EMTL vs. KHYB
Compare and contrast key facts about SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and KraneShares Asia Pacific High Income Bond ETF (KHYB).
EMTL and KHYB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EMTL is an actively managed fund by State Street. It was launched on Apr 13, 2016. KHYB is a passively managed fund by KraneShares that tracks the performance of the JP Morgan Asia Credit Index Non-Investment Grade Corporate Index.. It was launched on Jun 26, 2018.
Performance
EMTL vs. KHYB - Performance Comparison
Loading graphics...
EMTL vs. KHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | -0.89% | 8.27% | 5.86% | 9.60% | -14.31% | 0.56% | 3.48% | 11.99% | 0.33% |
KHYB KraneShares Asia Pacific High Income Bond ETF | -0.41% | 9.59% | 10.79% | 3.50% | -10.15% | -12.32% | 2.00% | 8.87% | 0.45% |
Returns By Period
In the year-to-date period, EMTL achieves a -0.89% return, which is significantly lower than KHYB's -0.41% return.
EMTL
- 1D
- 0.09%
- 1M
- -1.13%
- YTD
- -0.89%
- 6M
- -0.59%
- 1Y
- 3.92%
- 3Y*
- 6.70%
- 5Y*
- 1.64%
- 10Y*
- —
KHYB
- 1D
- 0.42%
- 1M
- -2.32%
- YTD
- -0.41%
- 6M
- 0.91%
- 1Y
- 7.21%
- 3Y*
- 7.25%
- 5Y*
- -0.32%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
EMTL vs. KHYB - Expense Ratio Comparison
EMTL has a 0.65% expense ratio, which is lower than KHYB's 0.69% expense ratio.
Return for Risk
EMTL vs. KHYB — Risk / Return Rank
EMTL
KHYB
EMTL vs. KHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) and KraneShares Asia Pacific High Income Bond ETF (KHYB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EMTL | KHYB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.53 | -0.14 |
Sortino ratioReturn per unit of downside risk | 1.86 | 2.08 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.83 | 1.62 | +0.20 |
Martin ratioReturn relative to average drawdown | 5.81 | 6.76 | -0.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| EMTL | KHYB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.53 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | -0.05 | +0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.22 | +0.50 |
Correlation
The correlation between EMTL and KHYB is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EMTL vs. KHYB - Dividend Comparison
EMTL's dividend yield for the trailing twelve months is around 5.05%, less than KHYB's 8.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMTL SPDR DoubleLine Emerging Markets Fixed Income ETF | 5.05% | 5.09% | 5.34% | 4.78% | 4.19% | 5.43% | 3.28% | 3.96% | 3.35% | 4.16% | 8.87% |
KHYB KraneShares Asia Pacific High Income Bond ETF | 8.01% | 7.59% | 10.11% | 15.55% | 9.67% | 6.22% | 4.76% | 4.86% | 2.56% | 0.00% | 0.00% |
Drawdowns
EMTL vs. KHYB - Drawdown Comparison
The maximum EMTL drawdown since its inception was -22.91%, smaller than the maximum KHYB drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for EMTL and KHYB.
Loading graphics...
Drawdown Indicators
| EMTL | KHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -33.63% | +10.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.11% | -4.29% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -33.01% | +10.10% |
Current DrawdownCurrent decline from peak | -1.52% | -3.43% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -3.89% | -9.89% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 1.05% | -0.38% |
Volatility
EMTL vs. KHYB - Volatility Comparison
The current volatility for SPDR DoubleLine Emerging Markets Fixed Income ETF (EMTL) is 0.92%, while KraneShares Asia Pacific High Income Bond ETF (KHYB) has a volatility of 2.25%. This indicates that EMTL experiences smaller price fluctuations and is considered to be less risky than KHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| EMTL | KHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 2.25% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.69% | 2.74% | -1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.84% | 4.73% | -1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.90% | 6.30% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 5.74% | -1.06% |