Snapshot*
Top 10 Holdings
What is CBON?
The VanEck ChinaAMC China Bond ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ChinaBond China High Quality Bond Index. The Index is comprised of fi xed-rate Renminbi ( RMB )-denominated bonds issued in the People s Republic of China by Chinese credit, governmental and quasi-governmental (e.g., policy banks) issuers. ChinaBond China High Quality Bond Index (CDHATRID) comprises: Fixed-rate, Renminbi ( RMB )-denominated bonds issued in the People s Republic of China ( China or the PRC ) by Chinese credit, governmental or quasi-governmental (e.g., policy banks) issuers ( RMB Bonds ). Chinese credit issuers are generally considered to be issuers of central enterprise bonds, local enterprise bonds, medium-term notes, corporate bonds and railway debt. Credit RMB Bonds must have at least one AAA rating by one of the Chinese local rating agencies recognized by the relevant authorities in the PRC to be included in the Index.
CBONPerformance Measures**
for the time period Nov 11, 2014 to Jul 17, 2026
1M Trailing Return: -0.1%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: 1.1%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -14.1%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 5.7%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.44
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.17
The annualized return divided by the max drawdown for the selected time period.
ETFs related toCBON
ETFs correlated to CBON include KBA, CHAU, ASHR
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toCBON
LIQ. El Dorado (MBM) | BT 3/13/17 LIVE 2.5.24-5.12.25 +4%
Category
Leveraged ETFs, momentum and mean reversion, volatility hedge, bond trend filter, global rotation, daily rebalanced
OOS Cumulative Return
73.39%
Create your own algorithmic trading strategy with CBON using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.