VN30 vs VN Diamond: Which ETF Strategy Is Leading in Mid-2026?
As of late August 2026, Vietnam's two most-watched exchange-traded funds – the VFMVN30 ETF (E1VFVN30) and the DCVFMVN Diamond ETF (FUEVFVND) – are showing contrasting signals. Over the past month, the Diamond ETF has rebounded faster with a +7.83% gain, beating the VN30 tracker's +5.85%, but on a year-to-date basis the VN30 strategy remains clearly ahead at -1.16% versus -8.67% for Diamond, based on Yahoo Finance trading data as of 28/08/2026.
A Tale of Two Flagship ETFs
Vietnam's ETF market is built around two heavyweight strategies: the blue-chip VN30 index and the selectively weighted VN Diamond index. Each targets a different segment of the Ho Chi Minh Stock Exchange, and their performances in 2026 have diverged sharply.
E1VFVN30 – the original VN30 tracker
The VFMVN30 ETF (E1VFVN30) is the most established VN30 fund, priced at 35,670 VND per unit as of 28/08/2026. It tracks the VN30 index, which captures the 30 largest and most liquid stocks on the exchange. With 531K units changing hands, E1VFVN30 remains one of the most actively traded ETFs in Vietnam.
FUEVFVND – the VN Diamond challenger
The DCVFMVN Diamond ETF (FUEVFVND) follows the VN Diamond index, a strategy that applies floating-ratio caps to avoid overweighting stocks with high foreign ownership limits. The ETF is trading at 34,980 VND, with 225K units traded on the same date. Its unique methodology often produces a different risk-return profile than the VN30 – a fact clearly visible in 2026 price action.
Performance Check: VN30 vs VN Diamond in 2026
The table below, based on Yahoo Finance data as of 28/08/2026, shows how the two flagship ETFs compare across key periods.
| Ticker | ETF Name | Price | 1-Day | 1-Wk | 1-Mo | YTD | Volume |
|---|---|---|---|---|---|---|---|
| E1VFVN30 | VFMVN30 ETF | 35,670 VND | +0.00% | +2.35% | +5.85% | -1.16% | 531K units |
| FUEVFVND | DCVFMVN Diamond ETF | 34,980 VND | +0.00% | +2.28% | +7.83% | -8.67% | 225K units |
One-month rebound highlights the gap
The most striking divergence is in the one-month window. FUEVFVND gained +7.83%, significantly outpacing E1VFVN30's +5.85%. This suggests that the VN Diamond strategy has captured a stronger recovery in its component stocks during the late-summer rally. Neither ETF moved on the final trading day of the data period, but the weekly gains remain healthy (E1VFVN30 +2.35%, FUEVFVND +2.28%).
Year-to-date: a different story
When zooming out to 2026 so far, the VN30 strategy is the clear leader. E1VFVN30 is down only -1.16% YTD, while FUEVFVND has lost -8.67%. That is a performance difference of more than seven percentage points. In a challenging year for Vietnam equities, the VN30 index has proven more defensive than the VN Diamond benchmark.
Beyond the Two: A Broader ETF Landscape
The VN30 vs Diamond comparison is not the whole market. Other ETFs tracked on the same date provide useful context.
Volume signals: where are traders active?
Despite the Diamond ETF's lower year-to-date return, the SSIAM VN FINLEAD ETF (FUESSVFL) recorded the heaviest volume at 526K units, while E1VFVN30 came second with 531K units – actually the two are nearly tied, with E1VFVN30 slightly higher. FUEVFVND traded 225K units, indicating more modest activity. On a daily basis, the KIM Growth VN30 ETF (FUEKIVFS) gained +6.95% in a single session, though its volume was negligible (0K units), suggesting a thin market.
VN30 clones vs the Diamond benchmark
Among VN30-tracking ETFs, SSIAM VN30 (FUESSV30) posted a YTD return of -0.87%, slightly better than E1VFVN30, while the SSIAM VNX50 (FUESSV50) delivered a rare positive YTD figure of +3.10%. The Diamond strategy, however, remains the only VN Diamond ETF, so investors comparing strategies must weigh its distinct index methodology against the broader VN30 complex.
Which Strategy Is Really Leading?
There is no single answer: it depends on the evaluation period and the investor's perspective.
Short-term momentum vs long-term resilience
If the question is 'which ETF has had the strongest recent momentum?', FUEVFVND's +7.83% one-month gain clearly outperforms E1VFVN30's +5.85%. But if the question is 'which strategy is leading in 2026 so far?', the VN30 duo is far ahead – E1VFVN30 at -1.16% and FUESSV30 at -0.87% versus FUEVFVND's -8.67%.
Data-driven perspective for investors
Based on the latest trading data, investors seeking stability in a turbulent year might favor the VN30 strategy, while those looking for a more aggressive rebound could find the Diamond ETF's one-month surge attractive. However, past performance does not guarantee future results, and the tracking error of each fund should be evaluated carefully – though the current data set does not include those figures.
Frequently Asked Questions
What is the difference between E1VFVN30 and FUEVFVND?
E1VFVN30 tracks the VN30 index, which includes the 30 largest stocks on the Ho Chi Minh Exchange by market value and liquidity. FUEVFVND tracks the VN Diamond index, which applies different weighting caps to address foreign ownership limits. As of 28/08/2026, E1VFVN30 was priced at 35,670 VND and FUEVFVND at 34,980 VND.
Which ETF has performed better in 2026?
Year-to-date through 28/08/2026, E1VFVN30 is the better performer at -1.16% versus -8.67% for FUEVFVND. However, over the last month, FUEVFVND has been stronger, gaining +7.83% compared to +5.85% for E1VFVN30.
Should I choose a VN30 or VN Diamond ETF?
This decision depends on your risk appetite and investment horizon. The data shows VN30 ETFs have been more resilient in 2026, while the VN Diamond ETF has shown stronger short-term momentum. Review your own objectives and consider using the comparison tool for a deeper side-by-side analysis.
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This content is for informational purposes only and does not constitute personal investment advice.