CAS vs. CNXT

Last updated Jul 17, 2026

CAS (Simplify China A Shares PLUS Income ETF) and CNXT (VanEck Vectors ChinaAMC SME-ChiNext ETF) are both China Equities funds. CAS is actively managed, while CNXT is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. CAS charges 0.88%/yr vs 0.65%/yr for CNXT.

Performance

CAS vs. CNXT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify China A Shares PLUS Income ETF (CAS) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAS

• 1D: -3.09%
• 1M: -7.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CNXT

• 1D: -4.09%
• 1M: -10.81%
• 6M: 10.95%
• YTD: 18.94%
• 1Y: 76.32%
• 3Y*: 22.42%
• 5Y*: 1.49%
• 10Y*: 5.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAS vs. CNXT - Yearly Performance Comparison

	2026 (YTD)
CAS Simplify China A Shares PLUS Income ETF	-7.21%
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	-9.55%

Correlation

The correlation between CAS and CNXT is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.92

CAS vs. CNXT - Sectors Allocation Comparison

Sectors	CAS	CNXT
Financial Services	40.5%	3.7%
Basic Materials	-	4.9%
Communication Services	-	0.9%
Consumer Cyclical	-	0.6%
Consumer Defensive	-	1.4%
Energy	-	-
Healthcare	-	3.9%
Industrials	-	37.5%
Real Estate	-	-
Technology	-	44.3%
Utilities	-	-

Return for Risk

CAS vs. CNXT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CAS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

CNXT

CNXT Risk / Return Rank: 84
CNXT Sharpe Ratio Rank: 86
CNXT Sortino Ratio Rank: 79
CNXT Omega Ratio Rank: 75
CNXT Calmar Ratio Rank: 91
CNXT Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAS vs. CNXT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	CAS	CNXT	Difference
Sharpe ratio: Return per unit of total volatility	—	2.21	—
Sortino ratio: Return per unit of downside risk	—	2.83	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	4.63	—
Martin ratio: Return relative to average drawdown	—	15.98	—

Drawdowns

CAS vs. CNXT - Drawdown Comparison

The maximum CAS drawdown since its inception was -10.52%, smaller than the maximum CNXT drawdown of -68.98%. Use the drawdown chart below to compare losses from any high point for CAS and CNXT.

Drawdown Indicators

	CAS	CNXT	Difference
Max Drawdown Largest peak-to-trough decline	-10.52%	-68.98%	+58.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.58%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.60%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-61.21%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.30%	—
Current Drawdown Current decline from peak	-10.52%	-16.58%	+6.06%
Average Drawdown Average peak-to-trough decline	-3.57%	-42.58%	+39.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.79%	—

Volatility

Volatility by Period

	CAS	CNXT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.80%	34.75%	-1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.80%	35.92%	-3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.80%	32.02%	+0.78%

CAS vs. CNXT - Expense Ratio Comparison

CAS has a 0.88% expense ratio, which is higher than CNXT's 0.65% expense ratio.

Dividends

CAS vs. CNXT - Dividend Comparison

CAS's dividend yield for the trailing twelve months is around 0.38%, more than CNXT's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAS Simplify China A Shares PLUS Income ETF	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	0.15%	0.18%	0.15%	0.00%	0.00%	9.22%	0.01%	0.45%	0.00%	0.19%

Frequently Asked Questions

Can I hold both CAS and CNXT in my portfolio?

With a correlation of 0.92, CAS and CNXT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CAS or CNXT?

On fees, CNXT is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAS or CNXT?

CNXT is cheaper with a 0.65% expense ratio, compared with 0.88% for CAS.

Which ETF pays a higher dividend yield, CAS or CNXT?

CAS has the higher dividend yield at 0.38%, compared with 0.15% for CNXT.

What is the main difference between CAS and CNXT?

They also come from different issuers: Simplify and VanEck. Their fees differ too: 0.88% for CAS and 0.65% for CNXT.