VNM vs. VXUS

Last updated Jun 24, 2026

VNM (VanEck Vectors Vietnam ETF) and VXUS (Vanguard Total International Stock ETF) are both exchange-traded funds - VNM is a Asia Pacific Equities fund tracking the MVIS Vietnam Index, while VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US Index. Both are passively managed. Over the past 10 years, VNM returned 3.81%/yr vs 10.23%/yr for VXUS. At a 0.46 correlation, their price movements are largely independent. VNM charges 0.68%/yr vs 0.05%/yr for VXUS.

Performance

VNM vs. VXUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Vietnam ETF (VNM) and Vanguard Total International Stock ETF (VXUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNM achieves a -4.66% return, which is significantly lower than VXUS's 12.51% return. Over the past 10 years, VNM has underperformed VXUS with an annualized return of 3.81%, while VXUS has yielded a comparatively higher 10.23% annualized return.

VNM

• 1D: -2.47%
• 1M: -2.99%
• YTD: -4.66%
• 6M: -4.66%
• 1Y: 36.03%
• 3Y*: 12.37%
• 5Y*: -0.63%
• 10Y*: 3.81%

VXUS

• 1D: -3.04%
• 1M: 0.39%
• YTD: 12.51%
• 6M: 12.35%
• 1Y: 29.41%
• 3Y*: 18.90%
• 5Y*: 8.35%
• 10Y*: 10.23%

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

VNM vs. VXUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VNM VanEck Vectors Vietnam ETF	-4.66%	66.55%	-11.15%	15.01%	-43.74%	22.05%	9.84%	9.24%	-16.83%	38.80%
VXUS Vanguard Total International Stock ETF	12.51%	32.35%	5.08%	15.86%	-16.08%	8.98%	10.66%	21.75%	-14.43%	27.46%

Correlation

The correlation between VNM and VXUS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jan 28, 2011	0.46

The correlation between VNM and VXUS shifts across timeframes, from 0.29 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

VNM vs. VXUS - Sectors Allocation Comparison

Sectors	VNM	VXUS
Real Estate	31.5%	2.4%
Financial Services	28.1%	21.7%
Industrials	14.9%	15.6%
Consumer Defensive	13.9%	4.8%
Basic Materials	7.5%	7.6%
Technology	1.7%	21.0%
Energy	1.2%	4.7%
Utilities	1.1%	3.0%
Communication Services	-	4.4%
Consumer Cyclical	-	8.2%
Healthcare	-	6.8%

Return for Risk

VNM vs. VXUS — Risk / Return Rank

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

VNM

VNM Risk / Return Rank: 39
VNM Sharpe Ratio Rank: 40
VNM Sortino Ratio Rank: 40
VNM Omega Ratio Rank: 36
VNM Calmar Ratio Rank: 44
VNM Martin Ratio Rank: 36

VXUS

VXUS Risk / Return Rank: 55
VXUS Sharpe Ratio Rank: 55
VXUS Sortino Ratio Rank: 52
VXUS Omega Ratio Rank: 56
VXUS Calmar Ratio Rank: 55
VXUS Martin Ratio Rank: 59

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. VXUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Vietnam ETF (VNM) and Vanguard Total International Stock ETF (VXUS). 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.

	VNM	VXUS	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.81	-0.46
Sortino ratio: Return per unit of downside risk	1.96	2.46	-0.50
Omega ratio: Gain probability vs. loss probability	1.23	1.34	-0.10
Calmar ratio: Return relative to maximum drawdown	2.12	2.62	-0.50
Martin ratio: Return relative to average drawdown	5.20	10.07	-4.87

VNM vs. VXUS - Sharpe Ratio Comparison

The current VNM Sharpe Ratio is 1.35, which is comparable to the VXUS Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of VNM and VXUS, 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

VNM vs. VXUS - Drawdown Comparison

The maximum VNM drawdown since its inception was -63.19%, which is greater than VXUS's maximum drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for VNM and VXUS.

Drawdown Indicators

	VNM	VXUS	Difference
Max Drawdown Largest peak-to-trough decline	-63.19%	-35.97%	-27.22%
Max Drawdown (1Y) Largest decline over 1 year	-17.07%	-11.27%	-5.80%
Max Drawdown (3Y) Largest decline over 3 years	-31.60%	-13.58%	-18.02%
Max Drawdown (5Y) Largest decline over 5 years	-49.95%	-29.44%	-20.51%
Max Drawdown (10Y) Largest decline over 10 years	-51.67%	-35.97%	-15.70%
Current Drawdown Current decline from peak	-25.75%	-3.04%	-22.71%
Average Drawdown Average peak-to-trough decline	-37.79%	-8.20%	-29.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.94%	2.93%	+4.01%

Volatility

VNM vs. VXUS - Volatility Comparison

The current volatility for VanEck Vectors Vietnam ETF (VNM) is 6.18%, while Vanguard Total International Stock ETF (VXUS) has a volatility of 7.07%. This indicates that VNM experiences smaller price fluctuations and is considered to be less risky than VXUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VNM	VXUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	7.07%	-0.89%
Volatility (6M) Calculated over the trailing 6-month period	18.26%	14.44%	+3.82%
Volatility (1Y) Calculated over the trailing 1-year period	26.90%	16.36%	+10.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.35%	16.27%	+8.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.46%	17.03%	+6.43%

VNM vs. VXUS - Expense Ratio Comparison

VNM has a 0.68% expense ratio, which is higher than VXUS's 0.05% expense ratio.

Dividends

VNM vs. VXUS - Dividend Comparison

VNM's dividend yield for the trailing twelve months is around 0.21%, less than VXUS's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
VXUS Vanguard Total International Stock ETF	2.59%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

Frequently Asked Questions

Can I hold both VNM and VXUS in my portfolio?

VNM and VXUS have a correlation of 0.29, 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 VXUS?

VXUS has higher volatility (7.07%) compared to VNM (6.18%). In terms of maximum drawdown, VNM dropped -63.19% vs VXUS's -35.97%.

Which ETF is better, VNM or VXUS?

On 10-year performance, VXUS leads with 10.23% vs 3.81% for VNM. On fees, VXUS is cheaper at 0.05% per year. On volatility, VNM has been the lower-risk option at 6.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VNM or VXUS?

Over the 10-year period, VXUS has performed better with a 10.23% return vs 3.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VNM or VXUS?

VXUS is cheaper with a 0.05% expense ratio, compared with 0.68% for VNM.

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

VXUS has the higher dividend yield at 2.59%, compared with 0.21% for VNM.

What is the main difference between VNM and VXUS?

VNM is categorized as Asia Pacific Equities, while VXUS is Global Equities. VNM tracks MVIS Vietnam Index, while VXUS tracks FTSE Global All Cap ex US Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.68% for VNM and 0.05% for VXUS.

Which has better risk-adjusted returns?

VXUS currently has the higher Sharpe Ratio (1.81 vs 1.35), 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.