- ISIN
- US92189F3799
- CUSIP
- 92189F379
- Issuer
- VanEck
- Inception Date
- Nov 10, 2014
- Region
- Emerging Asia Pacific (China)
- Category
- Emerging Markets Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ChinaBond China High Quality Bond Index
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $24M
Share Price Chart
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Performance
CBON Performance Chart
VanEck Vectors ChinaAMC China Bond ETF (CBON) is up 5.0% since the beginning of the year. CBON is currently trading at $24 per share. Investors who bought $1,000 worth of CBON shares 5 years ago would now be looking at an investment worth $1,117.
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Returns By Period
VanEck Vectors ChinaAMC China Bond ETF (CBON) has returned 5.02% so far this year and 8.58% over the past 12 months. Over the last ten years, CBON has returned 3.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
VanEck Vectors ChinaAMC China Bond ETF
- 1D
- -0.12%
- 1M
- 0.31%
- YTD
- 5.02%
- 6M
- 5.83%
- 1Y
- 8.58%
- 3Y*
- 5.20%
- 5Y*
- 2.24%
- 10Y*
- 3.00%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
CBON Monthly Returns History
Based on dividend-adjusted daily data since Nov 11, 2014, CBON's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.
Historically, 56% of months were positive and 44% were negative. The best month was Jan 2018 with a return of +4.1%, while the worst month was Aug 2015 at -4.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CBON closed higher 47% of trading days. The best single day was May 9, 2017 with a return of +2.7%, while the worst single day was Aug 12, 2015 at -3.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.66% | 1.84% | -0.14% | 1.09% | 1.81% | -0.32% | 5.02% | ||||||
| 2025 | -0.22% | 0.04% | 0.55% | 0.31% | 1.04% | 0.60% | -0.68% | 1.57% | -0.45% | 0.50% | 0.79% | 1.31% | 5.46% |
| 2024 | -0.40% | 0.18% | -0.57% | 0.55% | 0.41% | -0.36% | 1.47% | 1.90% | 1.43% | -1.48% | -1.16% | -0.07% | 1.85% |
| 2023 | 3.41% | -3.04% | 1.71% | -0.09% | -1.32% | -1.52% | 2.11% | -1.44% | -0.59% | -0.42% | 3.71% | 0.60% | 2.92% |
| 2022 | 0.57% | 0.70% | -0.92% | -4.36% | -0.06% | 0.09% | -0.22% | -2.19% | -3.31% | -2.37% | 1.90% | 2.10% | -7.99% |
| 2021 | 0.79% | -1.13% | -0.35% | 2.06% | 2.16% | -2.02% | 1.27% | 0.62% | 0.04% | 0.46% | 1.44% | 0.55% | 5.93% |
Benchmark Metrics
VanEck Vectors ChinaAMC China Bond ETF has an annualized alpha of 1.90%, beta of 0.05, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since November 11, 2014.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.52%) than losses (9.84%) - typical of diversified or defensive assets.
- Beta of 0.05 may look defensive, but with R2 of 0.03 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 0.03 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.
- Alpha
- 1.90%
- Beta
- 0.05
- R²
- 0.03
- Upside Capture
- 11.52%
- Downside Capture
- 9.84%
Expense Ratio
CBON has an expense ratio of 0.50%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CBON ranks 88 for risk / return — in the top 88% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Vectors ChinaAMC China Bond ETF (CBON) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBON | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.48 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.37 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.44 | 2.78 | +3.65 |
| Martin ratioReturn relative to average drawdown | 24.01 | 12.44 | +11.57 |
Dividends
Dividend History
VanEck Vectors ChinaAMC China Bond ETF provided a 1.53% dividend yield over the last twelve months, with an annual payout of $0.36 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.38 | $0.47 | $0.67 | $0.60 | $0.75 | $0.69 | $0.86 | $0.76 | $0.76 | $0.71 | $0.67 |
Dividend yield | 1.53% | 1.66% | 2.15% | 3.01% | 2.70% | 3.05% | 2.87% | 3.87% | 3.39% | 3.33% | 3.25% | 2.78% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Vectors ChinaAMC China Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.15 | ||||||
| 2025 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.03 | $0.38 |
| 2024 | $0.00 | $0.04 | $0.05 | $0.09 | $0.00 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.09 | $0.47 |
| 2023 | $0.00 | $0.04 | $0.04 | $0.09 | $0.00 | $0.08 | $0.10 | $0.05 | $0.03 | $0.11 | $0.06 | $0.08 | $0.67 |
| 2022 | $0.00 | $0.05 | $0.08 | $0.12 | $0.00 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.07 | $0.60 |
| 2021 | $0.00 | $0.07 | $0.05 | $0.12 | $0.00 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.07 | $0.19 | $0.75 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Vectors ChinaAMC China Bond 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 VanEck Vectors ChinaAMC China Bond ETF was 14.13%, occurring on Nov 3, 2022. Recovery took 793 trading sessions.
The current VanEck Vectors ChinaAMC China Bond ETF drawdown is 0.43%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -14.13%Nov 2022 | 8mo 13d | 3y 2mo | 3y 10moFeb 2022 - Jan 2026 |
2017 correction2017 | -10.77%May 2017 | 1y 9mo | 8mo 22d | 2y 5moAug 2015 - Jan 2018 |
2018 pullback2018 | -8.00%Aug 2018 | 3mo 24d | 1y 6mo | 1y 10moApr 2018 - Mar 2020 |
COVID crash2020 | -3.98%Mar 2020 | 14d | 4mo 2d | 4mo 16dMar 2020 - Jul 2020 |
2015 pullback2015 | -3.80%Feb 2015 | 3mo 17d | 2mo | 5mo 17dNov 2014 - Apr 2015 |
Drawdown Indicators
| CBON | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.13% | -56.78% | +42.65% |
Max Drawdown (1Y)Largest decline over 1 year | -1.34% | -9.10% | +7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -18.90% | +14.34% |
Max Drawdown (5Y)Largest decline over 5 years | -14.13% | -25.43% | +11.30% |
Max Drawdown (10Y)Largest decline over 10 years | -14.13% | -33.92% | +19.79% |
Current DrawdownCurrent decline from peak | -0.43% | -1.80% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -3.98% | -10.71% | +6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 2.03% | -1.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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