LAND vs. CBON

Last updated Jun 4, 2026

LAND (Gladstone Land Corporation) is a stock, while CBON (VanEck Vectors ChinaAMC China Bond ETF) is Emerging Markets Bonds fund tracking the ChinaBond China High Quality Bond Index. Over the past 10 years, LAND returned 2.82%/yr vs 2.93%/yr for CBON. At a 0.09 correlation, their price movements are largely independent.

Performance

LAND vs. CBON - Performance Comparison

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

Returns By Period

In the year-to-date period, LAND achieves a 2.77% return, which is significantly lower than CBON's 5.41% return. Both investments have delivered pretty close results over the past 10 years, with LAND having a 2.82% annualized return and CBON not far ahead at 2.93%.

LAND

• 1D: -1.39%
• 1M: -3.69%
• YTD: 2.77%
• 6M: 2.53%
• 1Y: -1.15%
• 3Y*: -13.65%
• 5Y*: -14.18%
• 10Y*: 2.82%

CBON

• 1D: 0.10%
• 1M: 1.75%
• YTD: 5.41%
• 6M: 6.88%
• 1Y: 9.26%
• 3Y*: 5.05%
• 5Y*: 2.03%
• 10Y*: 2.93%

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

LAND vs. CBON - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LAND Gladstone Land Corporation	2.77%	-10.69%	-21.63%	-18.49%	-44.42%	136.25%	17.35%	18.07%	-10.82%	24.66%
CBON VanEck Vectors ChinaAMC China Bond ETF	5.41%	5.46%	1.85%	2.92%	-7.99%	5.93%	12.01%	2.67%	1.88%	6.96%

Correlation

The correlation between LAND and CBON is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Nov 12, 2014	0.09

Return for Risk

LAND vs. CBON — Risk / Return Rank

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

LAND

LAND Risk / Return Rank: 36
LAND Sharpe Ratio Rank: 39
LAND Sortino Ratio Rank: 33
LAND Omega Ratio Rank: 33
LAND Calmar Ratio Rank: 39
LAND Martin Ratio Rank: 38

CBON

CBON Risk / Return Rank: 89
CBON Sharpe Ratio Rank: 82
CBON Sortino Ratio Rank: 88
CBON Omega Ratio Rank: 87
CBON Calmar Ratio Rank: 93
CBON Martin Ratio Rank: 93

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.

LAND vs. CBON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gladstone Land Corporation (LAND) 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.

	LAND	CBON	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	2.70	-2.74
Sortino ratio: Return per unit of downside risk	0.16	4.09	-3.93
Omega ratio: Gain probability vs. loss probability	1.02	1.54	-0.53
Calmar ratio: Return relative to maximum drawdown	-0.05	6.94	-6.99
Martin ratio: Return relative to average drawdown	-0.08	25.86	-25.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LAND vs. CBON - Sharpe Ratio Comparison

The current LAND Sharpe Ratio is -0.04, which is lower than the CBON Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of LAND and CBON, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LAND	CBON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	2.70	-2.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.45	0.41	-0.87
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.09	0.53	-0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.42	-0.40

Drawdowns

LAND vs. CBON - Drawdown Comparison

The maximum LAND drawdown since its inception was -76.45%, which is greater than CBON's maximum drawdown of -14.13%. Use the drawdown chart below to compare losses from any high point for LAND and CBON.

Drawdown Indicators

	LAND	CBON	Difference
Max Drawdown Largest peak-to-trough decline	-76.45%	-14.13%	-62.32%
Max Drawdown (1Y) Largest decline over 1 year	-25.44%	-1.34%	-24.10%
Max Drawdown (3Y) Largest decline over 3 years	-45.24%	-4.56%	-40.68%
Max Drawdown (5Y) Largest decline over 5 years	-76.45%	-14.13%	-62.32%
Max Drawdown (10Y) Largest decline over 10 years	-76.45%	-14.13%	-62.32%
Current Drawdown Current decline from peak	-73.73%	-0.02%	-73.71%
Average Drawdown Average peak-to-trough decline	-30.62%	-3.99%	-26.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.77%	0.36%	+13.41%

Volatility

LAND vs. CBON - Volatility Comparison

Gladstone Land Corporation (LAND) has a higher volatility of 6.99% compared to VanEck Vectors ChinaAMC China Bond ETF (CBON) at 0.91%. This indicates that LAND'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.

Volatility by Period

	LAND	CBON	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.99%	0.91%	+6.08%
Volatility (6M) Calculated over the trailing 6-month period	21.98%	2.62%	+19.36%
Volatility (1Y) Calculated over the trailing 1-year period	29.59%	3.45%	+26.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.43%	4.93%	+26.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.96%	5.58%	+24.38%

Dividends

LAND vs. CBON - Dividend Comparison

LAND's dividend yield for the trailing twelve months is around 6.10%, more than CBON's 1.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBON VanEck Vectors ChinaAMC China Bond ETF	1.52%	1.66%	2.15%	3.01%	2.70%	3.05%	2.87%	3.87%	3.39%	3.33%	3.25%	2.78%
LAND Gladstone Land Corporation	6.10%	6.12%	5.16%	3.83%	2.98%	1.60%	3.67%	4.12%	4.63%	3.90%	4.40%	5.38%

Frequently Asked Questions

Can I hold both LAND and CBON in my portfolio?

LAND and CBON have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LAND or CBON?

LAND has higher volatility (6.99%) compared to CBON (0.91%). In terms of maximum drawdown, LAND dropped -76.45% vs CBON's -14.13%.

Which has better risk-adjusted returns?

CBON currently has the higher Sharpe Ratio (2.70 vs -0.04), 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.