CETF.AX vs. SUBD.AX
CETF.AX (VanEck FTSE China A50 ETF) and SUBD.AX (Vaneck Australian Subordinated Debt ETF) are both exchange-traded funds - CETF.AX is a China Equities fund tracking the FTSE China A50 Net Tax AUD Index, while SUBD.AX is a High Yield Bonds fund tracking the iBoxx AUD Investment Grade Subordinated Debt Mid Price Index. Both are passively managed. Over the past 5 years, CETF.AX returned 0.64%/yr vs 4.63%/yr for SUBD.AX. At a 0.01 correlation, their price movements are largely independent. CETF.AX charges 0.60%/yr vs 0.29%/yr for SUBD.AX.
Performance
CETF.AX vs. SUBD.AX - Performance Comparison
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Returns By Period
In the year-to-date period, CETF.AX achieves a -0.98% return, which is significantly lower than SUBD.AX's 3.04% return.
CETF.AX
- 1D
- -1.86%
- 1M
- -1.13%
- 6M
- -2.24%
- YTD
- -0.98%
- 1Y
- 11.65%
- 3Y*
- 9.83%
- 5Y*
- 0.64%
- 10Y*
- 5.29%
SUBD.AX
- 1D
- 0.04%
- 1M
- 0.80%
- 6M
- 2.67%
- YTD
- 3.04%
- 1Y
- 6.00%
- 3Y*
- 6.36%
- 5Y*
- 4.63%
- 10Y*
- —
CETF.AX vs. SUBD.AX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CETF.AX VanEck FTSE China A50 ETF | -0.98% | 12.88% | 30.64% | -13.18% | -16.50% | -1.23% | 18.52% | 3.15% |
SUBD.AX Vaneck Australian Subordinated Debt ETF | 3.04% | 5.55% | 7.13% | 7.11% | 0.27% | 2.12% | 2.39% | 0.59% |
Correlation
The correlation between CETF.AX and SUBD.AX is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2019 | 0.01 |
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Return for Risk
CETF.AX vs. SUBD.AX — Risk / Return Rank
CETF.AX
SUBD.AX
CETF.AX vs. SUBD.AX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck FTSE China A50 ETF (CETF.AX) and Vaneck Australian Subordinated Debt ETF (SUBD.AX). 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.
| CETF.AX | SUBD.AX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.97 | ||
| Sortino ratioReturn per unit of downside risk | -11.58 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 3.06 | -1.92 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 24.82 | -23.86 |
| Martin ratioReturn relative to average drawdown | 2.38 | 101.01 | -98.63 |
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Drawdowns
CETF.AX vs. SUBD.AX - Drawdown Comparison
The maximum CETF.AX drawdown since its inception was -41.32%, which is greater than SUBD.AX's maximum drawdown of -10.85%. Use the drawdown chart below to compare losses from any high point for CETF.AX and SUBD.AX.
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Drawdown Indicators
| CETF.AX | SUBD.AX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.32% | -10.85% | -30.47% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -0.24% | -11.77% |
Max Drawdown (3Y)Largest decline over 3 years | -19.05% | -1.19% | -17.86% |
Max Drawdown (5Y)Largest decline over 5 years | -33.90% | -2.99% | -30.91% |
Max Drawdown (10Y)Largest decline over 10 years | -40.95% | — | — |
Current DrawdownCurrent decline from peak | -11.36% | 0.00% | -11.36% |
Average DrawdownAverage peak-to-trough decline | -23.78% | -0.44% | -23.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.95% | 0.06% | +4.89% |
Volatility
CETF.AX vs. SUBD.AX - Volatility Comparison
VanEck FTSE China A50 ETF (CETF.AX) has a higher volatility of 5.19% compared to Vaneck Australian Subordinated Debt ETF (SUBD.AX) at 0.27%. This indicates that CETF.AX's price experiences larger fluctuations and is considered to be riskier than SUBD.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CETF.AX | SUBD.AX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 0.27% | +4.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 0.64% | +11.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.18% | 0.88% | +14.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.75% | 1.35% | +18.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.06% | 4.76% | +15.30% |
CETF.AX vs. SUBD.AX - Expense Ratio Comparison
CETF.AX has a 0.60% expense ratio, which is higher than SUBD.AX's 0.29% expense ratio.
Dividends
CETF.AX vs. SUBD.AX - Dividend Comparison
CETF.AX's dividend yield for the trailing twelve months is around 1.87%, less than SUBD.AX's 5.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CETF.AX VanEck FTSE China A50 ETF | 1.87% | 1.94% | 1.55% | 2.94% | 2.80% | 1.80% | 1.30% | 1.28% | 11.56% | 1.08% | 1.16% | 3.19% |
SUBD.AX Vaneck Australian Subordinated Debt ETF | 5.35% | 5.54% | 5.85% | 5.13% | 2.60% | 1.90% | 2.01% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CETF.AX and SUBD.AX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SUBD.AX is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SUBD.AX is cheaper with a 0.29% expense ratio, compared with 0.60% for CETF.AX.
CETF.AX is categorized as China Equities, while SUBD.AX is High Yield Bonds. CETF.AX tracks FTSE China A50 Net Tax AUD Index, while SUBD.AX tracks iBoxx AUD Investment Grade Subordinated Debt Mid Price Index. Their fees differ too: 0.60% for CETF.AX and 0.29% for SUBD.AX.
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