VanEck China Bond ETF
$24.15−0.05 (−0.21%)
- Expense ratio
- 0.50%
- Fund size
- $29M
- 1Y return
- +9.4%
- Yield · Last 12 months
- 1.45%
- Holdings
- 35
- Volume · 30D
- 0M sh
- NAV per share
- $24.05
- 52W range
The ETF.net CBON Grade
Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 59Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 7Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 74Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 10Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 29Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 36Category rank
Our read on CBON
DThe first US-listed ETF to open China's onshore bond market to American buyers, back in 2014. One country, one currency, a few dozen RMB bonds from government, policy-bank and credit issuers.
The fund seeks to replicate the price and yield performance of the FTSE Chinese Broad Bond 0–10 Diversified Select Index before fees and expenses. The index covers fixed-rate, RMB-denominated bonds issued in China by credit, governmental, and quasi-governmental issuers.
Why people hold it
- Launched in 2014 as the first US-listed ETF for China's onshore bonds, a market long walled off from foreign investors. Still a rare single-country way in.vaneck.com
- The index blends government, policy-bank and credit issuers and caps maturities at 10 years, so it is a short-to-intermediate onshore slice, not a pure sovereign play.vaneck.com
- Costs 0.50% a year, a shade under the typical fee in its emerging-market local-currency bond peer group, and it pays income monthly.
Worth knowing
- Holdings are RMB-denominated, so the dollar value moves with the yuan as well as with Chinese rates.vaneck.com
- Small and thinly traded next to giant EM local-debt peers like EMLC and LEMB, which can mean wider spreads and more work getting a fill.
- A few dozen bonds, one country, one central bank. Diversification here comes from issuer type, not from geography.
CBON Holdings
- Other
- 35
- 45%
- China National Petroleum Corp
Sectors
- Real Estate100.0%
Geography
- China100.00%
Developed 0% · Emerging 100%
CBON Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CBON |
|---|---|
| Year to date | +7.0% |
| 1 month | +0.3% |
| 3 months | +1.9% |
| 1 year | +9.4% |
| 3 years | +6.1% |
| 5 years | +2.3% |
| 10 years | +3.1% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CBON |
|---|---|---|
| 2026 YTD | +7.0% | |
| 2025 | +5.5% | |
| 2024 | +1.9% | |
| 2023 | +2.9% | |
| 2022 | −8.0% | |
| 2021 | +5.9% | |
| 2020 | +12.0% |
CBON in the news
ETF.net Research hasn’t filed on CBON yet — coverage lands here as it’s written.
CBON Dividends
- 1.45%
- $0.35
- $0.03 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.03 |
| Aug 3, 2026 | Aug 6, 2026 | $0.03 |
| Jul 1, 2026 | Jul 7, 2026 | $0.03 |
| Jun 1, 2026 | Jun 4, 2026 | $0.03 |
| May 1, 2026 | May 6, 2026 | $0.03 |
| Apr 1, 2026 | Apr 7, 2026 | $0.03 |
| Mar 2, 2026 | Mar 5, 2026 | $0.03 |
| Feb 2, 2026 | Feb 5, 2026 | $0.03 |
| Dec 29, 2025 | Dec 31, 2025 | $0.03 |
| Nov 28, 2025 | Dec 3, 2025 | $0.03 |
| Nov 3, 2025 | Nov 6, 2025 | $0.03 |
| Oct 1, 2025 | Oct 6, 2025 | $0.03 |
CBON Risk
- 3.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.32
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.31
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CBON Cost
- The middle half of Emerging Markets Bonds (Local Currency) funds
- Median 0.55%
2 of the 7 Emerging Markets Bonds (Local Currency) funds charge less.