VNAM vs. EMOP

Last updated Jun 4, 2026

VNAM (Global X MSCI Vietnam ETF) and EMOP (AB Emerging Markets Opportunities ETF) are both Emerging Markets Equities funds. VNAM is passively managed, while EMOP is actively managed. At a 0.12 correlation, their price movements are largely independent. VNAM charges 0.51%/yr vs 0.70%/yr for EMOP.

Performance

VNAM vs. EMOP - Performance Comparison

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

Returns By Period

In the year-to-date period, VNAM achieves a -2.39% return, which is significantly lower than EMOP's 32.56% return.

VNAM

• 1D: -0.41%
• 1M: -5.03%
• YTD: -2.39%
• 6M: 1.38%
• 1Y: 42.45%
• 3Y*: 16.20%
• 5Y*: —
• 10Y*: —

EMOP

• 1D: -0.72%
• 1M: 8.86%
• YTD: 32.56%
• 6M: 34.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

VNAM vs. EMOP - Yearly Performance Comparison

	2026 (YTD)	2025
VNAM Global X MSCI Vietnam ETF	-2.39%	49.52%
EMOP AB Emerging Markets Opportunities ETF	32.56%	16.69%

Correlation

The correlation between VNAM and EMOP is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.12

VNAM vs. EMOP - Sectors Allocation Comparison

Sectors	VNAM	EMOP
Real Estate	38.6%	2.3%
Financial Services	25.5%	24.0%
Industrials	12.8%	8.1%
Basic Materials	9.0%	7.0%
Consumer Defensive	5.9%	1.4%
Technology	4.7%	30.3%
Energy	1.9%	2.6%
Consumer Cyclical	0.9%	7.8%
Utilities	0.7%	2.8%
Communication Services	-	12.3%
Healthcare	-	1.6%

Return for Risk

VNAM vs. EMOP — Risk / Return Rank

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

VNAM

VNAM Risk / Return Rank: 46
VNAM Sharpe Ratio Rank: 46
VNAM Sortino Ratio Rank: 44
VNAM Omega Ratio Rank: 43
VNAM Calmar Ratio Rank: 51
VNAM Martin Ratio Rank: 45

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. EMOP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Vietnam ETF (VNAM) and AB Emerging Markets Opportunities ETF (EMOP). 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	EMOP	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.21	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.51	—	—
Martin ratio: Return relative to average drawdown	7.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	VNAM	EMOP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	2.93	-2.96

Drawdowns

VNAM vs. EMOP - Drawdown Comparison

The maximum VNAM drawdown since its inception was -52.84%, which is greater than EMOP's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for VNAM and EMOP.

Drawdown Indicators

	VNAM	EMOP	Difference
Max Drawdown Largest peak-to-trough decline	-52.84%	-12.88%	-39.96%
Max Drawdown (1Y) Largest decline over 1 year	-17.03%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	—	—
Current Drawdown Current decline from peak	-9.01%	-0.72%	-8.29%
Average Drawdown Average peak-to-trough decline	-30.54%	-1.90%	-28.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	—	—

Volatility

Volatility by Period

	VNAM	EMOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.85%	19.85%	+7.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.60%	19.85%	+5.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.60%	19.85%	+5.75%

VNAM vs. EMOP - Expense Ratio Comparison

VNAM has a 0.51% expense ratio, which is lower than EMOP's 0.70% expense ratio.

Dividends

VNAM vs. EMOP - Dividend Comparison

VNAM's dividend yield for the trailing twelve months is around 0.51%, less than EMOP's 0.82% yield.

Position	TTM	2025	2024	2023	2022	2021
EMOP AB Emerging Markets Opportunities ETF	0.82%	0.27%	0.00%	0.00%	0.00%	0.00%
VNAM Global X MSCI Vietnam ETF	0.51%	0.50%	1.00%	0.49%	1.04%	0.13%

Frequently Asked Questions

Can I hold both VNAM and EMOP in my portfolio?

VNAM and EMOP have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, VNAM or EMOP?

On fees, VNAM is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, VNAM or EMOP?

VNAM is cheaper with a 0.51% expense ratio, compared with 0.70% for EMOP.

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

EMOP has the higher dividend yield at 0.82%, compared with 0.51% for VNAM.

What is the main difference between VNAM and EMOP?

They also come from different issuers: Global X and AllianceBernstein. Their fees differ too: 0.51% for VNAM and 0.70% for EMOP.