CBON vs VOO
VanEck China Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CBON | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.50% | 0.03% | |
| AUM | $26M | $979.0B | |
| Dividend Yield | 1.54% | 1.09% | |
| Holdings | 33 | 509 | |
| YTD Return | +5.64% | +14.48% | |
| 1Y Return | +9.34% | +22.02% | |
| 3Y Return (annualized) | +5.56% | +21.80% | |
| 5Y Return (annualized) | +2.05% | +13.36% | |
| Volatility (annualized) | 5.3% | 14.2% | |
| Max Drawdown | -15.5% | -34.3% | |
| Fund Family | VanEck | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Nov 10, 2014 | Sep 7, 2010 |
CBON vs VOO Performance
VanEck China Bond ETF (CBON) is a ETF from VanEck and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year CBON returned +9.34% while VOO returned +22.02%. Year to date, CBON is up 5.64% versus a gain of 14.48% for VOO.
Over three years, CBON compounded at +5.56% per year against +21.80% for VOO; over five years the annualized figures are +2.05% and +13.36% respectively. Across the full 12-year window we track, VOO has the edge at +13.61% annualized vs +0.69%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 5.3% for CBON. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -15.5% for CBON and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CBON charges 0.50% per year while VOO charges 0.03%. On a $10,000 position that is $50 vs $3 annually, a gap of $47 per year that compounds over a long holding period. On income, CBON currently yields 1.54% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, CBON or VOO?
CBON has an expense ratio of 0.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, CBON or VOO?
Over the past year CBON returned +9.34% vs +22.02% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (12 years), CBON annualized +0.69% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, CBON or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 5.3% for CBON. Worst drawdown: CBON -15.5% vs VOO -34.3%.
Should I hold both CBON and VOO?
CBON and VOO have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, CBON or VOO?
CBON yields 1.54% while VOO yields 1.09%, so CBON currently pays the higher dividend yield.
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