VNM vs GVIP

Comparison between VANECK VIETNAM ETF (VNM, ETF) and GOLDMAN SACHS HEDGE INDUSTRY VIP ETF (GVIP, ETF).

5-Year PerformanceGVIP has outperformed VNM, delivering a return of +12.5% compared to -0.9%

VNM vs GVIP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	VNM(ETF)	GVIP(ETF)
Net Assets	$571M	$570M
Expense Ratio	0.66%	0.45%
Max Drawdown	69.75%	37.10%
Sharpe Ratio	1.09	1.39
5Y Beta	0.77	1.20
P/E Ratio	N/A	65.11
Forward P/E	N/A	23.57
PEG Ratio	N/A	0.30
5Y Dividends CAGR	-27.59%	48.90%
5Y EPS CAGR	N/A	21.58%
P/S Ratio	N/A	4.33
P/B Ratio	N/A	6.99

Net Assets

Winner

VNM

$571M

GVIP

$570M

Expense Ratio

VNM

0.66%

Winner

GVIP

0.45%

Max Drawdown

VNM

69.75%

Winner

GVIP

37.10%

Sharpe Ratio

VNM

1.09

Winner

GVIP

1.39

5Y Beta

Winner

VNM

0.77

GVIP

1.20

P/E Ratio

VNM

N/A

GVIP

65.11

Forward P/E

VNM

N/A

GVIP

23.57

PEG Ratio

VNM

N/A

GVIP

0.30

5Y Dividends CAGR

VNM

-27.59%

Winner

GVIP

48.90%

5Y EPS CAGR

VNM

N/A

GVIP

21.58%

P/S Ratio

VNM

N/A

GVIP

4.33

P/B Ratio

VNM

N/A

GVIP

6.99

VNM vs GVIP - Historical Returns

Returns include dividend reinvestment.

Period	VNM	GVIP
1 month	-8.34%	+1.29%
3 months	+6.33%	+20.04%
6 months	+2.04%	+14.71%
1 year	+33.58%	+33.30%
5 years(CAGR)	-0.93%	+12.51%
10 years(CAGR)	+3.29%	+17.43%
Max(CAGR)	-0.66%	+17.43%

VNM

-8.34%

Winner

GVIP

+1.29%

VNM

+6.33%

Winner

GVIP

+20.04%

VNM

+2.04%

Winner

GVIP

+14.71%

Winner

VNM

+33.58%

GVIP

+33.30%

5Y(CAGR)

VNM

-0.93%

Winner

GVIP

+12.51%

10Y(CAGR)

VNM

+3.29%

Winner

GVIP

+17.43%

Max(CAGR)

VNM

-0.66%

Winner

GVIP

+17.43%

VNM vs GVIP - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	VNM	GVIP
2026	-6.80%	+13.44%
2025	+65.39%	+24.18%
2024	-9.75%	+31.42%
2023	+10.66%	+40.11%
2022	-43.81%	-32.35%
2021	+21.63%	+13.57%
2020	+8.01%	+42.47%
2019	+8.14%	+29.65%
2018	-17.39%	-8.03%
2017	+36.46%	+24.67%
2016	-10.75%	+7.97%
2015	-19.15%	N/A
2014	+6.30%	N/A
2013	+2.36%	N/A
2012	+24.62%	N/A
2011	-46.32%	N/A
2010	-1.77%	N/A
2009	-1.90%	N/A

VNM vs GVIP Drawdown Comparison

The maximum drawdown for VNM was -63.25%, occurring on Mar 23, 2020. This drawdown has not yet recovered.

The maximum drawdown for GVIP was -37.09%, occurring on Oct 14, 2022. Recovery took 573 trading sessions.

The current VNM drawdown is -27.38%. The current GVIP drawdown is -2.16%.

Rank	VNM	GVIP
#1	-63.25% Oct 22, 2009 - Mar 23, 2020	-37.09% Nov 16, 2021 - Feb 29, 2024
#2	-6.44% Aug 21, 2009 - Sep 9, 2009	-36.63% Feb 19, 2020 - Jul 20, 2020
#3	-5.51% Sep 21, 2009 - Oct 9, 2009	-23.29% Feb 14, 2025 - Jun 26, 2025
#4	-3.04% Aug 14, 2009 - Aug 19, 2009	-21.47% Sep 20, 2018 - Apr 10, 2019
#5	-2.23% Oct 15, 2009 - Oct 19, 2009	-13.67% Feb 2, 2026 - Apr 14, 2026
#6	-1.78% Oct 19, 2009 - Oct 22, 2009	-10.25% Jul 16, 2024 - Aug 19, 2024
#7	-0.87% Sep 16, 2009 - Sep 21, 2009	-9.91% Apr 30, 2019 - Jul 26, 2019
#8	-0.82% Oct 12, 2009 - Oct 14, 2009	-9.66% Jan 26, 2018 - Mar 12, 2018
#9	N/A	-9.55% Jul 26, 2019 - Nov 18, 2019
#10	N/A	-9.08% Mar 12, 2018 - Jun 18, 2018
#11	N/A	-8.76% Sep 2, 2020 - Oct 13, 2020
#12	N/A	-7.59% Oct 13, 2020 - Nov 5, 2020
#13	N/A	-7.24% Oct 29, 2025 - Dec 10, 2025
#14	N/A	-7.10% Feb 16, 2021 - Apr 9, 2021
#15	N/A	-7.04% Apr 29, 2021 - Jun 23, 2021

Correlation

Correlation between VNM and GVIP is 0.36 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.36

-101

Dividend Comparison (2009 - 2025)

VNM vs GVIP dividend yield comparison.

Year	VNM	GVIP
2025	0.20%	0.34%
2024	0.00%	0.29%
2023	5.21%	0.77%
2022	0.96%	0.02%
2021	0.49%	0.00%
2020	0.40%	0.12%
2019	0.76%	0.77%
2018	0.83%	0.44%
2017	1.14%	0.45%
2016	2.44%	0.08%
2015	3.69%	0.00%
2014	2.65%	0.00%
2013	3.19%	0.00%
2012	2.04%	0.00%
2011	1.12%	0.00%
2010	1.31%	0.00%
2009	0.14%	0.00%