公司债ETF（511030）：时间酿造价值，稳健成就复利

Core Insights - The total scale of credit bond ETFs is 476.9 billion yuan, with a slight daily decrease of 0.05 billion yuan, indicating a trend of capital outflow from credit bond ETFs [1] - The Ping An Company Bond ETF (511030) has seen a counter-trend growth of 1.31 million yuan, attributed to its short duration of 1.95 years, static high yield of 1.97%, minimal discount of -0.03%, and controlled drawdown of -0.50% year-to-date, showcasing its unique competitive advantages [1] Market Liquidity - Overall transaction amount reached 203.9 billion yuan, with an average single transaction amount of 5.73 million yuan, indicating active trading [1] - The median turnover rate stands at 39.8%, reflecting the liquidity of the market [1] Valuation Metrics - The median yield is recorded at 1.91%, with a median discount rate of -13.1 basis points, highlighting the pricing dynamics in the credit bond ETF market [1] - The benchmark market-making ETF shows a discount rate of -29.6 basis points, while the Sci-Tech bond ETF has a discount rate of -8.5 basis points, indicating varying levels of investor sentiment [1] Performance Comparison - The Ping An Company Bond ETF (511030) ranks first in drawdown control since the bond market adjustment began, with a relatively stable net value and a minimal average discount of only 3 basis points over the past week [1] - The performance of various ETFs is detailed in a comparative table, showcasing differences in scale, weekly changes, and drawdown metrics, with Ping An's ETF demonstrating superior resilience [1]