VNAM vs. EIDO

Last updated Jun 24, 2026

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

Performance

VNAM vs. EIDO - Performance Comparison

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

Returns By Period

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

VNAM

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

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%

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

VNAM vs. EIDO - Yearly Performance Comparison

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

Correlation

The correlation between VNAM and EIDO 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

VNAM vs. EIDO - Sectors Allocation Comparison

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

Return for Risk

VNAM vs. EIDO — Risk / Return Rank

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

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

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

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.

VNAM vs. EIDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Vietnam ETF (VNAM) and iShares MSCI Indonesia ETF (EIDO). 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.

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

VNAM vs. EIDO - Sharpe Ratio Comparison

The current VNAM Sharpe Ratio is 1.83, which is higher than the EIDO Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of VNAM and EIDO, 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

VNAM vs. EIDO - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

VNAM vs. EIDO - Volatility Comparison

The current volatility for Global X MSCI Vietnam ETF (VNAM) is 6.03%, while iShares MSCI Indonesia ETF (EIDO) has a volatility of 14.34%. This indicates that VNAM experiences smaller price fluctuations and is considered to be less risky than EIDO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

VNAM vs. EIDO - Expense Ratio Comparison

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

Dividends

VNAM vs. EIDO - Dividend Comparison

VNAM's dividend yield for the trailing twelve months is around 0.49%, less than EIDO's 3.35% 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 VNAM and EIDO in my portfolio?

VNAM and EIDO 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, VNAM or EIDO?

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

Which ETF is better, VNAM or EIDO?

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, VNAM or EIDO?

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, VNAM or EIDO?

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

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

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

What is the main difference between VNAM and EIDO?

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

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.