VanEck China New Economy ETF (CNEW.AX)

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VanEck China New Economy ETF (CNEW.AX) is up 1.9% since the beginning of the year. CNEW.AX is currently trading at A$8 per share. Investors who bought A$1,000 worth of CNEW.AX shares 5 years ago would now be looking at an investment worth A$918.

VanEck China New Economy ETF (CNEW.AX) has returned 1.87% so far this year and 13.85% over the past 12 months.

Based on dividend-adjusted daily data since Nov 8, 2018, CNEW.AX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.

Historically, 55% of months were positive and 45% were negative. The best month was Sep 2024 with a return of +23.5%, while the worst month was Apr 2022 at -12.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 5 months.

On a daily basis, CNEW.AX closed higher 48% of trading days. The best single day was Sep 30, 2024 with a return of +13.8%, while the worst single day was May 6, 2019 at -7.6%.

VanEck China New Economy ETF has an annualized alpha of 9.10%, beta of 0.07, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 08, 2018.

• This ETF captured 14.76% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -17.24%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.07 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.

CNEW.AX has a high expense ratio of 0.95%, indicating above-average management fees.

CNEW.AX ranks 22 for risk / return — below 22% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

VanEck China New Economy ETF provided a 0.74% dividend yield over the last twelve months, with an annual payout of A$0.06 per share.

The table displays the monthly dividend distributions for VanEck China New Economy 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 VanEck China New Economy 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 China New Economy ETF was 46.20%, occurring on Aug 28, 2024. The portfolio has not yet recovered.

The current VanEck China New Economy ETF drawdown is 13.40%.

The chart below shows the rolling one-month volatility.