PortfoliosLab logoPortfoliosLab logo
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
Assets Under Management
$16M

Share Price Chart


Loading charts...

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Loading charts...

S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20261.74%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%
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 0.70%, 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
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.


KHYB Risk / Return Rank: 7878
Overall Rank
KHYB Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
KHYB Sortino Ratio Rank: 9393
Sortino Ratio Rank
KHYB Omega Ratio Rank: 9494
Omega Ratio Rank
KHYB Calmar Ratio Rank: 5252
Calmar Ratio Rank
KHYB Martin Ratio Rank: 6363
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 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.


KHYBBenchmarkDifference
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.


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$1.97$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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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.


Loading charts...

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 24d4mo 2d
5mo 26dJan 2020 - Jul 2020
Rate-hike selloffLate 2018
-1.68%Nov 2018
29d1mo 10d
2mo 9dNov 2018 - Jan 2019
2020 pullback2020
-1.49%Sep 2020
25d1mo 11d
2mo 6dSep 2020 - Nov 2020
2018 pullback2018
-1.44%Jul 2018
7d1mo 19d
1mo 26dJun 2018 - Aug 2018

Drawdown Indicators


KHYBBenchmarkDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-0.43%

-1.80%

+1.37%

Average Drawdown

Average peak-to-trough decline

-9.65%

-10.71%

+1.06%

Ulcer Index

Depth 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.


Loading charts...

Portfolio Analyzer

Build a portfolio with KHYB

Add KraneShares Asia Pacific High Income Bond ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with KHYB