Skip to Content
ETFs

VanEck China Bond ETF

CBON
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 10 2014
Expense Ratio
0.51%
Type
Global Ex. US Bonds
Fund Owner
Van Eck Associates Corporation
Volume (1m avg. daily)
$155,433
AUM
$42,261,643
Associated Index
ChinaBond China High Quality Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
China State Railway Group Co Ltd
5.12%
n/a
China Cinda Asset Management Co Ltd
3.51%
n/a
Beijing Haidian State-Owned Assets Oper
3.41%
n/a
Shandong Lucion Investment Holdings Gro
3.39%
n/a
Zijin Mining Group Co Ltd
3.39%
n/a
Yankuang Energy Group Co Ltd
3.38%
n/a
Guangdong Guangxin Holdings Group Ltd
3.38%
n/a
Beijing Public Housing Center Co Ltd
3.36%
n/a
2.88%
n/a
Chongqing Longhu Development Co Ltd
2.69%
Invest with CBON

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.

ETFs related toCBON

ETFs correlated to CBON include CHAU, ASHR, KBA

CBON
VanEck ETF Trust - VanEck China Bond ETF
CHAU
Direxion Shares ETF Trust - Direxion Daily CSI 300 China A Share Bull 2X Shares
ASHR
DBX ETF Trust - Xtrackers Harvest CSI 300 China A-Shares ETF
KBA
KraneShares Trust - KraneSharesBosera MSCI China A 50 Connect Index ETF
CNYA
BlackRock Institutional Trust Company N.A. - iShares MSCI China A ETF
DEM
WisdomTree Trust - WisdomTree Emerging Markets High Dividend Fund
BWZ
SPDR Series Trust - SPDR Bloomberg Short Term International Treasury Bond ETF
GEM
Goldman Sachs ETF Trust - Goldman Sachs ActiveBeta Emerging Markets Equity ETF
EEMV
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets Min Vol Factor ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
FNDE
Schwab Strategic Trust - Schwab Fundamental Emerging Markets Large Company Index ETF

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.

Automated Strategies
Related toCBON

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#LSBH

Hedgefundies Refined: Leveraged Stocks and Bonds with a Hedge

Category

Balance Risk Not Assets, Lever Up, Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Aggressive

Create your own algorithmic trading strategy with CBON using Composer

FAQ

CBON is a Global Ex. US Bonds ETF. 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.

CBON tracks the ChinaBond China High Quality Bond Index.

No, CBON is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CBON is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CBON is -0.0154%. This is the percent change in the value of CBON over the most recent 1-month period. The 3-month return on CBON is 0.0068%. This is the percent change in the value of CBON over the most recent 3-month period.

The standard deviation of CBON for the past year is 0.0609%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to CBON include BND, MINT, and BIV.

ETFs correlated to CBON include CHAU, ASHR, and KBA.

ETFs that are inversely correlated to CBON include USDU, UUP, and EDZ.

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.