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EMBX vs. CBON
Performance
Return for Risk
Dividends
Drawdowns
Volatility

EMBX vs. CBON

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Emerging Markets Bond ETF (EMBX) and VanEck Vectors ChinaAMC China Bond ETF (CBON).

EMBX and CBON are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMBX is an actively managed fund by VanEck. It was launched on Oct 6, 2025. CBON is a passively managed fund by VanEck that tracks the performance of the ChinaBond China High Quality Bond Index. It was launched on Nov 10, 2014.

Performance

EMBX vs. CBON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Emerging Markets Bond ETF (EMBX) and VanEck Vectors ChinaAMC China Bond ETF (CBON). The values are adjusted to include any dividend payments, if applicable.

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EMBX vs. CBON - Yearly Performance Comparison

2026 (YTD)2025
EMBX
VanEck Emerging Markets Bond ETF		-0.21%2.86%
CBON
VanEck Vectors ChinaAMC China Bond ETF		2.36%2.86%

Returns By Period

In the year-to-date period, EMBX achieves a -0.21% return, which is significantly lower than CBON's 2.36% return.

EMBX

1D
1.21%
1M
-3.79%
YTD
-0.21%
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

CBON

1D
0.30%
1M
-0.14%
YTD
2.36%
6M
5.04%
1Y
7.55%
3Y*
3.53%
5Y*
2.16%
10Y*
2.45%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VanEck Emerging Markets Bond ETF

VanEck Vectors ChinaAMC China Bond ETF

Often compared with EMBX:
EMBX vs. EMLCEMBX vs. VWOBEMBX vs. DAPPEMBX vs. EMCBEMBX vs. EMHCEMBX vs. BEMBEMBX vs. BIZD
Often compared with CBON:
CBON vs. PICBCBON vs. GRNBCBON vs. BNDXCBON vs. VGTCBON vs. MCHICBON vs. VCSHCBON vs. CEW

EMBX vs. CBON - Expense Ratio Comparison

EMBX has a 0.76% expense ratio, which is higher than CBON's 0.50% expense ratio.

EMBX
VanEck Emerging Markets Bond ETF
CBON
VanEck Vectors ChinaAMC China Bond ETF

Return for Risk

EMBX vs. CBON — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EMBX
CBON
CBON Risk / Return Rank: 9393
Overall Rank
CBON Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
CBON Sortino Ratio Rank: 9393
Sortino Ratio Rank
CBON Omega Ratio Rank: 9090
Omega Ratio Rank
CBON Calmar Ratio Rank: 9696
Calmar Ratio Rank
CBON Martin Ratio Rank: 9797
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.

EMBX vs. CBON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Emerging Markets Bond ETF (EMBX) and VanEck Vectors ChinaAMC China Bond ETF (CBON). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

EMBX vs. CBON - Sharpe Ratio Comparison

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Sharpe Ratios by Period

EMBXCBONDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.93

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.44

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.44

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.93

0.38

+0.55

Correlation

The correlation between EMBX and CBON is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

EMBX vs. CBON - Dividend Comparison

EMBX's dividend yield for the trailing twelve months is around 2.34%, more than CBON's 1.62% yield.

TTM20252024202320222021202020192018201720162015
EMBX
VanEck Emerging Markets Bond ETF		2.34%1.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
CBON
VanEck Vectors ChinaAMC China Bond ETF		1.62%1.66%2.15%3.01%2.70%3.05%2.87%3.87%3.39%3.33%3.25%2.78%

Drawdowns

EMBX vs. CBON - Drawdown Comparison

The maximum EMBX drawdown since its inception was -5.14%, smaller than the maximum CBON drawdown of -14.13%. Use the drawdown chart below to compare losses from any high point for EMBX and CBON.

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Drawdown Indicators

EMBXCBONDifference

Max Drawdown

Largest peak-to-trough decline

-5.14%

-14.13%

+8.99%

Max Drawdown (1Y)

Largest decline over 1 year

—

-1.66%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-14.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-14.13%

—

Current Drawdown

Current decline from peak

-4.00%

-0.14%

-3.86%

Average Drawdown

Average peak-to-trough decline

-0.77%

-4.05%

+3.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

0.39%

—

Volatility

EMBX vs. CBON - Volatility Comparison

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Volatility by Period

EMBXCBONDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

1.49%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

2.51%

—

Volatility (1Y)

Calculated over the trailing 1-year period

6.01%

3.92%

+2.09%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.01%

4.96%

+1.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.01%

5.60%

+0.41%