CBON vs VYM
VanEck China Bond ETF vs Vanguard High Dividend Yield ETF
Which is better, CBON or VYM?
Short Term Low Quality against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CBON | VYM |
|---|---|---|
| Expense Ratio | 0.50% | 0.04%Best |
| AUM | $26M | $81.6B |
| Dividend Yield | 1.48% | 2.22% |
| Holdings | 37 | 613 |
| YTD Return | +6.63% | +9.71%Best |
| 1Y Return | +9.92% | +13.77%Best |
| 3Y Return (annualized) | +6.08% | +17.30%Best |
| 5Y Return (annualized) | +2.24% | +11.45%Best |
| Volatility (annualized) | 5.3%Best | 13.9% |
| Max Drawdown | -15.5%Best | -35.7% |
| $10,000 over 5 years | $11,171 | $17,195Best |
| Fund Family | VanEck | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Short Term Low Quality | Large Cap Value |
| Inception | Nov 10, 2014 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Nov 11, 2014 to Sep 24, 2026 (11.9 years).
CBON vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 11.9 years both funds cover.
CBON vs VYM Performance
VanEck China Bond ETF (CBON) is an ETF from VanEck and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year CBON returned +9.92% while VYM returned +13.77%. Year to date, CBON is up 6.63% versus a gain of 9.71% for VYM.
Over three years, CBON compounded at +6.08% per year against +17.30% for VYM; over five years the annualized figures are +2.24% and +11.45% respectively. Across the full 12-year window we track, VYM has the edge at +8.61% annualized vs +0.76%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 13.9% 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.29. They move largely independently of each other.
Fees and Cost Over Time
CBON charges 0.50% per year while VYM charges 0.04%. On a $10,000 position that is $50 vs $4 annually, a gap of $46 per year that compounds over a long holding period. On income, CBON currently yields 1.48% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 1 holding in CBON and 557 in VYM, totalling 3.0% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 1 positions we hold weights for in CBON and 557 in VYM, against full books of 37 and 613.
You are not choosing between two funds in isolation.
Whichever of CBON and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CBON or VYM?
CBON has an expense ratio of 0.50% while VYM charges 0.04%. VYM is the cheaper option, by $46 a year on a $10,000 investment.
Which performed better, CBON or VYM?
Over the past year CBON returned +9.92% vs +13.77% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (12 years), CBON annualized +0.76% vs +8.61% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CBON or VYM?
VYM has been the more volatile fund at 13.9% annualized versus 5.3% for CBON. Worst drawdown: CBON -15.5% vs VYM -35.7%.
Should I hold both CBON and VYM?
CBON and VYM have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CBON or VYM?
CBON yields 1.48% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than CBON?
VYM has a lower expense ratio. VYM led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.