CBON vs. VGT
Compare and contrast key facts about VanEck Vectors ChinaAMC China Bond ETF (CBON) and Vanguard Information Technology ETF (VGT).
CBON and VGT 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. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004. Both CBON and VGT 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 VGT.
Key characteristics
| CBON | VGT | |
|---|---|---|
| YTD Return | 1.78% | 28.88% |
| 1Y Return | 4.05% | 37.56% |
| 3Y Return (Ann) | -0.89% | 12.24% |
| 5Y Return (Ann) | 2.96% | 22.70% |
| 10Y Return (Ann) | 1.91% | 20.89% |
| Sharpe Ratio | 0.99 | 1.95 |
| Sortino Ratio | 1.49 | 2.51 |
| Omega Ratio | 1.18 | 1.35 |
| Calmar Ratio | 0.51 | 2.69 |
| Martin Ratio | 4.92 | 9.68 |
| Ulcer Index | 0.96% | 4.22% |
| Daily Std Dev | 4.76% | 20.95% |
| Max Drawdown | -14.13% | -54.63% |
| Current Drawdown | -5.39% | -0.81% |
Correlation
The correlation between CBON and VGT is 0.15, 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.
Performance
CBON vs. VGT - Performance Comparison
In the year-to-date period, CBON achieves a 1.78% return, which is significantly lower than VGT's 28.88% return. Over the past 10 years, CBON has underperformed VGT with an annualized return of 1.91%, while VGT has yielded a comparatively higher 20.89% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CBON vs. VGT - Expense Ratio Comparison
CBON has a 0.50% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
CBON vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC China Bond ETF (CBON) and Vanguard Information Technology ETF (VGT). 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.
Dividends
CBON vs. VGT - Dividend Comparison
CBON's dividend yield for the trailing twelve months is around 2.11%, more than VGT's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBON VanEck Vectors ChinaAMC China Bond ETF | 2.11% | 3.01% | 2.70% | 3.05% | 2.88% | 3.88% | 3.40% | 3.33% | 3.25% | 2.78% | 0.28% | 0.00% |
VGT Vanguard Information Technology ETF | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
CBON vs. VGT - Drawdown Comparison
The maximum CBON drawdown since its inception was -14.13%, smaller than the maximum VGT drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for CBON and VGT. For additional features, visit the drawdowns tool.
Volatility
CBON vs. VGT - Volatility Comparison
The current volatility for VanEck Vectors ChinaAMC China Bond ETF (CBON) is 1.84%, while Vanguard Information Technology ETF (VGT) has a volatility of 5.97%. This indicates that CBON experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.