VNM vs. FLAU

Last updated Jun 5, 2026

VNM (VanEck Vectors Vietnam ETF) and FLAU (Franklin FTSE Australia ETF) are both Asia Pacific Equities funds - VNM tracks the MVIS Vietnam Index while FLAU tracks the FTSE Australia RIC Capped Index. Both are passively managed. Over the past 5 years, VNM returned -0.58%/yr vs 5.94%/yr for FLAU. At a 0.34 correlation, their price movements are largely independent. VNM charges 0.68%/yr vs 0.09%/yr for FLAU.

Performance

VNM vs. FLAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Vietnam ETF (VNM) and Franklin FTSE Australia ETF (FLAU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNM achieves a -4.35% return, which is significantly lower than FLAU's 10.26% return.

VNM

• 1D: 1.28%
• 1M: -4.53%
• YTD: -4.35%
• 6M: -1.63%
• 1Y: 31.95%
• 3Y*: 14.53%
• 5Y*: -0.58%
• 10Y*: 3.47%

FLAU

• 1D: -0.20%
• 1M: -0.14%
• YTD: 10.26%
• 6M: 11.87%
• 1Y: 15.17%
• 3Y*: 13.13%
• 5Y*: 5.94%
• 10Y*: —

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

VNM vs. FLAU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VNM VanEck Vectors Vietnam ETF	-4.35%	66.55%	-11.15%	15.01%	-43.74%	22.05%	9.84%	9.24%	-16.83%	12.14%
FLAU Franklin FTSE Australia ETF	10.26%	15.95%	1.81%	12.58%	-5.58%	9.90%	11.00%	23.38%	-10.17%	1.89%

Correlation

The correlation between VNM and FLAU is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since Nov 7, 2017	0.34

VNM vs. FLAU - Sectors Allocation Comparison

Sectors	VNM	FLAU
Real Estate	31.4%	6.4%
Financial Services	27.5%	36.0%
Industrials	14.9%	6.4%
Consumer Defensive	14.4%	3.7%
Basic Materials	7.9%	26.2%
Technology	1.7%	1.2%
Energy	1.2%	5.7%
Utilities	1.0%	0.8%
Communication Services	-	1.7%
Consumer Cyclical	-	6.6%
Healthcare	-	4.9%

Return for Risk

VNM vs. FLAU — Risk / Return Rank

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

VNM

VNM Risk / Return Rank: 34
VNM Sharpe Ratio Rank: 34
VNM Sortino Ratio Rank: 34
VNM Omega Ratio Rank: 32
VNM Calmar Ratio Rank: 39
VNM Martin Ratio Rank: 33

FLAU

FLAU Risk / Return Rank: 28
FLAU Sharpe Ratio Rank: 26
FLAU Sortino Ratio Rank: 26
FLAU Omega Ratio Rank: 25
FLAU Calmar Ratio Rank: 31
FLAU Martin Ratio Rank: 32

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.

VNM vs. FLAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Vietnam ETF (VNM) and Franklin FTSE Australia ETF (FLAU). 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	FLAU	Difference
Sharpe ratio: Return per unit of total volatility	1.20	0.92	+0.28
Sortino ratio: Return per unit of downside risk	1.77	1.36	+0.42
Omega ratio: Gain probability vs. loss probability	1.21	1.17	+0.05
Calmar ratio: Return relative to maximum drawdown	1.88	1.52	+0.36
Martin ratio: Return relative to average drawdown	4.79	4.69	+0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VNM vs. FLAU - Sharpe Ratio Comparison

The current VNM Sharpe Ratio is 1.20, which is higher than the FLAU Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of VNM and FLAU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VNM	FLAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	0.92	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.30	-0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.02	0.33	-0.35

Drawdowns

VNM vs. FLAU - Drawdown Comparison

The maximum VNM drawdown since its inception was -63.19%, which is greater than FLAU's maximum drawdown of -45.73%. Use the drawdown chart below to compare losses from any high point for VNM and FLAU.

Drawdown Indicators

	VNM	FLAU	Difference
Max Drawdown Largest peak-to-trough decline	-63.19%	-45.73%	-17.46%
Max Drawdown (1Y) Largest decline over 1 year	-17.07%	-10.01%	-7.06%
Max Drawdown (3Y) Largest decline over 3 years	-31.60%	-22.03%	-9.57%
Max Drawdown (5Y) Largest decline over 5 years	-49.95%	-24.68%	-25.27%
Max Drawdown (10Y) Largest decline over 10 years	-51.67%	—	—
Current Drawdown Current decline from peak	-25.51%	-3.30%	-22.21%
Average Drawdown Average peak-to-trough decline	-37.83%	-6.79%	-31.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.71%	3.24%	+3.47%

Volatility

VNM vs. FLAU - Volatility Comparison

VanEck Vectors Vietnam ETF (VNM) and Franklin FTSE Australia ETF (FLAU) have volatilities of 5.33% and 5.35%, 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.

Volatility by Period

	VNM	FLAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	5.35%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	18.49%	13.65%	+4.84%
Volatility (1Y) Calculated over the trailing 1-year period	26.80%	16.63%	+10.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.26%	19.60%	+4.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.46%	23.58%	-0.12%

VNM vs. FLAU - Expense Ratio Comparison

VNM has a 0.68% expense ratio, which is higher than FLAU's 0.09% expense ratio.

Dividends

VNM vs. FLAU - Dividend Comparison

VNM's dividend yield for the trailing twelve months is around 0.21%, less than FLAU's 2.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLAU Franklin FTSE Australia ETF	2.95%	3.25%	3.37%	3.62%	5.91%	5.14%	2.18%	4.37%	4.34%	0.18%	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

Can I hold both VNM and FLAU in my portfolio?

VNM and FLAU have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VNM or FLAU?

FLAU has higher volatility (5.35%) compared to VNM (5.33%). In terms of maximum drawdown, VNM dropped -63.19% vs FLAU's -45.73%.

Which ETF is better, VNM or FLAU?

On 5-year performance, FLAU leads with 5.94% vs -0.58% for VNM. On fees, FLAU is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VNM or FLAU?

Over the 5-year period, FLAU has performed better with a 5.94% return vs -0.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VNM or FLAU?

FLAU is cheaper with a 0.09% expense ratio, compared with 0.68% for VNM.

Which ETF pays a higher dividend yield, VNM or FLAU?

FLAU has the higher dividend yield at 2.95%, compared with 0.21% for VNM.

What is the main difference between VNM and FLAU?

VNM tracks MVIS Vietnam Index, while FLAU tracks FTSE Australia RIC Capped Index. They also come from different issuers: VanEck and Franklin Templeton. Their fees differ too: 0.68% for VNM and 0.09% for FLAU.

Which has better risk-adjusted returns?

VNM currently has the higher Sharpe Ratio (1.20 vs 0.92), 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.