CNXT vs. JCHI

Last updated Apr 2, 2026

Compare and contrast key facts about VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and JPMorgan Active China ETF (JCHI).

CNXT and JCHI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNXT is a passively managed fund by VanEck that tracks the performance of the SME-ChiNext 100 Index. It was launched on Jul 24, 2014. JCHI is an actively managed fund by JPMorgan. It was launched on Mar 15, 2023.

Performance

CNXT vs. JCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and JPMorgan Active China ETF (JCHI). The values are adjusted to include any dividend payments, if applicable.

CNXT vs. JCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	3.20%	59.31%	12.42%	-20.75%
JCHI JPMorgan Active China ETF	-4.46%	27.66%	13.77%	-17.06%

Returns By Period

In the year-to-date period, CNXT achieves a 3.20% return, which is significantly higher than JCHI's -4.46% return.

CNXT

• 1D: -0.62%
• 1M: -2.00%
• YTD: 3.20%
• 6M: 2.49%
• 1Y: 65.33%
• 3Y*: 12.24%
• 5Y*: 1.47%
• 10Y*: 3.87%

JCHI

• 1D: 0.61%
• 1M: -4.41%
• YTD: -4.46%
• 6M: -11.12%
• 1Y: 9.44%
• 3Y*: 3.21%
• 5Y*: —
• 10Y*: —

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

CNXT vs. JCHI - Expense Ratio Comparison

Both CNXT and JCHI have an expense ratio of 0.65%.

CNXT

VanEck Vectors ChinaAMC SME-ChiNext ETF

JCHI

JPMorgan Active China ETF

Return for Risk

CNXT vs. JCHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CNXT

CNXT Risk / Return Rank: 90
CNXT Sharpe Ratio Rank: 90
CNXT Sortino Ratio Rank: 89
CNXT Omega Ratio Rank: 86
CNXT Calmar Ratio Rank: 93
CNXT Martin Ratio Rank: 92

JCHI

JCHI Risk / Return Rank: 24
JCHI Sharpe Ratio Rank: 24
JCHI Sortino Ratio Rank: 24
JCHI Omega Ratio Rank: 24
JCHI Calmar Ratio Rank: 24
JCHI Martin Ratio Rank: 23

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.

CNXT vs. JCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and JPMorgan Active China ETF (JCHI). 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	JCHI	Difference
Sharpe ratio Return per unit of total volatility	2.06	0.46	+1.60
Sortino ratio Return per unit of downside risk	2.57	0.74	+1.84
Omega ratio Gain probability vs. loss probability	1.36	1.10	+0.26
Calmar ratio Return relative to maximum drawdown	3.71	0.57	+3.14
Martin ratio Return relative to average drawdown	13.62	1.66	+11.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNXT vs. JCHI - Sharpe Ratio Comparison

The current CNXT Sharpe Ratio is 2.06, which is higher than the JCHI Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of CNXT and JCHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CNXT	JCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	0.46	+1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.19	-0.02

Correlation

The correlation between CNXT and JCHI is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CNXT vs. JCHI - Dividend Comparison

CNXT's dividend yield for the trailing twelve months is around 0.17%, less than JCHI's 1.89% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	0.17%	0.18%	0.15%	0.00%	0.00%	9.22%	0.01%	0.45%	0.00%	0.19%
JCHI JPMorgan Active China ETF	1.89%	1.81%	2.12%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CNXT vs. JCHI - Drawdown Comparison

The maximum CNXT drawdown since its inception was -68.98%, which is greater than JCHI's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for CNXT and JCHI.

Drawdown Indicators

	CNXT	JCHI	Difference
Max Drawdown Largest peak-to-trough decline	-68.98%	-29.57%	-39.41%
Max Drawdown (1Y) Largest decline over 1 year	-17.35%	-15.93%	-1.42%
Max Drawdown (5Y) Largest decline over 5 years	-61.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.30%	—	—
Current Drawdown Current decline from peak	-24.37%	-11.98%	-12.39%
Average Drawdown Average peak-to-trough decline	-43.41%	-13.67%	-29.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.73%	5.64%	-0.91%

Volatility

CNXT vs. JCHI - Volatility Comparison

VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) has a higher volatility of 7.46% compared to JPMorgan Active China ETF (JCHI) at 5.77%. This indicates that CNXT's price experiences larger fluctuations and is considered to be riskier than JCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNXT	JCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.46%	5.77%	+1.69%
Volatility (6M) Calculated over the trailing 6-month period	19.80%	12.55%	+7.25%
Volatility (1Y) Calculated over the trailing 1-year period	31.89%	20.80%	+11.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.92%	25.16%	+9.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.54%	25.16%	+6.38%