VN30 vs. VN Diamond ETF Strategies: Which One Fits the August 2026 Market?
As of August 4, 2026, Vietnam's ETF landscape shows a sharp divergence: the DCVFMVN Diamond ETF (FUEVFVND) has surged +6.94% over the past week, while the VFMVN30 ETF (E1VFVN30) gained just +2.12% in the same period. However, over the last month, both have declined, with the Diamond ETF down -6.64% and the VN30 ETF down -5.73%. This article breaks down the latest data to help you decide which strategy aligns with your investment goals in the current August 2026 market.
Performance Snapshot: Latest Data (as of 04/08/2026)
Using the most recent figures from Yahoo Finance, we compare the two most prominent ETFs tracking Vietnamese equities. The table below shows key metrics for E1VFVN30 and FUEVFVND, alongside other major ETFs for context.
| Ticker | Name | Price (VND) | 1-Day | 1-Week | 1-Month | YTD | Volume |
|---|---|---|---|---|---|---|---|
| E1VFVN30 | VFMVN30 ETF | 34,530 | -0.88% | +2.12% | -5.73% | -6.62% | 579K units |
| FUEVFVND | DCVFMVN Diamond ETF | 33,580 | +0.27% | +6.94% | -6.64% | -12.32% | 286K units |
Notably, the Diamond ETF has outperformed in the short term (1-week) but lagged significantly on a year-to-date basis. This divergence is crucial for strategy selection.
Short-Term Momentum: Diamond ETF Leads
Over the past week, FUEVFVND surged +6.94%, while E1VFVN30 only managed +2.12%. This suggests that in the current August 2026 environment, the Diamond ETF's underlying index—which focuses on large-cap, high-dividend stocks—is experiencing stronger buying interest. However, on the last trading day (August 4), the VN30 ETF fell -0.88%, while the Diamond ETF rose +0.27%, indicating a possible rotation.
What Drives the Weekly Surge?
The weekly performance gap of +4.82 percentage points (6.94% vs. 2.12%) is the most striking data point. This could be driven by sector-specific rallies, as the Diamond index emphasizes financials and consumer staples, which may be favored in the current cycle. Yet, the 1-day negative return for E1VFVN30 suggests that VN30 large-caps might be facing profit-taking.
Long-Term Perspective: VN30 ETF Shows Resilience YTD
When looking at year-to-date returns, E1VFVN30 is down -6.62%, but this is far better than FUEVFVND's -12.32% decline. This means that over the first seven months of 2026, the VN30 strategy has preserved capital better, despite the Diamond ETF's recent bounce.
Why the YTD Difference Matters
The -5.70 percentage point gap (from -6.62% to -12.32%) highlights that the Diamond ETF has been more volatile and sensitive to market corrections. For investors with a longer horizon, this could be a red flag, but for those seeking short-term gains, the recent weekly surge might be attractive.
Volume and Liquidity Considerations
E1VFVN30 traded 579K units on August 4, while FUEVFVND saw 286K units. Higher volume generally means better liquidity, which is essential for active traders. The VN30 ETF's volume is double that of the Diamond ETF, making it easier to enter or exit positions without significant price impact.
Impact on Execution Costs
The higher liquidity of E1VFVN30 (579K units) versus FUEVFVND (286K units) can lead to tighter bid-ask spreads. This is a practical consideration for frequent traders, especially in a volatile August market.
Which Strategy Fits Your Portfolio?
Based on the data, there is no one-size-fits-all answer. If you are a short-term trader, the Diamond ETF's +6.94% weekly momentum may be appealing, but beware of its -12.32% YTD decline. If you prefer stability, the VN30 ETF's -6.62% YTD and higher liquidity make it a more conservative choice. Use our ETF comparison tool to analyze more metrics, and check our ETF strategies for 2026 for broader context. For a deeper dive into market trends, see our Vietnam market outlook and ETF liquidity guide.