VNAM vs. GEME

Last updated Aug 4, 2026

VNAM (Global X MSCI Vietnam ETF) and GEME (Pacific North of South Global Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds. VNAM is passively managed, while GEME is actively managed. Over the past year, VNAM returned 21.90% vs 61.53% for GEME. Their 0.18 correlation means their historical movements had little consistent relationship. VNAM charges 0.51%/yr vs 0.75%/yr for GEME.

Performance

VNAM vs. GEME - Performance Comparison

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

Returns By Period

In the year-to-date period, VNAM achieves a -4.11% return, which is significantly lower than GEME's 30.26% return.

VNAM

• 1D: 1.90%
• 1M: -4.51%
• 6M: -1.40%
• YTD: -4.11%
• 1Y: 21.90%
• 3Y*: 10.02%
• 5Y*: —
• 10Y*: —
• ALL TIME*: -1.00%

GEME

• 1D: 0.43%
• 1M: -0.52%
• 6M: 17.23%
• YTD: 30.26%
• 1Y: 61.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 46.50%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GEME Pacific North of South Global Emerging Markets Equity Active ETF	$7.17M	$4.51M	$3.42M
VNAM Global X MSCI Vietnam ETF	$333.97K	$254.89K	$282.03K

VNAM vs. GEME - Yearly Performance Comparison

	2026 (YTD)	2025
VNAM Global X MSCI Vietnam ETF	-4.11%	68.60%
GEME Pacific North of South Global Emerging Markets Equity Active ETF	30.26%	37.43%

Correlation

The correlation between VNAM and GEME is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.13
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	0.18

Return for Risk

VNAM vs. GEME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VNAM

VNAM Risk / Return Rank: 33
VNAM Sharpe Ratio Rank: 32
VNAM Sortino Ratio Rank: 34
VNAM Omega Ratio Rank: 32
VNAM Calmar Ratio Rank: 36
VNAM Martin Ratio Rank: 32

GEME

GEME Risk / Return Rank: 90
GEME Sharpe Ratio Rank: 93
GEME Sortino Ratio Rank: 87
GEME Omega Ratio Rank: 90
GEME Calmar Ratio Rank: 93
GEME Martin Ratio Rank: 88

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VNAM vs. GEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Vietnam ETF (VNAM) and Pacific North of South Global Emerging Markets Equity Active ETF (GEME). 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	GEME	Difference
Sharpe ratio: Return per unit of total volatility	0.81	2.56	-1.75
Sortino ratio: Return per unit of downside risk	1.32	3.09	-1.77
Omega ratio: Gain probability vs. loss probability	1.15	1.44	-0.29
Calmar ratio: Return relative to maximum drawdown	1.28	4.60	-3.31
Martin ratio: Return relative to average drawdown	3.09	14.11	-11.02

VNAM vs. GEME - Sharpe Ratio Comparison

The current VNAM Sharpe Ratio is 0.81, which is lower than the GEME Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of VNAM and GEME, 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. GEME - Drawdown Comparison

The maximum VNAM drawdown since its inception was -52.84%, which is greater than GEME's maximum drawdown of -16.86%. Use the drawdown chart below to compare losses from any high point for VNAM and GEME.

Drawdown Indicators

	VNAM	GEME	Difference
Max Drawdown Largest peak-to-trough decline	-52.84%	-16.86%	-35.98%
Max Drawdown (1Y) Largest decline over 1 year	-17.17%	-13.46%	-3.71%
Max Drawdown (3Y) Largest decline over 3 years	-31.34%	—	—
Current Drawdown Current decline from peak	-10.61%	-7.12%	-3.49%
Average Drawdown Average peak-to-trough decline	-29.78%	-2.73%	-27.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.10%	4.37%	+2.73%

Volatility

VNAM vs. GEME - Volatility Comparison

Global X MSCI Vietnam ETF (VNAM) has a higher volatility of 8.41% compared to Pacific North of South Global Emerging Markets Equity Active ETF (GEME) at 7.57%. This indicates that VNAM's price experiences larger fluctuations and is considered to be riskier than GEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNAM	GEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.41%	7.57%	+0.84%
Volatility (6M) Calculated over the trailing 6-month period	19.86%	21.31%	-1.45%
Volatility (1Y) Calculated over the trailing 1-year period	27.15%	24.16%	+2.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.57%	24.06%	+1.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.57%	24.06%	+1.51%

VNAM vs. GEME - Expense Ratio Comparison

VNAM has a 0.51% expense ratio, which is lower than GEME's 0.75% expense ratio.

Dividends

VNAM vs. GEME - Dividend Comparison

VNAM's dividend yield for the trailing twelve months is around 0.51%, less than GEME's 5.38% yield.

Position	TTM	2025	2024	2023	2022	2021
GEME Pacific North of South Global Emerging Markets Equity Active ETF	5.38%	7.01%	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 GEME in my portfolio?

VNAM and GEME have a correlation of 0.13, 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 GEME?

VNAM has higher volatility (8.41%) compared to GEME (7.57%). In terms of maximum drawdown, VNAM dropped -52.84% vs GEME's -16.86%.

Which ETF is better, VNAM or GEME?

On 1-year performance, GEME leads with 61.53% vs 21.90% for VNAM. On fees, VNAM is cheaper at 0.51% per year. On volatility, GEME has been the lower-risk option at 7.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VNAM or GEME?

Over the 1-year period, GEME has performed better with a 61.53% return vs 21.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VNAM or GEME?

VNAM is cheaper with a 0.51% expense ratio, compared with 0.75% for GEME.

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

GEME has the higher dividend yield at 5.38%, compared with 0.51% for VNAM.

What is the main difference between VNAM and GEME?

They also come from different issuers: Global X and Pacific AM. Their fees differ too: 0.51% for VNAM and 0.75% for GEME.

Which has better risk-adjusted returns?

GEME currently has the higher Sharpe Ratio (2.56 vs 0.81), 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.