VNM vs. SPY
Compare and contrast key facts about VanEck Vectors Vietnam ETF (VNM) and SPDR S&P 500 ETF (SPY).
VNM and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VNM is a passively managed fund by VanEck that tracks the performance of the MVIS Vietnam Index. It was launched on Aug 11, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both VNM and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNM or SPY.
Key characteristics
| VNM | SPY | |
|---|---|---|
| YTD Return | -2.40% | 11.30% |
| 1Y Return | 3.75% | 26.83% |
| 3Y Return (Ann) | -11.89% | 9.53% |
| 5Y Return (Ann) | -3.37% | 15.75% |
| 10Y Return (Ann) | -2.93% | 12.61% |
| Sharpe Ratio | 0.28 | 2.47 |
| Daily Std Dev | 24.55% | 11.37% |
| Max Drawdown | -63.27% | -55.19% |
| Current Drawdown | -48.74% | -0.75% |
Correlation
The correlation between VNM and SPY is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
VNM vs. SPY - Performance Comparison
In the year-to-date period, VNM achieves a -2.40% return, which is significantly lower than SPY's 11.30% return. Over the past 10 years, VNM has underperformed SPY with an annualized return of -2.93%, while SPY has yielded a comparatively higher 12.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VNM vs. SPY - Expense Ratio Comparison
VNM has a 0.68% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
VNM vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Vietnam ETF (VNM) and SPDR S&P 500 ETF (SPY). 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.
Dividends
VNM vs. SPY - Dividend Comparison
VNM's dividend yield for the trailing twelve months is around 5.34%, more than SPY's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNM VanEck Vectors Vietnam ETF | 5.34% | 5.21% | 0.96% | 0.49% | 0.40% | 0.76% | 0.83% | 0.99% | 2.43% | 3.68% | 2.65% | 3.18% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
VNM vs. SPY - Drawdown Comparison
The maximum VNM drawdown since its inception was -63.27%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for VNM and SPY. For additional features, visit the drawdowns tool.
Volatility
VNM vs. SPY - Volatility Comparison
VanEck Vectors Vietnam ETF (VNM) has a higher volatility of 4.76% compared to SPDR S&P 500 ETF (SPY) at 2.74%. This indicates that VNM's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.