CBON vs. LMT
CBON (VanEck Vectors ChinaAMC China Bond ETF) is Emerging Markets Bonds fund tracking the ChinaBond China High Quality Bond Index, while LMT (Lockheed Martin Corporation) is a stock. Over the past 10 years, CBON returned 3.01%/yr vs 11.54%/yr for LMT. Their 0.04 correlation means their historical movements had little consistent relationship.
Performance
CBON vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, CBON achieves a 5.29% return, which is significantly lower than LMT's 21.88% return. Over the past 10 years, CBON has underperformed LMT with an annualized return of 3.01%, while LMT has yielded a comparatively higher 11.54% annualized return.
CBON
- 1D
- -0.25%
- 1M
- 0.35%
- 6M
- 4.74%
- YTD
- 5.29%
- 1Y
- 8.54%
- 3Y*
- 4.82%
- 5Y*
- 2.11%
- 10Y*
- 3.01%
- ALL TIME*
- 2.44%
LMT
- 1D
- 2.46%
- 1M
- 15.36%
- 6M
- -0.22%
- YTD
- 21.88%
- 1Y
- 42.06%
- 3Y*
- 11.61%
- 5Y*
- 11.85%
- 10Y*
- 11.54%
- ALL TIME*
- 12.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $207.99K | $136.05K | $172.83K | |
| $682.65M | $676.87M | $688.00M |
CBON vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBON VanEck Vectors ChinaAMC China Bond ETF | 5.29% | 5.46% | 1.85% | 2.92% | -7.99% | 5.93% | 12.01% | 2.67% | 1.88% | 6.96% |
LMT Lockheed Martin Corporation | 21.88% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between CBON and LMT is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.01 |
Correlation (3Y) Balances recent behavior with more history. | -0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2014 | 0.04 |
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Return for Risk
CBON vs. LMT — Risk / Return Rank
CBON
LMT
CBON vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC China Bond ETF (CBON) and Lockheed Martin Corporation (LMT). 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 | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.28 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 6.42 | 1.58 | +4.84 |
| Martin ratioReturn relative to average drawdown | 24.44 | 3.38 | +21.06 |
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Drawdowns
CBON vs. LMT - Drawdown Comparison
The maximum CBON drawdown since its inception was -14.13%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for CBON and LMT.
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Drawdown Indicators
| CBON | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.13% | -79.29% | +65.16% |
Max Drawdown (1Y)Largest decline over 1 year | -1.34% | -26.87% | +25.53% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -31.79% | +27.23% |
Max Drawdown (5Y)Largest decline over 5 years | -14.13% | -31.79% | +17.66% |
Max Drawdown (10Y)Largest decline over 10 years | -14.13% | -36.67% | +22.54% |
Current DrawdownCurrent decline from peak | -0.33% | -13.34% | +13.01% |
Average DrawdownAverage peak-to-trough decline | -3.95% | -26.82% | +22.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.35% | 12.54% | -12.19% |
Volatility
CBON vs. LMT - Volatility Comparison
The current volatility for VanEck Vectors ChinaAMC China Bond ETF (CBON) is 1.06%, while Lockheed Martin Corporation (LMT) has a volatility of 12.24%. This indicates that CBON experiences smaller price fluctuations and is considered to be less risky than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBON | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 12.24% | -11.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 22.08% | -19.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 27.06% | -23.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 23.79% | -18.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.55% | 24.18% | -18.63% |
Dividends
CBON vs. LMT - Dividend Comparison
CBON's dividend yield for the trailing twelve months is around 1.51%, less than LMT's 2.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBON VanEck Vectors ChinaAMC China Bond ETF | 1.51% | 1.66% | 2.15% | 3.01% | 2.70% | 3.05% | 2.87% | 3.87% | 3.39% | 3.33% | 3.25% | 2.78% |
LMT Lockheed Martin Corporation | 2.34% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Frequently Asked Questions
CBON and LMT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMT has higher volatility (12.24%) compared to CBON (1.06%). In terms of maximum drawdown, CBON dropped -14.13% vs LMT's -79.29%.
CBON currently has the higher Sharpe Ratio (2.41 vs 1.57), 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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