聚焦平安公司债ETF(511030)，穿越牛熊周期的力量

Core Insights - The Ping An Company Bond ETF (511030) has seen a counter-trend growth of 131 million, attributed to its short duration (1.95 years), static high yield (currently 1.97%), minimal discount (weekly average -0.03%), and small drawdown (-0.50% year-to-date), which differentiates it from other credit bond ETFs [1] Group 1: Performance Metrics - The Ping An Company Bond ETF has the best drawdown control since the bond market adjustment, with a stable net value and manageable drawdown [1] - As of October 21, 2025, the ETF has accumulated a 1.07% increase year-to-date [1] - The ETF's latest price is 106.22 yuan, with a trading volume of 8.98% and a transaction value of 2.068 billion [2] Group 2: Fund Flows and Liquidity - The ETF's latest scale reached 230.49 billion, marking a one-year high [2] - Recent fund flows have been balanced, with a total inflow of 1.09 million over the last five trading days [2] - The ETF's financing buy-in amount is 387.68 million, with a financing balance of 279.09 million [3] Group 3: Historical Performance - Over the past five years, the ETF's net value has increased by 13.19% [3] - The ETF has a historical monthly return of 1.22%, with the longest consecutive monthly gains being nine months [3] - The maximum drawdown in the last six months was 0.28%, with a relative benchmark drawdown of 0.06% [3] Group 4: Fee Structure and Tracking Accuracy - The management fee rate for the ETF is 0.15%, and the custody fee rate is 0.05% [3] - The tracking error over the past two months is 0.013% [3] Group 5: Index Tracking - The ETF closely tracks the China Bond - Medium to High Grade Corporate Bond Spread Factor Index, which reflects the trends in the RMB bond market [4] - The index is based on AAA-rated corporate bonds and is adjusted quarterly [4]