GAEM vs. CBON
Compare and contrast key facts about Simplify Gamma Emerging Market Bond ETF (GAEM) and VanEck Vectors ChinaAMC China Bond ETF (CBON).
GAEM and CBON are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GAEM is an actively managed fund by Simplify. It was launched on Aug 12, 2024. 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
GAEM vs. CBON - Performance Comparison
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GAEM vs. CBON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GAEM Simplify Gamma Emerging Market Bond ETF | -1.25% | 13.55% | 3.72% |
CBON VanEck Vectors ChinaAMC China Bond ETF | 2.36% | 5.46% | -0.35% |
Returns By Period
In the year-to-date period, GAEM achieves a -1.25% return, which is significantly lower than CBON's 2.36% return.
GAEM
- 1D
- 0.58%
- 1M
- -2.64%
- YTD
- -1.25%
- 6M
- 1.75%
- 1Y
- 9.73%
- 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%
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GAEM vs. CBON - Expense Ratio Comparison
GAEM has a 0.76% expense ratio, which is higher than CBON's 0.50% expense ratio.
Return for Risk
GAEM vs. CBON — Risk / Return Rank
GAEM
CBON
GAEM vs. CBON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Gamma Emerging Market Bond ETF (GAEM) 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.
| GAEM | CBON | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.78 | 1.93 | -0.15 |
Sortino ratioReturn per unit of downside risk | 2.67 | 2.79 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.38 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.79 | 4.52 | -1.73 |
Martin ratioReturn relative to average drawdown | 11.88 | 19.27 | -7.40 |
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
| GAEM | CBON | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.78 | 1.93 | -0.15 |
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 | 2.00 | 0.38 | +1.62 |
Correlation
The correlation between GAEM and CBON is 0.20, 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
GAEM vs. CBON - Dividend Comparison
GAEM's dividend yield for the trailing twelve months is around 6.72%, more than CBON's 1.62% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAEM Simplify Gamma Emerging Market Bond ETF | 6.72% | 6.50% | 3.78% | 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
GAEM vs. CBON - Drawdown Comparison
The maximum GAEM drawdown since its inception was -3.84%, smaller than the maximum CBON drawdown of -14.13%. Use the drawdown chart below to compare losses from any high point for GAEM and CBON.
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Drawdown Indicators
| GAEM | CBON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.84% | -14.13% | +10.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.61% | -1.66% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.13% | — |
Current DrawdownCurrent decline from peak | -2.80% | -0.14% | -2.66% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -4.05% | +3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.39% | +0.46% |
Volatility
GAEM vs. CBON - Volatility Comparison
Simplify Gamma Emerging Market Bond ETF (GAEM) has a higher volatility of 2.27% compared to VanEck Vectors ChinaAMC China Bond ETF (CBON) at 1.49%. This indicates that GAEM's price experiences larger fluctuations and is considered to be riskier than CBON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GAEM | CBON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.27% | 1.49% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 3.37% | 2.51% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.50% | 3.92% | +1.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 4.96% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 5.60% | -0.72% |