KHYB vs. KTEC
KHYB (KraneShares Asia Pacific High Income Bond ETF) and KTEC (KraneShares Hang Seng TECH 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 KTEC is a China Equities fund tracking the Hang Seng Tech Index. Both are passively managed. Over the past 5 years, KHYB returned 0.19%/yr vs -13.51%/yr for KTEC. At a 0.25 correlation, their price movements are largely independent. Both charge a 0.69% expense ratio.
Performance
KHYB vs. KTEC - 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 KTEC's -23.37% return.
KHYB
- 1D
- 0.05%
- 1M
- 0.46%
- YTD
- 2.60%
- 6M
- 2.57%
- 1Y
- 9.27%
- 3Y*
- 8.52%
- 5Y*
- 0.19%
- 10Y*
- —
KTEC
- 1D
- -2.20%
- 1M
- -12.41%
- YTD
- -23.37%
- 6M
- -24.10%
- 1Y
- -23.00%
- 3Y*
- 1.72%
- 5Y*
- -13.51%
- 10Y*
- —
KHYB vs. KTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KHYB KraneShares Asia Pacific High Income Bond ETF | 2.60% | 9.59% | 10.79% | 3.50% | -10.15% | -13.14% |
KTEC KraneShares Hang Seng TECH Index ETF | -23.37% | 21.01% | 16.13% | -10.41% | -26.12% | -29.98% |
Correlation
The correlation between KHYB and KTEC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.25 |
The correlation between KHYB and KTEC shifts across timeframes, from 0.25 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
KHYB vs. KTEC — Risk / Return Rank
KHYB
KTEC
KHYB vs. KTEC - 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 Hang Seng TECH Index ETF (KTEC). 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 | KTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.54 | ||
| Sortino ratioReturn per unit of downside risk | +5.33 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 0.88 | +0.73 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | -0.63 | +2.98 |
| Martin ratioReturn relative to average drawdown | 10.50 | -1.28 | +11.79 |
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Drawdowns
KHYB vs. KTEC - Drawdown Comparison
The maximum KHYB drawdown since its inception was -33.63%, smaller than the maximum KTEC drawdown of -66.90%. Use the drawdown chart below to compare losses from any high point for KHYB and KTEC.
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Drawdown Indicators
| KHYB | KTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -66.90% | +33.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -36.46% | +32.49% |
Max Drawdown (3Y)Largest decline over 3 years | -5.41% | -36.46% | +31.05% |
Max Drawdown (5Y)Largest decline over 5 years | -32.72% | -66.90% | +34.18% |
Current DrawdownCurrent decline from peak | -0.52% | -51.64% | +51.12% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -43.98% | +34.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 17.96% | -17.08% |
Volatility
KHYB vs. KTEC - Volatility Comparison
The current volatility for KraneShares Asia Pacific High Income Bond ETF (KHYB) is 0.79%, while KraneShares Hang Seng TECH Index ETF (KTEC) has a volatility of 7.78%. This indicates that KHYB experiences smaller price fluctuations and is considered to be less risky than KTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KHYB | KTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 7.78% | -6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.08% | 20.92% | -17.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.43% | 27.69% | -24.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.33% | 43.20% | -36.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.70% | 43.03% | -37.33% |
KHYB vs. KTEC - Expense Ratio Comparison
Both KHYB and KTEC have an expense ratio of 0.69%.
Dividends
KHYB vs. KTEC - Dividend Comparison
KHYB's dividend yield for the trailing twelve months is around 8.13%, more than KTEC's 4.38% 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% |
KTEC KraneShares Hang Seng TECH Index ETF | 4.38% | 3.36% | 0.27% | 0.81% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KHYB and KTEC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTEC has higher volatility (7.78%) compared to KHYB (0.79%). In terms of maximum drawdown, KHYB dropped -33.63% vs KTEC's -66.90%.
On 5-year performance, KHYB leads with 0.19% vs -13.51% for KTEC. Both ETFs have the same 0.69% expense ratio. 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 -13.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KHYB and KTEC have the same expense ratio: 0.69% per year.
KHYB has the higher dividend yield at 8.13%, compared with 4.38% for KTEC.
KHYB is categorized as Emerging Markets Bonds, while KTEC is China Equities. KHYB tracks JP Morgan Asia Credit Index Non-Investment Grade Corporate Index., while KTEC tracks Hang Seng Tech Index.
KHYB currently has the higher Sharpe Ratio (2.71 vs -0.83), 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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