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VNM vs. FLTW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VNM vs. FLTW

Last updated Aug 4, 2026
Documentation

VNM (VanEck Vectors Vietnam ETF) and FLTW (Franklin FTSE Taiwan ETF) are both exchange-traded funds - VNM is a Asia Pacific Equities fund tracking the MVIS Vietnam Index, while FLTW is a Taiwan Equities fund tracking the FTSE Taiwan RIC Capped Index. Both are passively managed. Over the past 5 years, VNM returned -1.14%/yr vs 18.74%/yr for FLTW. Their 0.36 correlation means their historical movements had little consistent relationship. VNM charges 0.68%/yr vs 0.19%/yr for FLTW.

Performance

VNM vs. FLTW - Performance Comparison

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

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Returns By Period

In the year-to-date period, VNM achieves a -8.28% return, which is significantly lower than FLTW's 55.54% return.

VNM

1D
3.06%
1M
-5.35%
6M
-6.77%
YTD
-8.28%
1Y
9.95%
3Y*
7.02%
5Y*
-1.14%
10Y*
3.26%
ALL TIME*
-0.96%

FLTW

1D
1.61%
1M
-6.62%
6M
42.26%
YTD
55.54%
1Y
81.51%
3Y*
38.34%
5Y*
18.74%
10Y*
—
ALL TIME*
18.65%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

FLTW

Franklin FTSE Taiwan ETF
$56.06M$60.11M$68.33M

VNM

VanEck Vectors Vietnam ETF
$13.14M$11.75M$11.73M

VNM vs. FLTW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VNM
VanEck Vectors Vietnam ETF		-8.28%66.55%-11.15%15.01%-43.74%22.05%9.84%9.24%-16.83%12.00%
FLTW
Franklin FTSE Taiwan ETF		55.54%32.00%16.68%30.05%-27.51%29.46%29.77%31.23%-9.32%-1.28%

Correlation

The correlation between VNM and FLTW is 0.22, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.22

Correlation (3Y)
Balances recent behavior with more history.

0.24

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.29

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2017

0.36

The correlation between VNM and FLTW shifts across timeframes, from 0.22 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.

VNM vs. FLTW - Sectors Allocation Comparison

Sectors
VNM
FLTW

Financial Services

32.7%
12.5%

Real Estate

24.8%

-

Industrials

14.3%
3.0%

Consumer Defensive

14.3%
0.7%

Basic Materials

7.0%
2.9%

Technology

2.5%
77.2%

Consumer Cyclical

2.2%
1.6%

Energy

1.4%
0.1%

Utilities

0.9%

-

Communication Services

-

1.3%

Healthcare

-

0.7%

Financial Services

VNM
32.7%
FLTW
12.5%

Real Estate

VNM
24.8%
FLTW

-

Industrials

VNM
14.3%
FLTW
3.0%

Consumer Defensive

VNM
14.3%
FLTW
0.7%

Basic Materials

VNM
7.0%
FLTW
2.9%

Technology

VNM
2.5%
FLTW
77.2%

Consumer Cyclical

VNM
2.2%
FLTW
1.6%

Energy

VNM
1.4%
FLTW
0.1%

Utilities

VNM
0.9%
FLTW

-

Communication Services

VNM

-

FLTW
1.3%

Healthcare

VNM

-

FLTW
0.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Vectors Vietnam ETF

Franklin FTSE Taiwan ETF

Often compared with VNM:
VNM vs. VOOVNM vs. INDAVNM vs. IDXVNM vs. SPYVNM vs. VNAMVNM vs. EMXCVNM vs. VXUS
Often compared with FLTW:
FLTW vs. EWTFLTW vs. VOOFLTW vs. EMMFFLTW vs. FLGRFLTW vs. FLKRFLTW vs. SCHDFLTW vs. TWN

Return for Risk

VNM vs. FLTW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
VNM
VNM Risk / Return Rank: 2020
Overall Rank
VNM Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
VNM Sortino Ratio Rank: 2121
Sortino Ratio Rank
VNM Omega Ratio Rank: 1919
Omega Ratio Rank
VNM Calmar Ratio Rank: 2121
Calmar Ratio Rank
VNM Martin Ratio Rank: 2020
Martin Ratio Rank
FLTW
FLTW Risk / Return Rank: 9090
Overall Rank
FLTW Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
FLTW Sortino Ratio Rank: 8787
Sortino Ratio Rank
FLTW Omega Ratio Rank: 8989
Omega Ratio Rank
FLTW Calmar Ratio Rank: 8989
Calmar Ratio Rank
FLTW Martin Ratio Rank: 9191
Martin Ratio Rank
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.

VNM vs. FLTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Vietnam ETF (VNM) and Franklin FTSE Taiwan ETF (FLTW). 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.

VNMFLTWDifference
Sharpe ratioReturn per unit of total volatility
0.37
2.56

-2.19

Sortino ratioReturn per unit of downside risk
0.74
2.98

-2.24

Omega ratioGain probability vs. loss probability

1.08

1.41

-0.33

Calmar ratioReturn relative to maximum drawdown

0.57

3.84

-3.27

Martin ratioReturn relative to average drawdown

1.25

15.64

-14.39

VNM vs. FLTW - Sharpe Ratio Comparison

The current VNM Sharpe Ratio is 0.37, which is lower than the FLTW Sharpe Ratio of 2.56. The chart below compares the historical Sharpe Ratios of VNM and FLTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

VNM vs. FLTW - Drawdown Comparison

The maximum VNM drawdown since its inception was -63.19%, which is greater than FLTW's maximum drawdown of -38.00%. Use the drawdown chart below to compare losses from any high point for VNM and FLTW.

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Drawdown Indicators

VNMFLTWDifference

Max Drawdown

Largest peak-to-trough decline

-63.19%

-38.00%

-25.19%

Max Drawdown (1Y)

Largest decline over 1 year

-17.47%

-21.34%

+3.87%

Max Drawdown (3Y)

Largest decline over 3 years

-31.60%

-26.45%

-5.15%

Max Drawdown (5Y)

Largest decline over 5 years

-49.95%

-38.00%

-11.95%

Max Drawdown (10Y)

Largest decline over 10 years

-51.67%

—

—

Current Drawdown

Current decline from peak

-28.57%

-13.45%

-15.12%

Average Drawdown

Average peak-to-trough decline

-37.73%

-8.43%

-29.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.98%

5.23%

+2.75%

Volatility

VNM vs. FLTW - Volatility Comparison

The current volatility for VanEck Vectors Vietnam ETF (VNM) is 8.83%, while Franklin FTSE Taiwan ETF (FLTW) has a volatility of 13.73%. This indicates that VNM experiences smaller price fluctuations and is considered to be less risky than FLTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

VNMFLTWDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.83%

13.73%

-4.90%

Volatility (6M)

Calculated over the trailing 6-month period

18.63%

28.64%

-10.01%

Volatility (1Y)

Calculated over the trailing 1-year period

26.88%

32.09%

-5.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.49%

24.06%

+0.43%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.53%

22.61%

+0.92%

VNM vs. FLTW - Expense Ratio Comparison

VNM has a 0.68% expense ratio, which is higher than FLTW's 0.19% expense ratio.

Dividends

VNM vs. FLTW - Dividend Comparison

VNM's dividend yield for the trailing twelve months is around 0.22%, less than FLTW's 1.74% yield.

PositionTTM20252024202320222021202020192018201720162015
FLTW
Franklin FTSE Taiwan ETF		1.74%2.51%1.89%2.85%3.16%2.31%2.14%3.00%1.06%0.00%0.00%0.00%
VNM
VanEck Vectors Vietnam ETF		0.22%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 FLTW have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLTW has higher volatility (13.73%) compared to VNM (8.83%). In terms of maximum drawdown, VNM dropped -63.19% vs FLTW's -38.00%.

On 5-year performance, FLTW leads with 18.74% vs -1.14% for VNM. On fees, FLTW is cheaper at 0.19% per year. On volatility, VNM has been the lower-risk option at 8.83%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, FLTW has performed better with a 18.74% return vs -1.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

FLTW is cheaper with a 0.19% expense ratio, compared with 0.68% for VNM.

FLTW has the higher dividend yield at 1.74%, compared with 0.22% for VNM.

VNM is categorized as Asia Pacific Equities, while FLTW is Taiwan Equities. VNM tracks MVIS Vietnam Index, while FLTW tracks FTSE Taiwan RIC Capped Index. They also come from different issuers: VanEck and Franklin Templeton. Their fees differ too: 0.68% for VNM and 0.19% for FLTW.

FLTW currently has the higher Sharpe Ratio (2.56 vs 0.37), 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.

Portfolio Optimizer

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