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PLUS.AX vs. CETF.AX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PLUS.AX vs. CETF.AX

Last updated Jul 16, 2026
Documentation

PLUS.AX (VanEck Australian Corporate Bond Plus ETF) and CETF.AX (VanEck FTSE China A50 ETF) are both exchange-traded funds - PLUS.AX is a Corporate Bonds fund tracking the VanEck Australian Corporate Bond Plus Index, while CETF.AX is a China Equities fund tracking the FTSE China A50 Net Tax AUD Index. Both are passively managed. Over the past 5 years, PLUS.AX returned 1.01%/yr vs 0.64%/yr for CETF.AX. At a correlation of -0.02, they often move in opposite directions.

Performance

PLUS.AX vs. CETF.AX - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in VanEck Australian Corporate Bond Plus ETF (PLUS.AX) and VanEck FTSE China A50 ETF (CETF.AX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PLUS.AX achieves a 1.15% return, which is significantly higher than CETF.AX's -0.98% return.

PLUS.AX

1D
0.12%
1M
0.27%
6M
0.67%
YTD
1.15%
1Y
1.90%
3Y*
5.38%
5Y*
1.01%
10Y*
—

CETF.AX

1D
-1.86%
1M
-1.13%
6M
-2.24%
YTD
-0.98%
1Y
11.65%
3Y*
9.83%
5Y*
0.64%
10Y*
5.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PLUS.AX vs. CETF.AX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PLUS.AX
VanEck Australian Corporate Bond Plus ETF		1.15%5.01%5.49%7.67%-10.32%-2.09%5.51%8.91%2.97%2.77%
CETF.AX
VanEck FTSE China A50 ETF		-0.98%12.88%30.64%-13.18%-16.50%-1.23%18.52%33.28%-18.45%22.57%

Correlation

The correlation between PLUS.AX and CETF.AX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

-0.01

Correlation (All Time)
Calculated using the full available price history since May 9, 2017

-0.02

The correlation between PLUS.AX and CETF.AX shifts across timeframes, from -0.02 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.

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VanEck Australian Corporate Bond Plus ETF

VanEck FTSE China A50 ETF

Return for Risk

PLUS.AX vs. CETF.AX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PLUS.AX
PLUS.AX Risk / Return Rank: 1616
Overall Rank
PLUS.AX Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
PLUS.AX Sortino Ratio Rank: 1616
Sortino Ratio Rank
PLUS.AX Omega Ratio Rank: 1515
Omega Ratio Rank
PLUS.AX Calmar Ratio Rank: 1515
Calmar Ratio Rank
PLUS.AX Martin Ratio Rank: 1515
Martin Ratio Rank
CETF.AX
CETF.AX Risk / Return Rank: 2424
Overall Rank
CETF.AX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
CETF.AX Sortino Ratio Rank: 2323
Sortino Ratio Rank
CETF.AX Omega Ratio Rank: 2323
Omega Ratio Rank
CETF.AX Calmar Ratio Rank: 2424
Calmar Ratio Rank
CETF.AX Martin Ratio Rank: 2323
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.

PLUS.AX vs. CETF.AX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Australian Corporate Bond Plus ETF (PLUS.AX) and VanEck FTSE China A50 ETF (CETF.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.

PLUS.AXCETF.AXDifference
Sharpe ratioReturn per unit of total volatility
0.47
0.76

-0.29

Sortino ratioReturn per unit of downside risk
0.70
1.11

-0.41

Omega ratioGain probability vs. loss probability

1.08

1.14

-0.06

Calmar ratioReturn relative to maximum drawdown

0.45

0.97

-0.51

Martin ratioReturn relative to average drawdown

0.96

2.38

-1.42

PLUS.AX vs. CETF.AX - Sharpe Ratio Comparison

The current PLUS.AX Sharpe Ratio is 0.47, which is lower than the CETF.AX Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of PLUS.AX and CETF.AX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PLUS.AX vs. CETF.AX - Drawdown Comparison

The maximum PLUS.AX drawdown since its inception was -16.54%, smaller than the maximum CETF.AX drawdown of -41.32%. Use the drawdown chart below to compare losses from any high point for PLUS.AX and CETF.AX.

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Drawdown Indicators

PLUS.AXCETF.AXDifference

Max Drawdown

Largest peak-to-trough decline

-16.54%

-41.32%

+24.78%

Max Drawdown (1Y)

Largest decline over 1 year

-3.81%

-12.01%

+8.20%

Max Drawdown (3Y)

Largest decline over 3 years

-3.81%

-19.05%

+15.24%

Max Drawdown (5Y)

Largest decline over 5 years

-16.54%

-33.90%

+17.36%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.95%

—

Current Drawdown

Current decline from peak

-0.83%

-11.36%

+10.53%

Average Drawdown

Average peak-to-trough decline

-3.57%

-23.78%

+20.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.82%

4.95%

-3.13%

Volatility

PLUS.AX vs. CETF.AX - Volatility Comparison

The current volatility for VanEck Australian Corporate Bond Plus ETF (PLUS.AX) is 0.76%, while VanEck FTSE China A50 ETF (CETF.AX) has a volatility of 5.19%. This indicates that PLUS.AX experiences smaller price fluctuations and is considered to be less risky than CETF.AX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PLUS.AXCETF.AXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.76%

5.19%

-4.43%

Volatility (6M)

Calculated over the trailing 6-month period

2.72%

11.75%

-9.03%

Volatility (1Y)

Calculated over the trailing 1-year period

3.63%

15.18%

-11.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.28%

19.75%

-14.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.90%

20.06%

-13.16%

Dividends

PLUS.AX vs. CETF.AX - Dividend Comparison

PLUS.AX's dividend yield for the trailing twelve months is around 3.68%, more than CETF.AX's 1.87% yield.

PositionTTM20252024202320222021202020192018201720162015
CETF.AX
VanEck FTSE China A50 ETF		1.87%1.94%1.55%2.94%2.80%1.80%1.30%1.28%11.56%1.08%1.16%3.19%
PLUS.AX
VanEck Australian Corporate Bond Plus ETF		3.68%4.15%3.44%2.99%3.06%2.20%2.42%3.41%2.57%0.94%0.00%0.00%

Frequently Asked Questions

PLUS.AX and CETF.AX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PLUS.AX is categorized as Corporate Bonds, while CETF.AX is China Equities. PLUS.AX tracks VanEck Australian Corporate Bond Plus Index, while CETF.AX tracks FTSE China A50 Net Tax AUD Index.

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