FM vs. VNM
Compare and contrast key facts about iShares MSCI Frontier 100 ETF (FM) and VanEck Vectors Vietnam ETF (VNM).
FM and VNM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FM is a passively managed fund by iShares that tracks the performance of the MSCI Frontier Markets 100 Index. It was launched on Sep 12, 2012. VNM is a passively managed fund by VanEck that tracks the performance of the MVIS Vietnam Index. It was launched on Aug 11, 2009. Both FM and VNM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FM or VNM.
Key characteristics
| FM | VNM | |
|---|---|---|
| YTD Return | 3.69% | -5.73% |
| 1Y Return | 13.16% | 7.43% |
| 3Y Return (Ann) | -1.36% | -11.62% |
| 5Y Return (Ann) | 1.93% | -4.43% |
| 10Y Return (Ann) | 0.59% | -2.98% |
| Sharpe Ratio | 1.06 | 0.27 |
| Daily Std Dev | 12.28% | 24.34% |
| Max Drawdown | -41.63% | -63.27% |
| Current Drawdown | -19.83% | -50.49% |
Correlation
The correlation between FM and VNM is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FM vs. VNM - Performance Comparison
In the year-to-date period, FM achieves a 3.69% return, which is significantly higher than VNM's -5.73% return. Over the past 10 years, FM has outperformed VNM with an annualized return of 0.59%, while VNM has yielded a comparatively lower -2.98% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FM vs. VNM - Expense Ratio Comparison
FM has a 0.79% expense ratio, which is higher than VNM's 0.68% expense ratio.
Risk-Adjusted Performance
FM vs. VNM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Frontier 100 ETF (FM) and VanEck Vectors Vietnam ETF (VNM). 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.
Dividends
FM vs. VNM - Dividend Comparison
FM's dividend yield for the trailing twelve months is around 3.49%, less than VNM's 5.53% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FM iShares MSCI Frontier 100 ETF | 3.49% | 3.62% | 2.70% | 2.04% | 2.91% | 3.12% | 4.29% | 2.04% | 2.15% | 2.76% | 12.35% | 1.11% |
VNM VanEck Vectors Vietnam ETF | 5.53% | 5.21% | 0.96% | 0.49% | 0.40% | 0.76% | 0.83% | 0.99% | 2.43% | 3.68% | 2.65% | 3.18% |
Drawdowns
FM vs. VNM - Drawdown Comparison
The maximum FM drawdown since its inception was -41.63%, smaller than the maximum VNM drawdown of -63.27%. Use the drawdown chart below to compare losses from any high point for FM and VNM. For additional features, visit the drawdowns tool.
Volatility
FM vs. VNM - Volatility Comparison
The current volatility for iShares MSCI Frontier 100 ETF (FM) is 3.64%, while VanEck Vectors Vietnam ETF (VNM) has a volatility of 7.60%. This indicates that FM experiences smaller price fluctuations and is considered to be less risky than VNM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.