KHYB vs. KLXY

Last updated Jun 3, 2026

KHYB (KraneShares Asia Pacific High Income Bond ETF) and KLXY (Kraneshares Global Luxury 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 KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net. Both are passively managed. At a 0.33 correlation, their price movements are largely independent. Both charge a 0.69% expense ratio.

Performance

KHYB vs. KLXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Asia Pacific High Income Bond ETF (KHYB) and Kraneshares Global Luxury Index ETF (KLXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KHYB

• 1D: 0.10%
• 1M: 1.08%
• YTD: 2.54%
• 6M: 3.66%
• 1Y: 10.48%
• 3Y*: 9.03%
• 5Y*: 0.12%
• 10Y*: —

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KHYB vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KHYB KraneShares Asia Pacific High Income Bond ETF	2.54%	9.59%	10.79%	6.23%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%

Correlation

The correlation between KHYB and KLXY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.33

KHYB vs. KLXY - Sectors Allocation Comparison

Sectors	KHYB	KLXY
Consumer Defensive	100.0%	21.8%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	73.2%
Energy	-	-
Financial Services	-	-
Healthcare	-	4.9%
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

KHYB vs. KLXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KHYB

KHYB Risk / Return Rank: 78
KHYB Sharpe Ratio Rank: 89
KHYB Sortino Ratio Rank: 93
KHYB Omega Ratio Rank: 94
KHYB Calmar Ratio Rank: 50
KHYB Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KHYB vs. KLXY - 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 Global Luxury Index ETF (KLXY). 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.

	KHYB	KLXY	Difference
Sharpe ratio Return per unit of total volatility	3.09	—	—
Sortino ratio Return per unit of downside risk	4.78	—	—
Omega ratio Gain probability vs. loss probability	1.70	—	—
Calmar ratio Return relative to maximum drawdown	2.51	—	—
Martin ratio Return relative to average drawdown	11.29	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KHYB	KLXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.09	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	—	—

Drawdowns

Drawdown Indicators

	KHYB	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-33.63%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-3.97%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.86%	—	—
Current Drawdown Current decline from peak	-0.58%	—	—
Average Drawdown Average peak-to-trough decline	-9.71%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	—	—

Volatility

Volatility by Period

	KHYB	KLXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.44%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.33%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.71%	—	—

KHYB vs. KLXY - Expense Ratio Comparison

Both KHYB and KLXY have an expense ratio of 0.69%.

Dividends

KHYB vs. KLXY - Dividend Comparison

KHYB's dividend yield for the trailing twelve months is around 8.13%, more than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KHYB and KLXY in my portfolio?

KHYB and KLXY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KHYB or KLXY?

Both ETFs have the same 0.69% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KHYB or KLXY?

KHYB and KLXY have the same expense ratio: 0.69% per year.

Which ETF pays a higher dividend yield, KHYB or KLXY?

KHYB has the higher dividend yield at 8.13%, compared with 0.85% for KLXY.

What is the main difference between KHYB and KLXY?

KHYB is categorized as Emerging Markets Bonds, while KLXY is Consumer Discretionary Equities. KHYB tracks JP Morgan Asia Credit Index Non-Investment Grade Corporate Index., while KLXY tracks Solactive Global Luxury Index - Benchmark TR Net.