ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK)

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The chart shows the growth of an initial investment of HK$10,000 in ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK) has returned 2.56% so far this year and 7.96% over the past 12 months. Over the last ten years, 3199.HK has returned 2.43% per year, falling short of the S&P 500 Index benchmark, which averaged 12.28% annually.

Based on dividend-adjusted daily data since Feb 19, 2014, 3199.HK's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, your investment would double in approximately 26.3 years.

Historically, 55% of months were positive and 45% were negative. The best month was Jan 2023 with a return of +4.1%, while the worst month was Apr 2022 at -3.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, 3199.HK closed higher 46% of trading days. The best single day was Aug 13, 2015 with a return of +2.2%, while the worst single day was Aug 12, 2015 at -4.3%.

ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF has an annualized alpha of 2.37%, beta of 0.02, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 20, 2014.

• This ETF participated in 12.96% of S&P 500 Index downside but only 12.63% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.02 may look defensive, but with R² of 0.00 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.00 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

3199.HK has an expense ratio of 0.62%, placing it in the medium range.

3199.HK ranks 86 for risk / return — in the top 86% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF (3199.HK) and compare them to a chosen benchmark (S&P 500 Index).

ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF provided a 3.33% dividend yield over the last twelve months, with an annual payout of HK$3.93 per share.

The table displays the monthly dividend distributions for ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF was 11.05%, occurring on Oct 25, 2022. Recovery took 404 trading sessions.

The current ICBC CSOP FTSE Chinese Government and Policy Bank Bond Index ETF drawdown is 1.05%.

The chart below shows the rolling one-month volatility.