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VanEck China Bond ETF (CBON)



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Upturn Advisory Summary
08/14/2025: CBON (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type ETF | Historic Profit 1.52% | Avg. Invested days 47 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.5 | 52 Weeks Range 21.27 - 22.65 | Updated Date 06/30/2025 |
52 Weeks Range 21.27 - 22.65 | Updated Date 06/30/2025 |
Upturn AI SWOT
VanEck China Bond ETF
ETF Overview
Overview
VanEck China Bond ETF (CBON) seeks to replicate as closely as possible, before fees and expenses, the performance of the China Bond Index. It primarily invests in Renminbi-denominated fixed income securities issued in mainland China.
Reputation and Reliability
VanEck has a solid reputation and a long track record in the ETF market, known for its expertise in specialized and international investments.
Management Expertise
VanEck's management team has considerable experience in managing fixed income and international investments.
Investment Objective
Goal
To replicate as closely as possible, before fees and expenses, the performance of the China Bond Index.
Investment Approach and Strategy
Strategy: The ETF tracks the China Bond Index, a rules-based, market-value weighted index representing the performance of the onshore Renminbi-denominated bond market.
Composition The ETF holds a portfolio of Renminbi-denominated fixed income securities issued in mainland China, including government bonds, corporate bonds, and policy bank bonds.
Market Position
Market Share: Data unavailable.
Total Net Assets (AUM): 14860000
Competitors
Key Competitors
- KraneShares Bloomberg Barclays China Bond ETF (KBND)
- iShares China CNY Bond ETF (CNYB)
Competitive Landscape
The China bond ETF market is relatively concentrated, with a few key players. CBON competes with KBND and CNYB by offering exposure to the China bond market. A potential advantage for CBON could be its specific index tracking, management fees, or portfolio construction, but this needs to be evaluated against the specific strategies of its competitors.
Financial Performance
Historical Performance: Historical performance data is available from VanEck or financial data providers.
Benchmark Comparison: Performance should be compared to the China Bond Index to assess tracking effectiveness.
Expense Ratio: 0.5
Liquidity
Average Trading Volume
The average trading volume for CBON can vary, but potential investors should assess recent volumes for liquidity concerns.
Bid-Ask Spread
The bid-ask spread represents the cost of trading and can fluctuate based on market conditions.
Market Dynamics
Market Environment Factors
Economic growth in China, interest rate policy by the People's Bank of China (PBOC), and global market conditions influence the ETF's performance.
Growth Trajectory
The growth trajectory depends on investor demand for Chinese bonds and the overall health of the Chinese economy. Changes in holdings can occur based on index rebalancing.
Moat and Competitive Advantages
Competitive Edge
CBON's competitive edge lies in its focus on Chinese Renminbi-denominated bonds, providing diversification benefits to investors. The fund offers exposure to the world's second-largest bond market and could benefit from increased access to the Chinese financial system. Its management by VanEck, known for its specialized ETFs, also contributes to its credibility. However, its assets under management are relatively small, which could impact liquidity.
Risk Analysis
Volatility
CBON's volatility is influenced by interest rate fluctuations and changes in the creditworthiness of Chinese bond issuers.
Market Risk
Market risks include interest rate risk, credit risk associated with the issuers of Chinese bonds, and currency risk related to fluctuations in the value of the Renminbi.
Investor Profile
Ideal Investor Profile
Ideal investors are those seeking exposure to the Chinese bond market for diversification purposes, those who are comfortable with emerging market risk, and those who believe in the long-term growth potential of the Chinese economy.
Market Risk
CBON is suitable for long-term investors seeking income and diversification, but it is not ideal for active traders due to potential liquidity constraints.
Summary
The VanEck China Bond ETF provides access to the Chinese Renminbi-denominated bond market, offering potential diversification and income. Its performance is tied to the Chinese economy and monetary policy. Key risks include interest rate, credit, and currency risk. Due to its small AUM, its liquidity can be a concern. It is best suited for long-term investors with a strategic allocation to Chinese assets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- VanEck
- Financial Data Providers (e.g., Bloomberg, Morningstar)
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About VanEck China Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is calculated by FTSE Russell Ltd. and is entirely comprised of fixed-rate, Renminbi-denominated bonds issued in the People"s Republic of China ("China" or the "PRC") by Chinese credit, governmental and quasi-governmental (e.g.,policy banks) issuers ("RMB Bonds") with a maturity of 0-10 years. The fund is non-diversified.

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