VNET vs. ASEA

Last updated Jul 17, 2026

VNET (21Vianet Group, Inc.) is a stock, while ASEA (Global X FTSE Southeast Asia ETF) is Asia Pacific Equities fund tracking the FTSE/ASEAN 40 Index. Over the past 10 years, VNET returned -2.22%/yr vs 7.67%/yr for ASEA. At a 0.27 correlation, their price movements are largely independent.

Performance

VNET vs. ASEA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Vianet Group, Inc. (VNET) and Global X FTSE Southeast Asia ETF (ASEA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNET achieves a -8.75% return, which is significantly lower than ASEA's 17.56% return. Over the past 10 years, VNET has underperformed ASEA with an annualized return of -2.22%, while ASEA has yielded a comparatively higher 7.67% annualized return.

VNET

• 1D: -2.03%
• 1M: -14.51%
• 6M: -32.81%
• YTD: -8.75%
• 1Y: -12.17%
• 3Y*: 41.76%
• 5Y*: -15.51%
• 10Y*: -2.22%

ASEA

• 1D: 0.86%
• 1M: 5.21%
• 6M: 13.64%
• YTD: 17.56%
• 1Y: 32.86%
• 3Y*: 16.21%
• 5Y*: 13.00%
• 10Y*: 7.67%

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

VNET vs. ASEA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VNET 21Vianet Group, Inc.	-8.75%	78.48%	65.16%	-49.38%	-37.21%	-73.97%	378.48%	-16.09%	8.27%	13.84%
ASEA Global X FTSE Southeast Asia ETF	17.56%	19.80%	9.82%	4.88%	5.24%	4.66%	-7.88%	8.34%	-7.58%	35.06%

Correlation

The correlation between VNET and ASEA is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Apr 21, 2011	0.27

Return for Risk

VNET vs. ASEA — Risk / Return Rank

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

VNET

VNET Risk / Return Rank: 38
VNET Sharpe Ratio Rank: 38
VNET Sortino Ratio Rank: 41
VNET Omega Ratio Rank: 40
VNET Calmar Ratio Rank: 36
VNET Martin Ratio Rank: 36

ASEA

ASEA Risk / Return Rank: 84
ASEA Sharpe Ratio Rank: 87
ASEA Sortino Ratio Rank: 88
ASEA Omega Ratio Rank: 84
ASEA Calmar Ratio Rank: 87
ASEA Martin Ratio Rank: 73

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.

VNET vs. ASEA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Vianet Group, Inc. (VNET) and Global X FTSE Southeast Asia ETF (ASEA). 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.

	VNET	ASEA	Difference
Sharpe ratio: Return per unit of total volatility	-0.16	2.28	-2.44
Sortino ratio: Return per unit of downside risk	0.33	3.24	-2.91
Omega ratio: Gain probability vs. loss probability	1.04	1.40	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.26	3.99	-4.25
Martin ratio: Return relative to average drawdown	-0.49	10.55	-11.04

VNET vs. ASEA - Sharpe Ratio Comparison

The current VNET Sharpe Ratio is -0.16, which is lower than the ASEA Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of VNET and ASEA, 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

VNET vs. ASEA - Drawdown Comparison

The maximum VNET drawdown since its inception was -96.67%, which is greater than ASEA's maximum drawdown of -44.16%. Use the drawdown chart below to compare losses from any high point for VNET and ASEA.

Drawdown Indicators

	VNET	ASEA	Difference
Max Drawdown Largest peak-to-trough decline	-96.67%	-44.16%	-52.51%
Max Drawdown (1Y) Largest decline over 1 year	-46.47%	-8.28%	-38.19%
Max Drawdown (3Y) Largest decline over 3 years	-67.71%	-22.20%	-45.51%
Max Drawdown (5Y) Largest decline over 5 years	-93.61%	-22.20%	-71.41%
Max Drawdown (10Y) Largest decline over 10 years	-96.67%	-44.16%	-52.51%
Current Drawdown Current decline from peak	-81.88%	0.00%	-81.88%
Average Drawdown Average peak-to-trough decline	-61.58%	-10.59%	-50.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.90%	3.12%	+21.78%

Volatility

VNET vs. ASEA - Volatility Comparison

21Vianet Group, Inc. (VNET) has a higher volatility of 21.00% compared to Global X FTSE Southeast Asia ETF (ASEA) at 3.60%. This indicates that VNET's price experiences larger fluctuations and is considered to be riskier than ASEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNET	ASEA	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.00%	3.60%	+17.40%
Volatility (6M) Calculated over the trailing 6-month period	56.36%	11.62%	+44.74%
Volatility (1Y) Calculated over the trailing 1-year period	77.35%	14.49%	+62.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.01%	14.73%	+81.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.49%	17.48%	+64.01%

Dividends

VNET vs. ASEA - Dividend Comparison

VNET has not paid dividends to shareholders, while ASEA's dividend yield for the trailing twelve months is around 3.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASEA Global X FTSE Southeast Asia ETF	3.68%	3.95%	3.61%	3.76%	2.23%	4.19%	2.27%	2.51%	3.08%	1.59%	2.78%	3.64%
VNET 21Vianet Group, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VNET and ASEA in my portfolio?

VNET and ASEA have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNET or ASEA?

VNET has higher volatility (21.00%) compared to ASEA (3.60%). In terms of maximum drawdown, VNET dropped -96.67% vs ASEA's -44.16%.

Which has better risk-adjusted returns?

ASEA currently has the higher Sharpe Ratio (2.28 vs -0.16), 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.