VNAM vs. EMCR
Compare and contrast key facts about Global X MSCI Vietnam ETF (VNAM) and Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR).
VNAM and EMCR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VNAM is a passively managed fund by Global X that tracks the performance of the MSCI Vietnam Select 25/50 Index. It was launched on Dec 7, 2021. EMCR is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive ISS Emerging Markets Carbon Reduction & Climate Improvers Index - Benchmark TR Net. It was launched on Dec 6, 2018. Both VNAM and EMCR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
VNAM vs. EMCR - Performance Comparison
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VNAM vs. EMCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VNAM Global X MSCI Vietnam ETF | -8.61% | 67.05% | -7.78% | 12.95% | -44.16% | 2.41% |
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF | 1.96% | 33.25% | 9.69% | 10.55% | -18.73% | -0.79% |
Returns By Period
In the year-to-date period, VNAM achieves a -8.61% return, which is significantly lower than EMCR's 1.96% return.
VNAM
- 1D
- 0.68%
- 1M
- -9.26%
- YTD
- -8.61%
- 6M
- 0.32%
- 1Y
- 44.32%
- 3Y*
- 14.60%
- 5Y*
- —
- 10Y*
- —
EMCR
- 1D
- 0.85%
- 1M
- -7.60%
- YTD
- 1.96%
- 6M
- 4.10%
- 1Y
- 30.72%
- 3Y*
- 16.19%
- 5Y*
- 5.98%
- 10Y*
- —
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VNAM vs. EMCR - Expense Ratio Comparison
VNAM has a 0.51% expense ratio, which is higher than EMCR's 0.15% expense ratio.
Return for Risk
VNAM vs. EMCR — Risk / Return Rank
VNAM
EMCR
VNAM vs. EMCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Vietnam ETF (VNAM) and Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR). 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.
| VNAM | EMCR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 1.48 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.87 | 2.06 | -0.18 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.30 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.26 | -0.06 |
Martin ratioReturn relative to average drawdown | 7.49 | 8.67 | -1.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VNAM | EMCR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 1.48 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.48 | -0.56 |
Correlation
The correlation between VNAM and EMCR is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
VNAM vs. EMCR - Dividend Comparison
VNAM's dividend yield for the trailing twelve months is around 0.54%, less than EMCR's 2.38% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VNAM Global X MSCI Vietnam ETF | 0.54% | 0.50% | 1.00% | 0.49% | 1.04% | 0.13% | 0.00% | 0.00% | 0.00% |
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF | 2.38% | 2.43% | 6.62% | 1.95% | 3.05% | 1.83% | 1.75% | 3.15% | 0.19% |
Drawdowns
VNAM vs. EMCR - Drawdown Comparison
The maximum VNAM drawdown since its inception was -52.84%, which is greater than EMCR's maximum drawdown of -34.28%. Use the drawdown chart below to compare losses from any high point for VNAM and EMCR.
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Drawdown Indicators
| VNAM | EMCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.84% | -34.28% | -18.56% |
Max Drawdown (1Y)Largest decline over 1 year | -20.11% | -13.84% | -6.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.28% | — |
Current DrawdownCurrent decline from peak | -13.71% | -10.23% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -31.56% | -9.49% | -22.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 3.61% | +2.30% |
Volatility
VNAM vs. EMCR - Volatility Comparison
Global X MSCI Vietnam ETF (VNAM) and Xtrackers Emerging Markets Carbon Reduction and Climate Improvers ETF (EMCR) have volatilities of 9.28% and 9.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNAM | EMCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.28% | 9.47% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 20.30% | 14.87% | +5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.59% | 20.89% | +11.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.51% | 18.81% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.51% | 19.68% | +5.83% |