VanEck China Bond ETF (CBON) Performance
CBON total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.4% since Dec 31, 2025
- 1 year
- +10.1% total return
- 5 years
- +2.1% a year
- 10 years
- +3.2% a year
- Since first price
- +2.5% a year since 2014
CBON trailing returns vs AGG, TLT, SPY
| Period | CBON total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.4% | +0.3% | +0.9% | +1.5% | −1.0% |
| 3 months | +1.7% | +1.4% | −0.4% | −1.0% | +3.2% |
| 6 months | +3.7% | +3.0% | −1.5% | −3.8% | +7.8% |
| YTD | +7.4% | +6.2% | −1.0% | −3.4% | +12.3% |
| 1 year | +10.1% | +8.5% | −1.1% | −6.9% | +14.4% |
| 3 years | +20.0%+6.3%/yr | +13.5% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +10.9%+2.1%/yr | −1.2% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +37.2%+3.2%/yr | +3.8% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionNov 11, 2014 | +34.2%+2.5%/yr | −3.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CBON vs AGG
From Nov 11, 2014: CBON grew to $13,424, AGG to $12,190.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CBON returns by calendar year
9 of 11 full years positive. Best 2020 (+12.0%), worst 2022 (−8.0%). 2026 is year to date.
CBON annual returns table
| Year | CBON | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +7.4% | −1.3% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.5% | −2.2% | +7.2% | +4.3% | +17.7% |
| 2024 | +1.9% | −3.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +2.9% | −5.5% | +5.7% | +2.8% | +26.2% |
| 2022 | −8.0% | −14.1% | −13.0% | −31.2% | −18.2% |
| 2021 | +5.9% | −3.2% | −1.8% | −4.6% | +28.7% |
| 2020 | +12.0% | −4.0% | +7.5% | +18.2% | +18.3% |
| 2019 | +2.7% | −5.0% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.9% | −8.0% | +0.1% | −1.6% | −4.6% |
| 2017 | +7.0% | −5.0% | +3.6% | +9.2% | +21.7% |
| 2016 | −6.4% | −8.5% | +2.4% | +1.2% | +12.0% |
| 2015 | +0.6% | −6.5% | +0.5% | −1.8% | +1.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CBON largest drawdowns
Now 0.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 22, 2022 | −14.1% | Nov 3, 2022 | Jan 5, 2026 | 8 months | 3.9 years |
| Aug 10, 2015 | −10.8% | May 8, 2017 | Jan 25, 2018 | 1.7 years | 2.5 years |
| Apr 19, 2018 | −8.0% | Aug 16, 2018 | Mar 5, 2020 | 4 months | 1.9 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
CBON risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +6.0% | +2.2% | +3.1% | +2.5% |
| Volatility (annualized) | 3.5% | 5.1% | 5.2% | 5.3% |
| Sharpe ratio | 0.44 | -0.26 | 0.17 | 0.14 |
| Sortino ratio | 0.77 | -0.33 | 0.24 | 0.19 |
| Best month | +3.7% | +3.7% | +4.1% | +4.1% |
| Worst month | −1.5% | −4.4% | −4.4% | −4.8% |
| Best 12 months | +9.6% | +9.6% | +14.8% | +14.8% |
| Worst 12 months | −0.0% | −9.8% | −9.8% | −9.8% |
| Positive months | 67% | 58% | 59% | 58% |
| Beta vs S&P 500 | 0.08 | 0.12 | 0.11 | — |
| Correlation with S&P 500 | 0.30 | 0.36 | 0.32 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CBON rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 132 | −9.8% | +2.2% | +14.8% | 71% |
| 3-year (a year) | 108 | −1.7% | +2.6% | +7.1% | 86% |
| 5-year (a year) | 84 | +0.8% | +2.5% | +5.8% | 100% |
| 10-year (a year) | 24 | +1.7% | +2.3% | +3.3% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
CBON performance overview
VanEck China Bond ETF (CBON) returned +10.1% over the past year and +3.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +2.5% a year, turning $10,000 into about $13,424. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −14.1%, from Feb 22, 2022 to Nov 3, 2022, and it took 3.2 years to get back to the old high. CBON finished 9 of its 11 full calendar years with a gain; the best year was 2020 (+12.0%) and the worst 2022 (−8.0%). Volatility has been 5.3% a year.
Related: CBON chart, CBON dividends, CBON bond profile. See the CBON overview for the latest quote and fund facts.
CBON performance FAQ
What is the CBON return over the past year?
CBON returned +10.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.5%.
What is the average annual return of CBON?
CBON has returned +2.1% a year over 5 years, +3.2% a year over 10 years, +2.5% a year since November 11, 2014 (total return, distributions reinvested).
How much would $10,000 invested in CBON be worth?
$10,000 invested in CBON at its first recorded close on November 11, 2014 would be worth about $13,424 on October 23, 2026 with distributions reinvested.
What was the worst year for CBON?
The worst calendar year was 2022, with a total return of −8.0%. The best was 2020 at +12.0%.
What is the biggest drawdown of CBON?
The largest peak-to-trough decline was −14.1% between February 22, 2022 and November 3, 2022. It recovered to the old high on January 5, 2026, 3.2 years after the bottom.
How volatile is CBON?
Over the past 3 years CBON had an annualized volatility of 3.5% and a Sharpe ratio of 0.44 (excess return over 1–3 month T-bills per unit of risk).