CNXT vs. NBCE
Compare and contrast key facts about VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Neuberger Berman China Equity ETF (NBCE).
CNXT and NBCE 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. NBCE is an actively managed fund by Neuberger Berman. It was launched on Oct 13, 2023.
Performance
CNXT vs. NBCE - Performance Comparison
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CNXT vs. NBCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 1.90% | 59.31% | 12.42% | -1.43% |
NBCE Neuberger Berman China Equity ETF | 3.93% | 39.08% | 3.35% | -2.22% |
Returns By Period
In the year-to-date period, CNXT achieves a 1.90% return, which is significantly lower than NBCE's 3.93% return.
CNXT
- 1D
- -1.26%
- 1M
- 0.13%
- YTD
- 1.90%
- 6M
- 0.72%
- 1Y
- 67.16%
- 3Y*
- 11.12%
- 5Y*
- 1.21%
- 10Y*
- 3.80%
NBCE
- 1D
- -0.13%
- 1M
- -3.18%
- YTD
- 3.93%
- 6M
- 4.97%
- 1Y
- 36.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CNXT vs. NBCE - Expense Ratio Comparison
CNXT has a 0.65% expense ratio, which is lower than NBCE's 0.74% expense ratio.
Return for Risk
CNXT vs. NBCE — Risk / Return Rank
CNXT
NBCE
CNXT vs. NBCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Neuberger Berman China Equity ETF (NBCE). 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 | NBCE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 1.68 | +0.31 |
Sortino ratioReturn per unit of downside risk | 2.51 | 2.16 | +0.35 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.33 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 3.65 | 2.58 | +1.06 |
Martin ratioReturn relative to average drawdown | 13.32 | 10.93 | +2.40 |
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 | NBCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 1.68 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | — | — |
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 | 0.69 | -0.53 |
Correlation
The correlation between CNXT and NBCE is 0.85, 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. NBCE - Dividend Comparison
CNXT's dividend yield for the trailing twelve months is around 0.18%, less than NBCE's 1.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.18% | 0.18% | 0.15% | 0.00% | 0.00% | 9.22% | 0.01% | 0.45% | 0.00% | 0.19% |
NBCE Neuberger Berman China Equity ETF | 1.27% | 1.32% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNXT vs. NBCE - Drawdown Comparison
The maximum CNXT drawdown since its inception was -68.98%, which is greater than NBCE's maximum drawdown of -28.42%. Use the drawdown chart below to compare losses from any high point for CNXT and NBCE.
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Drawdown Indicators
| CNXT | NBCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.98% | -28.42% | -40.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -9.23% | -2.98% |
Max Drawdown (5Y)Largest decline over 5 years | -61.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.30% | — | — |
Current DrawdownCurrent decline from peak | -25.32% | -6.59% | -18.73% |
Average DrawdownAverage peak-to-trough decline | -43.40% | -9.66% | -33.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 3.11% | +1.64% |
Volatility
CNXT vs. NBCE - Volatility Comparison
VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) has a higher volatility of 7.41% compared to Neuberger Berman China Equity ETF (NBCE) at 6.00%. This indicates that CNXT's price experiences larger fluctuations and is considered to be riskier than NBCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNXT | NBCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 6.00% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 13.52% | +6.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.92% | 20.36% | +11.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.91% | 24.17% | +10.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.53% | 24.17% | +7.36% |