VNMvsINDAETF Comparison
VS
VanEck Vietnam ETF (VNM) and iShares MSCI India ETF (INDA) belong to the same industry segment: EM Large & Mid Cap. VNM's top 3 sector exposures are Finance, Consumer Non-Cyclicals and Non-Energy Materials. In contrast, INDA's top sector exposures are Finance, Industrials and Consumer Cyclicals. VNM is more expensive with a Total Expense Ratio (TER) of 0.66%, versus 0.61% for INDA. VNM is down -12.09% year-to-date (YTD) with -$69M in YTD flows. INDA performs better with -11.72% YTD performance, and -$2.59B in YTD flows. Run a side-by-side ETF comparison of VNM and INDA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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VNM vs INDA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | VNM INDA | -5.32%+0.32% | -6.47%-1.95% | -12.09%-11.72% | -15.17%-11.71% | +29.06%+7.88% | -10.23%+1.75% |
| Flows | VNM INDA | -$16M-$604M | -$33M-$799M | -$69M-$2.59B | -$60M-$2.52B | -$182M-$560M | -$27M-$154M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VNM INDA | +20.25%+13.29% | +21.74%+14.68% | +21.43%+14.91% | +21.16%+15.38% |
| Max drawdown | VNM INDA | -9.29%-9.87% | -17.13%-17.75% | -23.69%-23.22% | -49.77%-23.22% |
| Max drawdown duration | VNM INDA | 39d74d | 276d359d | 428d750d | 1746d750d |
Trading data
VNM | INDA | |
Last sale 10/16/2026 at 1:30 PM | $16.45 | $47.66 |
| Previous close 10/15/2026 | $16.48 | $47.95 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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VNM | INDA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
VNM | INDA | |
|---|---|---|
| Last price | $16.45 | $47.66 |
| 1D performance | -0.18% | -0.60% |
| AuM | $462.81 M | $5.88 B |
| E/R | 0.66% | 0.61% |
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Exposure
Countries
VNM
Vietnam
100%
Other
-0%
INDA
India
99.62%
Other
0.38%
Sectors
VNM
Finance
58.83%
Consumer Non-Cycl.
20.95%
Other
20.22%
INDA
Finance
31.12%
Industrials
11.13%
Consumer Cyclical.
9.81%
Non-Energy Materi.
9.18%
Energy
7.94%
Technology
7.93%
Other
22.89%
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Diversification
VNM
Total weight of top 15 holdings out of 15
67.9%
INDA
Total weight of top 15 holdings out of 15
42.02%
Top 15 holdings
Data as of August 31, 2026
VNM
Vingroup JSC
9.80%
Vinhomes JSC
8.11%
Masan Group Corp.
5.84%
Masan Consumer Corp.
5.71%
Vietnam Dairy Products Corp.
5.43%
Joint Stock Commercial Bank for Foreign Trade of Vietnam
5.00%
Hoa Phat Group JSC
4.63%
SSI Securities Corp.
4.31%
VPS Securities JSC
3.90%
VIX Securities JSC
3.31%
FPT Corp.
2.61%
Saigon Treasure Commercial Joint Stock Bank
2.53%
Vietjet Aviation JSC
2.28%
Techcom Securities JSC
2.25%
Vincom Retail JSC
2.19%
INDA
HDFC Bank Ltd.
5.95%
ICICI Bank Ltd.
5.67%
Reliance Industries Ltd.
5.45%
Bharti Airtel Ltd.
3.78%
BlackRock Cash Funds - Treasury
3.05%
Infosys Ltd.
2.56%
Axis Bank Ltd.
2.18%
Mahindra & Mahindra Ltd.
2.12%
Larsen & Toubro Ltd.
2.02%
Bajaj Finance Ltd.
1.95%
Kotak Mahindra Bank Ltd.
1.70%
State Bank of India
1.45%
Tata Consultancy Services Ltd.
1.45%
Titan Co. Ltd.
1.35%
Sun Pharmaceutical Industries Ltd.
1.33%
Frequently asked questions about VNM and INDA
How have the VNM and INDA ETFs performed in 2026?
As of October 16, 2026, VNM is down -12.09% year-to-date (YTD), while INDA has lost -11.72%. That puts INDA better performer ahead so far this year.
Which ETF is attracting more investor money: VNM or INDA?
Year-to-date, the VNM ETF saw -$69M in flows, compared to -$2.59B for INDA.
Which ETF is more volatile: VNM or INDA?
Over the past year, VNM had a volatility of 21.74%, while INDA experienced 14.68%.
Which ETF is bigger: VNM or INDA?
As of October 16, 2026, VNM holds $462.81 M in assets under management (AUM), while INDA manages $5.88 B.
What sectors do the VNM and INDA ETFs invest in?
VNM leans toward sectors like Finance and Consumer Non-Cyclicals. Meanwhile, INDA focuses on Finance, Industrials and Consumer Cyclicals.
What are the top holdings of the VNM ETF and INDA ETF?
VNM top holdings include Vingroup JSC, Vinhomes JSC and Masan Group Corp.. INDA holds in its top three: HDFC Bank Ltd., ICICI Bank Ltd. and Reliance Industries Ltd..
Which ETF is more diversified: VNM or INDA?
VNM holds 55 securities with 67.9% of its assets in the top 15. INDA has 169 securities and a top 15 weight of 42.02%.
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Latest news about VNM & INDA
There's an ETF for That? Frontier Markets
September 25, 2026
VNM
An introduction to Country-Based ETFs
July 7, 2022
INDA
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