- ISIN
- US5007678437
- Issuer
- KraneShares
- Inception Date
- Jun 26, 2018
- Region
- Emerging Asia Pacific (Broad)
- Category
- Emerging Markets Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- JP Morgan Asia Credit Index Non-Investment Grade Corporate Index.
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $16M
Share Price Chart
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Performance
KHYB Performance Chart
KraneShares Asia Pacific High Income Bond ETF (KHYB) is up 2.7% since the beginning of the year. KHYB is currently trading at $24 per share. Investors who bought $1,000 worth of KHYB shares 5 years ago would now be looking at an investment worth $1,008.
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Returns By Period
KraneShares Asia Pacific High Income Bond ETF (KHYB) has returned 2.69% so far this year and 9.82% over the past 12 months.
KraneShares Asia Pacific High Income Bond ETF
- 1D
- -0.12%
- 1M
- 0.97%
- YTD
- 2.69%
- 6M
- 2.67%
- 1Y
- 9.82%
- 3Y*
- 8.40%
- 5Y*
- 0.16%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
KHYB Monthly Returns History
Based on dividend-adjusted daily data since Jun 28, 2018, KHYB's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.
Historically, 64% of months were positive and 36% 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 51% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.74% | 0.37% | -2.88% | 2.21% | 1.01% | 0.29% | 2.69% | ||||||
| 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% |
| 2024 | 2.25% | 1.51% | 0.65% | -0.40% | 2.40% | 0.59% | 1.93% | 0.93% | 1.10% | 0.35% | 0.00% | -0.96% | 10.79% |
| 2023 | 4.13% | -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 0.70%, beta of 0.07, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since June 28, 2018.
- This ETF participated in 23.32% of S&P 500 Index downside but only 13.38% 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
- 0.70%
- Beta
- 0.07
- R²
- 0.06
- Upside Capture
- 13.38%
- Downside Capture
- 23.32%
Expense Ratio
KHYB has an expense ratio of 0.69%, placing it in the medium range.
Return for Risk
Risk / Return Rank
KHYB ranks 78 for risk / return — better than 78% 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.
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 S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KHYB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.37 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.78 | -0.30 |
| Martin ratioReturn relative to average drawdown | 11.15 | 12.44 | -1.29 |
Dividends
Dividend History
KraneShares Asia Pacific High Income Bond ETF provided a 8.12% dividend yield over the last twelve months, with an annual payout of $1.97 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.97 | $1.86 | $2.44 | $3.74 | $2.60 | $2.05 | $1.89 | $1.98 | $1.01 |
Dividend yield | 8.12% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.19 | $0.19 | $0.18 | $0.19 | $0.19 | $0.00 | $0.94 | ||||||
| 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 0.43%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -33.63%Nov 2022 | 1y 10mo | — | 5y 6moDec 2020 - now |
COVID crash2020 | -9.95%Mar 2020 | 1mo 24d | 4mo 2d | 5mo 26dJan 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -1.68%Nov 2018 | 29d | 1mo 10d | 2mo 9dNov 2018 - Jan 2019 |
2020 pullback2020 | -1.49%Sep 2020 | 25d | 1mo 11d | 2mo 6dSep 2020 - Nov 2020 |
2018 pullback2018 | -1.44%Jul 2018 | 7d | 1mo 19d | 1mo 26dJun 2018 - Aug 2018 |
Drawdown Indicators
| KHYB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -56.78% | +23.15% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -9.10% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -5.44% | -18.90% | +13.46% |
Max Drawdown (5Y)Largest decline over 5 years | -32.73% | -25.43% | -7.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.43% | -1.80% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -9.65% | -10.71% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 2.03% | -1.15% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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