend-adjusted daily data since Dec 9, 2021, VNAM's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 53% of months were positive and 47% were negative. The best month was Jul 2025 with a return of +14.2%, while the worst month was Oct 2022 at -14.9%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 4 months.
On a daily basis, VNAM closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +13.3%, while the worst single day was Apr 3, 2025 at -9.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.89% | 2.87% | -10.96% | 13.67% | -1.42% | -0.71% | 0.99% | ||||||
| 2025 | 0.60% | 2.78% | 2.34% | -2.62% | 9.03% | 3.15% | 14.23% | 14.21% | -0.39% | -0.41% | 5.39% | 5.68% | 67.05% |
| 2024 | -1.32% | 6.30% | 2.70% | -10.66% | 3.16% | -3.51% | -0.35% | 3.28% | 1.59% | -5.05% | -1.50% | -1.57% | -7.78% |
| 2023 | 12.89% | -12.38% | 6.84% | -1.26% | 1.78% | 6.19% | 11.36% | 0.12% | -9.55% | -14.68% | 12.69% | 3.30% | 12.95% |
| 2022 | -4.50% | 0.53% | -2.99% | -9.59% | -6.58% | -9.49% | 0.96% | 5.40% | -13.39% | -14.86% | 5.04% | -4.83% | -44.16% |
| 2021 | 2.41% | 2.41% |
Benchmark Metrics
Global X MSCI Vietnam ETF has an annualized alpha of -1.98%, beta of 0.46, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since December 09, 2021.
- This ETF participated in 113.69% of S&P 500 Index downside but only 71.60% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.46 may look defensive, but with R2 of 0.10 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.10 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -1.98%
- Beta
- 0.46
- R²
- 0.10
- Upside Capture
- 71.60%
- Downside Capture
- 113.69%
Expense Ratio
VNAM has an expense ratio of 0.51%, placing it in the medium range.
Return for Risk
Risk / Return Rank
VNAM ranks 56 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Global X MSCI Vietnam ETF (VNAM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VNAM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.78 | +0.23 |
| Martin ratioReturn relative to average drawdown | 8.44 | 12.44 | -4.00 |
Dividends
Dividend History
Global X MSCI Vietnam ETF provided a 0.49% dividend yield over the last twelve months, with an annual payout of $0.12 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.12 | $0.15 | $0.08 | $0.15 | $0.03 |
Dividend yield | 0.49% | 0.50% | 1.00% | 0.49% | 1.04% | 0.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X MSCI Vietnam ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.12 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.08 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.15 |
| 2021 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Global X MSCI Vietnam ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X MSCI Vietnam ETF was 52.84%, occurring on Nov 15, 2022. Recovery took 869 trading sessions.
The current Global X MSCI Vietnam ETF drawdown is 5.86%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -52.84%Nov 2022 | 10mo 9d | 3y 5mo | 4y 3moJan 2022 - May 2026 |
2026 correction2026 | -10.53%Jun 2026 | 25d | — | 1mo 9dMay 2026 - now |
2026 pullback2026 | -2.45%May 2026 | 1d | 1d | 2dMay 2026 - May 2026 |
2021 pullback2021 | -1.58%Dec 2021 | 1d | 4d | 5dDec 2021 - Dec 2021 |
2026 pullback2026 | -1.34%May 2026 | 0s | 4d | 4dMay 2026 - May 2026 |
Drawdown Indicators
| VNAM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.84% | -56.78% | +3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -17.03% | -9.10% | -7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -18.90% | -12.44% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.86% | -1.80% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -30.28% | -10.71% | -19.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.08% | 2.03% | +4.05% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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