EIDO vs. VNAM

Last updated Jun 24, 2026

EIDO (iShares MSCI Indonesia ETF) and VNAM (Global X MSCI Vietnam ETF) are both exchange-traded funds - EIDO is a Asia Pacific Equities fund tracking the MSCI Indonesia Investable Market Index, while VNAM is a Emerging Markets Equities fund tracking the MSCI Vietnam Select 25/50 Index. Both are passively managed. Over the past 3 years, EIDO returned -15.88%/yr vs 15.09%/yr for VNAM. At a 0.19 correlation, their price movements are largely independent. EIDO charges 0.59%/yr vs 0.51%/yr for VNAM.

Performance

EIDO vs. VNAM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Indonesia ETF (EIDO) and Global X MSCI Vietnam ETF (VNAM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EIDO achieves a -33.53% return, which is significantly lower than VNAM's 0.20% return.

EIDO

• 1D: 0.41%
• 1M: -5.05%
• YTD: -33.53%
• 6M: -32.96%
• 1Y: -25.70%
• 3Y*: -15.88%
• 5Y*: -7.01%
• 10Y*: -3.60%

VNAM

• 1D: -0.79%
• 1M: -2.33%
• YTD: 0.20%
• 6M: -0.72%
• 1Y: 49.37%
• 3Y*: 15.09%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EIDO vs. VNAM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
EIDO iShares MSCI Indonesia ETF	-33.53%	4.90%	-13.02%	2.56%	-0.16%	-2.15%
VNAM Global X MSCI Vietnam ETF	0.20%	67.05%	-7.78%	12.95%	-44.16%	2.41%

Correlation

The correlation between EIDO and VNAM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021	0.19

EIDO vs. VNAM - Sectors Allocation Comparison

Sectors	EIDO	VNAM
Financial Services	42.5%	26.2%
Basic Materials	12.8%	8.6%
Communication Services	10.2%	-
Energy	9.2%	2.0%
Consumer Defensive	7.9%	5.9%
Industrials	5.2%	12.8%
Technology	3.9%	4.6%
Real Estate	2.4%	38.3%
Consumer Cyclical	2.1%	0.8%
Utilities	2.0%	0.8%
Healthcare	1.8%	-

Return for Risk

EIDO vs. VNAM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EIDO

EIDO Risk / Return Rank: 2
EIDO Sharpe Ratio Rank: 1
EIDO Sortino Ratio Rank: 2
EIDO Omega Ratio Rank: 1
EIDO Calmar Ratio Rank: 4
EIDO Martin Ratio Rank: 0

VNAM

VNAM Risk / Return Rank: 56
VNAM Sharpe Ratio Rank: 59
VNAM Sortino Ratio Rank: 56
VNAM Omega Ratio Rank: 52
VNAM Calmar Ratio Rank: 63
VNAM Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EIDO vs. VNAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Indonesia ETF (EIDO) and Global X MSCI Vietnam ETF (VNAM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	EIDO	VNAM	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	1.83	-2.84
Sortino ratio: Return per unit of downside risk	-1.38	2.48	-3.86
Omega ratio: Gain probability vs. loss probability	0.82	1.31	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.59	2.91	-3.50
Martin ratio: Return relative to average drawdown	-1.77	8.12	-9.90

EIDO vs. VNAM - Sharpe Ratio Comparison

The current EIDO Sharpe Ratio is -1.01, which is lower than the VNAM Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of EIDO and VNAM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EIDO vs. VNAM - Drawdown Comparison

The maximum EIDO drawdown since its inception was -63.21%, which is greater than VNAM's maximum drawdown of -52.84%. Use the drawdown chart below to compare losses from any high point for EIDO and VNAM.

Drawdown Indicators

	EIDO	VNAM	Difference
Max Drawdown Largest peak-to-trough decline	-63.21%	-52.84%	-10.37%
Max Drawdown (1Y) Largest decline over 1 year	-43.81%	-17.03%	-26.78%
Max Drawdown (3Y) Largest decline over 3 years	-51.77%	-31.34%	-20.43%
Max Drawdown (5Y) Largest decline over 5 years	-51.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.41%	—	—
Current Drawdown Current decline from peak	-54.63%	-6.60%	-48.03%
Average Drawdown Average peak-to-trough decline	-24.72%	-30.26%	+5.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.51%	6.09%	+8.42%

Volatility

EIDO vs. VNAM - Volatility Comparison

iShares MSCI Indonesia ETF (EIDO) has a higher volatility of 14.34% compared to Global X MSCI Vietnam ETF (VNAM) at 6.03%. This indicates that EIDO's price experiences larger fluctuations and is considered to be riskier than VNAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EIDO	VNAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.34%	6.03%	+8.31%
Volatility (6M) Calculated over the trailing 6-month period	22.25%	19.72%	+2.53%
Volatility (1Y) Calculated over the trailing 1-year period	25.45%	27.11%	-1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.51%	25.56%	-5.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.98%	25.56%	-0.58%

EIDO vs. VNAM - Expense Ratio Comparison

EIDO has a 0.59% expense ratio, which is higher than VNAM's 0.51% expense ratio.

Dividends

EIDO vs. VNAM - Dividend Comparison

EIDO's dividend yield for the trailing twelve months is around 3.35%, more than VNAM's 0.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EIDO iShares MSCI Indonesia ETF	3.35%	3.56%	5.20%	2.94%	2.53%	1.33%	1.51%	1.78%	1.99%	1.26%	1.16%	1.67%
VNAM Global X MSCI Vietnam ETF	0.49%	0.50%	1.00%	0.49%	1.04%	0.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EIDO and VNAM in my portfolio?

EIDO and VNAM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIDO or VNAM?

EIDO has higher volatility (14.34%) compared to VNAM (6.03%). In terms of maximum drawdown, EIDO dropped -63.21% vs VNAM's -52.84%.

Which ETF is better, EIDO or VNAM?

On 3-year performance, VNAM leads with 15.09% vs -15.88% for EIDO. On fees, VNAM is cheaper at 0.51% per year. On volatility, VNAM has been the lower-risk option at 6.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIDO or VNAM?

Over the 3-year period, VNAM has performed better with a 15.09% return vs -15.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIDO or VNAM?

VNAM is cheaper with a 0.51% expense ratio, compared with 0.59% for EIDO.

Which ETF pays a higher dividend yield, EIDO or VNAM?

EIDO has the higher dividend yield at 3.35%, compared with 0.49% for VNAM.

What is the main difference between EIDO and VNAM?

EIDO is categorized as Asia Pacific Equities, while VNAM is Emerging Markets Equities. EIDO tracks MSCI Indonesia Investable Market Index, while VNAM tracks MSCI Vietnam Select 25/50 Index. They also come from different issuers: iShares and Global X. Their fees differ too: 0.59% for EIDO and 0.51% for VNAM.

Which has better risk-adjusted returns?

VNAM currently has the higher Sharpe Ratio (1.83 vs -1.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.