SPY vs VNAM
State Street SPDR S&P 500 ETF Trust vs Global X MSCI Vietnam ETF
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | SPY | VNAM | Winner |
|---|---|---|---|
| Expense Ratio | 0.09% | 0.51% | |
| AUM | $821.1B | $35M | |
| Dividend Yield | 1.01% | 0.52% | |
| Holdings | 505 | 72 | |
| YTD Return | +12.22% | -8.91% | |
| 1Y Return | +20.83% | +3.76% | |
| 3Y Return (annualized) | +21.70% | +9.54% | |
| 5Y Return (annualized) | +12.98% | - | |
| Volatility (annualized) | 15.3% | 25.3% | |
| Max Drawdown | -56.5% | -52.8% | |
| Fund Family | State Street Investment Management | Global X by mirae Asset | |
| Category | Equity | Equity | |
| Inception | Jan 22, 1993 | Dec 7, 2021 |
SPY vs VNAM Performance
State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management and Global X MSCI Vietnam ETF (VNAM) is a ETF from Global X by mirae Asset. Over the past year SPY returned +20.83% while VNAM returned +3.76%. Year to date, SPY is up 12.22% versus a loss of 8.91% for VNAM.
Over three years, SPY compounded at +21.70% per year against +9.54% for VNAM. Across the full 5-year window we track, SPY has the edge at +8.79% annualized vs -1.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VNAM has been the more volatile fund, with annualized monthly volatility of 25.3% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for SPY and -52.8% for VNAM. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
SPY charges 0.09% per year while VNAM charges 0.51%. On a $10,000 position that is $9 vs $51 annually, a gap of $42 per year that compounds over a long holding period. On income, SPY currently yields 1.01% against 0.52% for VNAM.
Holdings Overlap
SPY and VNAM share 5 holdings out of 564 unique holdings combined, representing a 2.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPY or VNAM?
SPY has an expense ratio of 0.09% while VNAM charges 0.51%. SPY is the cheaper option. On a $10,000 investment, that is $42 per year of difference.
Which performed better, SPY or VNAM?
Over the past year SPY returned +20.83% vs +3.76% for VNAM, so SPY leads on 1-year performance. Over the longest common window we track (5 years), SPY annualized +8.79% vs -1.94% for VNAM. Past performance does not guarantee future results.
Which is riskier, SPY or VNAM?
VNAM has been the more volatile fund at 25.3% annualized versus 15.3% for SPY. Worst drawdown: SPY -56.5% vs VNAM -52.8%.
Should I hold both SPY and VNAM?
SPY and VNAM have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between SPY and VNAM?
SPY and VNAM share 5 common holdings with a 2.1% weight overlap. Combined, they hold 564 unique securities.
Which pays a higher dividend, SPY or VNAM?
SPY yields 1.01% while VNAM yields 0.52%, so SPY currently pays the higher dividend yield.
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