VN30 vs VN Diamond ETFs: Which Strategy Leads in August 2026?

Vietnam's two flagship exchange-traded funds are telling very different stories in August 2026. Based on Yahoo Finance trading data as of 24/08/2026, the DCVFMVN Diamond ETF (FUEVFVND) returned +8.82% over the past month, ahead of the VFMVN30 ETF (E1VFVN30) at +5.61% — yet the VN30 fund carries a much smaller year-to-date decline of -3.44% versus -9.84%. This comparison breaks down the numbers, explains the structural differences behind them, and clarifies what the trading data can and cannot tell investors.

August 2026 Snapshot: Two Flagship ETFs, Two Different Momentum Profiles

By the close of 24/08/2026, E1VFVN30 stood at 34,850 VND while FUEVFVND traded at 34,530 VND — nearly identical price levels, but achieved through contrasting index construction. A closer look at the return columns shows how far the two strategies have diverged within the same market.

One-Month Return: Diamond Takes the Lead

FUEVFVND's +8.82% one-month gain beats E1VFVN30's +5.61% by a margin of 3.21 percentage points. The Diamond fund also posted the stronger final session, rising +0.96% versus +0.29% for the VN30 ETF. Over the past week, however, the roles reverse: E1VFVN30 is up +3.11%, while FUEVFVND has gained +1.92%.

Year-to-Date: VN30 Shows More Resilience

Extend the measurement window to 2026 year-to-date and the leadership flips again. E1VFVN30 is down -3.44%, a shallower decline than FUEVFVND's -9.84% — a gap of 6.40 percentage points. In short, the Diamond strategy has rebounded harder over the last 30 days, but it started from the deeper -9.84% YTD base built earlier in the year.

Tracking and Construction: Why Two Flagships Behave Differently

The VN30 index selects the 30 largest and most liquid stocks on the Ho Chi Minh Stock Exchange. The VN Diamond index applies a stricter quality lens, favoring companies with strong profitability and sustainable business models. These methodologies determine how each fund reacts to sector rotation and to the current August 2026 trading environment.

Not One, But Three VN30 ETFs

E1VFVN30 is the most established VN30 tracker, but it is not alone. The SSIAM VN30 ETF (FUESSV30) closed at 24,500 VND on 24/08/2026, up +1.49% over one month and -3.16% year-to-date, with 14K units traded. The KIM Growth VN30 ETF (FUEKIVFS) finished at 17,440 VND, rising +3.01% in the latest session — the strongest single-day move in the comparison — yet down -4.60% over the past month and up +2.23% year-to-date. Sharing a benchmark clearly does not mean sharing identical returns in every window.

Tracking Error: The Gap Investors Should Watch

Tracking error quantifies how closely an ETF mirrors its benchmark index. While precise tracking figures are published separately by fund managers, the 24/08/2026 data already hints at meaningful dispersion: E1VFVN30's one-week return of +3.11% compares with +0.49% for FUESSV30 and -0.40% for FUEKIVFS. Investors comparing VN30 products should review each fund's tracking history rather than assume the funds are interchangeable.

Trading Volume vs. Fund Flow: A Critical Distinction in August 2026

On 24/08/2026, E1VFVN30 recorded 241K units of trading volume and FUEVFVND recorded 210K units. Elsewhere, the SSIAM VN FINLEAD ETF (FUESSVFL) was the most active domestic fund with 385K units. These figures describe secondary-market turnover — shares changing hands between investors on the exchange.

Why Volume Is Not the Same as Capital Inflow

True ETF fund flow measures creation and redemption activity, calculated as the change in shares outstanding multiplied by NAV. Trading volume alone cannot tell us whether new money entered a fund. An ETF can trade heavily while experiencing net redemptions, or trade quietly while shares are being created. The figures in this article are trading data, and describing them as "fund flows" would be inaccurate.

What the Volume Data Actually Shows

Based on the latest Yahoo Finance data, E1VFVN30 was the more actively traded fund between the two flagships on 24/08/2026, with 241K units versus 210K units for FUEVFVND. This indicates secondary-market investor activity, not the direction of net capital movement into either strategy.

The Broader Vietnam ETF Landscape: Context Beyond the Two Leaders

The VN30-versus-Diamond debate does not exist in a vacuum. Four other funds in the comparison provide useful context for the August 2026 market.

VNX50 and FINLEAD: Different Portfolios, Different Rhythms

The SSIAM VNX50 ETF (FUESSV50) is the only locally listed fund in this data set with a positive YTD return, at +0.77%, supported by a +4.68% one-week gain. The SSIAM VN FINLEAD ETF (FUESSVFL) rose +7.50% over the past month — close to the Diamond ETF's pace — while attracting the highest trading volume among domestic funds at 385K units, with a YTD return of -4.58%.

Foreign-Listed Perspective: VanEck Vietnam ETF

Listed in the United States, the VanEck Vietnam ETF (VNM) closed at $17.95 on 24/08/2026. Its one-month return of +9.05% is the strongest in this comparison, ahead of FUEVFVND's +8.82%, while its YTD figure of -6.07% sits between the two flagship domestic strategies. VNM offers broad Vietnamese equity exposure rather than a single-index bet.

Which Strategy Leads? Three Data-Backed Takeaways

Momentum vs. Resilience: Two Valid Answers

Based purely on the trading data as of 24/08/2026:

• One month: the Diamond strategy leads, with FUEVFVND at +8.82% versus E1VFVN30 at +5.61%.
• Year-to-date: the VN30 strategy is more defensive, with E1VFVN30 at -3.44% versus FUEVFVND at -9.84%.
• Latest session: FUEVFVND gained +0.96%, more than triple E1VFVN30's +0.29% daily move.

Neither strategy is universally superior — each embeds a different expectation about which Vietnamese stocks will outperform. Investors comparing the two should evaluate their own time horizon, review tracking behavior, and carefully distinguish exchange trading volume from genuine fund flow data when assessing demand.

Frequently Asked Questions

Which is better in August 2026: the VN30 or the VN Diamond ETF?

Based on trading data as of 24/08/2026, FUEVFVND outperformed E1VFVN30 over the past month (+8.82% vs +5.61%), while E1VFVN30 holds the smaller year-to-date loss (-3.44% vs -9.84%). The better choice depends on an investor's time horizon and risk tolerance.

Why is the Diamond ETF's YTD return worse despite a strong one-month rally?

FUEVFVND fell more deeply earlier in 2026 before rebounding in August. Its -9.84% YTD reading reflects cumulative losses that a +8.82% monthly gain has not yet recovered, according to the latest Yahoo Finance data.

Does higher trading volume mean more money flowing into an ETF?

No. Trading volume reflects shares changing hands between investors in the secondary market, whereas ETF fund flow is driven by creation and redemption activity — the change in shares outstanding multiplied by NAV. The two metrics are often confused but measure different things.

Compare Further on etf.com.vn

Ready to dig deeper? Use our ETF comparison tool to evaluate funds side by side, follow the latest market updates for ongoing coverage, and review the detailed product pages for VFMVN30 ETF (E1VFVN30) and DCVFMVN Diamond ETF (FUEVFVND) before making any investment decision.

This content is for informational purposes only and does not constitute personal investment advice.