CBON vs. BEMB
CBON (VanEck Vectors ChinaAMC China Bond ETF) and BEMB (Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF) are both Emerging Markets Bonds funds. CBON is passively managed, while BEMB is actively managed. Over the past 3 years, CBON returned 5.03%/yr vs 7.76%/yr for BEMB. Their 0.31 correlation means their historical movements had little consistent relationship. CBON charges 0.50%/yr vs 0.18%/yr for BEMB.
Performance
CBON vs. BEMB - Performance Comparison
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Returns By Period
In the year-to-date period, CBON achieves a 5.60% return, which is significantly higher than BEMB's 0.71% return.
CBON
- 1D
- -0.01%
- 1M
- 0.21%
- 6M
- 4.91%
- YTD
- 5.60%
- 1Y
- 9.19%
- 3Y*
- 5.03%
- 5Y*
- 2.07%
- 10Y*
- 2.94%
- ALL TIME*
- 2.46%
BEMB
- 1D
- -0.04%
- 1M
- -0.99%
- 6M
- 0.29%
- YTD
- 0.71%
- 1Y
- 5.84%
- 3Y*
- 7.76%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $16.03K | $45.57K | $50.16K | |
| $134.57K | $162.86K | $181.24K |
CBON vs. BEMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CBON VanEck Vectors ChinaAMC China Bond ETF | 5.60% | 5.46% | 1.85% | 2.04% |
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 0.71% | 12.27% | 5.51% | 8.88% |
Correlation
The correlation between CBON and BEMB is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.31 |
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Return for Risk
CBON vs. BEMB — Risk / Return Rank
CBON
BEMB
CBON vs. BEMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC China Bond ETF (CBON) and Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB). 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.
| CBON | BEMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.01 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.27 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 7.18 | 1.71 | +5.47 |
| Martin ratioReturn relative to average drawdown | 27.79 | 6.99 | +20.81 |
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Drawdowns
CBON vs. BEMB - Drawdown Comparison
The maximum CBON drawdown since its inception was -14.13%, which is greater than BEMB's maximum drawdown of -6.17%. Use the drawdown chart below to compare losses from any high point for CBON and BEMB.
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Drawdown Indicators
| CBON | BEMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.13% | -6.17% | -7.96% |
Max Drawdown (1Y)Largest decline over 1 year | -1.34% | -3.67% | +2.33% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -5.52% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -14.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.13% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | -1.28% | +1.24% |
Average DrawdownAverage peak-to-trough decline | -3.94% | -0.93% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 0.89% | -0.54% |
Volatility
CBON vs. BEMB - Volatility Comparison
VanEck Vectors ChinaAMC China Bond ETF (CBON) and Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF (BEMB) have volatilities of 1.22% and 1.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBON | BEMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.22% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 3.68% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 4.37% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.87% | 5.82% | -0.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 5.82% | -0.28% |
CBON vs. BEMB - Expense Ratio Comparison
CBON has a 0.50% expense ratio, which is higher than BEMB's 0.18% expense ratio.
Dividends
CBON vs. BEMB - Dividend Comparison
CBON's dividend yield for the trailing twelve months is around 1.51%, less than BEMB's 6.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEMB Ishares J.P. Morgan Broad USD Emerging Markets Bond ETF | 6.39% | 6.88% | 6.31% | 5.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CBON VanEck Vectors ChinaAMC China Bond ETF | 1.37% | 1.66% | 2.15% | 3.01% | 2.70% | 3.05% | 2.87% | 3.87% | 3.39% | 3.33% | 3.25% | 2.78% |
Frequently Asked Questions
CBON and BEMB have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEMB has higher volatility (1.22%) compared to CBON (1.22%). In terms of maximum drawdown, CBON dropped -14.13% vs BEMB's -6.17%.
On 3-year performance, BEMB leads with 7.76% vs 5.03% for CBON. On fees, BEMB is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BEMB has performed better with a 7.76% return vs 5.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BEMB is cheaper with a 0.18% expense ratio, compared with 0.50% for CBON.
BEMB has the higher dividend yield at 6.39%, compared with 1.37% for CBON.
They also come from different issuers: VanEck and iShares. Their fees differ too: 0.50% for CBON and 0.18% for BEMB.
CBON currently has the higher Sharpe Ratio (2.68 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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