CNEW.L vs. CEBG.L
CNEW.L (VanEck New China UCITS ETF) and CEBG.L (VanEck New China ESG UCITS ETF A) are both China Equities funds from VanEck - CNEW.L tracks the MarketGrader New China Screened Index while CEBG.L tracks the MSCI China NR USD. Both are passively managed. Over the past 3 years, CNEW.L returned 1.29%/yr vs 0.63%/yr for CEBG.L. With a 0.96 correlation, they move nearly in lockstep. Both charge a 0.60% expense ratio.
Performance
CNEW.L vs. CEBG.L - Performance Comparison
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Different Trading Currencies
CNEW.L is traded in USD, while CEBG.L is traded in GBP. To make them comparable, the CEBG.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CNEW.L achieves a -6.01% return, which is significantly higher than CEBG.L's -8.00% return.
CNEW.L
- 1D
- 2.09%
- 1M
- -1.23%
- 6M
- -10.84%
- YTD
- -6.01%
- 1Y
- 1.38%
- 3Y*
- 1.29%
- 5Y*
- —
- 10Y*
- —
CEBG.L
- 1D
- 0.00%
- 1M
- -3.18%
- 6M
- -12.70%
- YTD
- -8.00%
- 1Y
- -0.71%
- 3Y*
- 0.63%
- 5Y*
- —
- 10Y*
- —
CNEW.L vs. CEBG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNEW.L VanEck New China UCITS ETF | -6.01% | 23.92% | -0.36% | -9.27% | -28.05% | 6.19% |
CEBG.L VanEck New China ESG UCITS ETF A | -8.00% | 24.16% | -0.43% | -9.73% | -28.08% | -21.98% |
Correlation
The correlation between CNEW.L and CEBG.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.96 |
The correlation between CNEW.L and CEBG.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
CNEW.L vs. CEBG.L — Risk / Return Rank
CNEW.L
CEBG.L
CNEW.L vs. CEBG.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck New China UCITS ETF (CNEW.L) and VanEck New China ESG UCITS ETF A (CEBG.L). 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.L | CEBG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.01 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.08 | -0.04 | +0.13 |
| Martin ratioReturn relative to average drawdown | 0.18 | -0.09 | +0.27 |
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Drawdowns
CNEW.L vs. CEBG.L - Drawdown Comparison
The maximum CNEW.L drawdown since its inception was -46.53%, smaller than the maximum CEBG.L drawdown of -58.82%. Use the drawdown chart below to compare losses from any high point for CNEW.L and CEBG.L.
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Drawdown Indicators
| CNEW.L | CEBG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.53% | -58.82% | +12.29% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -16.52% | +0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -28.03% | -28.11% | +0.08% |
Current DrawdownCurrent decline from peak | -24.46% | -42.95% | +18.49% |
Average DrawdownAverage peak-to-trough decline | -26.53% | -43.36% | +16.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 7.70% | +0.05% |
Volatility
CNEW.L vs. CEBG.L - Volatility Comparison
VanEck New China UCITS ETF (CNEW.L) and VanEck New China ESG UCITS ETF A (CEBG.L) have volatilities of 5.71% and 5.49%, 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
| CNEW.L | CEBG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.71% | 5.49% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 12.83% | 12.18% | +0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.60% | 17.20% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.24% | 28.53% | -3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.24% | 28.53% | -3.29% |
CNEW.L vs. CEBG.L - Expense Ratio Comparison
Both CNEW.L and CEBG.L have an expense ratio of 0.60%.
Dividends
CNEW.L vs. CEBG.L - Dividend Comparison
Neither CNEW.L nor CEBG.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, CNEW.L and CEBG.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CNEW.L and CEBG.L have the same expense ratio: 0.60% per year.
CNEW.L tracks MarketGrader New China Screened Index, while CEBG.L tracks MSCI China NR USD.
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