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MONY.AX vs. CNEW.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MONY.AX vs. CNEW.AX

Last updated Jul 16, 2026
Documentation

MONY.AX (VanEck Cash Plus Active ETF) and CNEW.AX (VanEck China New Economy ETF) are both exchange-traded funds - MONY.AX is a Money Market fund actively managed by VanEck, while CNEW.AX is a China Equities fund tracking the MarketGrader China New Economy Index. MONY.AX is actively managed, while CNEW.AX is passively managed. At a correlation of -0.14, they often move in opposite directions.

Performance

MONY.AX vs. CNEW.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck Cash Plus Active ETF (MONY.AX) and VanEck China New Economy ETF (CNEW.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

MONY.AX

1D
0.08%
1M
0.44%
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

CNEW.AX

1D
-1.71%
1M
2.64%
6M
-3.46%
YTD
1.87%
1Y
13.85%
3Y*
6.54%
5Y*
-1.69%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

MONY.AX vs. CNEW.AX - Yearly Performance Comparison

2026 (YTD)
MONY.AX
VanEck Cash Plus Active ETF		1.73%
CNEW.AX
VanEck China New Economy ETF		2.64%

Correlation

The correlation between MONY.AX and CNEW.AX is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (All Time)
Calculated using the full available price history since Feb 5, 2026

-0.14

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VanEck Cash Plus Active ETF

VanEck China New Economy ETF

Return for Risk

MONY.AX vs. CNEW.AX — Risk / Return Rank

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

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

CNEW.AX
CNEW.AX Risk / Return Rank: 2121
Overall Rank
CNEW.AX Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
CNEW.AX Sortino Ratio Rank: 2121
Sortino Ratio Rank
CNEW.AX Omega Ratio Rank: 2121
Omega Ratio Rank
CNEW.AX Calmar Ratio Rank: 2222
Calmar Ratio Rank
CNEW.AX Martin Ratio Rank: 2121
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.

MONY.AX vs. CNEW.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Cash Plus Active ETF (MONY.AX) and VanEck China New Economy ETF (CNEW.AX). 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.

MONY.AXCNEW.AXDifference
Sharpe ratioReturn per unit of total volatility

—

0.61

—

Sortino ratioReturn per unit of downside risk

—

1.00

—

Omega ratioGain probability vs. loss probability

—

1.13

—

Calmar ratioReturn relative to maximum drawdown

—

0.87

—

Martin ratioReturn relative to average drawdown

—

2.09

—

MONY.AX vs. CNEW.AX - Sharpe Ratio Comparison

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Drawdowns

MONY.AX vs. CNEW.AX - Drawdown Comparison

The maximum MONY.AX drawdown since its inception was -0.32%, smaller than the maximum CNEW.AX drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for MONY.AX and CNEW.AX.

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Drawdown Indicators

MONY.AXCNEW.AXDifference

Max Drawdown

Largest peak-to-trough decline

-0.32%

-46.20%

+45.88%

Max Drawdown (1Y)

Largest decline over 1 year

—

-13.25%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-27.71%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-46.20%

—

Current Drawdown

Current decline from peak

0.00%

-13.40%

+13.40%

Average Drawdown

Average peak-to-trough decline

-0.05%

-17.27%

+17.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.61%

—

Volatility

MONY.AX vs. CNEW.AX - Volatility Comparison

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Volatility by Period

MONY.AXCNEW.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.62%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

15.27%

—

Volatility (1Y)

Calculated over the trailing 1-year period

0.94%

18.99%

-18.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.94%

24.49%

-23.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.94%

24.61%

-23.67%

Dividends

MONY.AX vs. CNEW.AX - Dividend Comparison

MONY.AX's dividend yield for the trailing twelve months is around 1.48%, more than CNEW.AX's 0.74% yield.

PositionTTM2025202420232022202120202019
CNEW.AX
VanEck China New Economy ETF		0.74%0.88%1.71%1.72%1.86%1.03%1.40%1.01%
MONY.AX
VanEck Cash Plus Active ETF		1.48%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

MONY.AX and CNEW.AX have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MONY.AX is categorized as Money Market, while CNEW.AX is China Equities.

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