Correlation
The correlation between CBON and BNDX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
CBON vs. BNDX
Compare and contrast key facts about VanEck Vectors ChinaAMC China Bond ETF (CBON) and Vanguard Total International Bond ETF (BNDX).
CBON and BNDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CBON is a passively managed fund by VanEck that tracks the performance of the ChinaBond China High Quality Bond Index. It was launched on Nov 10, 2014. BNDX is a passively managed fund by Vanguard that tracks the performance of the Barclays Global Aggregate ex-USD Float-Adjusted Index (Hedged). It was launched on May 31, 2013. Both CBON and BNDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CBON or BNDX.
Performance
CBON vs. BNDX - Performance Comparison
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Key characteristics
CBON:
0.72
BNDX:
1.80
CBON:
1.13
BNDX:
2.49
CBON:
1.14
BNDX:
1.31
CBON:
0.51
BNDX:
0.74
CBON:
1.64
BNDX:
7.84
CBON:
2.35%
BNDX:
0.83%
CBON:
5.22%
BNDX:
3.73%
CBON:
-14.13%
BNDX:
-16.23%
CBON:
-3.70%
BNDX:
-2.48%
Returns By Period
The year-to-date returns for both stocks are quite close, with CBON having a 1.72% return and BNDX slightly lower at 1.66%. Over the past 10 years, CBON has underperformed BNDX with an annualized return of 1.85%, while BNDX has yielded a comparatively higher 2.09% annualized return.
CBON
1.72%
1.18%
1.65%
3.44%
0.76%
2.87%
1.85%
BNDX
1.66%
0.22%
0.88%
6.48%
2.89%
0.05%
2.09%
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CBON vs. BNDX - Expense Ratio Comparison
CBON has a 0.50% expense ratio, which is higher than BNDX's 0.07% expense ratio.
Risk-Adjusted Performance
CBON vs. BNDX — Risk-Adjusted Performance Rank
CBON
BNDX
CBON vs. BNDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC China Bond ETF (CBON) and Vanguard Total International Bond ETF (BNDX). 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.
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Dividends
CBON vs. BNDX - Dividend Comparison
CBON's dividend yield for the trailing twelve months is around 1.90%, less than BNDX's 4.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBON VanEck Vectors ChinaAMC China Bond ETF | 1.90% | 2.15% | 3.01% | 2.70% | 3.05% | 2.87% | 3.87% | 3.39% | 3.33% | 3.25% | 2.78% | 0.28% |
BNDX Vanguard Total International Bond ETF | 4.26% | 4.18% | 4.42% | 1.51% | 3.74% | 1.11% | 3.40% | 3.01% | 2.23% | 1.89% | 1.63% | 1.54% |
Drawdowns
CBON vs. BNDX - Drawdown Comparison
The maximum CBON drawdown since its inception was -14.13%, smaller than the maximum BNDX drawdown of -16.23%. Use the drawdown chart below to compare losses from any high point for CBON and BNDX.
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Volatility
CBON vs. BNDX - Volatility Comparison
VanEck Vectors ChinaAMC China Bond ETF (CBON) has a higher volatility of 1.41% compared to Vanguard Total International Bond ETF (BNDX) at 1.24%. This indicates that CBON's price experiences larger fluctuations and is considered to be riskier than BNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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