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.
Key characteristics
| KHYB | GAIN | |
|---|---|---|
| YTD Return | 12.48% | 4.91% |
| 1Y Return | 17.97% | 10.13% |
| 3Y Return (Ann) | 2.63% | 5.92% |
| 5Y Return (Ann) | -0.78% | 11.19% |
| Sharpe Ratio | 4.89 | 0.51 |
| Sortino Ratio | 7.61 | 0.81 |
| Omega Ratio | 2.25 | 1.10 |
| Calmar Ratio | 0.76 | 0.74 |
| Martin Ratio | 56.31 | 1.87 |
| Ulcer Index | 0.31% | 5.04% |
| Daily Std Dev | 3.62% | 18.61% |
| Max Drawdown | -33.01% | -80.87% |
| Current Drawdown | -9.33% | -5.30% |
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.
Performance
KHYB vs. GAIN - Performance Comparison
In the year-to-date period, KHYB achieves a 12.48% return, which is significantly higher than GAIN's 4.91% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 15.36%, less than GAIN's 18.97% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 15.36% | 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 | 18.97% | 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 0.56%, while Gladstone Investment Corporation (GAIN) has a volatility of 6.24%. 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.