VNM vs. EVLU
VNM (VanEck Vectors Vietnam ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both exchange-traded funds - VNM is a Asia Pacific Equities fund tracking the MVIS Vietnam Index, while EVLU is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, VNM returned 29.35% vs 72.04% for EVLU. At a 0.20 correlation, their price movements are largely independent. VNM charges 0.68%/yr vs 0.35%/yr for EVLU.
Performance
VNM vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, VNM achieves a -5.56% return, which is significantly lower than EVLU's 34.01% return.
VNM
- 1D
- -0.61%
- 1M
- -4.00%
- YTD
- -5.56%
- 6M
- -3.39%
- 1Y
- 29.35%
- 3Y*
- 13.96%
- 5Y*
- -0.84%
- 10Y*
- 3.30%
EVLU
- 1D
- -2.27%
- 1M
- 15.31%
- YTD
- 34.01%
- 6M
- 37.37%
- 1Y
- 72.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VNM vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
VNM VanEck Vectors Vietnam ETF | -5.56% | 66.55% | -8.67% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 34.01% | 38.54% | 1.61% |
Correlation
The correlation between VNM and EVLU is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024 | 0.20 |
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Return for Risk
VNM vs. EVLU — Risk / Return Rank
VNM
EVLU
VNM vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Vietnam ETF (VNM) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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.
| VNM | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.06 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.67 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 5.61 | -3.89 |
| Martin ratioReturn relative to average drawdown | 4.39 | 20.79 | -16.39 |
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
| VNM | EVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 3.80 | -2.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 2.23 | -2.26 |
Drawdowns
VNM vs. EVLU - Drawdown Comparison
The maximum VNM drawdown since its inception was -63.19%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for VNM and EVLU.
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Drawdown Indicators
| VNM | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.19% | -17.17% | -46.02% |
Max Drawdown (1Y)Largest decline over 1 year | -17.07% | -12.90% | -4.17% |
Max Drawdown (3Y)Largest decline over 3 years | -31.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -49.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.67% | — | — |
Current DrawdownCurrent decline from peak | -26.45% | -2.27% | -24.18% |
Average DrawdownAverage peak-to-trough decline | -37.83% | -3.48% | -34.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.72% | 3.48% | +3.24% |
Volatility
VNM vs. EVLU - Volatility Comparison
The current volatility for VanEck Vectors Vietnam ETF (VNM) is 5.52%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 9.17%. This indicates that VNM experiences smaller price fluctuations and is considered to be less risky than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNM | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 9.17% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 18.51% | 16.23% | +2.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.79% | 19.04% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.26% | 19.93% | +4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.46% | 19.93% | +3.53% |
VNM vs. EVLU - Expense Ratio Comparison
VNM has a 0.68% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
VNM vs. EVLU - Dividend Comparison
VNM's dividend yield for the trailing twelve months is around 0.21%, less than EVLU's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.88% | 5.20% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VNM VanEck Vectors Vietnam ETF | 0.21% | 0.20% | 0.00% | 5.21% | 0.96% | 0.49% | 0.40% | 0.76% | 0.83% | 1.14% | 2.44% | 3.69% |
Frequently Asked Questions
VNM and EVLU have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVLU has higher volatility (9.17%) compared to VNM (5.52%). In terms of maximum drawdown, VNM dropped -63.19% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 72.04% vs 29.35% for VNM. On fees, EVLU is cheaper at 0.35% per year. On volatility, VNM has been the lower-risk option at 5.52%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 72.04% return vs 29.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLU is cheaper with a 0.35% expense ratio, compared with 0.68% for VNM.
EVLU has the higher dividend yield at 3.88%, compared with 0.21% for VNM.
VNM is categorized as Asia Pacific Equities, while EVLU is Emerging Markets Equities. VNM tracks MVIS Vietnam Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). They also come from different issuers: VanEck and iShares. Their fees differ too: 0.68% for VNM and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (3.80 vs 1.10), 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.
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