INCO vs. KHYB
INCO (Columbia India Consumer ETF) and KHYB (KraneShares Asia Pacific High Income Bond ETF) are both exchange-traded funds - INCO is a Asia Pacific Equities fund tracking the Indxx India Consumer Index, while KHYB is a Emerging Markets Bonds fund tracking the JP Morgan Asia Credit Index Non-Investment Grade Corporate Index.. Both are passively managed. Over the past 5 years, INCO returned 6.94%/yr vs 0.19%/yr for KHYB. At a 0.16 correlation, their price movements are largely independent. INCO charges 0.75%/yr vs 0.69%/yr for KHYB.
Performance
INCO vs. KHYB - Performance Comparison
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Returns By Period
In the year-to-date period, INCO achieves a -7.96% return, which is significantly lower than KHYB's 2.60% return.
INCO
- 1D
- 0.57%
- 1M
- 2.58%
- YTD
- -7.96%
- 6M
- -7.22%
- 1Y
- -7.25%
- 3Y*
- 7.44%
- 5Y*
- 6.94%
- 10Y*
- 9.02%
KHYB
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 2.60%
- 6M
- 2.57%
- 1Y
- 9.27%
- 3Y*
- 8.52%
- 5Y*
- 0.19%
- 10Y*
- —
INCO vs. KHYB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | -7.96% | 0.59% | 12.70% | 34.63% | -7.01% | 19.28% | 14.55% | -4.22% | -2.22% |
KHYB KraneShares Asia Pacific High Income Bond ETF | 2.60% | 9.59% | 10.79% | 3.50% | -10.15% | -12.32% | 2.00% | 8.87% | 0.45% |
Correlation
The correlation between INCO and KHYB is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018 | 0.16 |
Over the past year, INCO and KHYB have become more correlated (0.41) than their long-term average of 0.16, meaning their price movements have been converging.
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Return for Risk
INCO vs. KHYB — Risk / Return Rank
INCO
KHYB
INCO vs. KHYB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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.
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.
| INCO | KHYB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.72 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.61 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 2.34 | -2.68 |
| Martin ratioReturn relative to average drawdown | -0.81 | 10.50 | -11.31 |
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Drawdowns
INCO vs. KHYB - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, which is greater than KHYB's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for INCO and KHYB.
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Drawdown Indicators
| INCO | KHYB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -33.63% | -14.06% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -3.97% | -17.40% |
Max Drawdown (3Y)Largest decline over 3 years | -29.98% | -5.41% | -24.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | -32.72% | +2.74% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | — | — |
Current DrawdownCurrent decline from peak | -21.62% | -0.52% | -21.10% |
Average DrawdownAverage peak-to-trough decline | -10.62% | -9.64% | -0.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.94% | 0.88% | +8.06% |
Volatility
INCO vs. KHYB - Volatility Comparison
Columbia India Consumer ETF (INCO) has a higher volatility of 5.20% compared to KraneShares Asia Pacific High Income Bond ETF (KHYB) at 0.79%. This indicates that INCO's price experiences larger fluctuations and is considered to be riskier than KHYB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INCO | KHYB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.20% | 0.79% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 14.41% | 3.08% | +11.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.03% | 3.43% | +13.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.98% | 6.33% | +10.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.30% | 5.70% | +14.60% |
INCO vs. KHYB - Expense Ratio Comparison
INCO has a 0.75% expense ratio, which is higher than KHYB's 0.69% expense ratio.
Dividends
INCO vs. KHYB - Dividend Comparison
INCO has not paid dividends to shareholders, while KHYB's dividend yield for the trailing twelve months is around 8.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | 0.00% | 0.00% | 2.88% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% |
KHYB KraneShares Asia Pacific High Income Bond ETF | 8.13% | 7.59% | 10.11% | 15.55% | 9.67% | 6.22% | 4.76% | 4.86% | 2.56% | 0.00% | 0.00% |
Frequently Asked Questions
INCO and KHYB have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INCO has higher volatility (5.20%) compared to KHYB (0.79%). In terms of maximum drawdown, INCO dropped -47.69% vs KHYB's -33.63%.
On 5-year performance, INCO leads with 6.94% vs 0.19% for KHYB. On fees, KHYB is cheaper at 0.69% per year. On volatility, KHYB has been the lower-risk option at 0.79%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, INCO has performed better with a 6.94% return vs 0.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KHYB is cheaper with a 0.69% expense ratio, compared with 0.75% for INCO.
KHYB has the higher dividend yield at 8.13%, compared with 0.00% for INCO.
INCO is categorized as Asia Pacific Equities, while KHYB is Emerging Markets Bonds. INCO tracks Indxx India Consumer Index, while KHYB tracks JP Morgan Asia Credit Index Non-Investment Grade Corporate Index.. They also come from different issuers: Ameriprise Financial and KraneShares. Their fees differ too: 0.75% for INCO and 0.69% for KHYB.
KHYB currently has the higher Sharpe Ratio (2.71 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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