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Intermediate 8 min readFeb 10, 2025

Comparing VN30 ETFs: E1VFVN30, FUESSV30, FUEKIV30 & FUEMAV30

Detailed comparison of expense ratios (TER), tracking error, liquidity, and foreign flow dynamics across VN30 ETFs.

Four domestic ETFs on HOSE replicate the exact same VN30 Index (the 30 largest blue-chip companies in Vietnam). Which one should you choose for your portfolio?

Side-by-Side Comparison of the 4 VN30 ETFs

Criteria E1VFVN30 FUESSV30 FUEKIV30 FUEMAV30
Fund ManagerDragon Capital (DCVFM)SSIAM (SSI)KIM VietnamMirae Asset (MAFM)
Inception Year2014 (Pioneer)202020222020
Total Expense Ratio (TER)~0.65%/yr~0.55%/yr~0.55%/yr~0.60%/yr
AUM Scale & LiquidityLargest (~6,500B+ VND)Medium-HighHigh institutionalMedium
Best Suited ForMaximum liquidity & tightest spreadLow fee & SSI ecosystemLow fee & Korean institutional backingCoreVN30 exposure

Key Selection Guidelines

  • For Large Orders & Active Rebalancing: Choose E1VFVN30 for its unmatched daily matched volume and deepest orderbook on HOSE.
  • For Long-Term Buy-and-Hold DCA (5–10+ years): FUESSV30 and FUEKIV30 offer a ~0.10%/year lower management fee, which compounds in your favor over multi-year horizons.

Run a live Base-100 return comparison across all four funds in our ETF Side-by-Side Comparison Tool.

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Frequently Asked Questions

Q.Why do the 4 VN30 ETFs have different unit prices (e.g. 24,000 VND vs 34,000 VND)?

Each ETF launched in a different year at an initial par value of 10,000 VND. Because E1VFVN30 launched in 2014, its cumulative NAV per share has grown to ~34,000+ VND, whereas newer funds launched in 2020–2022 trade at lower nominal unit prices. Percentage returns are nearly identical.

Q.Can I hold both E1VFVN30 and FUEVFVND?

Yes. E1VFVN30 provides broad large-cap market beta, while FUEVFVND (VN-Diamond) overweights high-ROE retail, technology (FPT), and private banking leaders. Check their exact overlap in our Portfolio Analyzer.

Disclaimer: This content is for educational and informational purposes only and does not constitute personalized investment advice.

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