VN30 vs VN Diamond: Which ETF Strategy Is Dominating in August 2026?
As of the latest trading data (31/07/2026), the battle between Vietnam's two flagship ETFs — the VFMVN30 ETF (E1VFVN30) and the DCVFMVN Diamond ETF (FUEVFVND) — has taken a decisive turn. While the VN30-tracker posted a 1-month decline of -6.05%, the Diamond ETF suffered a sharper -10.54% drop, yet both show positive momentum over the past week. This article dissects which strategy is currently leading and what it means for smart ETF investors in 2026.
1. Performance Snapshot: VN30 vs VN Diamond in August 2026
Using the latest data from 31/07/2026, the two dominant ETFs present contrasting risk-return profiles. The E1VFVN30 closed at 33,700 VND, down -0.88% in one day but up +2.12% over the week. In contrast, the FUEVFVND traded at 32,440 VND, nearly flat on the day (-0.12%) but with a slightly stronger weekly gain of +2.24%.
1.1. Monthly Returns: Who Fell Less?
Over the past month, the VN30 ETF lost -6.05%, while the Diamond ETF dropped -10.54%. This nearly 450 basis-point gap highlights that the Diamond strategy — heavily weighted toward large-cap, high-quality stocks — has been more volatile in the current macro environment. In contrast, the VN30 basket showed relative resilience.
1.2. Year-to-Date (YTD) Performance: The Decisive Metric
Year-to-date, the divergence is stark: E1VFVN30 is down -6.62%, while FUEVFVND has fallen -15.30%. That means the VN30 strategy has outperformed the Diamond by roughly 8.7 percentage points in 2026. For long-term investors, this data suggests that the VN30's broader large-cap exposure has been more defensive than the Diamond's concentrated, quality-growth tilt.
2. Liquidity and Trading Volume: Which ETF Is More Active?
Liquidity is crucial for institutional and retail investors alike. On 31/07/2026, the Diamond ETF saw higher trading volume at 393K units, versus 346K for the VN30 ETF. This indicates that despite the Diamond's weaker performance, it still attracts active trading interest, possibly due to dividend or sector rotation strategies.
2.1. Volume vs. Price: A Divergence Signal
Interestingly, the Diamond ETF's higher volume (+47K units) came with a smaller daily price decline (-0.12% vs -0.88%), suggesting that buyers are stepping in at lower levels. Meanwhile, the VN30 ETF's lower volume but larger daily drop may indicate a lack of conviction among sellers.
3. Beyond the Top Two: The Broader ETF Landscape
To truly judge which strategy is dominating, we must look at the entire Vietnamese ETF ecosystem. The comparison tool reveals that the SSIAM VNX50 ETF (FUESSV50) is the clear winner in August 2026: it posted a +2.08% daily gain, +6.73% weekly, and +5.52% YTD — the only major ETF in positive territory for 2026.
3.1. VN30 Alternatives: SSIAM and KIM
The SSIAM VN30 ETF (FUESSV30) showed a 1-month loss of -4.66% and YTD -4.51%, performing better than the VFMVN30 on a monthly basis. The KIM Growth VN30 ETF (FUEKIVFS) was down -7.91% in a month but only -1.06% YTD, showing remarkable long-term stability. These two products offer investors alternative ways to play the VN30 strategy.
3.2. Sector and International ETFs
The SSIAM VN FINLEAD ETF (FUESSVFL), focusing on financials, fell -8.53% in a month and -9.88% YTD, reflecting the sector's struggles. Meanwhile, the VanEck Vietnam ETF (VNM) on the US market dropped -2.25% daily but is up +3.16% weekly, with a YTD decline of -11.15% — showing that international investors face similar headwinds.
4. Which Strategy Is Right for You in 2026?
Based on the August 2026 data, the VN30 strategy (as represented by E1VFVN30) is currently more resilient than the Diamond (FUEVFVND) in both the 1-month and YTD windows. However, the Diamond's higher volume and smaller daily decline suggest potential for a rebound. For investors seeking stability, the VN30 ETF appears safer; for those betting on a quality-growth recovery, the Diamond ETF offers higher upside. Always consider your risk tolerance and investment horizon when choosing between these two flagship ETFs.