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KraneShares Asia Pacific High Income Bond ETF (KHY...
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US5007678437
Inception Date
Jun 26, 2018
Region
Emerging Asia Pacific (Broad)
Leveraged
1x (No leverage)
Index Tracked
JP Morgan Asia Credit Index Non-Investment Grade Corporate Index.
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in KraneShares Asia Pacific High Income Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

KraneShares Asia Pacific High Income Bond ETF (KHYB) has returned -0.82% so far this year and 6.65% over the past 12 months.


KraneShares Asia Pacific High Income Bond ETF

1D
0.98%
1M
-2.88%
YTD
-0.82%
6M
0.71%
1Y
6.65%
3Y*
7.10%
5Y*
-0.41%
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jun 28, 2018, KHYB's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, your investment would double in approximately 44.5 years.

Historically, 63% of months were positive and 37% were negative. The best month was Nov 2022 with a return of +12.0%, while the worst month was Oct 2021 at -8.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, KHYB closed higher 52% of trading days. The best single day was Mar 27, 2020 with a return of +2.5%, while the worst single day was Oct 11, 2021 at -2.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.74%0.37%-2.88%-0.82%
2025-0.44%1.94%0.42%-1.15%1.44%1.21%1.31%1.53%1.45%0.61%-0.15%1.08%9.59%
20242.25%1.51%0.65%-0.40%2.40%0.59%1.93%0.93%1.10%0.35%0.00%-0.96%10.79%
20234.13%-1.64%-0.96%0.41%-3.07%2.31%-0.92%-3.13%0.85%-0.18%3.97%2.00%3.50%
2022-3.40%-2.74%-2.36%-0.46%-1.41%-4.42%-1.18%0.62%-3.95%-4.99%11.99%2.74%-10.15%
2021-0.56%0.74%-0.53%0.95%0.55%-0.79%-2.18%2.17%-4.02%-8.76%-0.87%0.71%-12.32%

Benchmark Metrics

KraneShares Asia Pacific High Income Bond ETF has an annualized alpha of 0.42%, beta of 0.07, and R² of 0.06 versus S&P 500 Index. Calculated based on daily prices since June 29, 2018.

  • This ETF participated in 23.87% of S&P 500 Index downside but only 13.24% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.07 may look defensive, but with R² of 0.06 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
  • R² of 0.06 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
0.42%
Beta
0.07
0.06
Upside Capture
13.24%
Downside Capture
23.87%

Expense Ratio

KHYB has an expense ratio of 0.69%, placing it in the medium range.


Return for Risk

Risk / Return Rank

KHYB ranks 70 for risk / return — better than 70% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


KHYB Risk / Return Rank: 7070
Overall Rank
KHYB Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
KHYB Sortino Ratio Rank: 7474
Sortino Ratio Rank
KHYB Omega Ratio Rank: 8383
Omega Ratio Rank
KHYB Calmar Ratio Rank: 5656
Calmar Ratio Rank
KHYB Martin Ratio Rank: 6161
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and compare them to a chosen benchmark (S&P 500 Index).


KHYBBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

1.42

0.90

+0.52

Sortino ratio

Return per unit of downside risk

1.92

1.39

+0.54

Omega ratio

Gain probability vs. loss probability

1.33

1.21

+0.12

Calmar ratio

Return relative to maximum drawdown

1.49

1.40

+0.09

Martin ratio

Return relative to average drawdown

6.29

6.61

-0.32

Explore KHYB risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

KraneShares Asia Pacific High Income Bond ETF provided a 8.05% dividend yield over the last twelve months, with an annual payout of $1.91 per share.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%16.00%$0.00$1.00$2.00$3.00$4.0020182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM20252024202320222021202020192018
Dividend$1.91$1.86$2.44$3.74$2.60$2.05$1.89$1.98$1.01

Dividend yield

8.05%7.59%10.11%15.55%9.67%6.22%4.76%4.86%2.56%

Monthly Dividends

The table displays the monthly dividend distributions for KraneShares Asia Pacific High Income Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.19$0.19$0.18$0.55
2025$0.17$0.17$0.16$0.17$0.17$0.17$0.17$0.17$0.17$0.17$0.17$0.00$1.86
2024$0.16$0.16$0.16$0.16$0.21$0.20$0.20$0.20$0.20$0.20$0.20$0.39$2.44
2023$0.18$0.18$0.17$0.17$0.17$0.17$0.17$0.17$0.18$0.16$0.17$1.85$3.74
2022$0.20$0.20$0.20$0.19$0.19$0.18$0.17$0.21$0.17$0.16$0.17$0.57$2.60
2021$0.16$0.16$0.16$0.16$0.16$0.16$0.15$0.15$0.15$0.22$0.21$0.21$2.05

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the KraneShares Asia Pacific High Income Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the KraneShares Asia Pacific High Income Bond ETF was 33.63%, occurring on Nov 2, 2022. The portfolio has not yet recovered.

The current KraneShares Asia Pacific High Income Bond ETF drawdown is 3.84%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-33.63%Dec 22, 2020470Nov 2, 2022
-9.95%Jan 29, 202038Mar 23, 202085Jul 23, 2020123
-1.68%Nov 1, 201821Nov 30, 201825Jan 9, 201946
-1.49%Sep 4, 202017Sep 29, 202029Nov 9, 202046
-1.44%Jun 29, 20184Jul 6, 201835Aug 24, 201839

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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