- ISIN
- US92189F6271
- CUSIP
- 92189F627
- Issuer
- VanEck
- Inception Date
- Jul 24, 2014
- Region
- Emerging Asia Pacific (China)
- Category
- China Equities, Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- ChiNext Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $103M
Highlights
- Avg. Volume (1M)
- 106K
- Avg. Volume Value (1M)
- $5.58M
Share Price Chart
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Performance
CNXT Performance Chart
VanEck ChiNext Innovators ETF (CNXT) is up 9.3% since the beginning of the year. CNXT is currently trading at $48 per share. Investors who bought $1,000 worth of CNXT shares 5 years ago would now be looking at an investment worth $997.
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Returns By Period
VanEck ChiNext Innovators ETF (CNXT) has returned 9.28% so far this year and 56.49% over the past 12 months. Over the last ten years, CNXT has returned 5.01% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
VanEck ChiNext Innovators ETF
- 1D
- 0.53%
- 1M
- -15.61%
- 6M
- 3.55%
- YTD
- 9.28%
- 1Y
- 56.49%
- 3Y*
- 18.90%
- 5Y*
- -0.07%
- 10Y*
- 5.01%
- ALL TIME*
- 6.44%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
CNXT Monthly Returns History
Based on dividend-adjusted daily data since Jul 24, 2014, CNXT's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 50% of months were positive and 50% were negative. The best month was Sep 2024 with a return of +42.2%, while the worst month was Jan 2016 at -27.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.
On a daily basis, CNXT closed higher 50% of trading days. The best single day was Jul 9, 2015 with a return of +27.0%, while the worst single day was Oct 8, 2024 at -20.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.53% | 0.28% | -1.88% | 16.74% | 9.50% | 7.42% | -23.36% | 9.28% | |||||
| 2025 | -1.75% | 4.56% | -2.67% | -7.28% | 2.73% | 9.26% | 7.00% | 28.18% | 12.36% | -2.42% | -2.83% | 4.78% | 59.31% |
| 2024 | -17.44% | 13.81% | -0.34% | 3.06% | -2.29% | -7.30% | 1.13% | -4.59% | 42.24% | -1.78% | 2.16% | -6.61% | 12.42% |
| 2023 | 13.50% | -9.29% | -0.28% | -3.33% | -8.37% | -0.36% | 2.56% | -7.63% | -4.92% | -2.53% | -0.20% | -1.07% | -21.47% |
| 2022 | -12.21% | -0.91% | -8.91% | -17.33% | 4.61% | 18.33% | -6.82% | -6.35% | -13.60% | -4.05% | 9.22% | 0.54% | -35.58% |
| 2021 | 5.18% | -3.57% | -8.55% | 9.04% | 6.05% | 4.12% | -3.23% | -4.57% | 1.36% | 4.45% | 2.43% | -2.75% | 8.78% |
Benchmark Metrics
VanEck ChiNext Innovators ETF has an annualized alpha of 4.69%, beta of 0.69, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since July 24, 2014.
- This ETF participated in 93.36% of S&P 500 Index downside but only 73.23% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.69 may look defensive, but with R2 of 0.10 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 0.10 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
- 4.69%
- Beta
- 0.69
- R²
- 0.10
- Upside Capture
- 73.23%
- Downside Capture
- 93.36%
Expense Ratio
CNXT has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CNXT ranks 65 for risk / return — above 65% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for VanEck ChiNext Innovators ETF (CNXT) 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.
| CNXT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.00 | +0.33 |
| Martin ratioReturn relative to average drawdown | 8.69 | 8.49 | +0.19 |
Dividends
Dividend History
VanEck ChiNext Innovators ETF provided a 0.16% dividend yield over the last twelve months, with an annual payout of $0.08 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.08 | $0.08 | $0.04 | $0.00 | $0.00 | $4.47 | $0.00 | $0.14 | $0.00 | $0.07 |
Dividend yield | 0.16% | 0.18% | 0.15% | 0.00% | 0.00% | 9.22% | 0.01% | 0.45% | 0.00% | 0.19% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck ChiNext Innovators 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.47 | $4.47 |
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 ChiNext Innovators 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 ChiNext Innovators ETF was 68.98%, occurring on Jan 3, 2019. Recovery took 1874 trading sessions.
The current VanEck ChiNext Innovators ETF drawdown is 23.36%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-68.98%Jan 2019 | 3y 6mo | 7y 5mo | 11y 6dJun 2015 - Jun 2026 | — |
-24.23%Jul 2026 | 28d | — | 1mo 2dJul 2026 - now | — |
-10.47%Apr 2015 | 10d | 5d | 15dApr 2015 - Apr 2015 | — |
-10.28%Dec 2014 | 18d | 21d | 1mo 9dDec 2014 - Jan 2015 | — |
-6.76%May 2015 | 1d | 5d | 6dMay 2015 - Jun 2015 | — |
Drawdown Indicators
| CNXT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.98% | -56.78% | -12.20% |
Max Drawdown (1Y)Largest decline over 1 year | -24.23% | -9.10% | -15.13% |
Max Drawdown (3Y)Largest decline over 3 years | -48.60% | -18.90% | -29.70% |
Max Drawdown (5Y)Largest decline over 5 years | -61.21% | -25.43% | -35.78% |
Max Drawdown (10Y)Largest decline over 10 years | -63.30% | -33.92% | -29.38% |
Current DrawdownCurrent decline from peak | -23.36% | -1.58% | -21.78% |
Average DrawdownAverage peak-to-trough decline | -42.50% | -10.70% | -31.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.51% | 2.14% | +4.37% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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