KHYB vs. KARS
KHYB (KraneShares Asia Pacific High Income Bond ETF) and KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) are both exchange-traded funds - KHYB is a Emerging Markets Bonds fund tracking the JP Morgan Asia Credit Index Non-Investment Grade Corporate Index., while KARS is a Industrials Equities fund tracking the Bloomberg Electric Vehicles Index. Both are passively managed. Over the past 5 years, KHYB returned 0.19%/yr vs -5.51%/yr for KARS. At a 0.20 correlation, their price movements are largely independent. KHYB charges 0.69%/yr vs 0.72%/yr for KARS.
Performance
KHYB vs. KARS - Performance Comparison
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Returns By Period
In the year-to-date period, KHYB achieves a 2.60% return, which is significantly higher than KARS's 1.34% return.
KHYB
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 2.60%
- 6M
- 2.57%
- 1Y
- 9.27%
- 3Y*
- 8.52%
- 5Y*
- 0.19%
- 10Y*
- —
KARS
- 1D
- -2.26%
- 1M
- -14.17%
- YTD
- 1.34%
- 6M
- 0.16%
- 1Y
- 40.75%
- 3Y*
- 1.63%
- 5Y*
- -5.51%
- 10Y*
- —
KHYB vs. KARS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | 1.34% | 46.04% | -17.88% | -7.85% | -39.20% | 24.11% | 71.17% | 34.66% | -19.49% |
Correlation
The correlation between KHYB and KARS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2018 | 0.20 |
The correlation between KHYB and KARS shifts across timeframes, from 0.20 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KHYB vs. KARS — Risk / Return Rank
KHYB
KARS
KHYB vs. KARS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS). 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.
| KHYB | KARS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.24 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.26 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.20 | +0.14 |
| Martin ratioReturn relative to average drawdown | 10.50 | 8.55 | +1.95 |
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Drawdowns
KHYB vs. KARS - Drawdown Comparison
The maximum KHYB drawdown since its inception was -33.63%, smaller than the maximum KARS drawdown of -64.85%. Use the drawdown chart below to compare losses from any high point for KHYB and KARS.
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Drawdown Indicators
| KHYB | KARS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -64.85% | +31.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -18.57% | +14.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -47.79% | +42.38% |
Max Drawdown (5Y)Largest decline over 5 years | -32.72% | -64.85% | +32.13% |
Current DrawdownCurrent decline from peak | -0.52% | -38.23% | +37.71% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -28.34% | +18.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 4.78% | -3.90% |
Volatility
KHYB vs. KARS - Volatility Comparison
The current volatility for KraneShares Asia Pacific High Income Bond ETF (KHYB) is 0.79%, while KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a volatility of 11.50%. This indicates that KHYB experiences smaller price fluctuations and is considered to be less risky than KARS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KHYB | KARS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 11.50% | -10.71% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 21.38% | -18.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 27.77% | -24.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 30.11% | -23.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.70% | 29.41% | -23.71% |
KHYB vs. KARS - Expense Ratio Comparison
KHYB has a 0.69% expense ratio, which is lower than KARS's 0.72% expense ratio.
Dividends
KHYB vs. KARS - Dividend Comparison
KHYB's dividend yield for the trailing twelve months is around 8.13%, more than KARS's 0.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
KARS KraneShares Electric Vehicles and Future Mobility Index ETF | 0.18% | 0.18% | 0.78% | 0.88% | 1.13% | 6.73% | 0.14% | 1.85% | 1.38% |
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% |
Frequently Asked Questions
KHYB and KARS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KARS has higher volatility (11.50%) compared to KHYB (0.79%). In terms of maximum drawdown, KHYB dropped -33.63% vs KARS's -64.85%.
On 5-year performance, KHYB leads with 0.19% vs -5.51% for KARS. 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, KHYB has performed better with a 0.19% return vs -5.51%. 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 0.72% for KARS.
KHYB has the higher dividend yield at 8.13%, compared with 0.18% for KARS.
KHYB is categorized as Emerging Markets Bonds, while KARS is Industrials Equities. KHYB tracks JP Morgan Asia Credit Index Non-Investment Grade Corporate Index., while KARS tracks Bloomberg Electric Vehicles Index. Their fees differ too: 0.69% for KHYB and 0.72% for KARS.
KHYB currently has the higher Sharpe Ratio (2.71 vs 1.48), 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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