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CNEW.AX vs. CETF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CNEW.AX vs. CETF.AX

Last updated Jul 16, 2026
Documentation

CNEW.AX (VanEck China New Economy ETF) and CETF.AX (VanEck FTSE China A50 ETF) are both China Equities funds from VanEck - CNEW.AX tracks the MarketGrader China New Economy Index while CETF.AX tracks the FTSE China A50 Net Tax AUD Index. Both are passively managed. Over the past 5 years, CNEW.AX returned -1.69%/yr vs 0.64%/yr for CETF.AX. A 0.56 correlation means they provide meaningful diversification when combined. CNEW.AX charges 0.95%/yr vs 0.60%/yr for CETF.AX.

Performance

CNEW.AX vs. CETF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck China New Economy ETF (CNEW.AX) and VanEck FTSE China A50 ETF (CETF.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CNEW.AX achieves a 1.87% return, which is significantly higher than CETF.AX's -0.98% return.

CNEW.AX

1D
-1.71%
1M
2.64%
6M
-3.46%
YTD
1.87%
1Y
13.85%
3Y*
6.54%
5Y*
-1.69%
10Y*
—

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

CNEW.AX vs. CETF.AX - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
CNEW.AX
VanEck China New Economy ETF		1.87%15.14%11.63%-7.15%-26.85%14.22%26.35%40.10%1.63%
CETF.AX
VanEck FTSE China A50 ETF		-0.98%12.88%30.64%-13.18%-16.50%-1.23%18.52%33.28%-0.99%

Correlation

The correlation between CNEW.AX and CETF.AX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.54

Correlation (5Y)
Calculated over the trailing 5-year period

0.53

Correlation (All Time)
Calculated using the full available price history since Nov 8, 2018

0.56

The correlation between CNEW.AX and CETF.AX shifts across timeframes, from 0.44 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.

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VanEck China New Economy ETF

VanEck FTSE China A50 ETF

Return for Risk

CNEW.AX vs. CETF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CNEW.AX
CNEW.AX Risk / Return Rank: 2121
Overall Rank
CNEW.AX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
CNEW.AX Sortino Ratio Rank: 2121
Sortino Ratio Rank
CNEW.AX Omega Ratio Rank: 2121
Omega Ratio Rank
CNEW.AX Calmar Ratio Rank: 2222
Calmar Ratio Rank
CNEW.AX Martin Ratio Rank: 2121
Martin Ratio Rank
CETF.AX
CETF.AX Risk / Return Rank: 2424
Overall Rank
CETF.AX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
CETF.AX Sortino Ratio Rank: 2323
Sortino Ratio Rank
CETF.AX Omega Ratio Rank: 2323
Omega Ratio Rank
CETF.AX Calmar Ratio Rank: 2424
Calmar Ratio Rank
CETF.AX Martin Ratio Rank: 2323
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CNEW.AX vs. CETF.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck China New Economy ETF (CNEW.AX) and VanEck FTSE China A50 ETF (CETF.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.

CNEW.AXCETF.AXDifference
Sharpe ratioReturn per unit of total volatility
0.61
0.76

-0.15

Sortino ratioReturn per unit of downside risk
1.00
1.11

-0.11

Omega ratioGain probability vs. loss probability

1.13

1.14

-0.01

Calmar ratioReturn relative to maximum drawdown

0.87

0.97

-0.09

Martin ratioReturn relative to average drawdown

2.09

2.38

-0.29

CNEW.AX vs. CETF.AX - Sharpe Ratio Comparison

The current CNEW.AX Sharpe Ratio is 0.61, which is comparable to the CETF.AX Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of CNEW.AX and CETF.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CNEW.AX vs. CETF.AX - Drawdown Comparison

The maximum CNEW.AX drawdown since its inception was -46.20%, which is greater than CETF.AX's maximum drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for CNEW.AX and CETF.AX.

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Drawdown Indicators

CNEW.AXCETF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-46.20%

-41.32%

-4.88%

Max Drawdown (1Y)

Largest decline over 1 year

-13.25%

-12.01%

-1.24%

Max Drawdown (3Y)

Largest decline over 3 years

-27.71%

-19.05%

-8.66%

Max Drawdown (5Y)

Largest decline over 5 years

-46.20%

-33.90%

-12.30%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.95%

—

Current Drawdown

Current decline from peak

-13.40%

-11.36%

-2.04%

Average Drawdown

Average peak-to-trough decline

-17.27%

-23.78%

+6.51%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.61%

4.95%

+0.66%

Volatility

CNEW.AX vs. CETF.AX - Volatility Comparison

VanEck China New Economy ETF (CNEW.AX) has a higher volatility of 5.62% compared to VanEck FTSE China A50 ETF (CETF.AX) at 5.19%. This indicates that CNEW.AX's price experiences larger fluctuations and is considered to be riskier than CETF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CNEW.AXCETF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.62%

5.19%

+0.43%

Volatility (6M)

Calculated over the trailing 6-month period

15.27%

11.75%

+3.52%

Volatility (1Y)

Calculated over the trailing 1-year period

18.99%

15.18%

+3.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

24.49%

19.75%

+4.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.61%

20.06%

+4.55%

CNEW.AX vs. CETF.AX - Expense Ratio Comparison

CNEW.AX has a 0.95% expense ratio, which is higher than CETF.AX's 0.60% expense ratio.

Dividends

CNEW.AX vs. CETF.AX - Dividend Comparison

CNEW.AX's dividend yield for the trailing twelve months is around 0.74%, less than CETF.AX's 1.87% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
CNEW.AX
VanEck China New Economy ETF		0.74%0.88%1.71%1.72%1.86%1.03%1.40%1.01%0.00%0.00%0.00%0.00%

Frequently Asked Questions

CNEW.AX and CETF.AX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CETF.AX is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CETF.AX is cheaper with a 0.60% expense ratio, compared with 0.95% for CNEW.AX.

CNEW.AX tracks MarketGrader China New Economy Index, while CETF.AX tracks FTSE China A50 Net Tax AUD Index. Their fees differ too: 0.95% for CNEW.AX and 0.60% for CETF.AX.

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