VanEck Vectors Vietnam ETF
ALTAR
Score™
4.1% info Recommen-
dation
AVOID
2020E    2021E
P/E
ratio
22.9x P/Sales
ratio
1.7x
P/BV
ratio
1.9x Div.
yield
1.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
VanEck Vectors Vietnam ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the price and yield performance of the VanEck Vectors Vietnam Index.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Van Eck Associates Corp
Website www.vaneck.com
Inception date Aug 14, 2009
Assets (mns) $329
Currency USD
Expense ratio 68 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Optimized
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 25
Wgt avg mkt cap (mns) $3,382
Large cap (>$10bn) 21.3%
Mid cap ($2-10bn) 57.0%
Small cap (<$2bn) 21.7%
Developed mkts 9.1%
Emerging mkts 90.9%

TOP TEN HOLDINGS
VINGROUP JSC 7.5 %
VIET NAM DAIRY PRODUCTS JSC 7.4 %
JSC BANK FOR FOREIGN TRADE 6.4 %
NO VA LAND INVESTMENT GROUP CO. 5.7 %
MANI, INC. 5.2 %
MASAN GROUP CORP 5.2 %
VINCOM RETAIL JSC 5.1 %
HOA PHAT GROUP JSC 4.9 %
MCNEX CO., LTD. 4.2 %
ECLAT TEXTILE COMPANY LTD 3.8 %
Total 55.3 %

TOP COUNTRY EXPOSURE
VIETNAM 49.3 %
SOUTH KOREA 6.2 %
JAPAN 5.2 %
TAIWAN 3.8 %
BRITAIN 0.7 %






HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru May 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-14.3% -14.7% -3.3% -3.8% -4.5%

Market Correlations
versus... Beta R-squared
S&P500 1.16 61%
MSCI EAFE 1.28 64%
MSCI Emg. Mkts. 1.05 65%

Technical Indicators
Recent close $13.70
30d moving avg. $12.73
Annualized volatility 25.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 63

Liquidity measures
Avg. volume (thou.) 273
Turnover 1.1%
Bid/Ask (% of price) 0.30%
ADV underlying (mns) $81

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 71 potential alternatives to the VanEck Vectors Vietnam ETF ETF based on the alternatives' overlap in portfolio holdings with VNM. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: VNM Expense: 68 bp ALTAR Score™: 4.1%


ALTERNATIVE ETFs BASED ON OVERLAP WITH VNM
Ticker Fund
Name
Overlap1
vs VNM
(%)
Expense
ratio
(bp)
Savings
vs VNM
(bp)
ALTAR
Score™
(%)
ALTAR
vs VNM
(%)
FM iShares MSCI Frontier 100 ETF 9.3 79 -11 10.8 +6.7
EMFM Global X MSCI Next Emerging & Frontier ETF 6.7 55 13 9.3 +5.2
ROAM Hartford Multifactor Emerging Markets ETF 0.5 44 24 15.7 +11.6
FDTS First Trust Developed Markets ex-US Small Cap AlphaDEX Fund 0.4 80 -12 12.0 +7.9
EWT iShares MSCI Taiwan ETF 0.4 59 9 6.7 +2.6
FLTW Franklin FTSE Taiwan ETF 0.4 19 49 7.0 +2.9
ISCF iShares Edge MSCI Multifactor Intl Small-Cap ETF 0.4 40 28 9.3 +5.2
KLDW Gavekal Knowledge Leaders Developed World ETF 0.3 75 -7 5.0 +0.9
DGRE WisdomTree Emerging Markets Quality Dividend Growth Fund 0.3 32 36 9.9 +5.8
EMMF WisdomTree Emerging Markets Multifactor Fund 0.3 48 20 10.2 +6.2
SCJ iShares MSCI Japan Small-Cap ETF 0.3 47 21 6.8 +2.7
CEZ VictoryShares Emerging Market Volatility Wtd Index ETF 0.2 50 18 10.4 +6.3
MXDE Nationwide Maximum Diversification Emerging Mkts Core Eq 0.2 64 4 5.7 +1.6
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 0.2 45 23 9.4 +5.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 0.1 30 38 9.7 +5.7
JPIN JPMorgan Diversified Return International Equity ETF 0.1 38 30 8.4 +4.3
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 0.1 59 9 11.7 +7.6
DFJ WisdomTree Japan SmallCap Dividend Fund 0.1 58 10 8.8 +4.7
EEMS iShares MSCI Emerging Markets Small Cap ETF 0.1 69 -1 8.1 +4.0
DXJS WisdomTree Japan Hedged SmallCap Equity Fund 0.1 58 10 8.8 +4.7
DVEM WisdomTree Emerging Markets Dividend Fund 0.1 32 36 9.5 +5.4
GMF SPDR S&P Emerging Asia Pacific ETF 0.1 49 19 8.4 +4.3
IPAC iShares Core MSCI Pacific ETF 0.1 9 59 8.0 +3.9
SCZ iShares MSCI Eafe Small-Cap ETF 0.1 40 28 7.0 +2.9
DLS WisdomTree International SmallCap Dividend Fund 0.1 58 10 9.0 +4.9
DNL WisdomTree Global ex-US Dividend Growth Fund 0.1 58 10 8.1 +4.0
JHEM John Hancock Multifactor Emerging Markets ETF 0.1 55 13 9.3 +5.2
AVEM Avantis Emerging Markets Equity ETF 0.1 33 35 10.0 +5.9
EEMA iShares MSCI Emerging Markets Asia ETF 0.1 50 18 8.8 +4.7
FLJH Franklin FTSE Japan Hedged ETF 0.1 9 59 8.3 +4.2
PBEE Invesco PureBeta FTSE Emerging Markets ETF 0.0 14 54 9.9 +5.8
FLAX Franklin FTSE Asia Ex Japan ETF 0.0 19 49 8.9 +4.8
SCHE Schwab Emerging Markets Equity ETF 0.0 13 55 9.1 +5.0
HFXJ IQ 50 Percent Hedged FTSE Japan ETF 0.0 30 38 8.1 +4.0
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 0.0 32 36 7.2 +3.1
VWO Vanguard FTSE Emerging Markets ETF 0.0 10 58 9.3 +5.2
IEMG iShares Core MSCI Emerging Markets ETF 0.0 14 54 9.2 +5.1
EEM iShares MSCI Emerging Markets ETF 0.0 68 0 8.7 +4.6
AAXJ iShares MSCI All Country Asia ex Japan ETF 0.0 68 0 8.4 +4.3
FLJP Franklin FTSE Japan ETF 0.0 9 59 8.3 +4.2
SCHC Schwab International Small-Cap Equity ETF 0.0 12 56 7.5 +3.5
VPL Vanguard FTSE Pacific ETF 0.0 8 60 8.3 +4.3
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 0.0 65 3 8.9 +4.8
VYMI Vanguard International High Dividend Yield ETF 0.0 32 36 10.8 +6.7
VSS Vanguard FTSE All World (ex-US) Small Cap Index Fund 0.0 11 57 7.4 +3.3
IQDG WisdomTree International Quality Dividend Growth Fund 0.0 38 30 6.7 +2.6
IXUS ishares Core MSCI Total International Stock ETF 0.0 9 59 8.1 +4.0
VXUS Vanguard Total International Stock Index Fund 0.0 8 60 8.2 +4.1
IDEV iShares Core MSCI International Developed Markets ETF 0.0 5 63 7.7 +3.6
IHDG WisdomTree International Hedged Quality Dividend Growth Fund 0.0 58 10 6.6 +2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 0.0 39 29 9.7 +5.6
VEU Vanguard FTSE All-World ex-US Index Fund 0.0 8 60 8.2 +4.1
GWX SPDR S&P International Small Cap ETF 0.0 40 28 6.5 +2.4
CWI SPDR MSCI ACWI ex-US ETF 0.0 30 38 8.0 +3.9
IEFA iShares Core MSCI EAFE ETF 0.0 7 61 7.8 +3.7
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 0.0 24 44 7.6 +3.5
EWUS iShares MSCI United Kingdom Small Cap ETF 0.0 59 9 8.8 +4.7
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.0 40 28 7.9 +3.8
VEA Vanguard FTSE Developed Markets ETF 0.0 5 63 8.0 +3.9
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 0.0 7 61 8.1 +4.0
SCHF Schwab International Equity ETF 0.0 6 62 7.9 +3.8
VSGX Vanguard ESG International Stock ETF 0.0 17 51 7.8 +3.7
ACWX iShares MSCI ACWI ex U.S. ETF 0.0 32 36 8.0 +3.9
SPDW SPDR Portfolio Developed World ex-US ETF 0.0 4 64 7.7 +3.6
VT Vanguard Total World Stock Index Fund 0.0 8 60 6.6 +2.5
SPEM SPDR Portfolio Emerging Markets ETF 0.0 11 57 9.0 +4.9
IEUS iShares MSCI Europe Small-Cap ETF 0.0 40 28 7.5 +3.4
ACWI iShares MSCI ACWI ETF 0.0 32 36 6.3 +2.2
AVDE Avantis International Equity ETF 0.0 23 45 8.5 +4.4
FILL iShares MSCI Global Energy Producers ETF 0.0 39 29 6.7 +2.6
IEUR iShares Core MSCI Europe ETF 0.0 9 59 7.7 +3.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
VanEck Vectors Vietnam ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.0 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 68 bp
Equals: ALTAR Score 4.1 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.51 CATEGORY
AVERAGE
1.45
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.