- ISIN
- US92189F6271
- CUSIP
- 92189F627
- Issuer
- VanEck
- Inception Date
- Jul 24, 2014
- Region
- Emerging Asia Pacific (China)
- Category
- China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- SME-ChiNext 100 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $137M
Share Price Chart
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Performance
CNXT Performance Chart
VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) is up 42.2% since the beginning of the year. CNXT is currently trading at $62 per share. Investors who bought $1,000 worth of CNXT shares 5 years ago would now be looking at an investment worth $1,311.
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Returns By Period
VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) has returned 42.18% so far this year and 133.47% over the past 12 months. Over the last ten years, CNXT has returned 7.89% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
VanEck Vectors ChinaAMC SME-ChiNext ETF
- 1D
- 2.79%
- 1M
- 12.07%
- YTD
- 42.18%
- 6M
- 40.51%
- 1Y
- 133.47%
- 3Y*
- 30.57%
- 5Y*
- 5.56%
- 10Y*
- 7.89%
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%
CNXT Monthly Returns History
Based on dividend-adjusted daily data since Jul 24, 2014, CNXT's average daily return is +0.06%, while the average monthly return is +1.13%. At this rate, an investment would double in approximately 5.1 years.
Historically, 51% of months were positive and 49% 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% | 7.11% | 42.18% | ||||||
| 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 Vectors ChinaAMC SME-ChiNext ETF has an annualized alpha of 7.02%, 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 80.85% 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
- 7.02%
- Beta
- 0.69
- R²
- 0.10
- Upside Capture
- 73.23%
- Downside Capture
- 80.85%
Expense Ratio
CNXT has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CNXT ranks 95 for risk / return — in the top 95% 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 SME-ChiNext 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 | +2.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.60 | 1.37 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 11.00 | 2.78 | +8.21 |
| Martin ratioReturn relative to average drawdown | 32.51 | 12.44 | +20.08 |
Dividends
Dividend History
VanEck Vectors ChinaAMC SME-ChiNext ETF provided a 0.13% 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 | 0.13% | 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 Vectors ChinaAMC SME-ChiNext 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 | ||||||
| 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 Vectors ChinaAMC SME-ChiNext 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 SME-ChiNext ETF was 68.98%, occurring on Jan 3, 2019. Recovery took 1874 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2019 bear market2019 | -68.98%Jan 2019 | 3y 6mo | 7y 5mo | 11y 6dJun 2015 - Jun 2026 |
2015 correction2015 | -10.47%Apr 2015 | 10d | 5d | 15dApr 2015 - Apr 2015 |
2014 correction2014 | -10.28%Dec 2014 | 18d | 21d | 1mo 9dDec 2014 - Jan 2015 |
2015 pullback2015 | -6.76%May 2015 | 1d | 5d | 6dMay 2015 - Jun 2015 |
2015 pullback2015 | -6.62%Jan 2015 | 7d | 5d | 12dJan 2015 - Feb 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 | -12.21% | -9.10% | -3.11% |
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 | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -42.78% | -10.71% | -32.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 2.03% | +2.09% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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