KHYB vs. KBWD
Compare and contrast key facts about KraneShares Asia Pacific High Income Bond ETF (KHYB) and Invesco KBW High Dividend Yield Financial ETF (KBWD).
KHYB and KBWD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. KBWD is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Financial Sector Dividend Yield Index. It was launched on Dec 2, 2010. Both KHYB and KBWD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KHYB or KBWD.
Performance
KHYB vs. KBWD - Performance Comparison
Returns By Period
In the year-to-date period, KHYB achieves a 12.10% return, which is significantly higher than KBWD's 6.73% return.
KHYB
12.10%
0.13%
5.93%
15.23%
-0.88%
N/A
KBWD
6.73%
0.62%
3.83%
16.49%
3.73%
4.33%
Key characteristics
| KHYB | KBWD | |
|---|---|---|
| Sharpe Ratio | 4.51 | 1.00 |
| Sortino Ratio | 6.79 | 1.41 |
| Omega Ratio | 2.10 | 1.18 |
| Calmar Ratio | 0.73 | 1.09 |
| Martin Ratio | 49.15 | 4.05 |
| Ulcer Index | 0.32% | 4.21% |
| Daily Std Dev | 3.49% | 16.99% |
| Max Drawdown | -33.01% | -58.63% |
| Current Drawdown | -9.64% | -2.10% |
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KHYB vs. KBWD - Expense Ratio Comparison
KHYB has a 0.69% expense ratio, which is lower than KBWD's 1.24% expense ratio.
Correlation
The correlation between KHYB and KBWD is 0.12, 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. KBWD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Asia Pacific High Income Bond ETF (KHYB) and Invesco KBW High Dividend Yield Financial ETF (KBWD). 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. KBWD - Dividend Comparison
KHYB's dividend yield for the trailing twelve months is around 15.47%, more than KBWD's 12.02% 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% |
KBWD Invesco KBW High Dividend Yield Financial ETF | 12.02% | 11.46% | 11.31% | 7.27% | 9.66% | 8.64% | 9.47% | 8.78% | 8.68% | 8.89% | 8.31% | 7.68% |
Drawdowns
KHYB vs. KBWD - Drawdown Comparison
The maximum KHYB drawdown since its inception was -33.01%, smaller than the maximum KBWD drawdown of -58.63%. Use the drawdown chart below to compare losses from any high point for KHYB and KBWD. For additional features, visit the drawdowns tool.
Volatility
KHYB vs. KBWD - Volatility Comparison
The current volatility for KraneShares Asia Pacific High Income Bond ETF (KHYB) is 0.67%, while Invesco KBW High Dividend Yield Financial ETF (KBWD) has a volatility of 4.69%. This indicates that KHYB experiences smaller price fluctuations and is considered to be less risky than KBWD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.