{"id":74307,"date":"2026-10-08T20:40:33","date_gmt":"2026-10-08T12:40:33","guid":{"rendered":"https:\/\/mister.forex\/?page_id=74307"},"modified":"2026-10-09T00:21:39","modified_gmt":"2026-10-08T16:21:39","slug":"etf-low-correlation-strategy","status":"publish","type":"page","link":"https:\/\/mister.forex\/vi\/etf-low-correlation-strategy\/","title":{"rendered":"\u0110\u1ea7u t\u01b0 ETF: V\u00ec sao n\u00ean \u0111a d\u1ea1ng h\u00f3a b\u1eb1ng chi\u1ebfn l\u01b0\u1ee3c \u00edt t\u01b0\u01a1ng quan?"},"content":{"rendered":"
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\u0110\u1ea7u t\u01b0 ETF d\u00e0i h\u1ea1n: C\u00f3 n\u00ean b\u1ed5 sung chi\u1ebfn l\u01b0\u1ee3c c\u00f3 m\u1ee9c t\u01b0\u01a1ng quan th\u1ea5p?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
\n\u0110\u1ea7u t\u01b0 d\u00e0i h\u1ea1n v\u00e0o qu\u1ef9 ho\u00e1n \u0111\u1ed5i danh m\u1ee5c (ETF) l\u00e0 m\u1ed9t c\u00e1ch t\u01b0\u01a1ng \u0111\u1ed1i \u0111\u01a1n gi\u1ea3n \u0111\u1ec3 t\u1eadn d\u1ee5ng ti\u1ec1m n\u0103ng t\u0103ng tr\u01b0\u1edfng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Tuy nhi\u00ean, ngay c\u1ea3 khi danh m\u1ee5c \u0111\u00e3 ph\u00e2n b\u1ed5 v\u00e0o h\u00e0ng tr\u0103m doanh nghi\u1ec7p, gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n v\u1eabn c\u00f3 th\u1ec3 s\u1ee5t gi\u1ea3m m\u1ea1nh m\u1ed7i khi th\u1ecb tr\u01b0\u1eddng b\u01b0\u1edbc v\u00e0o giai \u0111o\u1ea1n kh\u1ee7ng ho\u1ea3ng.\n

\nKhi quy m\u00f4 t\u00e0i s\u1ea3n \u0111\u1ea7u t\u01b0 ng\u00e0y c\u00e0ng l\u1edbn, c\u00e2u h\u1ecfi kh\u00f4ng c\u00f2n \u0111\u01a1n thu\u1ea7n l\u00e0 \u201cL\u00e0m th\u1ebf n\u00e0o \u0111\u1ec3 \u0111\u1ea1t l\u1ee3i nhu\u1eadn cao h\u01a1n?\u201d. M\u1ed9t v\u1ea5n \u0111\u1ec1 kh\u00e1c c\u0169ng quan tr\u1ecdng kh\u00f4ng k\u00e9m: Li\u1ec7u danh m\u1ee5c c\u1ee7a m\u00ecnh c\u00f3 \u0111ang ph\u1ee5 thu\u1ed9c qu\u00e1 nhi\u1ec1u v\u00e0o di\u1ec5n bi\u1ebfn c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu?<\/strong>\n

\n\u0110i\u1ec1u \u0111\u00f3 kh\u00f4ng c\u00f3 ngh\u0129a l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean t\u1eeb b\u1ecf ETF. Thay v\u00e0o \u0111\u00f3, ch\u00fang ta c\u00f3 th\u1ec3 xem x\u00e9t li\u1ec7u nh\u1eefng ngu\u1ed3n l\u1ee3i nhu\u1eadn kh\u00e1c, \u0111\u1eb7c bi\u1ec7t l\u00e0 c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u00f3 m\u1ee9c t\u01b0\u01a1ng quan th\u1ea5p v\u1edbi c\u1ed5 phi\u1ebfu, c\u00f3 gi\u00fap danh m\u1ee5c \u0111\u01b0\u1ee3c \u0111a d\u1ea1ng h\u00f3a hi\u1ec7u qu\u1ea3 h\u01a1n hay kh\u00f4ng.\n

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1. ETF gi\u00fap \u0111a d\u1ea1ng h\u00f3a c\u1ed5 phi\u1ebfu, nh\u01b0ng kh\u00f4ng lo\u1ea1i b\u1ecf r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng<\/strong><\/h2>\n\nETF c\u1ed5 phi\u1ebfu gi\u00fap gi\u1ea3m r\u1ee7i ro khi v\u1ed1n \u0111\u1ea7u t\u01b0 t\u1eadp trung v\u00e0o m\u1ed9t v\u00e0i doanh nghi\u1ec7p. Tuy nhi\u00ean, n\u1ebfu ph\u1ea7n l\u1edbn t\u00e0i s\u1ea3n v\u1eabn n\u1eb1m trong c\u00e1c ETF c\u1ed5 phi\u1ebfu, k\u1ebft qu\u1ea3 \u0111\u1ea7u t\u01b0 s\u1ebd ti\u1ebfp t\u1ee5c ch\u1ecbu \u1ea3nh h\u01b0\u1edfng \u0111\u00e1ng k\u1ec3 t\u1eeb xu h\u01b0\u1edbng chung c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n.\n

\nCh\u1eb3ng h\u1ea1n, m\u1ed9t ETF theo d\u00f5i nh\u00f3m doanh nghi\u1ec7p v\u1ed1n h\u00f3a l\u1edbn t\u1ea1i M\u1ef9 v\u00e0 m\u1ed9t ETF t\u1eadp trung v\u00e0o c\u1ed5 phi\u1ebfu c\u00f4ng ngh\u1ec7 c\u00f3 th\u1ec3 m\u00f4 ph\u1ecfng hai ch\u1ec9 s\u1ed1 kh\u00e1c nhau. D\u00f9 v\u1eady, c\u1ea3 hai v\u1eabn ch\u1ecbu t\u00e1c \u0111\u1ed9ng t\u1eeb nh\u1eefng y\u1ebfu t\u1ed1 kinh t\u1ebf t\u01b0\u01a1ng t\u1ef1 nh\u01b0 l\u00e3i su\u1ea5t, tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng v\u00e0 t\u00e2m l\u00fd nh\u00e0 \u0111\u1ea7u t\u01b0. Khi th\u1ecb tr\u01b0\u1eddng b\u00e1n th\u00e1o tr\u00ean di\u1ec7n r\u1ed9ng, c\u1ea3 hai qu\u1ef9 \u0111\u1ec1u c\u00f3 th\u1ec3 gi\u1ea3m gi\u00e1 c\u00f9ng l\u00fac.\n

\nN\u1eafm gi\u1eef nhi\u1ec1u ETF kh\u00f4ng \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c danh m\u1ee5c c\u00f3 th\u00eam nhi\u1ec1u ngu\u1ed3n l\u1ee3i nhu\u1eadn th\u1ef1c s\u1ef1 \u0111\u1ed9c l\u1eadp v\u1edbi nhau.<\/strong>\n

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M\u1ee9c s\u1ee5t gi\u1ea3m t\u1ed1i \u0111a trong l\u1ecbch s\u1eed c\u1ee7a m\u1ed9t s\u1ed1 ETF ph\u1ed5 bi\u1ebfn<\/strong><\/h3>\n\nM\u1ee9c s\u1ee5t gi\u1ea3m t\u1ed1i \u0111a (Maximum Drawdown, MDD) l\u00e0 ch\u1ec9 s\u1ed1 \u0111o m\u1ee9c gi\u1ea3m l\u1edbn nh\u1ea5t c\u1ee7a gi\u00e1 tr\u1ecb kho\u1ea3n \u0111\u1ea7u t\u01b0, t\u1eeb m\u1ed9t \u0111\u1ec9nh tr\u01b0\u1edbc \u0111\u00f3 xu\u1ed1ng \u0111\u00e1y ti\u1ebfp theo trong m\u1ed9t kho\u1ea3ng th\u1eddi gian nh\u1ea5t \u0111\u1ecbnh.\n

\nL\u1ecbch s\u1eed c\u00e1c cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh cho th\u1ea5y ngay c\u1ea3 nh\u1eefng ETF c\u1ed5 phi\u1ebfu c\u00f3 m\u1ee9c \u0111\u1ed9 \u0111a d\u1ea1ng h\u00f3a cao c\u0169ng t\u1eebng m\u1ea5t h\u01a1n 50% gi\u00e1 tr\u1ecb trong c\u00e1c \u0111\u1ee3t lao d\u1ed1c nghi\u00eam tr\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng.\n

\n\n\"Bi\u1ec3u\n
\n\n\nNh\u1eefng giai \u0111o\u1ea1n s\u1ee5t gi\u1ea3m \u0111\u00e1ng ch\u00fa \u00fd:<\/strong> SPY (2007\u20132009), QQQ (2000\u20132002), VOO (2020) v\u00e0 Taiwan 0050 (2008).\n

\nL\u01b0u \u00fd v\u1ec1 d\u1eef li\u1ec7u:<\/strong> Bi\u1ec3u \u0111\u1ed3 th\u1ec3 hi\u1ec7n m\u1ee9c s\u1ee5t gi\u1ea3m t\u1ed1i \u0111a \u01b0\u1edbc t\u00ednh c\u1ee7a t\u1eebng ETF k\u1ec3 t\u1eeb khi qu\u1ef9 b\u1eaft \u0111\u1ea7u ho\u1ea1t \u0111\u1ed9ng. Th\u1eddi gian quan s\u00e1t gi\u1eefa c\u00e1c qu\u1ef9 kh\u00f4ng gi\u1ed1ng nhau. K\u1ebft qu\u1ea3 c\u0169ng c\u00f3 th\u1ec3 thay \u0111\u1ed5i t\u00f9y theo c\u00e1ch \u0111i\u1ec1u ch\u1ec9nh c\u1ed5 t\u1ee9c, t\u1ea7n su\u1ea5t d\u1eef li\u1ec7u v\u00e0 ph\u01b0\u01a1ng ph\u00e1p t\u00ednh to\u00e1n. V\u00ec v\u1eady, kh\u00f4ng n\u00ean ch\u1ec9 d\u1ef1a v\u00e0o nh\u1eefng con s\u1ed1 n\u00e0y \u0111\u1ec3 x\u1ebfp h\u1ea1ng m\u1ee9c \u0111\u1ed9 r\u1ee7i ro c\u1ee7a c\u00e1c ETF.\n<\/span>\n

\n\nM\u1ee9c gi\u1ea3m s\u00e2u nh\u1ea5t c\u1ee7a m\u1ed9t ETF k\u1ec3 t\u1eeb ng\u00e0y th\u00e0nh l\u1eadp ch\u01b0a ch\u1eafc \u0111\u00e3 ph\u1ea3n \u00e1nh \u0111\u1ee3t s\u1ee5t gi\u1ea3m nghi\u00eam tr\u1ecdng nh\u1ea5t trong l\u1ecbch s\u1eed c\u1ee7a th\u1ecb tr\u01b0\u1eddng m\u00e0 qu\u1ef9 theo d\u00f5i.<\/strong>\n

\nVOO l\u00e0 m\u1ed9t v\u00ed d\u1ee5 \u0111i\u1ec3n h\u00ecnh. Qu\u1ef9 \u0111\u01b0\u1ee3c ra m\u1eaft v\u00e0o n\u0103m 2010 n\u00ean l\u1ecbch s\u1eed giao d\u1ecbch th\u1ef1c t\u1ebf kh\u00f4ng bao g\u1ed3m cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u n\u0103m 2008. Trong khi \u0111\u00f3, ch\u1ec9 s\u1ed1 S&P 500 m\u00e0 VOO theo d\u00f5i \u0111\u00e3 tr\u1ea3i qua m\u1ee9c gi\u1ea3m s\u00e2u h\u01a1n r\u1ea5t nhi\u1ec1u trong giai \u0111o\u1ea1n n\u00e0y. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 t\u00ecm hi\u1ec3u di\u1ec5n bi\u1ebfn khi \u0111\u00f3 qua d\u1eef li\u1ec7u l\u1ecbch s\u1eed c\u1ee7a ch\u1ec9 s\u1ed1 ho\u1eb7c c\u1ee7a SPY, m\u1ed9t ETF c\u00f3 th\u1eddi gian ho\u1ea1t \u0111\u1ed9ng l\u00e2u h\u01a1n.\n

\nTaiwan 0050 c\u0169ng c\u00f3 gi\u1edbi h\u1ea1n t\u01b0\u01a1ng t\u1ef1. ETF n\u00e0y b\u1eaft \u0111\u1ea7u ho\u1ea1t \u0111\u1ed9ng v\u00e0o n\u0103m 2003, v\u00ec th\u1ebf l\u1ecbch s\u1eed giao d\u1ecbch th\u1ef1c t\u1ebf kh\u00f4ng bao g\u1ed3m nh\u1eefng \u0111\u1ee3t th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0110\u00e0i Loan lao d\u1ed1c tr\u01b0\u1edbc th\u1eddi \u0111i\u1ec3m \u0111\u00f3. Ch\u1eb3ng h\u1ea1n, sau khi bong b\u00f3ng ch\u1ee9ng kho\u00e1n \u0110\u00e0i Loan v\u1ee1 v\u00e0o n\u0103m 1990, ch\u1ec9 s\u1ed1 TAIEX \u0111\u00e3 gi\u1ea3m kho\u1ea3ng 80%. \u0110\u00e2y l\u00e0 m\u1ee9c gi\u1ea3m l\u1ecbch s\u1eed c\u1ee7a ch\u1ec9 s\u1ed1 th\u1ecb tr\u01b0\u1eddng, kh\u00f4ng ph\u1ea3i m\u1ee9c s\u1ee5t gi\u1ea3m th\u1ef1c t\u1ebf hay k\u1ebft qu\u1ea3 m\u00f4 ph\u1ecfng c\u1ee7a ETF Taiwan 0050.\n

\nB\u00e0i h\u1ecdc r\u00fat ra l\u00e0: M\u1ed9t qu\u1ef9 c\u00f3 l\u1ecbch s\u1eed ho\u1ea1t \u0111\u1ed9ng ng\u1eafn v\u00e0 ch\u01b0a tr\u1ea3i qua nh\u1eefng cu\u1ed9c kh\u1ee7ng ho\u1ea3ng l\u1edbn kh\u00f4ng c\u00f3 ngh\u0129a l\u00e0 qu\u1ef9 \u0111\u00f3 \u00edt ch\u1ecbu r\u1ee7i ro tr\u01b0\u1edbc c\u00e1c \u0111\u1ee3t gi\u1ea3m s\u00e2u trong t\u01b0\u01a1ng lai.<\/strong>\n

\nDo \u0111\u00f3, khi \u0111\u00e1nh gi\u00e1 r\u1ee7i ro c\u1ee7a ETF, nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng n\u00ean ch\u1ec9 xem x\u00e9t k\u1ebft qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng c\u1ee7a ri\u00eang qu\u1ef9 m\u00e0 c\u00f2n c\u1ea7n t\u00ecm hi\u1ec3u c\u00e1ch th\u1ecb tr\u01b0\u1eddng c\u01a1 s\u1edf bi\u1ebfn \u0111\u1ed9ng qua nhi\u1ec1u chu k\u1ef3 kinh t\u1ebf.\n

\nNh\u1eefng \u0111i\u1ec1u n\u00e0y kh\u00f4ng ph\u1ee7 nh\u1eadn l\u1ee3i \u00edch c\u1ee7a vi\u1ec7c \u0111\u1ea7u t\u01b0 ETF d\u00e0i h\u1ea1n. Ch\u00fang ch\u1ec9 nh\u1ea5n m\u1ea1nh m\u1ed9t s\u1ef1 kh\u00e1c bi\u1ec7t quan tr\u1ecdng: L\u1ee3i nhu\u1eadn \u0111\u1ea1t \u0111\u01b0\u1ee3c sau nhi\u1ec1u n\u0103m v\u00e0 nh\u1eefng kho\u1ea3n thua l\u1ed7 ph\u1ea3i \u0111\u1ed1i m\u1eb7t tr\u00ean h\u00e0nh tr\u00ecnh \u0111\u00f3 l\u00e0 hai kh\u00eda c\u1ea1nh ri\u00eang bi\u1ec7t c\u1ee7a m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0.<\/strong>\n

\n\u0110\u1ed1i v\u1edbi ng\u01b0\u1eddi \u0111\u00e3 t\u00edch l\u0169y \u0111\u01b0\u1ee3c danh m\u1ee5c c\u00f3 gi\u00e1 tr\u1ecb l\u1edbn, \u0111ang chu\u1ea9n b\u1ecb ngh\u1ec9 h\u01b0u ho\u1eb7c d\u1ef1 \u0111\u1ecbnh r\u00fat ti\u1ec1n \u0111\u1ecbnh k\u1ef3, m\u1ed9t \u0111\u1ee3t s\u1ee5t gi\u1ea3m nghi\u00eam tr\u1ecdng c\u00f3 th\u1ec3 g\u00e2y ra nhi\u1ec1u h\u1ec7 qu\u1ea3 h\u01a1n m\u1ed9t kho\u1ea3n l\u1ed7 t\u1ea1m th\u1eddi tr\u00ean t\u00e0i kho\u1ea3n. N\u00f3 c\u00f2n c\u00f3 th\u1ec3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn th\u1eddi \u0111i\u1ec3m th\u1ef1c hi\u1ec7n v\u00e0 t\u00ednh kh\u1ea3 thi c\u1ee7a c\u00e1c k\u1ebf ho\u1ea1ch t\u00e0i ch\u00ednh.\n

\nT\u1eeb \u0111\u00e2y xu\u1ea5t hi\u1ec7n m\u1ed9t c\u00e2u h\u1ecfi \u0111\u00e1ng c\u00e2n nh\u1eafc: Li\u1ec7u vi\u1ec7c b\u1ed5 sung ngu\u1ed3n l\u1ee3i nhu\u1eadn kh\u00e1c bi\u1ec7t c\u00f3 th\u1ec3 gi\u00fap danh m\u1ee5c b\u1edbt ph\u1ee5 thu\u1ed9c v\u00e0o th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu?<\/strong>\n

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2. Chi\u1ebfn l\u01b0\u1ee3c c\u00f3 m\u1ee9c t\u01b0\u01a1ng quan th\u1ea5p mang l\u1ea1i l\u1ee3i \u00edch g\u00ec?<\/strong><\/h2>\n\n\u0110i\u1ec3m h\u1ea5p d\u1eabn c\u1ee7a m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c c\u00f3 m\u1ee9c t\u01b0\u01a1ng quan th\u1ea5p kh\u00f4ng n\u1eb1m \u1edf kh\u1ea3 n\u0103ng d\u1ef1 \u0111o\u00e1n khi n\u00e0o th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n s\u1ebd s\u1ee5p \u0111\u1ed5. Gi\u00e1 tr\u1ecb ti\u1ec1m n\u0103ng c\u1ee7a n\u00f3 l\u00e0 t\u1ea1o ra ngu\u1ed3n l\u1ee3i nhu\u1eadn kh\u00f4ng ho\u00e0n to\u00e0n ph\u1ee5 thu\u1ed9c v\u00e0o vi\u1ec7c gi\u00e1 c\u1ed5 phi\u1ebfu t\u0103ng<\/strong>.\n

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T\u01b0\u01a1ng quan th\u1ea5p v\u00e0 t\u01b0\u01a1ng quan \u00e2m kh\u00e1c nhau nh\u01b0 th\u1ebf n\u00e0o?<\/strong><\/h3>\n\nT\u01b0\u01a1ng quan ph\u1ea3n \u00e1nh m\u1ee9c \u0111\u1ed9 m\u00e0 l\u1ee3i nhu\u1eadn c\u1ee7a hai kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u00f3 xu h\u01b0\u1edbng bi\u1ebfn \u0111\u1ed9ng c\u00f9ng nhau.\n

\nTrong ph\u00e2n t\u00edch t\u00e0i ch\u00ednh, h\u1ec7 s\u1ed1 t\u01b0\u01a1ng quan (Correlation) n\u1eb1m trong kho\u1ea3ng t\u1eeb -1 \u0111\u1ebfn +1. C\u00f3 th\u1ec3 hi\u1ec3u ba tr\u01b0\u1eddng h\u1ee3p c\u01a1 b\u1ea3n nh\u01b0 sau:\n

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    \n
  • T\u01b0\u01a1ng quan d\u01b0\u01a1ng (g\u1ea7n +1):<\/strong> L\u1ee3i nhu\u1eadn c\u1ee7a hai kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u00f3 xu h\u01b0\u1edbng bi\u1ebfn \u0111\u1ed9ng c\u00f9ng chi\u1ec1u. Khi m\u1ed9t t\u00e0i s\u1ea3n t\u0103ng gi\u00e1, t\u00e0i s\u1ea3n c\u00f2n l\u1ea1i c\u0169ng th\u01b0\u1eddng t\u0103ng; khi gi\u1ea3m, c\u1ea3 hai c\u00f3 th\u1ec3 c\u00f9ng gi\u1ea3m.<\/li>\n
  • T\u01b0\u01a1ng quan th\u1ea5p (g\u1ea7n 0):<\/strong> Kh\u00f4ng t\u1ed3n t\u1ea1i m\u1ed1i quan h\u1ec7 tuy\u1ebfn t\u00ednh r\u00f5 r\u00e0ng v\u00e0 \u1ed5n \u0111\u1ecbnh gi\u1eefa l\u1ee3i nhu\u1eadn c\u1ee7a hai kho\u1ea3n \u0111\u1ea7u t\u01b0. Khi m\u1ed9t t\u00e0i s\u1ea3n t\u0103ng, t\u00e0i s\u1ea3n kia c\u00f3 th\u1ec3 t\u0103ng, gi\u1ea3m ho\u1eb7c g\u1ea7n nh\u01b0 kh\u00f4ng thay \u0111\u1ed5i.<\/li>\n
  • T\u01b0\u01a1ng quan \u00e2m (g\u1ea7n -1):<\/strong> L\u1ee3i nhu\u1eadn c\u00f3 xu h\u01b0\u1edbng bi\u1ebfn \u0111\u1ed9ng ng\u01b0\u1ee3c chi\u1ec1u. Khi m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 t\u0103ng gi\u00e1, kho\u1ea3n c\u00f2n l\u1ea1i th\u01b0\u1eddng c\u00f3 xu h\u01b0\u1edbng gi\u1ea3m.<\/li>\n<\/ul>\n
    \n\nT\u01b0\u01a1ng quan th\u1ea5p kh\u00f4ng \u0111\u1ed3ng ngh\u0129a v\u1edbi t\u01b0\u01a1ng quan \u00e2m.<\/strong>\n

    \n\u0110\u00e2y l\u00e0 \u0111i\u1ec3m \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng \u0111\u1ed1i v\u1edbi nh\u1eefng ng\u01b0\u1eddi \u0111ang n\u1eafm gi\u1eef ETF c\u1ed5 phi\u1ebfu.\n

    \nM\u1ed9t chi\u1ebfn l\u01b0\u1ee3c c\u00f3 m\u1ee9c t\u01b0\u01a1ng quan th\u1ea5p kh\u00f4ng c\u00f3 ngh\u0129a l\u00e0 chi\u1ebfn l\u01b0\u1ee3c \u0111\u00f3 ch\u1eafc ch\u1eafn ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn m\u1ed7i khi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n gi\u1ea3m. \u0110i\u1ec1u n\u00e0y ch\u1ec9 cho th\u1ea5y l\u1ee3i nhu\u1eadn c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c kh\u00f4ng li\u00ean t\u1ee5c bi\u1ebfn \u0111\u1ed9ng theo c\u00f9ng m\u1ed9t h\u01b0\u1edbng v\u1edbi th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu<\/strong>.\n

    \nC\u1ed5 phi\u1ebfu v\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch \u0111\u1ecbnh l\u01b0\u1ee3ng v\u1eabn c\u00f3 th\u1ec3 c\u00f9ng thua l\u1ed7, ngay c\u1ea3 khi h\u1ec7 s\u1ed1 t\u01b0\u01a1ng quan trong qu\u00e1 kh\u1ee9 gi\u1eefa ch\u00fang g\u1ea7n b\u1eb1ng 0. T\u01b0\u01a1ng t\u1ef1, t\u01b0\u01a1ng quan \u00e2m t\u1eebng xu\u1ea5t hi\u1ec7n trong l\u1ecbch s\u1eed c\u0169ng kh\u00f4ng b\u1ea3o \u0111\u1ea3m kh\u1ea3 n\u0103ng b\u1ea3o v\u1ec7 v\u1ed1n trong m\u1ecdi \u0111\u1ee3t th\u1ecb tr\u01b0\u1eddng lao d\u1ed1c.\n

    \nL\u1ee3i \u00edch ti\u1ec1m n\u0103ng \u0111\u1ebfn t\u1eeb vi\u1ec7c k\u1ebft h\u1ee3p c\u00e1c ngu\u1ed3n l\u1ee3i nhu\u1eadn kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o c\u0169ng bi\u1ebfn \u0111\u1ed9ng \u0111\u1ed3ng b\u1ed9, thay v\u00ec k\u1ef3 v\u1ecdng m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 s\u1ebd lu\u00f4n b\u00f9 \u0111\u1eafp \u0111\u01b0\u1ee3c m\u1ecdi t\u1ed5n th\u1ea5t c\u1ee7a kho\u1ea3n \u0111\u1ea7u t\u01b0 kh\u00e1c.\n

    \n\n

    V\u00ec sao t\u01b0\u01a1ng quan th\u1ea5p c\u00f3 th\u1ec3 l\u00e0m gi\u1ea3m bi\u1ebfn \u0111\u1ed9ng c\u1ee7a danh m\u1ee5c?<\/strong><\/h3>\n\n\"So\n

    \n\nH\u00e3y xem x\u00e9t m\u1ed9t danh m\u1ee5c gi\u1ea3 \u0111\u1ecbnh g\u1ed3m hai kho\u1ea3n \u0111\u1ea7u t\u01b0:\n

    \n\n
      \n
    • ETF c\u1ed5 phi\u1ebfu:<\/strong> \u0110\u1ed9 bi\u1ebfn \u0111\u1ed9ng th\u01b0\u1eddng ni\u00ean l\u00e0 20%.<\/li>\n
    • Chi\u1ebfn l\u01b0\u1ee3c thay th\u1ebf:<\/strong> \u0110\u1ed9 bi\u1ebfn \u0111\u1ed9ng th\u01b0\u1eddng ni\u00ean l\u00e0 15%, v\u1edbi h\u1ec7 s\u1ed1 t\u01b0\u01a1ng quan b\u1eb1ng 0 so v\u1edbi ETF.<\/li>\n<\/ul>\n
      \n\nN\u1ebfu to\u00e0n b\u1ed9 v\u1ed1n \u0111\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 v\u00e0o ETF c\u1ed5 phi\u1ebfu, \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng th\u01b0\u1eddng ni\u00ean c\u1ee7a danh m\u1ee5c s\u1ebd l\u00e0 20%.\n

      \nV\u1edbi nh\u1eefng gi\u1ea3 \u0111\u1ecbnh tr\u00ean, n\u1ebfu ph\u00e2n b\u1ed5 80% v\u00e0o ETF v\u00e0 20% v\u00e0o chi\u1ebfn l\u01b0\u1ee3c thay th\u1ebf<\/strong>, \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a to\u00e0n danh m\u1ee5c s\u1ebd gi\u1ea3m xu\u1ed1ng kho\u1ea3ng 16,3%. Khi t\u1ef7 tr\u1ecdng thay \u0111\u1ed5i th\u00e0nh 60% ETF v\u00e0 40% chi\u1ebfn l\u01b0\u1ee3c thay th\u1ebf<\/strong>, m\u1ee9c bi\u1ebfn \u0111\u1ed9ng ti\u1ebfp t\u1ee5c gi\u1ea3m xu\u1ed1ng kho\u1ea3ng 13,4%.\n

      \nT\u1ea1i sao vi\u1ec7c b\u1ed5 sung m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u1ed1n c\u0169ng c\u00f3 r\u1ee7i ro v\u00e0 bi\u1ebfn \u0111\u1ed9ng l\u1ea1i c\u00f3 th\u1ec3 l\u00e0m gi\u1ea3m m\u1ee9c dao \u0111\u1ed9ng c\u1ee7a c\u1ea3 danh m\u1ee5c?\n

      \nB\u1edfi v\u00ec r\u1ee7i ro danh m\u1ee5c kh\u00f4ng ch\u1ec9 ph\u1ee5 thu\u1ed9c v\u00e0o m\u1ee9c \u0111\u1ed9 bi\u1ebfn \u0111\u1ed9ng c\u1ee7a t\u1eebng kho\u1ea3n \u0111\u1ea7u t\u01b0, m\u00e0 c\u00f2n ph\u1ee5 thu\u1ed9c v\u00e0o c\u00e1ch l\u1ee3i nhu\u1eadn c\u1ee7a c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 \u0111\u00f3 bi\u1ebfn \u0111\u1ed9ng trong m\u1ed1i quan h\u1ec7 v\u1edbi nhau.<\/strong>\n

      \nN\u1ebfu hai kho\u1ea3n \u0111\u1ea7u t\u01b0 kh\u00f4ng ph\u1ea3i l\u00fac n\u00e0o c\u0169ng t\u0103ng ho\u1eb7c gi\u1ea3m c\u00f9ng nhau, m\u1ed9t ph\u1ea7n bi\u1ebfn \u0111\u1ed9ng c\u00f3 th\u1ec3 b\u00f9 tr\u1eeb l\u1eabn nhau. Nh\u1edd \u0111\u00f3, gi\u00e1 tr\u1ecb c\u1ee7a to\u00e0n b\u1ed9 danh m\u1ee5c c\u00f3 th\u1ec3 dao \u0111\u1ed9ng \u00edt h\u01a1n.\n

      \n\u0110\u00e2y ch\u00ednh l\u00e0 l\u1ee3i \u00edch \u0111a d\u1ea1ng h\u00f3a ti\u1ec1m n\u0103ng khi\u1ebfn c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u00f3 m\u1ee9c t\u01b0\u01a1ng quan th\u1ea5p \u0111\u00e1ng \u0111\u01b0\u1ee3c nghi\u00ean c\u1ee9u.\n

      \nTuy nhi\u00ean, nh\u1eefng con s\u1ed1 trong bi\u1ec3u \u0111\u1ed3 ch\u1ec9 l\u00e0 v\u00ed d\u1ee5 to\u00e1n h\u1ecdc d\u1ef1a tr\u00ean c\u00e1c gi\u1ea3 \u0111\u1ecbnh c\u1ee5 th\u1ec3, kh\u00f4ng ph\u1ea3i k\u1ebft qu\u1ea3 th\u1ef1c t\u1ebf c\u1ee7a b\u1ea5t k\u1ef3 chi\u1ebfn l\u01b0\u1ee3c n\u00e0o. \u0110\u1ed9 bi\u1ebfn \u0111\u1ed9ng th\u1ea5p h\u01a1n kh\u00f4ng b\u1ea3o \u0111\u1ea3m m\u1ee9c s\u1ee5t gi\u1ea3m t\u1ed1i \u0111a s\u1ebd nh\u1ecf h\u01a1n ho\u1eb7c l\u1ee3i nhu\u1eadn s\u1ebd cao h\u01a1n.<\/strong>\n

      \nKhi \u0111\u01b0a ra quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0 th\u1ef1c t\u1ebf, c\u1ea7n \u0111\u00e1nh gi\u00e1 li\u1ec7u chi\u1ebfn l\u01b0\u1ee3c m\u1edbi c\u00f3 th\u1ef1c s\u1ef1 c\u1ea3i thi\u1ec7n danh m\u1ee5c sau khi t\u00ednh \u0111\u1ebfn l\u1ee3i nhu\u1eadn, ph\u00ed qu\u1ea3n l\u00fd, chi ph\u00ed giao d\u1ecbch v\u00e0 c\u00e1c r\u1ee7i ro li\u00ean quan hay kh\u00f4ng. C\u01a1 c\u1ea5u ph\u00e2n b\u1ed5 m\u1edbi c\u0169ng ph\u1ea3i ph\u00f9 h\u1ee3p v\u1edbi m\u1ee5c ti\u00eau t\u00e0i ch\u00ednh c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0.\n

      \nM\u1ee5c ti\u00eau kh\u00f4ng nh\u1ea5t thi\u1ebft l\u00e0 t\u00ecm ra kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u00f3 l\u1ee3i nhu\u1eadn cao nh\u1ea5t, m\u00e0 l\u00e0 x\u00e2y d\u1ef1ng m\u1ed9t danh m\u1ee5c trong \u0111\u00f3 c\u00e1c ngu\u1ed3n l\u1ee3i nhu\u1eadn kh\u00e1c nhau c\u00f3 th\u1ec3 b\u1ed5 tr\u1ee3 cho nhau.<\/strong>\n

      \n\n\n

      3. L\u1ee3i nhu\u1eadn d\u00e0i h\u1ea1n quan tr\u1ecdng, nh\u01b0ng ki\u1ec3m so\u00e1t c\u00e1c kho\u1ea3n l\u1ed7 l\u1edbn c\u0169ng v\u1eady<\/strong><\/h2>\n\nL\u1ee3i nhu\u1eadn th\u01b0\u1eddng ni\u00ean h\u00f3a l\u00e0 m\u1ed9t ch\u1ec9 s\u1ed1 h\u1eefu \u00edch \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 k\u1ebft qu\u1ea3 \u0111\u1ea7u t\u01b0, nh\u01b0ng kh\u00f4ng th\u1ec3 hi\u1ec7n to\u00e0n b\u1ed9 b\u1ee9c tranh. M\u1ed9t c\u00e2u h\u1ecfi kh\u00e1c c\u0169ng c\u1ea7n \u0111\u01b0\u1ee3c quan t\u00e2m: Sau khi ch\u1ecbu m\u1ed9t kho\u1ea3n l\u1ed7 l\u1edbn, danh m\u1ee5c ph\u1ea3i t\u0103ng bao nhi\u00eau ph\u1ea7n tr\u0103m m\u1edbi c\u00f3 th\u1ec3 tr\u1edf v\u1ec1 gi\u00e1 tr\u1ecb ban \u0111\u1ea7u?<\/strong>\n

      \nGi\u1ea3 s\u1eed gi\u00e1 tr\u1ecb danh m\u1ee5c gi\u1ea3m t\u1eeb 10 t\u1ef7 \u0111\u1ed3ng xu\u1ed1ng c\u00f2n 8 t\u1ef7 \u0111\u1ed3ng. \u0110\u00f3 l\u00e0 m\u1ee9c l\u1ed7 20%. Tuy nhi\u00ean, \u0111\u1ec3 t\u0103ng t\u1eeb 8 t\u1ef7 \u0111\u1ed3ng tr\u1edf l\u1ea1i 10 t\u1ef7 \u0111\u1ed3ng, danh m\u1ee5c c\u1ea7n \u0111\u1ea1t l\u1ee3i nhu\u1eadn 25%, ch\u1ee9 kh\u00f4ng ph\u1ea3i 20%.\n

      \n\n

      Thua l\u1ed7 c\u00e0ng s\u00e2u, h\u00e0nh tr\u00ecnh ph\u1ee5c h\u1ed3i c\u00e0ng kh\u00f3 kh\u0103n<\/strong><\/h3>\n\n\"So\n

      \nSau khi l\u1ed7 10%, kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ea7n t\u0103ng kho\u1ea3ng 11,1% \u0111\u1ec3 tr\u1edf v\u1ec1 gi\u00e1 tr\u1ecb c\u0169. N\u1ebfu gi\u1ea3m 30%, m\u1ee9c t\u0103ng c\u1ea7n thi\u1ebft l\u00ean t\u1edbi kho\u1ea3ng 42,9%. Khi danh m\u1ee5c m\u1ea5t m\u1ed9t n\u1eeda gi\u00e1 tr\u1ecb, t\u1ee9c gi\u1ea3m 50%, n\u00f3 ph\u1ea3i t\u0103ng 100% \u2014 ngh\u0129a l\u00e0 t\u0103ng g\u1ea5p \u0111\u00f4i t\u1eeb m\u1ee9c c\u00f2n l\u1ea1i \u2014 m\u1edbi c\u00f3 th\u1ec3 quay v\u1ec1 \u0111\u1ec9nh tr\u01b0\u1edbc \u0111\u00f3.\n

      \nM\u1ee9c s\u1ee5t gi\u1ea3m c\u00e0ng s\u00e2u th\u00ec t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn c\u1ea7n thi\u1ebft \u0111\u1ec3 ph\u1ee5c h\u1ed3i v\u1ed1n c\u00e0ng l\u1edbn.<\/strong>\n

      \nNh\u00ecn t\u1eeb g\u00f3c \u0111\u1ed9 n\u00e0y, nh\u1eefng \u0111\u1ee3t gi\u1ea3m s\u00e2u c\u1ee7a ETF trong qu\u00e1 kh\u1ee9 \u0111\u01b0\u1ee3c \u0111\u1ec1 c\u1eadp \u1edf ph\u1ea7n \u0111\u1ea7u c\u00e0ng \u0111\u00e1ng ch\u00fa \u00fd. M\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u00f3 tri\u1ec3n v\u1ecdng t\u0103ng tr\u01b0\u1edfng t\u1ed1t trong d\u00e0i h\u1ea1n v\u1eabn c\u00f3 th\u1ec3 tr\u1ea3i qua nh\u1eefng giai \u0111o\u1ea1n thua l\u1ed7 m\u00e0 ph\u1ea3i m\u1ea5t nhi\u1ec1u n\u0103m m\u1edbi ph\u1ee5c h\u1ed3i.\n

      \nTh\u1eddi gian ph\u1ee5c h\u1ed3i k\u00e9o d\u00e0i \u0111\u1eb7c bi\u1ec7t b\u1ea5t l\u1ee3i v\u1edbi nh\u1eefng ng\u01b0\u1eddi c\u1ea7n r\u00fat ti\u1ec1n \u0111\u1ecbnh k\u1ef3 t\u1eeb danh m\u1ee5c ho\u1eb7c ph\u1ea3i th\u1ef1c hi\u1ec7n c\u00e1c ngh\u0129a v\u1ee5 t\u00e0i ch\u00ednh v\u00e0o nh\u1eefng th\u1eddi \u0111i\u1ec3m c\u1ee5 th\u1ec3.\n

      \nV\u00ec v\u1eady, qu\u1ea3n l\u00fd danh m\u1ee5c d\u00e0i h\u1ea1n kh\u00f4ng n\u00ean ch\u1ec9 t\u1eadp trung v\u00e0o vi\u1ec7c theo \u0111u\u1ed5i l\u1ee3i nhu\u1eadn cao h\u01a1n. Quy m\u00f4 t\u1ed5n th\u1ea5t c\u00f3 th\u1ec3 x\u1ea3y ra v\u00e0 \u1ea3nh h\u01b0\u1edfng c\u1ee7a ch\u00fang \u0111\u1ed1i v\u1edbi k\u1ebf ho\u1ea1ch t\u00e0i ch\u00ednh c\u0169ng c\u1ea7n \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 \u0111\u1ea7y \u0111\u1ee7.\n

      \nH\u01b0\u1edbng t\u1edbi m\u1ee9c l\u1ee3i nhu\u1eadn h\u1ee3p l\u00fd \u0111\u1ed3ng th\u1eddi qu\u1ea3n l\u00fd r\u1ee7i ro s\u1ee5t gi\u1ea3m s\u00e2u c\u00f3 th\u1ec3 gi\u00fap nh\u00e0 \u0111\u1ea7u t\u01b0 duy tr\u00ec k\u1ebf ho\u1ea1ch t\u00e0i ch\u00ednh d\u00e0i h\u1ea1n.<\/strong>\n

      \nT\u00ecm hi\u1ec3u nh\u1eefng ngu\u1ed3n l\u1ee3i nhu\u1eadn kh\u00e1c nhau l\u00e0 m\u1ed9t trong c\u00e1c h\u01b0\u1edbng ti\u1ebfp c\u1eadn c\u00f3 th\u1ec3 c\u00e2n nh\u1eafc. Kh\u00f4ng ph\u1ea3i v\u00ec t\u1ed3n t\u1ea1i chi\u1ebfn l\u01b0\u1ee3c ho\u00e0n to\u00e0n tr\u00e1nh \u0111\u01b0\u1ee3c thua l\u1ed7, m\u00e0 v\u00ec s\u1ef1 k\u1ebft h\u1ee3p ph\u00f9 h\u1ee3p c\u00f3 th\u1ec3 l\u00e0m gi\u1ea3m m\u1ee9c \u0111\u1ed9 ph\u1ee5 thu\u1ed9c v\u00e0o m\u1ed9t y\u1ebfu t\u1ed1 r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng duy nh\u1ea5t.\n

      \n\n\n

      4. \u0110\u00e1nh gi\u00e1 k\u1ebft qu\u1ea3 giao d\u1ecbch th\u1ef1c t\u1ebf c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng nh\u01b0 th\u1ebf n\u00e0o?<\/strong><\/h2>\n\nSau khi hi\u1ec3u vai tr\u00f2 c\u1ee7a t\u01b0\u01a1ng quan v\u00e0 m\u1ee9c s\u1ee5t gi\u1ea3m t\u1ed1i \u0111a, b\u01b0\u1edbc ti\u1ebfp theo l\u00e0 x\u00e1c \u0111\u1ecbnh xem m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch \u0111\u1ecbnh l\u01b0\u1ee3ng c\u1ee5 th\u1ec3 c\u00f3 th\u1ef1c s\u1ef1 ph\u00f9 h\u1ee3p \u0111\u1ec3 b\u1ed5 sung v\u00e0o danh m\u1ee5c hay kh\u00f4ng.\n

      \nH\u00e3y b\u1eaft \u0111\u1ea7u b\u1eb1ng l\u1ecbch s\u1eed giao d\u1ecbch th\u1ef1c t\u1ebf c\u00f3 th\u1ec3 ki\u1ec3m ch\u1ee9ng, thay v\u00ec ch\u1ec9 nh\u00ecn v\u00e0o t\u1ef7 su\u1ea5t l\u1ee3i nhu\u1eadn th\u01b0\u1eddng ni\u00ean \u0111\u01b0\u1ee3c qu\u1ea3ng b\u00e1.<\/strong>\n

      \nNh\u1eefng n\u1ec1n t\u1ea3ng theo d\u00f5i hi\u1ec7u qu\u1ea3 giao d\u1ecbch c\u1ee7a b\u00ean th\u1ee9 ba, ch\u1eb3ng h\u1ea1n Myfxbook, c\u00f3 th\u1ec3 h\u1ed7 tr\u1ee3 nh\u00e0 \u0111\u1ea7u t\u01b0 xem x\u00e9t l\u1ecbch s\u1eed giao d\u1ecbch v\u00e0 c\u00e1c th\u1ed1ng k\u00ea hi\u1ec7u su\u1ea5t. C\u00e1c th\u00f4ng tin n\u00e0y gi\u00fap h\u00ecnh dung r\u00f5 h\u01a1n chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 t\u1ea1o ra l\u1ee3i nhu\u1eadn nh\u01b0 th\u1ebf n\u00e0o v\u00e0 ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng r\u1ee7i ro g\u00ec trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng th\u1ef1c t\u1ebf.\n

      \nTuy nhi\u00ean, vi\u1ec7c l\u1ecbch s\u1eed giao d\u1ecbch \u0111\u01b0\u1ee3c m\u1ed9t n\u1ec1n t\u1ea3ng b\u00ean th\u1ee9 ba x\u00e1c minh kh\u00f4ng \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 \u0111\u01b0\u1ee3c ki\u1ec3m to\u00e1n t\u00e0i ch\u00ednh \u0111\u1ed9c l\u1eadp. \u0110i\u1ec1u \u0111\u00f3 c\u0169ng kh\u00f4ng t\u1ea1o ra b\u1ea5t k\u1ef3 s\u1ef1 b\u1ea3o \u0111\u1ea3m n\u00e0o v\u1ec1 k\u1ebft qu\u1ea3 trong t\u01b0\u01a1ng lai.\n

      \n\n

      \u0110\u1eebng ch\u1ec9 nh\u00ecn v\u00e0o con s\u1ed1 l\u1ee3i nhu\u1eadn \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1<\/strong><\/h3>\n\nKhi \u0111\u00e1nh gi\u00e1 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng, c\u00f3 b\u1ed1n v\u1ea5n \u0111\u1ec1 \u0111\u1eb7c bi\u1ec7t \u0111\u00e1ng quan t\u00e2m:\n

      \n\n
        \n
      • L\u1ecbch s\u1eed giao d\u1ecbch th\u1ef1c t\u1ebf:<\/strong> Chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 \u0111\u01b0\u1ee3c v\u1eadn h\u00e0nh b\u1eb1ng v\u1ed1n th\u1ef1c trong bao l\u00e2u? N\u00f3 \u0111\u00e3 tr\u1ea3i qua nh\u1eefng \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng kh\u00e1c nhau, bao g\u1ed3m c\u1ea3 c\u00e1c giai \u0111o\u1ea1n bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh, hay ch\u01b0a?<\/li>\n
      • L\u1ee3i nhu\u1eadn v\u00e0 m\u1ee9c s\u1ee5t gi\u1ea3m t\u1ed1i \u0111a:<\/strong> \u0110\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c k\u1ebft qu\u1ea3 \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, chi\u1ebfn l\u01b0\u1ee3c t\u1eebng ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi nh\u1eefng kho\u1ea3n l\u1ed7 t\u1ea1m th\u1eddi v\u00e0 m\u1ee9c suy gi\u1ea3m v\u1ed1n l\u1edbn \u0111\u1ebfn \u0111\u00e2u?<\/li>\n
      • \u0110\u00f2n b\u1ea9y, m\u1ee9c \u0111\u1ed9 ph\u01a1i nhi\u1ec5m r\u1ee7i ro v\u00e0 chi ph\u00ed:<\/strong> Chi\u1ebfn l\u01b0\u1ee3c c\u00f3 s\u1eed d\u1ee5ng \u0111\u00f2n b\u1ea9y ho\u1eb7c duy tr\u00ec c\u00e1c v\u1ecb th\u1ebf m\u1edf v\u1edbi quy m\u00f4 l\u1edbn kh\u00f4ng? Ph\u00ed qu\u1ea3n l\u00fd v\u00e0 chi ph\u00ed giao d\u1ecbch c\u1ee5 th\u1ec3 l\u00e0 bao nhi\u00eau?<\/li>\n
      • T\u01b0\u01a1ng quan v\u1edbi c\u00e1c ETF \u0111ang n\u1eafm gi\u1eef:<\/strong> Bi\u1ebfn \u0111\u1ed9ng l\u1ee3i nhu\u1eadn c\u1ee7a chi\u1ebfn l\u01b0\u1ee3c c\u00f3 \u0111\u1ee7 kh\u00e1c bi\u1ec7t so v\u1edbi danh m\u1ee5c hi\u1ec7n t\u1ea1i \u0111\u1ec3 mang l\u1ea1i l\u1ee3i \u00edch \u0111a d\u1ea1ng h\u00f3a th\u1ef1c ch\u1ea5t hay kh\u00f4ng?<\/li>\n<\/ul>\n
        \n\nL\u1ecbch s\u1eed giao d\u1ecbch th\u1ef1c t\u1ebf cung c\u1ea5p b\u1eb1ng ch\u1ee9ng tr\u1ef1c ti\u1ebfp h\u01a1n v\u1ec1 c\u00e1c giao d\u1ecbch \u0111\u00e3 \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n so v\u1edbi k\u1ebft qu\u1ea3 m\u00f4 ph\u1ecfng \u0111\u01a1n thu\u1ea7n. D\u00f9 v\u1eady, hi\u1ec7u qu\u1ea3 trong qu\u00e1 kh\u1ee9 kh\u00f4ng b\u1ea3o \u0111\u1ea3m l\u1ee3i nhu\u1eadn trong t\u01b0\u01a1ng lai.<\/strong>\n

        \nN\u1ebfu d\u1eef li\u1ec7u hi\u1ec7u su\u1ea5t \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1 bao g\u1ed3m k\u1ebft qu\u1ea3 ki\u1ec3m \u0111\u1ecbnh tr\u00ean d\u1eef li\u1ec7u l\u1ecbch s\u1eed (backtest) ho\u1eb7c c\u00e1c giai \u0111o\u1ea1n m\u00f4 ph\u1ecfng, nh\u1eefng ph\u1ea7n n\u00e0y c\u1ea7n \u0111\u01b0\u1ee3c t\u00e1ch bi\u1ec7t r\u00f5 r\u00e0ng v\u1edbi k\u1ebft qu\u1ea3 giao d\u1ecbch b\u1eb1ng v\u1ed1n th\u1ef1c.\n

        \n\u0110\u1ed1i v\u1edbi ng\u01b0\u1eddi \u0111\u00e3 \u0111\u1ea7u t\u01b0 v\u00e0o ETF, m\u1ee5c \u0111\u00edch xem x\u00e9t m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c m\u1edbi kh\u00f4ng nh\u1ea5t thi\u1ebft l\u00e0 t\u00ecm ra chi\u1ebfn l\u01b0\u1ee3c c\u00f3 l\u1ee3i nhu\u1eadn cao nh\u1ea5t. \u0110i\u1ec1u quan tr\u1ecdng h\u01a1n l\u00e0 x\u00e1c \u0111\u1ecbnh li\u1ec7u chi\u1ebfn l\u01b0\u1ee3c \u0111\u00f3 c\u00f3 b\u1ed5 sung \u0111\u01b0\u1ee3c ngu\u1ed3n l\u1ee3i nhu\u1eadn h\u1eefu \u00edch v\u00e0 kh\u00e1c bi\u1ec7t, v\u1edbi m\u1ee9c r\u1ee7i ro ch\u1ea5p nh\u1eadn \u0111\u01b0\u1ee3c, hay kh\u00f4ng.\n

        \n\n\n

        5. C\u00f3 th\u1ef1c s\u1ef1 c\u1ea7n th\u00eam chi\u1ebfn l\u01b0\u1ee3c kh\u00e1c ngo\u00e0i ETF?<\/strong><\/h2>\n\nKh\u00f4ng ph\u1ea3i nh\u00e0 \u0111\u1ea7u t\u01b0 ETF n\u00e0o c\u0169ng c\u1ea7n b\u1ed5 sung m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng v\u00e0o danh m\u1ee5c.\n

        \nN\u1ebfu c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 hi\u1ec7n t\u1ea1i \u0111\u00e3 \u0111\u00e1p \u1ee9ng m\u1ee5c ti\u00eau t\u00e0i ch\u00ednh, kh\u1ea3 n\u0103ng ch\u1ea5p nh\u1eadn r\u1ee7i ro v\u00e0 nhu c\u1ea7u thanh kho\u1ea3n c\u1ee7a b\u1ea1n, vi\u1ec7c duy tr\u00ec c\u01a1 c\u1ea5u ph\u00e2n b\u1ed5 \u0111ang c\u00f3 ho\u00e0n to\u00e0n c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t quy\u1ebft \u0111\u1ecbnh h\u1ee3p l\u00fd.\n

        \nTuy nhi\u00ean, khi gi\u00e1 tr\u1ecb danh m\u1ee5c ng\u00e0y c\u00e0ng l\u1edbn, b\u1ea1n n\u00ean t\u1ef1 \u0111\u1eb7t ra m\u1ed9t s\u1ed1 c\u00e2u h\u1ecfi:\n

        \n\n
          \n
        1. M\u1ee9c \u0111\u1ed9 ph\u1ee5 thu\u1ed9c v\u00e0o th\u1ecb tr\u01b0\u1eddng:<\/strong> Bao nhi\u00eau ph\u1ea7n t\u00e0i s\u1ea3n c\u1ee7a m\u00ecnh \u0111ang ph\u1ee5 thu\u1ed9c tr\u1ef1c ti\u1ebfp v\u00e0o k\u1ebft qu\u1ea3 c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu?<\/li>\n
        2. Kh\u1ea3 n\u0103ng ch\u1ecbu \u0111\u1ef1ng thua l\u1ed7:<\/strong> N\u1ebfu danh m\u1ee5c gi\u1ea3m gi\u00e1 tr\u1ecb nghi\u00eam tr\u1ecdng, k\u1ebf ho\u1ea1ch ngh\u1ec9 h\u01b0u, c\u00e1c kho\u1ea3n r\u00fat ti\u1ec1n d\u1ef1 ki\u1ebfn ho\u1eb7c nh\u1eefng m\u1ee5c ti\u00eau t\u00e0i ch\u00ednh kh\u00e1c c\u00f3 b\u1ecb \u1ea3nh h\u01b0\u1edfng kh\u00f4ng?<\/li>\n
        3. Kh\u1ea3 n\u0103ng ki\u1ec3m ch\u1ee9ng v\u00e0 qu\u1ea3n tr\u1ecb r\u1ee7i ro:<\/strong> Chi\u1ebfn l\u01b0\u1ee3c \u0111ang \u0111\u01b0\u1ee3c c\u00e2n nh\u1eafc c\u00f3 l\u1ecbch s\u1eed giao d\u1ecbch th\u1ef1c t\u1ebf c\u00f3 th\u1ec3 x\u00e1c minh v\u00e0 h\u1ec7 th\u1ed1ng ki\u1ec3m so\u00e1t r\u1ee7i ro \u0111\u00e1ng tin c\u1eady hay kh\u00f4ng?<\/li>\n
        4. L\u1ee3i \u00edch \u0111\u1ed1i v\u1edbi to\u00e0n danh m\u1ee5c:<\/strong> Sau khi t\u00ednh \u0111\u1ebfn chi ph\u00ed v\u00e0 r\u1ee7i ro, vi\u1ec7c b\u1ed5 sung chi\u1ebfn l\u01b0\u1ee3c c\u00f3 th\u1ef1c s\u1ef1 c\u1ea3i thi\u1ec7n c\u01a1 c\u1ea5u ph\u00e2n b\u1ed5 t\u00e0i s\u1ea3n t\u1ed5ng th\u1ec3 kh\u00f4ng?<\/li>\n<\/ol>\n
          \n\nCh\u1ec9 ri\u00eang m\u1ee9c t\u01b0\u01a1ng quan th\u1ea5p ch\u01b0a \u0111\u1ee7 \u0111\u1ec3 tr\u1edf th\u00e0nh l\u00fd do quy\u1ebft \u0111\u1ecbnh \u0111\u1ea7u t\u01b0.<\/strong>\n

          \nM\u1ed9t chi\u1ebfn l\u01b0\u1ee3c m\u1edbi ch\u1ec9 \u0111\u00e1ng xem x\u00e9t khi ti\u1ec1m n\u0103ng l\u1ee3i nhu\u1eadn, \u0111\u1eb7c \u0111i\u1ec3m r\u1ee7i ro v\u00e0 c\u00e1c \u0111i\u1ec1u ki\u1ec7n tri\u1ec3n khai th\u1ef1c t\u1ebf ph\u00f9 h\u1ee3p v\u1edbi m\u1ee5c ti\u00eau c\u0169ng nh\u01b0 ho\u00e0n c\u1ea3nh t\u00e0i ch\u00ednh c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0.\n

          \n\n\n

          K\u1ebft lu\u1eadn: Ti\u1ebfp t\u1ee5c n\u1eafm gi\u1eef ETF, nh\u01b0ng m\u1edf r\u1ed9ng g\u00f3c nh\u00ecn v\u1ec1 \u0111a d\u1ea1ng h\u00f3a<\/strong><\/h2>\n\n\u0110\u1ea7u t\u01b0 ETF d\u00e0i h\u1ea1n v\u1eabn l\u00e0 m\u1ed9t ph\u01b0\u01a1ng ph\u00e1p ph\u00f9 h\u1ee3p \u0111\u1ed1i v\u1edbi nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0. Vi\u1ec7c t\u00ecm hi\u1ec3u c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u00f3 m\u1ee9c t\u01b0\u01a1ng quan th\u1ea5p kh\u00f4ng c\u00f3 ngh\u0129a l\u00e0 b\u1ea1n ph\u1ea3i b\u00e1n nh\u1eefng ETF \u0111ang n\u1eafm gi\u1eef.\n

          \nC\u00e2u h\u1ecfi \u0111\u00e1ng quan t\u00e2m h\u01a1n l\u00e0:\n

          \n\u201cLi\u1ec7u danh m\u1ee5c c\u1ee7a m\u00ecnh c\u00f3 \u0111ang ph\u1ee5 thu\u1ed9c qu\u00e1 nhi\u1ec1u v\u00e0o c\u00f9ng nh\u1eefng y\u1ebfu t\u1ed1 th\u1ecb tr\u01b0\u1eddng v\u00e0 ngu\u1ed3n l\u1ee3i nhu\u1eadn t\u01b0\u01a1ng t\u1ef1? Vi\u1ec7c b\u1ed5 sung m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c kh\u00e1c bi\u1ec7t c\u00f3 th\u1ec3 gi\u00fap m\u00ecnh h\u01b0\u1edbng t\u1edbi t\u0103ng tr\u01b0\u1edfng t\u00e0i s\u1ea3n d\u00e0i h\u1ea1n, \u0111\u1ed3ng th\u1eddi qu\u1ea3n l\u00fd r\u1ee7i ro hi\u1ec7u qu\u1ea3 h\u01a1n hay kh\u00f4ng?\u201d<\/strong>\n

          \n\u0110\u1ed1i v\u1edbi nh\u1eefng ng\u01b0\u1eddi \u0111\u00e3 x\u00e2y d\u1ef1ng danh m\u1ee5c ETF v\u1edbi t\u1ea7m nh\u00ecn d\u00e0i h\u1ea1n, hi\u1ec3u r\u00f5 m\u1ee9c s\u1ee5t gi\u1ea3m t\u1ed1i \u0111a trong l\u1ecbch s\u1eed, t\u01b0\u01a1ng quan gi\u1eefa c\u00e1c ngu\u1ed3n l\u1ee3i nhu\u1eadn v\u00e0 t\u00e1c \u0111\u1ed9ng c\u1ee7a nh\u1eefng t\u1ef7 tr\u1ecdng ph\u00e2n b\u1ed5 kh\u00e1c nhau l\u00e0 \u0111i\u1ec3m kh\u1edfi \u0111\u1ea7u thi\u1ebft th\u1ef1c \u0111\u1ec3 c\u1ea3i thi\u1ec7n c\u1ea5u tr\u00fac danh m\u1ee5c.\n

          \nKhi nghi\u00ean c\u1ee9u c\u00e1c chi\u1ebfn l\u01b0\u1ee3c c\u00f3 m\u1ee9c t\u01b0\u01a1ng quan th\u1ea5p, h\u00e3y \u01b0u ti\u00ean ba y\u1ebfu t\u1ed1:\n

          \n\n
            \n
          • K\u1ebft qu\u1ea3 giao d\u1ecbch th\u1ef1c t\u1ebf c\u00f3 th\u1ec3 ki\u1ec3m ch\u1ee9ng:<\/strong> Xem x\u00e9t c\u00e1c giao d\u1ecbch \u0111\u00e3 th\u1ef1c hi\u1ec7n, \u0111\u1ed9 d\u00e0i c\u1ee7a l\u1ecbch s\u1eed ho\u1ea1t \u0111\u1ed9ng v\u00e0 nh\u1eefng kho\u1ea3n chi ph\u00ed li\u00ean quan.<\/li>\n
          • L\u1ecbch s\u1eed r\u1ee7i ro v\u00e0 s\u1ee5t gi\u1ea3m v\u1ed1n:<\/strong> Ph\u00e2n t\u00edch c\u00e1ch chi\u1ebfn l\u01b0\u1ee3c v\u1eadn h\u00e0nh v\u00e0 nh\u1eefng kho\u1ea3n l\u1ed7 t\u1eebng ph\u00e1t sinh trong c\u00e1c \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng kh\u00e1c nhau.<\/li>\n
          • T\u01b0\u01a1ng quan v\u1edbi c\u00e1c ETF trong danh m\u1ee5c:<\/strong> So s\u00e1nh l\u1ee3i nhu\u1eadn trong c\u00f9ng nh\u1eefng kho\u1ea3ng th\u1eddi gian \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 li\u1ec7u chi\u1ebfn l\u01b0\u1ee3c c\u00f3 th\u1ec3 mang l\u1ea1i l\u1ee3i \u00edch \u0111a d\u1ea1ng h\u00f3a \u0111\u00e1ng k\u1ec3 hay kh\u00f4ng.<\/li>\n<\/ul>\n
            \n\nCh\u00fang t\u00f4i lu\u00f4n s\u1eb5n s\u00e0ng trao \u0111\u1ed5i nh\u1eefng g\u00f3c nh\u00ecn v\u1ec1 nghi\u00ean c\u1ee9u chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ecbnh l\u01b0\u1ee3ng, qu\u1ea3n tr\u1ecb r\u1ee7i ro v\u00e0 x\u00e2y d\u1ef1ng danh m\u1ee5c \u0111\u1ea7u t\u01b0, nh\u1eb1m gi\u00fap c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 quan t\u00e2m c\u00f3 th\u00eam th\u00f4ng tin v\u00e0 c\u01a1 s\u1edf \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 nh\u1eefng l\u1ef1a ch\u1ecdn kh\u00e1c nhau.\n

            \nM\u1ed9t danh m\u1ee5c \u0111\u01b0\u1ee3c x\u00e2y d\u1ef1ng t\u1ed1t kh\u00f4ng ch\u1ec9 h\u01b0\u1edbng t\u1edbi t\u1ea1o ra l\u1ee3i nhu\u1eadn. \u0110i\u1ec1u quan tr\u1ecdng kh\u00f4ng k\u00e9m l\u00e0 qu\u1ea3n l\u00fd r\u1ee7i ro trong su\u1ed1t h\u00e0nh tr\u00ecnh \u0111\u1ea1t \u0111\u01b0\u1ee3c c\u00e1c m\u1ee5c ti\u00eau t\u00e0i ch\u00ednh d\u00e0i h\u1ea1n.<\/strong>\n<\/span><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

            ETF gi\u00fap \u0111a d\u1ea1ng h\u00f3a c\u1ed5 phi\u1ebfu nh\u01b0ng kh\u00f4ng lo\u1ea1i b\u1ecf r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng. T\u00ecm hi\u1ec3u m\u1ee9c s\u1ee5t gi\u1ea3m t\u1ed1i \u0111a (MDD), t\u01b0\u01a1ng quan, bi\u1ebfn \u0111\u1ed9ng danh m\u1ee5c v\u00e0 hi\u1ec7u qu\u1ea3 giao d\u1ecbch th\u1ef1c t\u1ebf.<\/p>","protected":false},"author":1,"featured_media":74314,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"tags":[],"class_list":["post-74307","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/pages\/74307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/comments?post=74307"}],"version-history":[{"count":22,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/pages\/74307\/revisions"}],"predecessor-version":[{"id":74335,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/pages\/74307\/revisions\/74335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/media\/74314"}],"wp:attachment":[{"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/media?parent=74307"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mister.forex\/vi\/wp-json\/wp\/v2\/tags?post=74307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}