VNMvsKPHOETF Comparison
VS
ETF 2
KPHO
KraneShares Dragon Capital Growth of Vietnam Index ETF
This fund is part of
EM Large & Mid Cap
-1.26%
VanEck Vietnam ETF (VNM) and KraneShares Dragon Capital Growth of Vietnam Index ETF (KPHO) 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, KPHO's top sector exposures are Finance, Non-Energy Materials and Industrials. VNM is less expensive with a Total Expense Ratio (TER) of 0.66%, versus 1.02% for KPHO. VNM is down -12.09% year-to-date (YTD) with -$69M in YTD flows. KPHO performs better with -9.07% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of VNM and KPHO 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 KPHO 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 KPHO | -5.32%-1.15% | -6.47%-2.27% | -12.09%-9.07% | -15.17%n/a | +29.06%n/a | -10.23%n/a |
| Flows | VNM KPHO | -$16M-$1K | -$33M-$1M | -$69M+$5M | -$60M- | -$182M- | -$27M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | VNM KPHO | +20.25%+17.19% | +21.74%n/a | +21.43%n/a | +21.16%n/a |
| Max drawdown | VNM KPHO | -9.29%-9.14% | -17.13%n/a | -23.69%n/a | -49.77%n/a |
| Max drawdown duration | VNM KPHO | 39d40d | 276dn/a | 428dn/a | 1746dn/a |
Trading data
VNM | KPHO | |
Last sale 10/16/2026 at 1:30 PM | $16.45 | $22.13 |
| Previous close 10/15/2026 | $16.48 | $22.17 |
| 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 | KPHO | |
|---|---|---|
| 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 | KPHO | |
|---|---|---|
| Last price | $16.45 | $22.13 |
| 1D performance | -0.18% | -0.18% |
| AuM | $462.81 M | $11.17 M |
| E/R | 0.66% | 1.02% |
Characteristics
VNM | KPHO | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | KraneShares |
| Benchmark | MarketVector Vietnam Local Index | Dragon Capital Merqube Vietnam Growth Index |
| N° of holdings | 55 | 36 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 11, 2009 | December 3, 2025 |
| ESG | No | No |
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Exposure
Countries
VNM
Vietnam
100%
Other
-0%
KPHO
Vietnam
74.85%
Other
25.15%
Sectors
VNM
Finance
58.83%
Consumer Non-Cycl.
20.95%
Other
20.22%
KPHO
Finance
53.46%
Other
46.54%
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Diversification
VNM
Total weight of top 15 holdings out of 15
67.9%
KPHO
Total weight of top 15 holdings out of 15
87.51%
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%
KPHO
VN0FUEVFVND5
24.06%
Ho Chi Minh City Development Joint Stock Commercial Bank
8.87%
Vietnam Prosperity Joint-Stock Commercial Bank
8.41%
Joint Stock Commercial Bank for Foreign Trade of Vietnam
7.89%
GEMADEPT Group Corp.
4.51%
VNDirect Securities Corp.
3.82%
Hoa Phat Group JSC
3.80%
Tien Phong Commercial Joint Stock Bank
3.80%
Vietcap Securities JSC
3.77%
Sai Gon - Hanoi Commercial Joint Stock Bank
3.65%
Nam A Commercial Joint Stock Bank
3.50%
VIX Securities JSC
3.47%
HAGL JSC
3.26%
JSC Bank for Investment & Development of Vietnam
3.10%
PetroVietnam Transportation Corp.
1.60%
Frequently asked questions about VNM and KPHO
How have the VNM and KPHO ETFs performed in 2026?
As of October 16, 2026, VNM is down -12.09% year-to-date (YTD), while KPHO has lost -9.07%. That puts KPHO better performer ahead so far this year.
Which ETF is attracting more investor money: VNM or KPHO?
Year-to-date, the VNM ETF saw -$69M in flows, compared to +$5M for KPHO.
Which ETF is bigger: VNM or KPHO?
As of October 16, 2026, VNM holds $462.81 M in assets under management (AUM), while KPHO manages $11.17 M.
What sectors do the VNM and KPHO ETFs invest in?
VNM leans toward sectors like Finance and Consumer Non-Cyclicals. Meanwhile, KPHO focuses on Finance.
What are the top holdings of the VNM ETF and KPHO ETF?
VNM top holdings include Vingroup JSC, Vinhomes JSC and Masan Group Corp.. KPHO holds in its top three: VN0FUEVFVND5, Ho Chi Minh City Development Joint Stock Commercial Bank and Vietnam Prosperity Joint-Stock Commercial Bank.
Which ETF is more diversified: VNM or KPHO?
VNM holds 55 securities with 67.9% of its assets in the top 15. KPHO has 36 securities and a top 15 weight of 87.51%.
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