国债ETF5至10年(511020)，让投资更简单
Sou Hu Cai Jing·2025-10-17 02:12

Core Viewpoint - The current sentiment is moderately optimistic, but caution is advised against chasing prices. The 10-year government bond yield spread is around 18 basis points, and attention should be paid to potential compression in spreads after the new redemption fee regulations are implemented [1] Group 1: Market Performance - As of October 16, 2025, the China Bond 5-10 Year Government Bond Active Index (net price) has increased by 0.03%. The government bond ETF for 5 to 10 years rose by 0.04%, with the latest price at 117.09 yuan. Over the past year, the government bond ETF for 5 to 10 years has accumulated a rise of 3.40% [1] - The latest size of the government bond ETF for 5 to 10 years reached 1.541 billion yuan, marking a six-month high. Recent fund inflows and outflows have been balanced, with a total of 31.61 million yuan "absorbed" over the last five trading days [2] - The government bond ETF for 5 to 10 years has seen a net value increase of 21.84% over the past five years, ranking 31 out of 179 in the index bond fund category, placing it in the top 17.32% [2] Group 2: Return and Risk Metrics - The maximum drawdown for the government bond ETF for 5 to 10 years in the last six months is 1.09%, with a relative benchmark drawdown of 0.40% [3] - Since its inception, the government bond ETF for 5 to 10 years has achieved a maximum monthly return of 2.58%, with the longest consecutive monthly gain being 10 months and the longest cumulative gain of 5.81%. The win-loss ratio for monthly performance is 55 to 25, with a 100% annual profit rate and a 70.69% monthly profit probability [2] Group 3: Fees and Tracking Accuracy - The management fee for the government bond ETF for 5 to 10 years is 0.15%, and the custody fee is 0.05% [4] - As of October 16, 2025, the tracking error for the government bond ETF for 5 to 10 years over the past month is 0.033%. The ETF closely tracks the China Bond 5-10 Year Government Bond Active Index, which includes bonds with maturities of 5, 7, and 10 years [5]