- ISIN
- IE0000H445G8
- Issuer
- VanEck
- Inception Date
- Sep 24, 2021
- Region
- Asia (China)
- Category
- China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MarketGrader New China Screened Index
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CNEW.L Performance Chart
VanEck New China UCITS ETF (CNEW.L) is down 6.0% since the beginning of the year. CNEW.L is currently trading at $16 per share.
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Returns By Period
VanEck New China UCITS ETF (CNEW.L) has returned -6.01% so far this year and 1.38% over the past 12 months.
VanEck New China UCITS ETF
- 1D
- 2.09%
- 1M
- -1.23%
- 6M
- -10.84%
- YTD
- -6.01%
- 1Y
- 1.38%
- 3Y*
- 1.29%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
CNEW.L Monthly Returns History
Based on dividend-adjusted daily data since Sep 24, 2021, CNEW.L's average daily return is -0.01%, while the average monthly return is -0.13%.
Historically, 49% of months were positive and 51% were negative. The best month was Sep 2024 with a return of +24.9%, while the worst month was Jan 2024 at -15.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, CNEW.L closed higher 48% of trading days. The best single day was Sep 26, 2024 with a return of +9.3%, while the worst single day was Oct 8, 2024 at -11.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.04% | 0.51% | -7.96% | 4.88% | -1.41% | -4.84% | 1.19% | -6.01% | |||||
| 2025 | 2.31% | 1.77% | 1.94% | -5.11% | 5.81% | 5.63% | 5.20% | 11.53% | 0.38% | -3.49% | -1.64% | -1.55% | 23.92% |
| 2024 | -15.05% | 12.37% | -0.45% | 2.88% | -1.77% | -7.72% | -2.03% | -1.74% | 24.89% | -5.00% | 0.71% | -2.26% | -0.36% |
| 2023 | 9.54% | -3.58% | 3.59% | -3.94% | -7.77% | 2.96% | 2.42% | -6.77% | -1.64% | -3.41% | 3.90% | -3.54% | -9.27% |
| 2022 | -11.14% | 2.33% | -11.63% | -9.53% | 5.11% | 9.41% | -11.30% | -3.61% | -10.78% | -5.90% | 17.78% | 1.80% | -28.05% |
| 2021 | 1.25% | -0.15% | 2.07% | 2.90% | 6.19% |
Benchmark Metrics
VanEck New China UCITS ETF has an annualized alpha of -6.30%, beta of 0.31, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since September 24, 2021.
- This ETF participated in 66.56% of S&P 500 Index downside but only 15.36% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.31 may look defensive, but with R2 of 0.04 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 0.04 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
- -6.30%
- Beta
- 0.31
- R²
- 0.04
- Upside Capture
- 15.36%
- Downside Capture
- 66.56%
Expense Ratio
CNEW.L has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CNEW.L ranks 10 for risk / return — in the bottom 10% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck New China UCITS ETF (CNEW.L) 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.
| CNEW.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.31 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | 2.35 | -2.27 |
| Martin ratioReturn relative to average drawdown | 0.18 | 10.19 | -10.01 |
Dividends
Dividend History
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 New China UCITS 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 New China UCITS ETF was 46.53%, occurring on Sep 13, 2024. The portfolio has not yet recovered.
The current VanEck New China UCITS ETF drawdown is 24.46%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-46.53%Sep 2024 | 2y 9mo | — | 4y 7moDec 2021 - now | — |
-3.06%Oct 2021 | 3d | 3d | 6dOct 2021 - Oct 2021 | — |
-2.99%Dec 2021 | 18d | 2d | 20dNov 2021 - Dec 2021 | — |
-2.65%Oct 2021 | 3d | 14d | 17dOct 2021 - Nov 2021 | — |
-1.89%Oct 2021 | 4d | 1d | 5dOct 2021 - Oct 2021 | — |
Drawdown Indicators
| CNEW.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.53% | -56.78% | +10.25% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -9.10% | -7.31% |
Max Drawdown (3Y)Largest decline over 3 years | -28.03% | -18.90% | -9.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -24.46% | -0.49% | -23.97% |
Average DrawdownAverage peak-to-trough decline | -26.53% | -10.70% | -15.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 2.09% | +5.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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