CBON vs. VTIP
CBON (VanEck Vectors ChinaAMC China Bond ETF) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - CBON is a Emerging Markets Bonds fund tracking the ChinaBond China High Quality Bond Index, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 10 years, CBON returned 2.99%/yr vs 3.03%/yr for VTIP. At a 0.14 correlation, their price movements are largely independent. CBON charges 0.50%/yr vs 0.03%/yr for VTIP.
Performance
CBON vs. VTIP - Performance Comparison
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Returns By Period
In the year-to-date period, CBON achieves a 4.99% return, which is significantly higher than VTIP's 1.36% return. Both investments have delivered pretty close results over the past 10 years, with CBON having a 2.99% annualized return and VTIP not far ahead at 3.03%.
CBON
- 1D
- -0.03%
- 1M
- 0.28%
- YTD
- 4.99%
- 6M
- 5.50%
- 1Y
- 8.46%
- 3Y*
- 5.19%
- 5Y*
- 2.17%
- 10Y*
- 2.99%
VTIP
- 1D
- 0.02%
- 1M
- -0.22%
- YTD
- 1.36%
- 6M
- 1.50%
- 1Y
- 3.58%
- 3Y*
- 5.00%
- 5Y*
- 3.28%
- 10Y*
- 3.03%
CBON vs. VTIP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBON VanEck Vectors ChinaAMC China Bond ETF | 4.99% | 5.46% | 1.85% | 2.92% | -7.99% | 5.93% | 12.01% | 2.67% | 1.88% | 6.96% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.36% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
Correlation
The correlation between CBON and VTIP is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2014 | 0.14 |
The correlation between CBON and VTIP shifts across timeframes, from 0.08 (1 year) to 0.21 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CBON vs. VTIP — Risk / Return Rank
CBON
VTIP
CBON vs. VTIP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC China Bond ETF (CBON) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.47 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 6.34 | 5.03 | +1.31 |
| Martin ratioReturn relative to average drawdown | 23.59 | 17.90 | +5.69 |
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Drawdowns
CBON vs. VTIP - Drawdown Comparison
The maximum CBON drawdown since its inception was -14.13%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for CBON and VTIP.
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Drawdown Indicators
| CBON | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.13% | -6.27% | -7.86% |
Max Drawdown (1Y)Largest decline over 1 year | -1.34% | -0.71% | -0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -4.56% | -0.98% | -3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -14.13% | -5.50% | -8.63% |
Max Drawdown (10Y)Largest decline over 10 years | -14.13% | -6.27% | -7.86% |
Current DrawdownCurrent decline from peak | -0.46% | -0.69% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -3.97% | -1.04% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.20% | +0.16% |
Volatility
CBON vs. VTIP - Volatility Comparison
VanEck Vectors ChinaAMC China Bond ETF (CBON) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) have volatilities of 0.64% and 0.65%, 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 | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 0.65% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.61% | 1.17% | +1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.44% | 1.57% | +1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 2.77% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.56% | 2.74% | +2.82% |
CBON vs. VTIP - Expense Ratio Comparison
CBON has a 0.50% expense ratio, which is higher than VTIP's 0.03% expense ratio.
Dividends
CBON vs. VTIP - Dividend Comparison
CBON's dividend yield for the trailing twelve months is around 1.53%, less than VTIP's 3.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBON VanEck Vectors ChinaAMC China Bond ETF | 1.53% | 1.66% | 2.15% | 3.01% | 2.70% | 3.05% | 2.87% | 3.87% | 3.39% | 3.33% | 3.25% | 2.78% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.61% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% |
Frequently Asked Questions
CBON and VTIP have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTIP has higher volatility (0.65%) compared to CBON (0.64%). In terms of maximum drawdown, CBON dropped -14.13% vs VTIP's -6.27%.
On 10-year performance, VTIP leads with 3.03% vs 2.99% for CBON. On fees, VTIP is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VTIP has performed better with a 3.03% return vs 2.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.50% for CBON.
VTIP has the higher dividend yield at 3.61%, compared with 1.53% for CBON.
CBON is categorized as Emerging Markets Bonds, while VTIP is Inflation-Protected Bonds. CBON tracks ChinaBond China High Quality Bond Index, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.50% for CBON and 0.03% for VTIP.
CBON currently has the higher Sharpe Ratio (2.47 vs 2.28), 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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