KHYB vs. GAIN
Compare and contrast key facts about KraneShares Asia Pacific High Income Bond ETF (KHYB) and Gladstone Investment Corporation (GAIN).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KHYB or GAIN.
Performance
KHYB vs. GAIN - Performance Comparison
Returns By Period
In the year-to-date period, KHYB achieves a 12.10% return, which is significantly higher than GAIN's 7.61% return.
KHYB
12.10%
0.13%
5.93%
15.23%
-0.88%
N/A
GAIN
7.61%
-3.11%
5.28%
10.53%
11.12%
17.83%
Key characteristics
| KHYB | GAIN | |
|---|---|---|
| Sharpe Ratio | 4.51 | 0.56 |
| Sortino Ratio | 6.79 | 0.88 |
| Omega Ratio | 2.10 | 1.11 |
| Calmar Ratio | 0.73 | 0.83 |
| Martin Ratio | 49.15 | 2.11 |
| Ulcer Index | 0.32% | 4.99% |
| Daily Std Dev | 3.49% | 18.71% |
| Max Drawdown | -33.01% | -80.87% |
| Current Drawdown | -9.64% | -3.11% |
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Correlation
The correlation between KHYB and GAIN is 0.07, 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.
Risk-Adjusted Performance
KHYB vs. GAIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and Gladstone Investment Corporation (GAIN). 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.
Dividends
KHYB vs. GAIN - Dividend Comparison
KHYB's dividend yield for the trailing twelve months is around 15.47%, less than GAIN's 18.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 15.47% | 15.56% | 9.67% | 6.22% | 6.87% | 4.93% | 2.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GAIN Gladstone Investment Corporation | 18.54% | 17.24% | 9.88% | 6.06% | 9.22% | 7.74% | 9.88% | 7.94% | 8.87% | 9.68% | 11.00% | 8.44% |
Drawdowns
KHYB vs. GAIN - Drawdown Comparison
The maximum KHYB drawdown since its inception was -33.01%, smaller than the maximum GAIN drawdown of -80.87%. Use the drawdown chart below to compare losses from any high point for KHYB and GAIN. For additional features, visit the drawdowns tool.
Volatility
KHYB vs. GAIN - Volatility Comparison
The current volatility for KraneShares Asia Pacific High Income Bond ETF (KHYB) is 0.67%, while Gladstone Investment Corporation (GAIN) has a volatility of 6.09%. This indicates that KHYB experiences smaller price fluctuations and is considered to be less risky than GAIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.