Goldman Sachs Access China Government Bond UCITS ETF USD (Dist) (CBND.L)

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Goldman Sachs Access China Government Bond UCITS ETF USD (Dist) (CBND.L) is up 4.9% since the beginning of the year. CBND.L is currently trading at $57 per share. Investors who bought $1,000 worth of CBND.L shares 5 years ago would now be looking at an investment worth $1,151.

Goldman Sachs Access China Government Bond UCITS ETF USD (Dist) (CBND.L) has returned 4.87% so far this year and 7.44% over the past 12 months.

Based on dividend-adjusted daily data since Oct 22, 2019, CBND.L's average daily return is +0.02%, while the average monthly return is +0.36%. At this rate, an investment would double in approximately 16.1 years.

Historically, 67% of months were positive and 33% were negative. The best month was Dec 2022 with a return of +3.5%, while the worst month was Sep 2022 at -3.7%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, CBND.L closed higher 52% of trading days. The best single day was Nov 4, 2022 with a return of +1.8%, while the worst single day was Mar 17, 2022 at -1.5%.

Goldman Sachs Access China Government Bond UCITS ETF USD (Dist) has an annualized alpha of 3.99%, beta of 0.04, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since October 22, 2019.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.76%) than losses (1.47%) - typical of diversified or defensive assets.
• Beta of 0.04 may look defensive, but with R2 of 0.02 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 0.02 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.

CBND.L has an expense ratio of 0.24%, which is considered low.

CBND.L ranks 92 for risk / return — in the top 92% 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.

Goldman Sachs Access China Government Bond UCITS ETF USD (Dist) provided a 2.04% dividend yield over the last twelve months, with an annual payout of $1.16 per share.

The table displays the monthly dividend distributions for Goldman Sachs Access China Government Bond UCITS ETF USD (Dist). 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 Goldman Sachs Access China Government Bond UCITS ETF USD (Dist). 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 Goldman Sachs Access China Government Bond UCITS ETF USD (Dist) was 11.48%, occurring on Nov 3, 2022. Recovery took 471 trading sessions.

The current Goldman Sachs Access China Government Bond UCITS ETF USD (Dist) drawdown is 0.21%.

The chart below shows the rolling one-month volatility.