CNXT vs. ISVBF
CNXT (VanEck Vectors ChinaAMC SME-ChiNext ETF) and ISVBF (iShares MSCI China A UCITS ETF) are both China Equities funds - CNXT tracks the SME-ChiNext 100 Index while ISVBF tracks the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, CNXT returned 3.96%/yr vs -5.62%/yr for ISVBF. At a 0.25 correlation, their price movements are largely independent. CNXT charges 0.65%/yr vs 0.40%/yr for ISVBF.
Performance
CNXT vs. ISVBF - Performance Comparison
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Returns By Period
In the year-to-date period, CNXT achieves a 32.68% return, which is significantly higher than ISVBF's -8.72% return.
CNXT
- 1D
- -0.62%
- 1M
- 9.11%
- YTD
- 32.68%
- 6M
- 39.36%
- 1Y
- 114.61%
- 3Y*
- 26.75%
- 5Y*
- 3.96%
- 10Y*
- 6.57%
ISVBF
- 1D
- -2.42%
- 1M
- -4.76%
- YTD
- -8.72%
- 6M
- -10.61%
- 1Y
- 2.82%
- 3Y*
- 9.05%
- 5Y*
- -5.62%
- 10Y*
- —
CNXT vs. ISVBF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 32.68% | 59.31% | 12.42% | -21.47% | -35.58% | 8.45% |
ISVBF iShares MSCI China A UCITS ETF | -8.72% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
Correlation
The correlation between CNXT and ISVBF is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.25 |
Over the past year, CNXT and ISVBF have become more correlated (0.47) than their long-term average of 0.25, meaning their price movements have been converging.
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Return for Risk
CNXT vs. ISVBF — Risk / Return Rank
CNXT
ISVBF
CNXT vs. ISVBF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and iShares MSCI China A UCITS ETF (ISVBF). 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.
| CNXT | ISVBF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.66 | ||
| Sortino ratioReturn per unit of downside risk | +4.06 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.04 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 9.44 | 0.15 | +9.29 |
| Martin ratioReturn relative to average drawdown | 28.91 | 0.34 | +28.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNXT | ISVBF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.75 | 0.09 | +3.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.19 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.17 | +0.39 |
Drawdowns
CNXT vs. ISVBF - Drawdown Comparison
The maximum CNXT drawdown since its inception was -68.98%, which is greater than ISVBF's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for CNXT and ISVBF.
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Drawdown Indicators
| CNXT | ISVBF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.98% | -53.78% | -15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -19.18% | +6.97% |
Max Drawdown (3Y)Largest decline over 3 years | -48.60% | -23.77% | -24.83% |
Max Drawdown (5Y)Largest decline over 5 years | -61.21% | -53.22% | -7.99% |
Max Drawdown (10Y)Largest decline over 10 years | -63.30% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | -26.01% | +23.25% |
Average DrawdownAverage peak-to-trough decline | -42.93% | -32.76% | -10.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.98% | 8.28% | -4.30% |
Volatility
CNXT vs. ISVBF - Volatility Comparison
The current volatility for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) is 10.30%, while iShares MSCI China A UCITS ETF (ISVBF) has a volatility of 11.06%. This indicates that CNXT experiences smaller price fluctuations and is considered to be less risky than ISVBF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNXT | ISVBF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.30% | 11.06% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 19.99% | 26.63% | -6.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.73% | 30.67% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.26% | 30.21% | +5.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.64% | 30.21% | +1.43% |
CNXT vs. ISVBF - Expense Ratio Comparison
CNXT has a 0.65% expense ratio, which is higher than ISVBF's 0.40% expense ratio.
Dividends
CNXT vs. ISVBF - Dividend Comparison
CNXT's dividend yield for the trailing twelve months is around 0.14%, while ISVBF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.14% | 0.18% | 0.15% | 0.00% | 0.00% | 9.22% | 0.01% | 0.45% | 0.00% | 0.19% |
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CNXT and ISVBF have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (11.06%) compared to CNXT (10.30%). In terms of maximum drawdown, CNXT dropped -68.98% vs ISVBF's -53.78%.
On 5-year performance, CNXT leads with 3.96% vs -5.62% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, CNXT has been the lower-risk option at 10.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, CNXT has performed better with a 3.96% return vs -5.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.65% for CNXT.
CNXT has the higher dividend yield at 0.14%, compared with 0.00% for ISVBF.
CNXT tracks SME-ChiNext 100 Index, while ISVBF tracks MSCI China A Inclusion Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.65% for CNXT and 0.40% for ISVBF.
CNXT currently has the higher Sharpe Ratio (3.75 vs 0.09), 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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