ISVBF vs. CNXT
ISVBF (iShares MSCI China A UCITS ETF) and CNXT (VanEck Vectors ChinaAMC SME-ChiNext ETF) are both China Equities funds - ISVBF tracks the MSCI China A Inclusion Index while CNXT tracks the SME-ChiNext 100 Index. Both are passively managed. Over the past 5 years, ISVBF returned -5.79%/yr vs 5.56%/yr for CNXT. At a 0.26 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.65%/yr for CNXT.
Performance
ISVBF vs. CNXT - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -10.90% return, which is significantly lower than CNXT's 42.18% return.
ISVBF
- 1D
- 0.43%
- 1M
- -1.75%
- YTD
- -10.90%
- 6M
- -12.10%
- 1Y
- 1.02%
- 3Y*
- 9.53%
- 5Y*
- -5.79%
- 10Y*
- —
CNXT
- 1D
- 2.79%
- 1M
- 12.07%
- YTD
- 42.18%
- 6M
- 40.51%
- 1Y
- 133.47%
- 3Y*
- 30.57%
- 5Y*
- 5.56%
- 10Y*
- 7.89%
ISVBF vs. CNXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -10.90% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 42.18% | 59.31% | 12.42% | -21.47% | -35.58% | 9.19% |
Correlation
The correlation between ISVBF and CNXT is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
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 5, 2021 | 0.26 |
Over the past year, ISVBF and CNXT have become more correlated (0.46) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
ISVBF vs. CNXT — Risk / Return Rank
ISVBF
CNXT
ISVBF vs. CNXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISVBF | CNXT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.17 | ||
| Sortino ratioReturn per unit of downside risk | -4.46 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.60 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 11.00 | -10.94 |
| Martin ratioReturn relative to average drawdown | 0.11 | 32.51 | -32.40 |
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Drawdowns
ISVBF vs. CNXT - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum CNXT drawdown of -68.98%. Use the drawdown chart below to compare losses from any high point for ISVBF and CNXT.
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Drawdown Indicators
| ISVBF | CNXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -68.98% | +15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -19.44% | -12.21% | -7.23% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -48.60% | +24.83% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -61.21% | +8.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.30% | — |
Current DrawdownCurrent decline from peak | -27.78% | 0.00% | -27.78% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -42.78% | +10.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.08% | 4.12% | +4.96% |
Volatility
ISVBF vs. CNXT - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (ISVBF) is 9.03%, while VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) has a volatility of 11.81%. This indicates that ISVBF experiences smaller price fluctuations and is considered to be less risky than CNXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVBF | CNXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.03% | 11.81% | -2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 26.98% | 21.89% | +5.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.91% | 32.03% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 35.48% | -5.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.15% | 31.76% | -1.61% |
ISVBF vs. CNXT - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than CNXT's 0.65% expense ratio.
Dividends
ISVBF vs. CNXT - Dividend Comparison
ISVBF has not paid dividends to shareholders, while CNXT's dividend yield for the trailing twelve months is around 0.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.13% | 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
ISVBF and CNXT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNXT has higher volatility (11.81%) compared to ISVBF (9.03%). In terms of maximum drawdown, ISVBF dropped -53.78% vs CNXT's -68.98%.
On 5-year performance, CNXT leads with 5.56% vs -5.79% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 9.03%. 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 5.56% return vs -5.79%. 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 0.13%, compared with 0.00% for ISVBF.
ISVBF tracks MSCI China A Inclusion Index, while CNXT tracks SME-ChiNext 100 Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.40% for ISVBF and 0.65% for CNXT.
CNXT currently has the higher Sharpe Ratio (4.20 vs 0.03), 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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