EQLT vs. KPHO

Last updated Jun 23, 2026

EQLT (iShares MSCI Emerging Markets Quality Factor ETF) and KPHO (KraneShares Dragon Capital Vietnam Growth Index ETF) are both Emerging Markets Equities funds - EQLT tracks the MSCI Emerging Markets Quality Factor Select Index while KPHO tracks the Dragon Capital Merqube Vietnam Growth Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. EQLT charges 0.35%/yr vs 1.03%/yr for KPHO.

Performance

EQLT vs. KPHO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Quality Factor ETF (EQLT) and KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQLT achieves a 33.07% return, which is significantly higher than KPHO's -5.78% return.

EQLT

• 1D: -0.75%
• 1M: 5.30%
• YTD: 33.07%
• 6M: 34.67%
• 1Y: 61.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KPHO

• 1D: -1.09%
• 1M: -0.97%
• YTD: -5.78%
• 6M: 6.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EQLT vs. KPHO - Yearly Performance Comparison

	2026 (YTD)	2025
EQLT iShares MSCI Emerging Markets Quality Factor ETF	33.07%	2.50%
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF	-5.78%	9.46%

Correlation

The correlation between EQLT and KPHO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.48

Return for Risk

EQLT vs. KPHO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EQLT

EQLT Risk / Return Rank: 87
EQLT Sharpe Ratio Rank: 88
EQLT Sortino Ratio Rank: 82
EQLT Omega Ratio Rank: 85
EQLT Calmar Ratio Rank: 89
EQLT Martin Ratio Rank: 90

KPHO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

EQLT vs. KPHO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Quality Factor ETF (EQLT) and KraneShares Dragon Capital Vietnam Growth Index ETF (KPHO). 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.

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.

	EQLT	KPHO	Difference
Sharpe ratio: Return per unit of total volatility	2.77	—	—
Sortino ratio: Return per unit of downside risk	3.48	—	—
Omega ratio: Gain probability vs. loss probability	1.50	—	—
Calmar ratio: Return relative to maximum drawdown	5.16	—	—
Martin ratio: Return relative to average drawdown	20.06	—	—

Drawdowns

EQLT vs. KPHO - Drawdown Comparison

The maximum EQLT drawdown since its inception was -17.38%, which is greater than KPHO's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for EQLT and KPHO.

Drawdown Indicators

	EQLT	KPHO	Difference
Max Drawdown Largest peak-to-trough decline	-17.38%	-14.34%	-3.04%
Max Drawdown (1Y) Largest decline over 1 year	-12.00%	—	—
Current Drawdown Current decline from peak	-0.75%	-10.98%	+10.23%
Average Drawdown Average peak-to-trough decline	-3.58%	-6.28%	+2.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	—	—

Volatility

Volatility by Period

	EQLT	KPHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.37%	28.06%	-5.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.09%	28.06%	-6.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.09%	28.06%	-6.97%

EQLT vs. KPHO - Expense Ratio Comparison

EQLT has a 0.35% expense ratio, which is lower than KPHO's 1.03% expense ratio.

Dividends

EQLT vs. KPHO - Dividend Comparison

EQLT's dividend yield for the trailing twelve months is around 2.51%, less than KPHO's 11.03% yield.

Position	TTM	2025	2024
EQLT iShares MSCI Emerging Markets Quality Factor ETF	2.51%	3.10%	0.51%
KPHO KraneShares Dragon Capital Vietnam Growth Index ETF	11.03%	10.40%	0.00%

Frequently Asked Questions

Can I hold both EQLT and KPHO in my portfolio?

EQLT and KPHO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EQLT or KPHO?

On fees, EQLT is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EQLT or KPHO?

EQLT is cheaper with a 0.35% expense ratio, compared with 1.03% for KPHO.

Which ETF pays a higher dividend yield, EQLT or KPHO?

KPHO has the higher dividend yield at 11.03%, compared with 2.51% for EQLT.

What is the main difference between EQLT and KPHO?

EQLT tracks MSCI Emerging Markets Quality Factor Select Index, while KPHO tracks Dragon Capital Merqube Vietnam Growth Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.35% for EQLT and 1.03% for KPHO.